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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Kalakshetra abuse controversy should force a rethink of power hierarchies in ‘classical’ dance world
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The dark side of wind energy along Gujarat’s coast
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No way home for eight Indian Navy veterans jailed by Qatar?
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Why are Sikhs abroad more pro-Khalistan than community members living in India?
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Karnataka Elections: ‘Vokkaliga regions have been least accepting of the BJP and its ideology’
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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.
Scroll Staff
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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.
Scroll Staff
Video
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Watch: Men on motorbike try to snatch mobile phone from woman filming video on Bengaluru street
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Watch: Cricketers Sanju Samson, Yuzvendra Chahal enact comedy scene from popular Malayalam movie
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Watch the first litter of cheetah cubs born in India in over 70 years
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Watch: Pal the German Shepherd takes charge as honorary mayor for Niagara Falls in Ontario, Canada
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Watch: Journalist Nishant Shekhar hilariously mimics everyday conversations in Indian newsroom
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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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‘Bholaa’ review: High on action and colour filters
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Watch: The trailer of Mani Ratnam’s ‘Ponniyin Selvan’ part 2 is out
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‘Elemental’ trailer: Fire teams up with water in animated film about elements of nature
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Netflix India’s latest mantra: ‘You can’t be successful globally without being successful locally’
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Start the week with a film: The very violent and very clever ‘Battle Royale’
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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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Sports world daily: Sinner through in Miami; Barcelona, Arsenal reach women’s Champions League semis
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IPL 2023: Complete squads, captaincy changes, team-wise schedule, key players and more
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IPL 2023: MI's Rohit Sharma and Mark Boucher on Impact Player rule, plans for the season and more
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Shuttle Zone: How to get started with badminton? And how to prepare for matches? Here’s a guide
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Spain Masters Super 300: Sindhu through, Aakarshi Kashyap upsets world No 15, Srikanth wins thriller