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- Elon Musk again world’s richest person as Arnault’s LVMH sinks June 1, 2023Musk and the 74-year-old Frenchman have been neck-and-neck for the top spot this year in the Bloomberg Billionaires Index, a listing of the world’s 500 richest people.Arnault first surpassed Musk in December as the tech industry struggled and luxury showed resilience in the face of inflation. LVMH, which Arnault founded, owns brands including Louis Vuitton, […]
- Prioritise depositors over shareholders: RBI deputy governor M K Jain May 31, 2023
- Adani to raise $3.5 billion from share sale in 3 group cos May 31, 2023While boards of Adani Enterprises, the group's flagship firm, and Adani Transmission have already approved raising up to Rs 21,000 crore (over $2.5 billion) through share sales to qualified institutional investors, the board of Adani Green Energy is likely to do so for raising up to $1 billion in the next couple of weeks, sources said.
- Related-party deals: Auditor of Adani Ports flags concerns May 31, 2023As a result, it has issued a "qualified opinion" on the FY23 results. A qualified opinion means an audit report is not clean. In other words, an auditor has reservations about some transactions that prevents it from issuing an unqualified or clean report.
- Incentives at ONDC set to be revised May 31, 2023
- World’s largest grain storage plan: Centre to implement pilot project in 10 districts May 31, 2023Various schemes of the Ministries of Agriculture and Farmers Welfare, Consumer Affairs, Food and Public Distribution and Food Processing Industries have been converged
- Risks to 6.5% growth goal more evenly balanced now: CEA May 31, 2023Nageswaran cites sustained growth momentum across sectors along with rising private investments and public capex spending as offering buffers against external risks
- Centre's FY23 fiscal deficit narrows to 6.4% of GDP May 31, 2023
- French company Alstom to make 100 Vande Bharat trains with sleeper coaches May 31, 2023Hyderabad-based Medha Servo Drives was the other bidder for the aluminium-bodied Vande Bharat trains with sleeper facility
- Sebi proposes mandating additional disclosure for high-risk FPIs May 31, 2023The move comes after SEBI observed that some FPIs have concentrated a substantial portion of their equity portfolio in a single investee company. In some cases, these concentrated holdings have also been near static and maintained for a long time.