Business

Stating that "Fraud cannot be obfuscated by nationalism" the Hidenburg Research hit out at the Adani Group claiming that the latter's "Bloated Response" ignored "every key allegation we raised."

The research firm, in its report, raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.

The tech giant cut 12,000 employees from its global workforce last week, joining the continuing spate of layoffs by tech firms.

In India, more than 21,000 employees have been laid off by more than 70 startups to day, including from unicorns like BYJU'S, Ola, MPL, Innovaccer, Unacademy, Vedantu, Cars24, OYO, Meesho, Udaan and many more.

Of Adani portfolio's nine public listed entity's, eight are audited by one of the Big 6.

The staff of Kun United Hyundai, including vice president B Purnima, DGMs G Santosh and A Karthik, and senior managers Amit M Chabria and K Rohit were present.

Currently, the company is involved in a legal battle with Ashneer, after suing him and his family for allegedly siphoning off company funds worth Rs 88.6 crore.

The company in its growth strategy for 2030 said it has invested in Fujisan Asagiri Biomass that generates power from biogas derived from cow dung in Japan, and beginning its study.

Shares of Adani Total Gas plummeted 19.65 per cent, Adani Transmission tumbled 19 per cent, Adani Green Energy plunged 15.50 per cent and Adani Enterprises tanked 6.19 per cent on the BSE.

Adani Group said it was mulling legal options in the US and India against Hindenburg Research after its report accused firms owned by Gautam Adani of market manipulation and accounting fraud.

For the past 10 days, the price of gold has been making its way up and on Wednesday, the value of gold notched a six-month high in the Hyderabad market

The Central government's new SGrB 2028 and SGrB 2033 are going to be auctioned.

In a statement, Jugeshinder Singh, Group CFO, Adani, said the report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India's highest courts.

Adani Group said it was shocked to see the report that came out without any attempt to contact it to get the factual matrix.

The 30-share BSE Sensex fell by 268 points or 0.44 per cent to 60,709.93 as 24 of its constituents declined. The index opened lower at 60,834.73 and dropped further to a low of 60,693.39 in early trade.

The police have also come across 35 bank accounts of the accused Krishna Avtar, who has been arrested and sent to jail.

Money management, in a nutshell, is about savings, using it to protect oneself against life's vagaries, and growing money

Deverakonda, well known for his roles in Pelli Choopulu and Arjun Reddy, will also be the brand ambassador for the Black Hawks, with appearances and promotions aimed to take the team beyond the league matches and bring it before a global audience.

The number of workers to be fired wasn't specified at the moment, reports Bloomberg, citing sources.

A fall in crude oil prices and early gains in equity markets also supported the local currency, according to forex dealers.

The sacking episodes have gained speed amid global economic meltdown and recession fears.

MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 per cent of its workforce, around 200 people, across all departments as a restructuring exercise.

The company has issued termination letters to all the affected employees and stated that despite adequate training, they have failed to perform.

Semiconductor major Microchip Technology has acquired 1,68,000 sft of office space in One Golden Mile at Kokapet