Dr. Kiran Somvanshi is a data journalist at The Economic Times. She has been a part of the Economic Times Intelligence Group, the research wing of ET since the past 15 years - writing extensively on Indian companies especially in the healthcare and consumer goods sectors. Telling insightful stories from data is her forte with corporate governance, gender, corporate social responsibility and public policy being her prime areas of interest. Kiran is a Salzburg Global Fellow and has been a Fulbright Humphrey Fellow as well as a Chevening Fellow. Kiran has had short stints with the World Bank, UNDP and also collaborated on research published in the Brookings Institution. She has a PhD from TISS and is a qualified Company Secretary, Cost Accountant with a bachelor's degree in Law and Psychology. Twitter handle: @Kiran_ET
The Adani Group, now the country’s biggest conglomerate by market capitalisation, Friday completed the acquisition of Ambuja Cements and its listed subsidiary ACC and committed more funds through a record preferential allotment of stock, demonstrating the intent to cement the group's leadership credentials in India’s building-materials industry by 2030.
Prime Minister Narendra Modi called upon Shanghai Cooperation Organisation (SCO) member states to give transit access to each other in a message aimed at boosting connectivity to ensure resilient supply chains in the region.
Indian equities tumbled close to 2% on Friday, tracking weakness in global markets, as stronger-than-expected economic readings in the US raised expectations of aggressive rate increases by the American central bank at next week’s policy meeting. Warnings from the International Monetary Front (IMF) and the World Bank on the economic outlook added to market woes.
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