Month: February 2023

India’s embattled Adani Group is in talks with lenders to repay a $500 million bridge loan facility it had taken to buy controlling stakes in cement companies ACC Ltd and … Read More

4 Reasons Why FIIs Are Selling Indian Stocks Foreign investors love to invest in India. They can find stocks across categories, small and large, that are fundamentally strong and are … Read More

Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday amid mixed trends in global markets as investors remained cautious awaiting cues on the interest rate trajectory in … Read More

Airbnb on Tuesday reported its first annual profit, with revenue surging in the final three months of 2022 as travel bookings rebounded. The home-rental platform said it made a profit … Read More

Social media platform Reddit Inc is looking to go public later this year, likely in the second half, the Information reported on Tuesday, citing people familiar with the matter. Reddit … Read More

S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be … Read More

The number of demat accounts rose to 11 crore in January, a surge of 31 per cent on a yearly basis, amid attractive returns from the equity markets, ease of … Read More

Fintech firm PhonePe has raised another $100 million (about Rs 828 crore) in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger … Read More

The BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues. Sliding crude oil prices in the international … Read More

Adani Enterprises reported a swing to third-quarter profit on Tuesday from a loss a year earlier, and said it had made no “material financial adjustments” in the wake of the … Read More