Sky News can exclusively reveal that the Ambani family, who have a fortune estimated to be tens of billions of dollars, triumphed in a live three-way auction conducted by the England and Wales Cricket Board (ECB) on Friday. The price that the Ambanis agreed to pay for the ECB stake was unclear, although sources said...
Bajaj Finance Ltd reported an 18 percent year-on-year (YoY) rise in its consolidated net profit for the third quarter of FY25 at Rs 4,308 crore, surpassing analysts’ estimates, supported by a robust increase in assets under management. A Bloomberg poll of analysts had projected a lower net profit of Rs 4,136 crore. Bajaj Finance’s net...
A tech selloff fuelled by Chinese AI developer DeepSeek wiped off a combined $108 billion from the world’s 500 richest people’s wealth, led by Nvidia Corp. co-founder Jensen Huang. According to Bloomberg data, billionaires with fortunes linked to artificial intelligence emerged as the worst losers. Hunag’s fortune declined by 20% or $20.1 billion while Oracle Corp. co-founder...
India reportedly brought home investments commitments totalling over ₹20 lakh crore from the five-day World Economic Forum Annual Meeting which concluded on Friday, reported news agency Union minister Ashwini Vaishnaw, led the largest ever Indian delegation to the forum, with five Union ministers, three chief ministers and several other state leaders. Vaishnaw said that trust and...
Indian benchmark indices ended on a weak note with Nifty around 23,000 on January 21 amid selling across the sectors. At close, the Sensex was down 1,235.08 points or 1.60 percent at 75,838.36, and the Nifty was down 320.10 points or 1.37 percent at 23,024.65. The markets experienced a volatile session on Tuesday, ultimately closing...
The rich and powerful from across the world will assemble for five days beginning Monday (January 20, 2025) for the World Economic Forum (WEF) Annual Meeting 2025. The annual confluence in Davos, Switzerland, brings the biggest names in the world from business to government to civil society to art and culture and a lot of...
VinFast Auto India debuted its first electric SUVs for the Indian market, the VF 7 and VF 6. BMW India introduced the MINI Cooper S John Cooper Works Pack and BMW X3, with ex-showroom prices starting at Rs. 55,90,000 and Rs. 75,80,000, respectively. BMW Motorrad India launched the BMW S 1000 RR at an introductory...
Adani group stocks were ruling higher in stock market trade on Thursday, January 16, 2025. Adani group stocks surged up to 9 per cent intraday after short-selling firm Hindenburg Research, infamous for its report against the group, said it has wound up its operations. On the bourses, Adani Power share price surged 9.2 per cent (Rs...
Hindenburg Research, the US-based short seller that had targeted several business entities including the Adani Group, is going to be disbanded, founder Nate Anderson has said. “I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on,” he said...
Shares of all 11 listed Adani Group firms rallied in early trade on Tuesday, with Adani Power surging 19 per cent and Adani Green Energy gaining about 14 per cent. While Adani Power rose to Rs 535 per share, as trading volume surged 11 times its 30-day average, Adani Green Energy increased to Rs 119...