THE MAN BEHIND THE $50 BILLION SELL-OFF
We began 2023 with a short-seller attack on the Adani group. The conglomerate, whose owner Gautam Adani was Asia’s richest man till that point, eventually saw about $107 billion of its market value being eroded. The report, titled “How The World’s 3rd Richest Man is Pulling The Largest Con in Corporate History" was published by Hindenburg Research, a New York-based firm. It made allegations of corporate fraud, stock manipulation and insider trading. Given the impact it made on one of India’s largest conglomerates, we decided to peel the layers of the onion of who exactly is behind Hindenburg Research. Here’s the story of Nathan Anderson, the founder of Hindenburg, by Varun Sood.
AN IIT DEGREE GUARANTEES A GREAT PAY CHEQUE. WRONG
For decades the idea of graduating from one of India’s prestigious government-run professional institutes, the Indian Institutes of Technology (IITs) meant that one could look forward to a successful career, deeply correlated to earning well. However, Devina Sengupta gave this long-held notion a reality check. Her piece explores the two tiers that plague the IIT brand name, the difficult choices of taking student loans to attend coaching classes and IIT itself, and what the majority of fresh graduates earn across various industries. The reality is many graduates, especially for the perceived lower tier, do not get a job on campus.
WHY PRAMILA DEVI USES HER SLIPPERS SPARINGLY
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Will routine investors in Indian stocks keep calm and carry on?
It's unclear how long equities can count on SIP-mutual-fund support if prices continue to weaken
Let corporate earnings lead the Indian market
How much further will our investor-population boom go? While retail demand for shares might have space for growth, let's not forget these assets are only as good as their earnings
BUCKET STRATEGY: A ROAD MAP TO FUND YOUR SUNSET YEARS
Circumstances change, so your strategy should adapt to align with risks and financial goals
Finding the best retirement strategy: MFs or NPS Tier-2?
Tata Pension Fund CEO Kurian Jose explains what makes NPS Tier-2 an attractive option
CYBERCRIME: WHEN THE 'CBI' AND 'ED' CALL YOU...
Social engineering scamsters have weaponized fear of the CBI, ED, police and Trai to defraud victims
Deliver food with 45 days' shelf life: FSSAI
Amid rising consumer complaints, Food Safety & Standards Authority of India (FSSAI) on Tuesday directed e-commerce players selling food items on their platforms to ensure a minimum shelf life of 30% or 45 days before expiry, at the time of delivery to customers.
Zydus Life reports strong Q2 growth
Zydus Lifesciences Ltd announced strong double-digit growth in line with estimates, on the back of sustained growth across its key businesses, in its consolidated financial results for the September quarter on Tuesday.
Mondelez FY24 net profit up 72%
Confectionery major Mondelez India Foods Pvt. Ltd posted a 71.85% increase in profit to â¹2,020.87 crore in FY24, according to the RoC filing from the beverages major.
DBS's next India CEO is Rajat Verma
DBS's India unit has nominated its head of institutional banking, Rajat Verma, to be the bank's new chief executive officer, two people familiar with the matter said.
Air India Express to reconfigure planes
Air India Express plans to start reconfiguration of planes having business class seats from April 2025, as the airline focuses on operating narrow-body planes with only economy class seats, according to a senior official.