February, 2023 | The Oligo News- Part 2

The Reserve Bank hikes repo rate by 0.25% to cope with inflation. EMI becomes expensive.

Aishwarya09/02/2023

by Aishwarya09/02/2023

The Reserve Bank of India (RBI) on 8th Feb 2023 hiked the repo rate (the rate at which the RBI lends money to commercial banks) by 25 basis points (0.25%) to 6.50%. This means that...

Business & Economy

Adani Enterprises becomes the top gainer on the Nifty 50 index.

Aishwarya08/02/2023

by Aishwarya08/02/2023

Gautam Adani-led Adani Enterprises, the flagship company of Adani Group, was the top gainer on the Nifty 50 index gaining over 20 per cent in Wednesday’s trade. This led to significant reversal of losses which...

Business & Economy

Hike in milk price- Rs. 70 per liter, milk a luxury good in India ?

Tanirika Koripella07/02/2023

by Tanirika Koripella07/02/2023

In our everyday life, there are many things that differentiate between the rich and the poor. It is mainly determined by the things they spend on. However, there is one thing that is common for...

Nature & Environment Politics

The 7.8 magnitude earthquake took the lives of more than 5000 People in Turkey & Syria.

Aishwarya07/02/2023

by Aishwarya07/02/2023

Back-to-back earthquakes in the past 48 hours – over 5000 people have lost their lives and many people are injured in Turkey and Syria. Rescuers are striving to pull out survivors buried in debris after...

Business & Economy

After Credit Suisse & Citi bank, now Standard Chartered stops accepting Adani bonds as collateral.

Aishwarya06/02/202306/02/2023

by Aishwarya06/02/202306/02/2023

Adani Groups led by Gautam Adani is fighting the allegations of stock manipulation and accounting fraud after the New York based Hindenburg Research firm presented a lengthy research report accusing the conglomerate . Due to...

Business & Economy

Adani shares removed from Dow Jones sustainability indices.

Aishwarya04/02/202304/02/2023

by Aishwarya04/02/202304/02/2023

The Dow Jones Industrial Average(DJIA) also known as the Dow Jones is an index of 30 top American companies. Its origin dates back to the 1890s, it only held 12 stocks. The index was a...

Business & Economy

Impact of Hindenburg report : after Credit Suisse, Citi Bank Group halts lending against Adani group securities.

Aishwarya03/02/2023

by Aishwarya03/02/2023

Last month on 24th Jan 2023 Hindenburg Research, a NewYork based investor research firm, alleged that the Adani Group had engaged in a brazen stock manipulation and accounting fraud scheme. Though the Indian Conglomerate sent...

Business & Economy

Adani Enterprises shares crashed after Hindenburg report & Credit Suisse intervention, Rs.20000 Crs FPO calls off.

Aishwarya02/02/2023

by Aishwarya02/02/2023

After allegations of fraud by the Hindenburg Research report released on 24th Jan 2023 Adani’s reputation was in trouble. Now Credit Suisse has assigned zero lending value to Adani bonds, which means that Credit Suisse...

Month : February 2023

The Reserve Bank hikes repo rate by 0.25% to cope with inflation. EMI becomes expensive.

Adani Enterprises becomes the top gainer on the Nifty 50 index.

Hike in milk price- Rs. 70 per liter, milk a luxury good in India ?

The 7.8 magnitude earthquake took the lives of more than 5000 People in Turkey & Syria.

After Credit Suisse & Citi bank, now Standard Chartered stops accepting Adani bonds as collateral.

Adani shares removed from Dow Jones sustainability indices.

Impact of Hindenburg report : after Credit Suisse, Citi Bank Group halts lending against Adani group securities.

Adani Enterprises shares crashed after Hindenburg report & Credit Suisse intervention, Rs.20000 Crs FPO calls off.

Elderly Dalit Farmers Summoned by ED Amid Land Dispute with TN BJP Leader

U.S. Vetoes UN Ceasefire Resolution in Gaza, Drawing Criticism

Turkey Cuts Diplomatic Ties with Israel: Erdogan’s Landmark Decision and Its Global Impact

Worlds fastest train now in China, ahead of Japan

Rekha Sharma, National Women’s Commission Chairperson, Condemns Nitish Kumar but Remains Silent for 30 Days on Manipur Woman Paraded Naked.

Elderly Dalit Farmers Summoned by ED Amid Land Dispute with TN BJP Leader

U.S. Vetoes UN Ceasefire Resolution in Gaza, Drawing Criticism

Turkey Cuts Diplomatic Ties with Israel: Erdogan’s Landmark Decision and Its Global Impact

Worlds fastest train now in China, ahead of Japan

Rekha Sharma, National Women’s Commission Chairperson, Condemns Nitish Kumar but Remains Silent for 30 Days on Manipur Woman Paraded Naked.