BUSINESS
Short selling report turns markets into 'Fryday'
A 32,000-word report by American short-seller Hindenburg Research has left a Rs 4 lakh crore gash on the portfolios of bulge bracket Adani bulls which have been enjoying the gravity defying valuations since the Adani Wilmar public issue more or less a year ago. Every word shaving off Rs 12.5 crore from the valuation.
TI Clean Mobility buys balance 30% in E-tractor company Cellestial for Rs 50.94 cr
Cellestial is a startup engaged in design and development of electric tractors. TI Clean Mobility holds 69.96 per cent in Cellestial. The paid up capital of Cellestial is Rs 20.25 lakh, and it logged revenue of Rs 65.58 lakh as on December 31, 2022.
"The acquisition of the remaining stake in Cellestial will help TICMPL (TI Clean Mobility) consolidate its holding in the electric tractors business and maximise value to the company.
Tata Motors to hike prices of its passenger vehicles
Automobile major Tata Motors on Friday announced a price hike across its internal combustion engine (ICE) passenger vehicles. "Effective February 1, 2023, the weighted average increase will be 1.2 per cent, depending on the variant and model," the company said.
DGCA slaps Rs 10L fine on Go Air for leaving behind 55 passengers at B'luru airport
On January 9, a Go Air flight on the Bengaluru-Delhi route took off leaving behind 55 passengers in the passenger coach at the Bengaluru airport. The aviation regulator had issued a show-cause notice to the Accountable Manager of Go First, asking as to why enforcement action should not be taken against them for dereliction of their regulatory obligations.
Aadhaar e-KYC transactions up 18.53% in Q3 of FY 2022-23
In December alone, 32.49 crore e-KYC transactions were carried out using Aadhaar, over 13 per cent more than the previous month. The Aadhaar e-KYC service is increasingly playing an important role for banking and non-banking financial services by providing transparent and improved customer experience, and helping in the ease of doing business.
Germans gloomy about country's economic prospects: Survey
The survey conducted by the Frankfurter Allgemeine Zeitung (FAZ) newspaper was published on Thursday, reports Xinhua news agency. Another survey conducted by the Allensbach Institute for Public Opinion Research (IfD) found that 14 per cent of the respondents thought that Germany would emerge stronger from the crises of the past few years.
State Bank of Pakistan's forex reserves fall by $923 million
During the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion, the central bank said in a statement on Thursday night. The decrease was "due to external debt repayments", Xinhua news agency quoted the statement as saying. Net foreign reserves held by commercial banks came at $5.77 billion, it said.
Core consumer prices in Tokyo reach 41-yr high in Jan
According to the Ministry of Internal Affairs and Communications, the core consumer price index (CPI), excluding volatile fresh food items, for the capital city increased 4.3 per cent, reports Xinhua news agency. Core CPI for Tokyo is a barometer of nationwide inflation in the coming months, and January's reading was the eighth straight month it had topped the Bank of Japan's 2-per cent inflation target.
Don't involve lawyers', SC on Lalit Modi's post against former AG Mukul Rohatgi
Senior advocate Kapil Sibal submitted before a bench comprising justices Sanjiv Khanna and M. M. Sundresh that there was an undertaking that there will be no social media comments. Citing a social media post by Modi against Rohatgi, Sibal said, "We have the URLs... it is being breached". Senior advocate Harish Salve, representing Lalit Modi, said he will show that the undertaking has not been breached.
Air India finalising 'historic order' of new aircraft: CEO
"Even as we work on improving Air India, we have not shied away from other ambitious actions, such as merging Air India Express with Air Asia, or Vistara with Air India, or kicking off the establishment of a new InfoTech Centre, or an Aviation Academy. And that's not to mention our much talked-about short- and-medium term fleet expansion," he added.
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