Corporate Affairs
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LIC debt exposure to Adani Group fell marginally despite stock market rout
Finance Minister Nirmala Sitharaman said that the exposure declined from Rs 6,347 crore in December to Rs 6,183 crore in March.
Scroll Staff
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Value of LIC investments in Adani Group turns negative, reports CNBC-TV18
Opposition parties have criticised the Centre over LIC’s investments in the Adani Group and the implications it could have on insurance schemes of citizens.
Scroll Staff
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Adani Group’s market value drops below $100 billion
The conglomerate has now lost over $136 billion in market capitalisation since a US-based firm accused it of stock manipulation last month.
Scroll Staff
Trending
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We will leave India if told to break encryption: WhatsApp tells Delhi HC
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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‘Be freed from what holds you back’: Poems by Buddhist women from the Murty Classical Library
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Why is BJP wooing Bengali-origin Muslims in Assam?
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Canada: Amid anti-immigration rhetoric, curbing international students is a knee-jerk reaction
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Moody’s downgrades outlook for four Adani Group firms to negative
The ratings agency cited the ‘rapid decline in the market equity values’ of the conglomerate’s firms following a report by US firm Hindenburg Research.
Scroll Staff
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Will seek explanation from Adani Group on stock crisis, says LIC
The state-owned insurer, however, said that it has not reduced its exposure to the conglomerate.
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Smartphones will become expensive due to Competition Commission of India order, says Google
The competition regulator has imposed a fine and other regulations on Google, accusing it of ‘abusing its dominant position’ on the Android platform.
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Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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LIC’s investments in Adani Group have increased sharply in past two years, say reports
The insurer’s stake in the conglomerate’s flagship Adani Enterprises increased from less than 1% in September 2020 to 4.02% in September 2022.
Scroll Staff
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Meta says it will lay off over 11,000 employees
The sackings will reduce the company’s staff strength by 13%.
Scroll Staff
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Elon Musk sells Tesla shares worth nearly Rs 32,000 crore
The net worth of the world’s richest person dropped under $200 billion amid heavy selloff of the car company’s shares.
Scroll Staff
The Reel
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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Watch: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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Real estate firm Supertech declared bankrupt, about 25,000 homebuyers feared to be affected
The company has several ongoing projects in Noida, Greater Noida, Gurugram and Ghaziabad cities of the National Capital Region.
Scroll Staff
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Delhi HC dismisses Future Group pleas on termination of Amazon arbitration proceedings
The Singapore-based tribunal has been hearing Amazon’s petition against the Future Group in connection with the deal between the two companies signed in 2019.
Scroll Staff
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Amazon moves Delhi High Court against ED probe into alleged foreign exchange violations
The agency is investigating if Amazon violated the Foreign Exchange Management Act while investing in a promoter company of the Future Group.
Scroll Staff
The Field
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IPL 2024: Jonny Bairtsow shines as Punjab Kings beat Kolkata Knight Riders in record-breaking match
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IPL 2024: ‘Save the bowlers’ – Reactions as Punjab chase down record total against Kolkata
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Paris Olympics 2024: Nethra Kumanan secures India’s second quota in sailing
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ISL: Kerala Blasters FC axe Ivan Vukomanovic as head coach
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Archery, World Cup Shanghai: Jyothi Vennam and Abhishek Verma reach the mixed compound final