Mumbai, May 27 (IANS) Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor sentiment and easing regulatory concerns.The listed companies of billionaire Gautam Adani-led Adani Group have staged a strong comeback, erasing nearly all losses caused by the controversial 2023 short-seller report by Hindenburg Research.The combined market capitalisation o…

New Delhi, May 27 (IANS) India’s total foodgrain production increased by 5.3 per cent to an all-time high of 376.563 million tonnes in 2025-26 compared with the corresponding figure of 357.732 million tonnes for the previous year, according to the third advance estimates of major agricultural crops released on Wednesday. Union Minister for Agriculture & Farmers Welfare Shivraj Singh Chouhan said: “This marks the highest-ever foodgrain production in the country’s history. The estimates refl…

Ahmedabad, May 27 (IANS) Adani Electricity and the Adani Foundation on Tuesday announced the successful completion of a multi-day summer learning camp for BMC school students in Mumbai under the CSR initiative ‘Utthan’, designed to blend classroom education with real-life vocational exposure.The programme was aligned with the NIPUN Bharat Mission and the National Education Policy 2020, focusing on strengthening foundational literacy and numeracy (FLN) skills while helping children connect ac…

Mumbai, May 27 (IANS) The banking sector will play a transformative role in helping India achieve its Viksit Bharat vision by mobilising capital, promoting entrepreneurship and accelerating financial inclusion, State Bank of India Chairman C S Setty said on Wednesday.In his address to shareholders in the bank’s annual report, Setty said the sector would play a transformative role in mobilising capital, supporting infrastructure development, fostering entrepreneurship and driving financial incl…

New Delhi, May 27 (IANS) The Scheme for Promotion of Surface Coal and Lignite Gasification Projects, launched with a financial outlay of Rs 37,500 crore, marks a major step towards achieving the national target of gasifying 100 million tonnes (MT) of coal by 2030, to strengthen India’s energy security and reduce dependence on imports of key commodities such as LNG, urea, ammonia, and methanol, the government said on Wednesday.The Coal Ministry is gearing up to organise a roadshow on Thursday t…

Seoul, May 27 (IANS) South Korea’s overseas financial assets rose to a fresh record high in the first quarter, driven by increased direct investments in the United States, central bank data showed on Wednesday.The country’s external financial assets stood at US$2.88 trillion as of end-March, up $15 billion from three months earlier, according to preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.It marks the largest amount ever, though the pace of its growth slowed from th…

Seoul, May 27 (IANS) A labour union at Kakao, the operator of South Korea’s popular messenger service, and the company’s management began a second round of mediation with the Gyeonggi Regional Labor Relations Commission on Wednesday, industry sources said.The mediation procedures came after the two sides failed to narrow differences in the first round of wage talks held May 18, according to sources, reports Yonhap news agency.If the regional labour office decides to suspend the mediation, unioni…

Seoul, May 27 (IANS) Unionised workers at Samsung Electronics voted to approve a wage agreement, the union said on Wednesday, easing concerns about potential disruptions to the global supply chain.In the six-day vote, 73.7 percent of the 62,616 members of the tech giant’s two largest unions approved the tentative deal. The agreement was finalised after a majority of eligible voters took part in the vote and a majority voted in favour of the proposal, reports Yonhap news agency.The labour union a…

Mumbai, May 27 (IANS) Domestic equity markets traded on a muted note in early deals on Wednesday amid mixed global cues and a decline in crude oil prices.Sensex was trading at 76,050, up 40 points or 0.05 per cent in the morning session, while Nifty rose 20 points or 0.08 per cent to 23,932. Earlier, the benchmark indices opened at 75,939.86 and 23,880.35, respectively.Among sectoral indices, Nifty Metal emerged as the top gainer, climbing 1.59 per cent, followed by Nifty Cement, which advanced …

New Delhi, May 27 (IANS) Edtech firm Byju’s founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt after allegedly failing to comply with multiple court orders related to his assets, a report has said.Bloomberg reported that the Singapore court directed Raveendran to surrender to authorities, pay legal costs of S$90,000 ($70,500) and furnish documents proving his ownership of Beeaar Investco Pte, a corporate entity that held shares in a related compa…