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.

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· Mar 14, 2023 · 10:01 am

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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· Feb 23, 2023 · 07:47 pm

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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· Feb 21, 2023 · 05:27 pm

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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· Feb 11, 2023 · 08:08 am

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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· Feb 10, 2023 · 11:19 am

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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· Jan 14, 2023 · 10:40 am

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.

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· Dec 02, 2022 · 04:42 pm

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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· Nov 09, 2022 · 05:50 pm

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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· Nov 09, 2022 · 04:13 pm

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.

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· Mar 25, 2022 · 08:38 pm

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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· Jan 04, 2022 · 07:34 pm

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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· Dec 23, 2021 · 12:01 pm