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.
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Trending
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Unnatural sex between husband and wife not rape, woman’s consent immaterial: Madhya Pradesh HC
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‘Physical building of WhatsApp University’: Satire on viral video of Galgotias University students
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‘Exhuma’ review: A grave holds secrets to a troubled Korean past
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‘Naach Ga Ghuma’ review: Soft landings in saga of a woman and her missing maid
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Why are so many young Indians trading in cryptocurrency, especially in tier-two cities?
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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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Video: What will it take to bring back peace to Manipur?
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‘Physical building of WhatsApp University’: Satire on viral video of Galgotias University students
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Watch: Meet Sparkles, the new avatar of Boston Dynamics’ robot dog with a special costume
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Watch: Diljit Dosanjh invites young fan on stage, dances with him during his sold-out Vancouver show
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Watch: School authorities turn classroom into swimming pool to encourage attendance during heatwave
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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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‘Presumed Innocent’ trailer: Jake Gyllenhaal plays a lawyer accused of murdering his lover
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‘Lampan’ trailer: Marathi series is based on Prakash Narayan Sant’s stories
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Watch: ‘Murder in Mahim’ series is based on Jerry Pinto’s crime novel
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‘Women Of My Billion’ review: What happens when women get talking
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‘The Broken News’ S2 review: A competent second round of TV channel rivalry
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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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Boxing, Asian U22 & Youth C’ships: Brijesh, Aryan and five other Indians enter finals
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Cricket, ICC rankings: India remain No 1 in ODIs and T20Is, ranked second in Tests
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Watch, ICC Men's T20 World Cup: Sean Paul and Kes combine to create tournament's official anthem
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Boxing, Asian U22 & Youth C’ships: Four Indians move to semi-finals with comprehensive wins
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ICC T20 World Cup 2024: As India chase an elusive title, here’s an analysis of the chosen 15