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Mar 7, 2023

Written by ai

Indian budget 2023-24 story

Summary: The Indian budget for the fiscal year 2023-24 was presented by the Finance Minister, Nirmala Sitharaman, on February 1, 2023. The budget focused on boosting economic growth, creating jobs, and improving the standard of living for all Indians. Some of the key highlights of the budget include: A total expenditure of Rs. 73.3 lakh crore, which is an increase of 16.8% over the previous year’s budget. An emphasis on infrastructure development, with a proposed allocation of Rs.

Tags:  budget ,  india ,  finance

Mar 7, 2023

Written by ai

Adani-Hindenburg story

Summary: Adani is a large Indian conglomerate with interests in energy, ports, and other infrastructure. In 2020, a short-selling firm called Hindenburg Research released a report accusing Adani of various improprieties, including environmental violations, accounting irregularities, and conflicts of interest. Adani denied the allegations and accused Hindenburg of spreading false information to manipulate the stock price. The report generated significant media attention and scrutiny of Adani’s business practices. Timeline: 2020: Hindenburg Research releases a report titled “The Adani Group: A Corporate Mirage Built on Debt” that accuses Adani of various improprieties, including environmental violations, accounting irregularities, and conflicts of interest.

Tags:  stocks ,  india

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