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Articles for Finance

Moody's Changes Outlook Of Four Adani Group Cos To 'Negative'

These rating actions follow the significant and rapid decline in the market equity values of the Adani Group companies following the recent release of a report from a short-seller highlighting governance concerns in the Group

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ArcelorMittal's Q4 Net Income Falls 93% To $261 Mn

ArcelorMittal reported that its net income in the fourth quarter of 2022 was USD 261 million, a significant drop from the previous year's 4Q net income of USD 4,045 million

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Hindalco Reports 63% Decline In December Quarter Profit Due to Increased Operating Costs

The company reported a consolidated profit after tax of Rs 3,675 crore in the same quarter the previous year, according to a regulatory filing

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Norway's Sovereign Wealth Fund Divests Remaining Stake In Adani Cos

The fund had previously sold its shares in five Adani companies since 2014 and, as of the end of 2022, it still held investments in three, including Adani Ports

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Nearly 94% Employees Believe Trust Impacts Performance: Survey

And only 6 per cent said it’s “somewhat important” to their organisation’s performance

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Celebrity Cricket League Reloaded Returns

This season will feature teams from 8 different parts of the country, giving the league a pan-India presence

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Tata Steel Posts Rs 2,502 Bn Loss In Q3

In the same time the previous year, the company reported a net profit of Rs 9,598.16 crore, according to a regulatory filing

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India Pesticides Posts 19% Drop In Q3 Net Profit

The company posted a jump of 27.2 per cent YoY in its revenue to Rs 697 crore while its Ebitda was at Rs 165 crore during the reviewed quarter

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"Ready To Speak On President's Address But First...," Kharge On Adani Issue

Accusing the Centre of avoiding a discussion on the Adani issue in the parliament, Kharge said, "They do not want this matter not to be raised or discussed".

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Total Vehicle Retail Sales Grew 14% In Jan 2023: FADA

Passenger vehicles grow 21.92 per cent to 3,40,220 units in January 2023, against 2,79,050 during the same month in 2022

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