Shares of Adani Group stocks will remain in focus as Nate Anderson has decided to disband short seller Hindenburg Research, the founder said in a statement Wednesday. 

“The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,” he wrote. “Nearly 100 individuals have been charged civilly or criminally by regulators at least in part through our work, including billionaires and oligarchs,” he wrote. “We shook some empires that we felt needed shaking.” “For now, I will be focused on making sure everyone on our team lands where they want to be next.”

US-based Warburg Pincus-promoted Shriram Housing Finance, subsidiary of Shriram Finance, has launched its new brand identity: Truhome Finance. The rebranding follows its acquisition by Warburg Pincus and its co-investors, including QIA, Qatar’s sovereign wealth fund, the company said in a statement. As part of the agreement, it said, Shriram Finance Group received an investment of Rs 1,225 crore, helping the company augment its net worth to over Rs 3,300 crore and marking a significant milestone in the company’s growth journey.

Welspun Corp has signed a pact with Saudi Aramco to establish a Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in Saudi Arabia. The facility, located in Dammam 3rd Industrial City, will have an annual production capacity of 350,000 MT and is expected to commence operations by mid-2026, the company said in a statement.

Exide Industries has made a Rs 149.99 crore investment in its subsidiary, Exide Energy Solutions Ltd (EESL), bringing the total investment to Rs 3,302.23 crore. This move strengthens its position in the EV battery market, catering to India’s expanding electric vehicle sector.

Swiggy has announced the formation of a new wholly-owned subsidiary, Swiggy Sports, focusing on sports and recreational activities. The Ministry of Corporate Affairs approved the incorporation of Swiggy Sports, marking a significant diversification effort for the food delivery giant. The main objects of the new incorporated entity would include engaging in sports team ownership, management, talent development, event organisation, and facility operation, offering career services, acquiring broadcasting and sponsorship rights, and promoting sports events through various business models etc

Rail Vikas Nigam Ltd (RVNL) has bagged a major contract from Bharat Sanchar Nigam Ltd (BSNL) worth Rs 3,622 crore. The project involves the creation, upgradation, and management of the Middle Mile network of BharatNet on Design Build Operate and Maintain (DBOM) Model.

Happiest Minds Technologies has partnered with Coca-Cola Beverages Vietnam to develop generative AI solutions aimed at improving operational efficiency and productivity. This collaboration highlights the growing role of AI in enhancing business performance across sectors.

RBL Bank has appointed Soma Sankara Prasad as an independent director for a term of four years, starting January 15, 2025. This leadership change is expected to bring fresh perspectives and strategies as the bank continues its growth trajectory.

Rashi Peripherals, among the leading national distribution partners for global technology brands in India, has announced its intent to acquire 70 per cent equity stake in Satcom Infotech Pvt. Ltd, a prominent distributor specialising in cybersecurity solutions. This strategic move expands RP Tech’s portfolio in the cybersecurity sector, further elevating its position as a leading, comprehensive ICT solutions provider in India.

GAIL India has informed the exchanges about a settlement with SEFE Marketing & Trading Singapore Pte Ltd in a pending arbitration case. The terms of the Settlement Agreement include payment of $285 million by SEFE Marketing & Trading Singapore Pte. Ltd. to GAIL (India) Ltd and withdrawal of arbitration proceedings before the London Court of International Arbitration

Results Calendar: Infosys, Reliance Industries, LTIMindtree, Axis Bank, Havells India, Metro Brands, Sterling and Wilson Renewable Energy, Mastek, Kesoram Industries, Alok Industries, Hatsun Agro Product, Spencers Retail, Plastiblends India, Waaree Renewable Technologies, Bhansali Engineering Polymers, Shekhawati Industries, Radhika Jeweltech, Mudra Financial Services, Khaitan Chemicals Fertilizers, D B Corp, Digicontent, Julien Agro Infratech, Pacheli Industrial Finance, Sanathnagar Enterprises, Last Mile Enterprises, Space Incubatrics Technologies, Decillion Finance, G.G. Automotive Gears, G G Engineering, Mahesh Developers, National Standard India, Onix Solar Energy, Sellwin Traders, Hawa Engineers, and Tti Enterprises.