Shares in Adani group of companies plunged on Thursday after Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, citing the need to insulate investors from potential losses.Total losses in stocks of 7 listed Adani group companies have hit $100 bln since Hindenburg report. Adani on Wednesday called off the share […]
Billionaire Gautam Adani has said the decision to withdraw a fully subscribed share sale of the flagship firm of his group was primarily because of volatility in the market.Adani Group company stocks have lost over US$ 90 billion in value since a US short seller made damning allegations. Adani Enterprises Ltd’s Rs 20,000 crore follow-on […]
There will be no income tax up to ₹7 lakh in the new tax regime, announced Union finance minister Nirmala Sitharaman in the Union Budget 2023 on Wednesday. “The government proposes to increase income tax rebate limit from ₹5 lakh to ₹7 lakh in the new tax regime,” said Sitharaman. Finance Minister announced Mahila Samman […]
Visakhapatnam will be Andhra Pradesh’s new capital, chief minister YS Jagan Mohan Reddy said Tuesday afternoon as he pitched for investment in the coastal city. At an event in Delhi the YSR Congress chief said: “… I invite you to Visakhapatnam, which is going to be our capital in the days to come. I myself […]
India’s GDP will grow at a baseline value of 11% in nominal terms and 6.5% in real terms in 2023-24, according to the 2022-23 Economic Survey, which was tabled in Parliament on January 31. The survey, which pegged real growth in the rage of 6-6.8% depending on downside and upside risks, underlined the fact that […]
A seven-year-old girl allegedly hanged herself accidentally while playing with a piece of saree in Madhya Pradesh’s Anuppur district, police said on Tuesday.The incident took place in Pakaria village on Monday when the girl was playing outside her home while her mother was working inside, Kotma Police Station in-charge Ajay Baiga said. According to statements […]
Late Prime Minister Indira Gandhi had “allowed” militant leader Jarnail Singh Bhindranwale to grow into a sort of Frankenstein monster and decided to “finish him off” when he reached the pinnacle, claims Lt Gen (retd) Kuldeep Singh Brar who led the 1984 Operation Bluestar to flush out extremists from the Golden Temple. In the recent […]
President Draupadi Murmu lauded government’s decisions like abrogation of Article 370 and triple talaq, expressing her gratitude to citizens for electing a stable government for two consecutive terms. In her first address to Parliament as President, Draupadi Murmu said, “My government always kept the country’s interest paramount, showed the will to completely change the policy-strategy.” […]
Prime Minister Narendra Modi on Tuesday said that amid global economic turmoil, India’s budget would attempt to meet the hopes and aspirations of common citizens and be a ray of hope for the world.Addressing the media ahead of the Budget Session of Parliament, Modi said recognised voices in the world of economy are bringing positive […]
President Droupadi Murmu on Tuesday urged people to put in their best to build in the next 25 years a developed India connected to its past glory and containing every golden chapter of modernity.In her first address to the joint sitting of Parliament as the Budget session began, she said ‘Amrit Kaal’, described by the […]