LIC Doubles Down on Adani Amid Hindenburg’s Fraud Claims

LIC Doubles Down on Adani Amid Hindenburg’s Fraud Claims

LIC is an investor in five Adani companies, with stakes ranging from 1% to 9% that was worth a total of 722.68 billion rupees on Jan. 24 — just before the Hindenburg report was published. India’s largest life insurer is plowing more money into Gautam Adani’s flagship...
Spotify Planning Layoffs As Soon As This Week To Cut Costs

Spotify Planning Layoffs As Soon As This Week To Cut Costs

Spotify laid off 38 people from its Gimlet Media and Parcast podcast studios in October, as well as podcast editorial employees in September. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report. Spotify Technology SA is...