finance

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling

NEW DELHI (Reuters) – Shares of India’s Adani Group plunged on Thursday after market turmoil forced the conglomerate to abandon a significant $2.5 billion share offer, deepening its market losses to more than $100 billion and raising concerns about the potential systemic impact. The withdrawal of Al-Adani Company (ADEL.NS) The share sale was a dramatic …

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Broadcasting services Showtime and Paramount+ set to merge

Broadcasting services Showtime and Paramount+ set to merge

picture: PLAY_PH (Clash) Paramount’s new rebrand is in the works after CEO Bob Bakish announced that the company is merging Showtime and Paramount+. As part of the merger, Paramount+ will be renamed Paramount+With Showtime, which will be overseen by Tom Ryan. Meanwhile, Chris McCarthy will continue to oversee network operations for Showtime, a move Bakish …

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The Norwegian Wealth Fund records record losses of $164 billion

The Norwegian Wealth Fund records record losses of $164 billion

The loss in 2022 surpassed the previous record from 2008 Inflation and geopolitical tensions remain risk factors Record flow of funds from the oil and gas industry OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, ending a three-year streak …

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The sale of Adani's $2.5 billion shares faces a critical day after defeat

The sale of Adani’s $2.5 billion shares faces a critical day after defeat

NEW DELHI (Reuters) – Gautam Adani faces a critical day on Monday as the auction day of the $2.5 billion sale of shares of his flagship company is overshadowed by a $48 billion drop in the Indian billionaire’s shares, which was triggered by a US short seller’s report. . Seven listed companies belonging to the …

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Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Adani issued a 413-page rebuttal to the Hindenburg Report The short selling report in the US triggered a drop in Adani shares Al-Adani says he adheres to the laws, and the necessary disclosures Adani CFO is confident of the success of the $2.5 billion share sale NEW DELHI (Reuters) – India’s Adani Group on Sunday …

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FTX founder Bankman Fried objects to tighter bail, prosecutors say 'put him in a sandbag'

FTX founder Bankman Fried objects to tighter bail, prosecutors say ‘put him in a sandbag’

NEW YORK (Reuters) – Attorneys for Sam Bankman-Fried urged a U.S. judge on Saturday not to block the accused FTX cryptocurrency executive from communicating with former colleagues as part of his bail release, saying prosecutors had “sandbagged” their placement process. The client is in the “worst possible light”. The lawyers were responding on Friday evening …

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Microsoft is investing more in OpenAI as the technology race heats up

Microsoft is investing more in OpenAI as the technology race heats up

January 23 (Reuters) – Microsoft Corporation (MSFT.O) On Monday it announced an additional multibillion-dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc. (GOOGL.O) The Google. Recently touting an artificial intelligence (AI) revolution, Microsoft is building on a bet it …

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