Mumbai: Shares of Adani Group companies fell by up to 7% Monday as the sentiment soured following fresh allegations by the US-based short-seller Hindenburg that Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, held stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother, Vinod Adani, to “amass and trade large … Read more
The first quarter earnings season is underway and as many as 95 companies will announce their quarterly numbers on Monday. Key results to watch out include that of Adani Total Gas, HPCL, Adani Wilmar and ACC. Apart from the above, companies like Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun … Read more
Finance Commission Chairman Arvind Panagariya believes India’s main challenge isn’t creating jobs but reallocating capital to more labor-intensive sectors. Too much capital is tied up in industries that don’t hire many workers, he said. “The problem lies in the industry’s composition, especially manufacturing,” Panagariya told NDTV in an interview. The lack of jobs was the … Read more
