Business
Zee-Sony Merger Called Off: Zee is now down 30%
Following the cancellation of its long-planned $10 billion merger with Sony Pictures on Monday, several brokerages downgraded shares of Zee Entertainment. The deal had been in the works for more than two years. Sony has also requested a termination fee of over $90 million. Zee’s stock had already experienced a double depreciation in 2019 amid […]
Stock Market Today: Day trading guide
Stock Market Today: With a gain of 7 points, trends in the GIFT Nifty suggest a flat start for the larger Indian index. The 21,535 mark was the focal point of the Nifty futures trade. On January 19, the main Sensex and Nifty indices are probably going to open level since GIFT Nifty patterns suggest […]
HDFC Bank shares tank 7% after Q3 results disappoint investors
HDFC Bank shares: The biggest private lender in India, HDFC Bank Ltd., had a 6.7% overnight decline in its US-listed shares following the release of its December quarter earnings after the close of Indian markets on Tuesday. The shares listed on the New York Stock Exchange (NYSE) had not experienced a larger single-day decrease since […]
Gautam Adani’s Son Karan elevated as Adani Group MD
In 2009, Karan Adani began working for the Adani Group at Mundra Port, and by 2016, he had attained the position of CEO. On Wednesday, the Adani Ports and Special Economic Zone (APSEZ) promoted Karan Adani, the company’s CEO, to the position of Adani Group MD. The position of executive chairman has been reverted to […]
Supreme Court’s Decision: No CBI or SIT Probe in Adani-Hindenburg Case Explained
The Supreme Court declined to order an investigation into the Gautam Adani-Hindenburg case by the SIT or CBI. The Supreme Court rendered a significant decision on Wednesday by declining to direct the Central Bureau of Investigation (CBI) or a special investigation team (SIT) to look into the Gautam Adani-Hindenburg case. Rather, the Securities and Exchange […]