Bloomberg

Sebi probe faults Adani group on disclosure rules.

The ports-to-power conglomerate had denied wrongdoing in January

Edtech: giant Byju's seeks to raise $1 billion to stave off investor revolt

The education startup is offering benefits to the potential investors, including preferential treatment in the case of liquidation, the report said

Test - India's gold demand in Jan-Mar drops by 17% due to high prices: WGC

Sharp rise in gold prices and volatility combined with fewer auspicious days to trigger consumption, has led to many households deferring buying perhaps in anticipation of a downward price correction

Can India realise its demographic dividend & outperform an ageing China?

In a world-historical shift, India is surpassing China to become the world's most populous country. But the question often heard in recent days - whether India can realize its demographic dividend?

All you need to know about the richest Indian families and their wealth

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

India's Enron Moment? Gautam Adani slips to No 30 among the top rich

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by USD 80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has denied allegations, calling them "malicious", "baseless" and a "calculated attack on India". SELL-OFF: Since the Hindenburg report, the .

Gautam Adani, and Mukesh Ambani are the top wealth losers this year

According to the Bloomberg Billionaires Index, Adani's wealth has eroded by more than $78 billion this calendar year

Media mogul Bloomberg likely to buy Dow Jones or Washington Post: Report

Axios said Bloomberg would be interested in a potential acquisition of either companies, but Dow Jones would be a stronger target

Revlon lenders to seek rehearing after Citigroup's $500 mn victory

Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back

Apple 'Far Out' event today: Here's what users expect from Watch Series 8

Apple is likely to introduce a body temperature sensor in the new Watch series, a feature that can help people with fertility and sleep tracking

Broking houses cut target price for RIL after disappointing Q1 show

Steepest cuts from Citi and Morgan Stanley; stock sheds 3.33% to end at Rs 2,420

Google co-founder Brin orders sale of Musk investments after affair: Report

Google co-founder Sergey Brin instructed his advisers to sell his personal investments in Elon Musk's companies in recent months after learning that he had a brief affair with his wife

Wipro's Q1 net profit declines 21% over acquisitions, talent cost

Despite a below-expectation showing, IT major expects double-digit growth in FY23

Recession angst spurs pivot to emerging world's growth engines

Central Asia and Asia Pacific are the only two regions in emerging markets handing local-currency bond investors positive returns this month, according to a Bloomberg index

Banks' Q1 net profit growth estimated at 47% as lending stays strong

According to Bloomberg's data on analysts' estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially

WeChat shuts Bloomberg's financial news account over regulation violation

Tencent-owned WeChat said it had received "complaints" about Bloomberg's "Daybreak" account, which posts global market updates, reports South China Morning Post

Ray-Ban's billionaire owner Leonardo Del Vecchio passes away at 87

Raised in a Milan orphanage, Del Vecchio struck out from the northern city to set up shop in the town of Agordo, in the Alps north of Venice, starting off as a small supplier of frame parts

Media properties become profitable in 4-6 years: The Quint's Bahl, Kapur

In a Q&A, Raghav Bahl and Ritu Kapur tell what it takes to build a digital news business in India

More women in boardrooms mean better climate change policy, study says

Firms, including electric utilities and oil producers with 30% or more of director roles filled by women, typically score better on environmental disclosures.

PM Narendra Modi to address 3rd Annual Bloomberg New Economy Forum today

Prime Minister Narendra Modi will deliver an address at the third Annual Bloomberg New Economy Forum on Tuesday at 6