Adani wins Rs 36,000-cr Mumbai project

After the Dharavi slum redevelopment project, billionaire Gautam Adani’s group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Photograph: Amir Cohen/Reuters Motilal Nagar I, II & III is one

Why IndusInd Bank shares tank over 27% on the bourses

IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management’s assurance failed to arrest the free fall of shares which

Sensex, Nifty pare gains to close lower on fag-end sell-off

Benchmark stock indices Sensex and Nifty closed lower in a volatile session on Monday dragged by selling in industrials and oil & gas shares. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex declined 217.41 points or 0.29 per cent to settle

Fitch removes Adani Energy from rating watch, first upgrade since US indictment

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its ‘Ratings Watch Negative’ list, the first upgrade by an international ratings agency since the US indictment. Photograph: Dado Ruvic/Reuters Fitch affirmed AESL long-term foreign and local-currency

Microsoft flags the risk AI development faces

The underrepresentation of women in the field of artificial intelligence (AI) poses a significant risk of perpetuating the prevailing societal biases into future technologies, according to a top Microsoft executive. Himani Agrawal, chief partner officer, Microsoft India and South Asia,

How the markets will fare this week

Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude

This will Likely Shape the Future of Pharma Inc

Indian pharmaceutical companies may have units abroad as part of “distributed manufacturing” across various locations, according to industry veterans. This may come about over the next five to 10 years. There will be more interdependence between research and development (R&D)

Sensex, Nifty end flat on trade war worries

Equity benchmark indices Sensex and Nifty surrendered early gains to close almost flat in a highly volatile trade on Friday as uncertainties over the global trade war sapped investor’s risk appetite. Snapping its two-day winning streak, the 30-share BSE Sensex

L&T announces one-day paid menstrual leave

In a first for a major corporate house, engineering, procurement and construction major Larsen and Toubro on Thursday announced a one-day paid menstrual leave for women employees. Photograph: Shailesh Andrade/Reuters The move will benefit about 5,000 women employees at the

Sensex rallies 610 points to reclaim 74,000

Benchmark stock index Sensex rallied nearly 610 points to reclaim the 74,000 mark while Nifty closed above 22,500 in their second day of gains on Thursday following heavy buying in Reliance Industries on easing crude oil prices. Photograph: Shailesh Andrade/Reuters