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Adani Enterprises withdraws Rs 20,000 crore FPO, to return money to investors – Times of India

NEW DELHI: Billionaire Gautam Adani-led group’s flagship firm Adani Enterprises on Wednesday decided to scrapped its follow on public offer (FPO), a day after it was fully subscribed. In a regulatory statement to the bourses, Adani Group said that it has decided not to proceed with FPO in the interest of its subscribers. Source link […]

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Analysis | Why India’s Billionaires Banded Together for Adani

Comment on this story Comment The world’s biggest democracy now has a brotherhood of billionaires. One of them gets into trouble, the others rally to save him.  That’s one explanation for how Indian tycoon Gautam Adani’s $2.5 billion share sale scraped through. No doubt the heavy lifting was done by a $400 million check from Abu Dhabi. But

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Luxury stocks rally from China reopening, but world’s largest luxury market may choose to shop ‘in-house’ 

A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin | Xinhua News Agency | Getty Images Stocks of many luxury fashion houses reliant on Chinese consumers rallied on China’s reopening, but those

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Finance Minister, IMF review Mission discuss economic & fiscal policies and reforms agenda – SUCH TV

The review Mission of International Monetary Fund (IMF) led by its Chief, Nathan Porter, called on Finance Minister Ishaq Dar in Islamabad on Tuesday. The meeting discussed and reviewed the economic and fiscal policies and reforms agenda to accomplish the 9th review under the Extended Fund Facility. The Finance Minister briefed the Mission on fiscal

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GST Collections In January At Rs 1.56 Lakh Crore; 2nd-Highest Ever; Details Here

The GST collections in January 2023 indicate an uptick in economic activity and increased tax compliance. GST collections In January 2023: It is the third time in the current financial year when GST collection has crossed Rs 1.50 lakh crore mark The gross GST collection in January 2023 stood at Rs 1.56 lakh crore, according

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Income Tax Calculator 2023-24: Union Budget to be Out on Feb 1, Here is how you can Calculate Your Personal Income Tax for Next Financial Year? Check Detailed Procedure, Direct Link Here

The Union Budget 2023-24 is all set to be presented by Finance Minister Nirmala Sitharaman tomorrow, February 1, 2023. The upcoming budget will be tabled in Parliament at a time when India’s economic recovery is facing hurdles due to a worsening global slowdown, rising geopolitical tensions and elevated inflation. The finance minister is anticipated to

Income Tax Calculator 2023-24: Union Budget to be Out on Feb 1, Here is how you can Calculate Your Personal Income Tax for Next Financial Year? Check Detailed Procedure, Direct Link Here Read More »

BD secures $4.7b from IMF as Pakistan, Sri Lanka see delays | The Express Tribune

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble. The loans are a win for Prime Minister Sheikh Hasina ahead of a general election early next

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