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09/09/2022

Should India adopt the same policy?

09/09/2022

As per the company's filing with the

US Securities and Exchange Commission, "On August 31, 2022, we announced a plan to reduce our global headcount by approximately 20 per cent of our global full time employees. The headcount reduction is part of a broader strategic reprioritization by the company to focus on our top priorities, improve cost efficiencies, and drive toward profitability and positive free cash flow.

09/09/2022

FitchGroup unit CreditSights said it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by India's richest person, Gautam Adani, following a conversation with the management.

CreditSights's report late last month calling the conglomerate "deeply overleveraged" and flagging other risks had sent shares of many Adani companies down.

The debt research firm said in a report dated Sept. 7 that it had spoken with Adani Group's finance and other executives and reconciled some figures for Adani Transmission and Adani Power.

09/09/2022

Brahmastra, the first installment in the Ranbir Kapoor-Alia Bhatt starrer trilogy, has opened to tepid reviews from analysts and viewers.

Weak reviews have tanked shares of India's biggest theater chains, PVR and Inox.

The movie with an ensemble cast has been in the making for years and its budget is said to be 400 crore.

Source: Business Insider India