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…
E-commerce giant Meesho has made significant strides in reducing its customer support costs, thanks to the integration of generative artificial intelligence (GenAI) into its operations. Sanjeev Barnwal, the founder and chief technology officer (CTO) of Meesho, revealed that the company has successfully automated 95% of its customer support chats, resulting in a remarkable 90% reduction in related…
This week’s IPO lineup includes the highly anticipated Saraswati Saree Depot Ltd on the mainboard and four SME issues aiming to raise a total of ₹257 crore from investors. Here’s a detailed look at the new public offers set to open for subscription.
Mainboard IPO
Saraswati Saree Depot Ltd
Issue Size: ₹160 crore
Subscription Dates: August 12 – August 14, 2024
Price Band: ₹152 to ₹160…
At the D23 Expo in Anaheim, Miley Cyrus made history by becoming the youngest recipient of the prestigious Disney Legend award. The accolade, given in recognition of her significant contributions to Disney’s legacy, was presented to Cyrus in an emotional ceremony that highlighted her transformative journey from child star to global pop icon.
The event was marked by a lively introduction from…
In the ever-evolving digital landscape, few have had as profound an impact on understanding internet trends as Mary Meeker. Her annual Internet Trends Reports have been pivotal in shaping the tech world’s strategic decisions for over two decades. From her early days as a stockbroker to becoming a leading venture capitalist and tech visionary, Meeker’s insights have been a cornerstone for…
The Association of Mutual Funds in India (AMFI) has voiced its support for SEBI Chief Madhabi Puri Buch, rejecting claims from the recent Hindenburg report that aim to “create a trust deficit in the market ecosystem.” The report, issued by US short-seller Hindenburg Research, alleged that SEBI’s perceived inaction against the Adani Group could be connected to Buch’s investments in offshore…
Coffee Day Enterprises Ltd (CDEL) experienced a significant drop in its share price on Monday, August 12, 2024, as the company’s financial troubles took a new turn. The stock tumbled 19.47%, hitting a day low of Rs 37.55, and was last seen trading 15.14% lower at Rs 39.57. This latest decline extends the company’s losing streak to three consecutive trading sessions. The fall in the stock price…
Wealthtech startup Infinyte.Club has successfully raised $3.6 million (INR 30.2 crore) in its seed funding round, spearheaded by Elevation Capital. The funding round also featured investments from a prominent group of angel investors, including Kunal Shah, founder of CRED; Vidit Aatrey, cofounder of Meesho; Gaurav Munjal, CEO of Unacademy; Sanket Shah, CEO of InVideo; Varun Dua, founder of ACKO…
