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Mumbai January 28 (IANS) Indias largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of Indias (RBIs) Large Exposure Framework and was secured by cash generating assets.
The statement comes at a critical juncture with markets tanking on the basis of a short selling report from Hindenburg Research with the Adani Group caught in a maelstrom losing Rs 4.18 trillion in market cap in two trading sessions. The report by US-based investment research firm Hindenburg Research alleged that the group was engaged in
Salesforce Inc. appointed three new board members on Friday as it battles a severe tech downturn and activist investors' pressure
Salesforce named three new independent directors on Friday. Cowen analyst Derrick Wood downgraded Salesforce stock last week.
Salesforce appoints new board directors amid activist investor pressure