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Profit at Adani’s flagship up 117% on rapid expansion

Adani Enterprises Ltd., the flagship firm for billionaire Gautam Adani’s conglomerate, posted an almost 117% rise in quarterly profit, giving it more firepower to boost investments in numerous new businesses it’s nurturing. The Ahmedabad-based company reported a net income of 4.6 billion rupees ($55.5 million) for the quarter ended Septmeber 30, it said in a filing on Thursday, compared to ...

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Whatever you do, don’t mention rate pivot

Daniel Moss It seems 2023 is arriving early. The race to raise interest rates to levels that have a hope of quelling inflation is entering a less punishing phase. It may be only a slight stretch to say the end of the most rapid monetary tightening in at least a generation is coming into view. Here’s hoping the troubled world ...

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Democrats hate him, but Musk can be their savior

Joshua Green Elon Musk took control of Twitter on Friday, adding to the growing misery of Democrats heading into the midterm elections, not least because he’s made clear he’ll probably allow Donald Trump back onto the platform. A person familiar with the situation told Bloomberg News that Musk “intends to do away with permanent bans on users because he doesn’t ...

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