Rumors

Bajaj Finserv Confirms Allianz Mulling Departure From Insurance Joint Ventures, Shares Dip 2%
|Discussions are still in the early stages, and there is currently no proposal before the company's board or its insurance subsidiaries regarding this matter, the statement added.
Zoho's Vembu Refutes Rumours Of ₹3,000 Crore Investment In Odisha Semiconductor Venture
|Zoho Corp. denies reports of investing ₹3,000 crore in Odisha semiconductor venture. CEO clarifies proposal is still pending.
Adani Group Threatens Legal Action Against Fake Press Release About Kenya That Fooled Supreme Court Lawyer
|The report apparently claims to address the company's presence in Kenya, where the company recently won a $1.3 billion (₹10,904 crore) power transmission deal despite facing backlash from unions and the opposition over the transfer of management of the country's primary airport to the company.
HPCL Confirms Talks With Norway's Equinor, Shares Trade Flat
|The market regulator has also asked BPCL to clarify. The company has not replied yet.
Are The New Adani Allegations Dragging LIC's Share Price Lower?
|LIC increased its stake in the group flagship Adani Enterprises to 4.07% in the April to June period up from 3.93% in the previous quarter.
Adani Stocks Nosedive As Hindenburg's New Report Drags SEBI Chief Into Scandal
|The Buchs explained that their decision to invest in the fund was influenced by the involvement of Anil Ahuja, the Chief Investment Officer, who was a childhood friend of Dhaval Buch.
Mahindra & Mahindra Denies Reports Of $3B Investment With Shaanxi Automobile Group
|Indian automotive giant Mahindra & Mahindra has refuted claims of a proposed $3 billion investment with China's Shaanxi Automobile Group.
Here's What To Expect From LIC's Q1 Earnings
|The anticipated increase in the value of its new business (VNB) could stand in the range of 17% to 37% compared to the corresponding quarter of the previous fiscal year.
CDSL Refutes Claims Of Fraudulent Share Sale
|CDSL dismisses social media rumours of share sale, calls it fraudulent. Advises investors to rely on verified sources and ignore market speculation.
HDFC Bank Denies 'Frivolous' And 'Inappropriate' Reports Of Selling ₹1 Lakh Cr Builder Loan Book
|The bank released a statement late on Sunday, denying the allegations made in the article published two days earlier. HDFC Bank clarified its intention to maintain a robust presence in builder financing, a sector where it commands a sizeable market share.
M&M and JSW Group Vie For Slice Of Skoda India Business As Czech Carmaker Eyes Profit Boost: Report
|Skoda Volkswagen has struggled with market share growth and local manufacturing. Aligning with Mahindra or JSW could address these issues, potentially increasing profitability and sustainability.
'There Has Been No Breach:' Bharti Airtel Denies Reports Of Data Leak Of 37.5 Cr Customers
|Telecom operator Bharti Airtel denies reports of 37.5 crore customer data being hacked and put up for sale on the dark web.
Wipro Refutes Reports Of Bagging Multi-Million Dollar Contract With Standard Chartered
|In a recent regulatory filing, Wipro has categorically denied the rumours of securing a multi-million dollar deal with Standard Chartered.
LIC Refutes Reports Of Planned Foray Into Health Insurance
|The Life Insurance Corporation of India (LIC) has issued a clarification stating that it does not currently have any formal plans to enter the health insurance market via a purchase of a private health insurer.
Adani Green Energy Shares Gain On Reports Of $1B Sri Lanka Investment
|The projects will not just be Sri Lanka's largest renewable energy project but also the nation's biggest power project to date.
Paytm Denies News Of Adani Acquisition, Shares Hit Upper Circuit
|One 97 Communications, the parent company of Paytm, has dismissed the speculation about the Adani Group acquiring a stake in the company.
Tata Power To Secure $1B Loan For Renewable Energy Initiatives: Report
| Tata Power's move to secure this substantial loan is aimed at bolstering its green energy initiatives. This comes as India is making significant progress towards its ambitious renewable energy targets.
Paytm Shares Climb Nearly 5% After Clearing Air On 'Factually Incorrect' Report On Loan Guarantees
|One 97 Communications Ltd. shares were trading 4.74% higher at ₹348.80 on Friday morning, shortly after markets opened for trading.
After Disney Merger, Reliance Now Set To Acquire Paramount's Stake In Viacom18
|Paramount's decision to offload assets, including its Simon & Schuster publishing arm, is part of a broader strategy to lighten its debt load.
Alkem Labs Refutes Tax Evasion Claims, Shares Recover From 12% Plunge
|The company highlighted its cooperation with the Income Tax Department officials during their survey proceedings in September 2023. It said it has also responded to certain queries from the IT department following the survey.
Adani And Uber Team Up For Large-Scale EV Adoption In India: Report
|Adani Group's $100 billion investment in India's green energy over the next decade, along with plans to increase solar manufacturing, further underscores the strategic importance of this partnership.
Volkswagen May Team Up With This Indian Conglomerate To Make EVs In India
|Volkswagen is contemplating divesting its stake in its Indian subsidiary, Skoda Auto Volkswagen India, as it seeks to partner with another automaker in India to produce EVs, as per reports.
Tata Neu Gears Up To Challenge Swiggy, Zomato In Online Food Ordering
|The Tata Group's super app, Tata Neu, is set to make its foray into the online food ordering sector, marking a significant shift for traditional Indian corporate houses.
Could PB Fintech Be The Next Paytm? Here's Why Shares Are Tanking
|Billionaire Azim Premji's private equity fund, Premji Invest, and foreign venture capital investor Claymore Investments (Mauritius) recently divested stakes in PB Fintech via open market transactions.
Paytm Shares Rebound After 3 Sessions Of Pain: Is the Nightmare Over?
|The stock has lost nearly 40% of its value since the RBI curbs were announced last Wednesday.
Jio Shares Slump 8% After Denying Paytm Wallet Acquisition Rumours
|Jio Financial Services shares crashed sharply on Tuesday after the company surged up around 14% on Monday.
Paytm In Talks To Sell Off Wallet Biz To Jio Or HDFC Amid Regulatory Heat: Report
|The ban, imposed on January 31, has prompted Paytm to consider strategic alternatives, including discussions with interested parties to offload its wallet business.
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