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[ad_1] MUMBAI: Two months on from its explosive report into Gautam Adani ’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s empire chastened and reevaluating its ambitions. Hindenburg’s allegations of extensive, years-long corporate fraud at the Adani group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in plans to expand into new sectors, according to people familiar with the company’s inner workings. The group, which racked up one of India’s heftiest debt loads to fund fresh areas of growth, is pulling back from petrochemicals and is unlikely to go ahead with a planned $4 billion greenfield coal-to-polyvinyl chloride project in Mundra, western India, said the people, asking not to be identified on what are internal discussions. It’s also dialing back on ambitions to dive further into aluminum, steel and road projects, said the people. Instead, Adani — who has been closely associated wit...

[ad_1] Last Updated: March 10, 2023, 09:06 IST Stocks to Watch on Friday. Stocks to watch: Shares of firms like Reliance, Tata Motors, Wipro, Bank Of Baroda, HAL, and others will be in focus on Friday's trade. The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,473.50, down 144.5 points or 0.82% from the previous close. “The domestic market could hardly hold on to its previous gains as the Fed chair’s reaffirmation of his hawkish statement brought in more worries. In this backdrop, the upcoming US job data will have a substantial impact on the Fed’s policy decisions in its upcoming FOMC meeting. A stronger-than-expected jobs report will prompt the Fed to raise interest rates by 50 bps,” said Vinod Nair, Head of Research, Geojit Financial Services. Reliance Industries Reliance Industries group’s FMCG unit announced the relaunch of Campa Cola, alongwith two other flavors, almost 23 years aft...

[ad_1] Last Updated: July 31, 2023, 08:23 IST Stocks to Watch:  Nifty futures traded 26 points, or 0.13 per cent, higher at 19,816, signaling that Dalal Street was headed for a positive start on Monday. Here’s a slew of stocks that will be in focus today for various reasons. Results Today: Shares of Maruti Suzuki, Adani Green, Power Grid, GAIL, Adani Transmission will be in focus today as they gear up to announce their first fiscal quarter earnings results. TCS: The new CEO of TCS, K Krithivasan, has revamped the operating structure for senior management and changed some of the SMP (senior management personnel) members. It also elevated Harrick Vin as the new chief technology officer and Abhinav Kumar as the interim head for marketing. SBI Cards: SBI Cards and Payment Services reported a slide in first-quarter profit as elevated credit costs and margin compression offset growth in revenue. Profit after tax for the June quarter fell 5.36% to Rs 5.93 billion. IDFC First Bank: ID...

[ad_1] Apple Inc 's market capitalisation on Friday breached the $3 trillion mark again, as investors bet on the iPhone maker's ability to grow it's revenue even as it explores new markets such as virtual reality. Shares of Apple, which is also the world's most valuable listed company, were up 0.9% at $191.4 in morning trading. Apple's market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022, before closing the session just below that mark. The latest gains in Apple shares come as technology stocks rebound on bets that the Federal Reserve may be slowing its pace of interest rate hikes as well as on the buzz around artificial intelligence. [ad_2] Source link https://worldnews2023.com/business/apple-market-cap-apples-market-value-breaches-3-trillion-mark-again-international-business-news-times-of-india/?feed_id=8405&_unique_id=649ef3caf2e34