ADANI SALARY
Sebi pressured brokers to close Adani short positions, will file RTI: Hindenburg
US-based Hindenburg Research criticized Sebi's show cause notice alleging violations of Indian securities laws as "nonsense" and claimed it was concocted to fulfill a predetermined agenda. The investment management firm led by Nate Anderson is currently initiating the process of filing a Right to Information (RTI) request to obtain the names of Sebi employees involved in both the Adani and Hindenburg matters.
Hindenburg claims it hardly made money by shorting Adani stocks & bonds
Hindenburg admits revenue from Adani shorts, may barely break even. Responds to Sebi's show cause notice, highlights fraud risks, and calls out regulators for neglecting investor protection.
Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller's full response here
Adani-Hindenburg Case: US-based short-seller Hindenburg Research stated Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani. Instead it simply named the K-India Opportunities fund and masked the “Kotak” name with the acronym “KMIL”
Gautam Adani's salary in FY24 was lower than most industry peers, even his own top execs
Going by FY24 data, Gautam Adani's salary is less than the heads of almost all big family-owned business groups in India. His pay is way below those of Sunil Bharti Mittal (Rs 16.7 crore in 2022-23), Rajiv Bajaj (Rs 53.7 crore), Pawan Munjal (Rs 80 crore), L&T Chairman S N Subrahmanyan and Infosys CEO Salil S Parekh.
What to do with Paytm, HUL, Adani Green and 3 other stocks? Aamar Deo of Angel One decodes
Markets are inherently intelligent by nature and structure, and given the kind of election mandate, markets had factored in the anti-incumbency & challenges that the government would face in the elections.
Stock brokers push lending; InsuranceDekho’s latest acquisition
Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.
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Sensex ends 1,241 points higher: Key factors behind market rally
Sharp rally in Sensex can be attributed to the strong movement in Reliance Industries (RIL), which was the largest index contributor on the day. The stock price gained amid strong buying action in energy stocks in the aftermath of the Middle East crisis. Another market heavyweight HDFC Bank was instrumental in taking the market to day's highs. It was not only the volume topper but also contributed next to RIL.
India Inc acquires right expat-ise to scale new growth
Kotak Mahindra Bank, Vedanta, Larsen & Toubro, the Tata Group and the Adani Group are among large Indian conglomerates and companies that are bullish on expat talent, they said. There is also increased interest among these executives to work in India, given the opportunity for growth and experience this country offers, they said.
Mind the gap: Median female salaries at Nifty50 companies lag males' by a tenth
ET analysed the median salaries for male and female employees disclosed by Nifty50 constituent companies. Of the 50 companies, 43 disclosed this data in their FY23 annual reports. The median male salaries were higher than median female salaries in 31 of these companies. The median female salaries were, on average, 9.2% lower than the median male salaries.
Adani to pay 18% GST on staff cost dues to AAI; nothing for transfer of Jaipur International airport business
The AAI had approached the Rajasthan-bench of the Authority for Advance Ruling (AAR) seeking ruling on whether transfer of business to M/s Adani Jaipur International Airport Ltd is treated as supply as 'going concern' and whether GST is leviable on transfer of assets.
IIM Sambalpur student bags record salary of Rs 67.60 lakh from IT company
IIM Sambalpur said the average salary in top 10% stood at Rs 32 lakh, top 25% Rs 25 lakh and top 50% at Rs 21 lakh.
ETMarkets Smart Talk: Want to create wealth? Invest 30% of salary in debt & equity instruments: Raghvendra Nath
Indian markets shouldn't be severely affected by isolated news incidences, as the equity market will likely stabilise after two successful years, said Raghvendra Nath, MD at Ladderup Wealth Management. In terms of allocating funds for investment, Nath recommends 30% of salary should go into long-term equities, with a fixed income portion enough to cover one year of expenses and investments in gold for hedging.
Top offer and average salaries rise for Class of 2023 at IIM Indore
IIM Indore's final placement season for the class of 2023 saw a 132.6% rise in the highest domestic package offered at INR 1.14 crores. The average salary increased by 20.8% over last year to INR 30.21 lakh per annum, with a median compensation of INR 27.20 lakh per annum, a 12.9% rise.
Retail investors have started trading in F&O segment in a big way. Find out if these can work for you
Sebi studied trading data from top 10 brokerages and found that 89% of individual traders had suffered losses in the F&O segment. The average loss per individual retail investor was Rs.1.1 lakh during 2021-22. Find out if these can work for you.
Stock indices may move up higher next week: Vinit Bolinjkar
"Not factoring in any international events that are very disruptive, the indices are seen to move up higher next week," says Vinit Bolinjkar, Ventura Securities.
FMS, Delhi completes final placements with Rs 34.1 lakh average salary; top salary of Rs 1.23 crore
With consulting majors recruiting in record numbers, 27% of the candidates got placed in the Consulting domain. Prominent recruiters offering roles in this domain were Accenture Strategy, Aon Consulting, Bain & Co., BCG, Deloitte, Ernst & Young, Kearney, KPMG, PricewaterhouseCoopers, Synergy Consulting.
It does not pay to be bearish on India. It pays to be bullish & invested: Ramesh Damani
“The biggest myths people have is that equity should give linear returns. It should go up 12%-15% like a clock every year. Unfortunately that can and will never happen because if it happens, the stock market institution will cease to exist. It always goes between fear and greed and right now there is somewhat more pessimism than is warranted by the actual reality of the drama.”
Houses stalled as 15 opposition parties seek JPC probe
In an official AICC statement, general secretary (org), KC Venugopal, said, "The government cannot jeopardise the hard-earned money of people to profit the crony friends of the prime minister. LIC has invested ₹36,474.78 crore in the Adani Group. Whereas Indian banks together have invested ₹80,000 crore in the same, they continue to do so even when there are allegations of stock manipulation, accounting fraud and other malfeasance."
Leadership has moved from US to Europe and other markets including India: Devina Mehra
“One can have an asset allocation attitude but I do not see outside its risks in equities just now and also sentiment is a contra-indicator. When there is uncertainty, when people think things are going wrong, the next period returns are above average. One just compounds bad decisions by going with the flow and how everybody is feeling.”
RIL, Adani JV, 13 others put in EoIs for Future Retail
Reliance Retail Ventures, a subsidiary of Reliance Industries, in August 2020 announced its plan to acquire the retail, wholesale, logistics and warehousing business of Future Group for Rs 24,713 crore.
Reliance is India's best employer; in top 20 worldwide: Forbes
The oil-to-telecom-to-retail conglomerate, India's largest company by revenues, profits and market value, is ranked 20th and has 2,30,000 employees. It is the highest ranked Indian firm, above Mercedes-Benz of Germany, US beverage maker Coca-Cola, Japanese auto giants Honda and Yamaha, and Saudi Aramco.
Looking for Diwali Dhamaka? Not consumer durables, play it via logistics: Digant Haria
“I do not think insurance is a space where earnings growth is going to surprise you meaningfully. There are many more sectors like banking, NBFCs, autos, or capital goods where the earnings are going to be much higher. So the excitement is going to be there. I do not think excitement is going to be very high in insurance for the next one or two years.”
For salaried, SIPs still the best; HNIs can go for staggered deployment: Sunil Subramaniam
“FII selling is generally across the board. It is not coming and selling a specific sector. They are selling India and to that extent, we believe in good quality financial services banking stocks at reasonable valuations and that is what we are accumulating. Keep faith in equities because when the bounceback comes, it will help you with the gains.”
Adani pays ₹2,440 crore to AAI to take possession of 6 airports
AAI has also repaid some working capital loans it had taken last year to pay salaries from this one-time payment. The state-owned airport operator had to borrow to pay salaries of employees and took loans in different tranches from the SBI to meet its working capital requirements in 2020-21 as its earnings took a hit from the impact of Covid, Kumar said.
Reliance Industries on a hiring spree for new clean energy business
Executive search firms have been mandated to hire specialists in different segments of clean energy business from across geographies and McKinsey has been roped in to help prepare a blueprint for each of these businesses,
SGX Nifty up 52 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 52 points, or 0.36 per cent, higher at 14,584.50 in signs that Dalal Street was headed for a positive start on Wednesday.
Stocks in the news: Infosys, Wipro, Adani Enterprises, RCF, Dixon, Route Mobile and Apollo Tyres
HDFC Bank said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds.
Amazon, Flipkart… Meesho?
Meesho CEO Vidit Aatrey believes there are structural problems in Indian e-commerce as even today, fewer than a million small businesses are selling online.
Should you be bullish on metals and realty now?
Metals will continue to do reasonably well over the next six months to a year and a half, says Anand Tandon.
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