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.
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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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An Indian artist who helped decolonise Christian art has been relegated to the margins in death
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How Uttar Pradesh’s halal ban has plunged the processed food industry into chaos
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‘Sam Bahadur’ review: A little bit of everything and nothing about any one thing in particular
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FIH Hockey Women’s Junior World Cup: From broken ankle to historic title, Preeti eyes redemption
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From ‘self-rule’ call to setting the narrative, how ITLF has become new Kuki-Zo voice in Manipur
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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.
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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: Stray dog gets stuck in drain below road, firefighters drill through the surface to rescue it
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Watch: Shah Rukh Khan fans from India and abroad participate in the ‘Lutt Putt Gaya’ dance challenge
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Uttarakhand tunnel collapse: Glimpses of how the trapped workers lived inside, waiting to be rescued
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Watch: Hilarious moments as woman wakes up at dawn to find neighbour’s pets in her house
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Watch: Professional ‘mermaid’ quickly removes tail to swim to safety after it got stuck in aquarium
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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%.
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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.
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The Reel
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‘Dhootha’ review: An entertaining yarn about media ethics
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Interview: ‘The Archies’ movie is ‘nostalgic, magical, a storybook come to life’
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‘Sam Bahadur’ review: A little bit of everything and nothing about any one thing in particular
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‘Shehar Lakhot’ review: A compelling cast trumps the convoluted plot
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A new Annapurna Devi film could be the last word on the recluse – or the start of a new quest
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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.
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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.
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The Field
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Watch, Cricket: Uganda men’s team celebrates after qualifying for the 2024 ICC Men’s T20 World Cup
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Watch, highlights ISL 2023-24: Bengaluru FC fight back to hold debutants Punjab FC to a draw
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FIH Hockey Women’s Junior World Cup: India suffer narrow defeat to Germany in second group game
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Pro Kabaddi League: Thousand years old, going on 10 – the sport comes of age in its latest season
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India tour of South Africa: Sharma, Kohli, Bumrah skip white-ball series; Iyer makes Test comeback