Stocks continue positive momentum
MUMBAI: Benchmark indices Sensex and Nifty surged in early trade on Thursday in tandem with a rally in global markets
Why did Hindenburg Research shut shop?
Hindenburg gained notoriety for its meticulous research into corporate fraud and malfeasance. From unraveling the smoke-and-mirrors tactics of Nikola’s electric trucks to shaking the foundations of India’s Adani Group, the firm wasn’t just a disruptor—it was a defender of market transparency. The $100 billion market value crash of the Adani Group alone demonstrated Hindenburg’s power to level the playing field in a world often dominated by opaque dealings and unchecked influence.
Hindenburg Research to shut shop
Short-sellers like Anderson, who managed his firm’s own money but not that of others, bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation.
RBI steps in: Daily VRR auctions starting January 16 to ease liquidity crunch
With the liquidity deficit, which has come about due to RBI’s intervention (aimed at ensuring gradual depreciation of the Rupee against the Dollar) in the forex market, estimated at about ₹2 lakh crore as on January 14, market players say the move couldn’t have come at a better time.
SpaceTech startup OrbitAID raises $1.5 Million in Pre-Seed round led by Unicorn India Ventures
The Company has recently tested its patented SIDRP on a zero gravity flight in Florida successfully. This test has further validated SIDRP’s capabilities for on-orbit mission critical steps including docking, refueling and proximity operations. This successful demonstration is a major milestone in SIDRP’s precision and accuracy in simulated space conditions taking the company a step closer to their mission of disrupting the outer space market.
Rupee recovers from record low to settle 17 paise higher at 86.53 against US dollar
Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds.
Tata Capital Limited Raises USD 400 Million through Maiden Issuance From International Bond Markets
The Company engaged with global investors in Hong Kong, Singapore and London. On the back of strong investor interest, the transaction was launched with an initial price guidance of UST + 125 bps. Following a strong book building, supported by high quality investors, the Company was able to tighten pricing by 33bps to UST + 92 bps.
RBI reallocates portfolios of deputy governors post Michael Patra’s exit
The monetary policy department, which was handled by Patra, has been allocated to M Rajeshwar Rao. Rao will also handle portfolios such Co-ordination, Department of Communication, Department of Economic and Policy Research, Department of Regulation, Department of Statistics and Information Management and Enforcement Department among others.
Wholesale inflation quickens to 2.37% in December
Biggest jump was observed for primary articles inflation as it touched to 6.02 per cent, from 5.49 per cent in November.
Stocks bounce back recover after falling in 4 sessions
India’s benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after four days of sharp decline amid value