BENGALURU (Reuters) – India’s Gautam Adani lost the title of Asia’s richest man on Wednesday, as his group’s shares plunged to $74 billion after a short-selling report. A report by Hindenburg Research last week alleged improper use of offshore tax havens while raising concerns about the high debt and valuations of seven Adani-listed companies. And …
Jan 31 (Reuters) – US chip maker Advanced Micro Devices (AMD.O) On Tuesday, it reported revenue that beat Wall Street targets and said it expects business to pick up in the second half, spurring investors who saw the company profit from rival Intel. Shares rose about 1.5% in after-hours trading. Although AMD’s expectations were lower …
AMD’s revenue beat targets, and Wall Street was relieved after Intel’s bleak outlook Read More »
WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) It revealed on Tuesday that it had received requests from the US Department of Justice for documents related to its fully autonomous driver-assistance and autopilot systems as regulatory scrutiny intensified. Reuters reported in October Tesla is under criminal investigation On claims that the company’s electric cars can …
MUMBAI (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion sale came close to being fully subscribed on Tuesday as investors poured cash after a turbulent week for his group, in which its shares plunged due to a scathing short-selling report. Sell secondary stock to Adani Enterprises (ADEL.NS) It was 85% subscribed on Tuesday, including the …
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 …
The sale of Adani’s $2.5 billion shares faces a critical day after defeat Read More »
fate bungee Largely since Rise of Iron, Destiny 1’s final expansion, players have been wondering when SIVA, a plague of nanomachines created by Warmind that devoured many Iron Lords, will return to the game. The answer, it seems, is never. According to a new interview, Bungie sees SIVA’s story introduced and concluded in Rise of …
“Destiny 2” has been done with SIVA, likely forever Read More »
MUMBAI (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) It sank nearly 20% on Friday as a scathing report from a US short seller triggered a rout in the conglomerate’s listed companies, casting doubt on how investors will respond to the company’s record $2.45 billion in secondary sales. Seven companies included in the Adani Group …
Jan. 26 (Reuters) – Elon Musk has a Tesla playbook (TSLA.O) He headed into what he believes will be a “serious” recession: cutting costs on everything from parts to logistics, while keeping pressure on competitors with cut-off sticker prices. On a conference call to discuss Tesla Fourth quarter resultsMusk and other executives have outlined plans …
Musk sums up Tesla’s recession playbook: Cost Recovery Read More »
Jan. 25 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Wednesday that aggressive price cuts have ignited demand for its electric cars, alleviating concerns that the weak economy could stifle buyer interest. The company slightly beat Wall Street targets for fourth-quarter revenue and earnings earlier on Wednesday despite a sharp drop in …
BENGALURU (January 25) (Reuters) – Hindenburg Research said on Wednesday it had held short positions in India’s Adani Group, accusing the group of improperly extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. The report that comes days before a $2.5 billion Share offering by flagship company …
