Global index provider MSCI has announced significant changes to its India Index for August, adding seven stocks while removing one. The additions include Rail Vikas Nigam Limited (RVNL), Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial Services, and Zydus Lifesciences. Bandhan Bank will be the sole stock removed from the index. Additionally, MSCI will be increasing…
The Intergovernmental Panel on Climate Change (IPCC) has underscored the critical role of carbon removal in achieving global climate targets, revealing that all scenarios to limit warming to 1.5°C depend on this approach. Carbon removal, encompassing both natural methods like reforestation and technological solutions such as direct air capture, is increasingly recognized as essential for meeting…
Universal Music Group (UMG) has secured an expanded licensing agreement with Meta Platforms, allowing its vast catalog of music to be used and shared across Meta’s suite of platforms, including WhatsApp for the first time. This new multiyear global deal will see songs from UMG’s top artists, such as Taylor Swift, Adele, and Elton John, featured across Meta’s network, which encompasses…
Alphabet’s Google will host its annual Made By Google launch event on Tuesday, where major announcements are expected. The event will feature the introduction of Google’s latest smartphones, the Pixel 9 Pro and Pixel 9 Pro Fold, marking what the company describes as the dawn of a “new era of phones.” These new devices are anticipated to bolster Google’s position against Apple’s…
The Ministry of Corporate Affairs (MCA) website reveals that Agora Advisory, the consultancy co-founded by Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch and her husband Dhaval Buch, is listed as “active.” This contradicts Puri Buch’s assertion that the company became dormant upon her appointment to Sebi.
Hindenburg Research accessed data indicating that Agora…
Amid ongoing controversy sparked by Hindenburg Research’s report, global investors are increasingly calling for the resignation of Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch. The call comes in response to allegations that Buch and her husband had stakes in an offshore fund linked to the Adani Group, which allegedly inflated Adani stocks in the past.
Hindenburg…
HealthCRED, a B2B healthcare financing startup, has raised $1.2 million in seed funding led by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India. The funding round also saw contributions from angel investors such as Subho Ray, President of the Internet and Mobile Association of India (IAMAI), and Nitin Gupta, CEO of Uni Cards.
The new capital will be used to expand HealthCRED’s…
A recent report by US-based short-seller Hindenburg Research has disclosed that mutual funds have invested nearly $5 billion (Rs 41,814 crore) across 10 Adani Group companies. The report indicates that except for New Delhi Television (NDTV), mutual funds have invested in every listed Adani Group company.
The investment breakdown shows that Adani Ports and SEZ has the highest mutual fund exposure…
In the wake of Hindenburg Research’s explosive report implicating high-profile figures in financial misconduct, 360 ONE (formerly IIFL Wealth) has issued a comprehensive rebuttal to address allegations regarding its investment activities. The company, which manages multiple funds, has firmly denied claims that its IPE-Plus Fund 1 was involved in any investments related to the Adani Group…
Baldev Prakash, the Managing Director and CEO of Jammu & Kashmir Bank, has been instrumental in driving significant changes within the institution since assuming his role on December 30, 2021. In an exclusive interview with Manojit Saha in Mumbai, Prakash shared insights into the steps taken to address governance issues and enhance compliance at the bank.
Governance and Compliance…
