A beaming Gautam Adani stood beside Israeli Prime Minister Benjamin Netanyahu on Tuesday, looking relaxed as hundreds of people gathered for the ceremonial signing at the Haifa Port, which the Indian billionaire is co-developing.

The 60-year-old tycoon had reason to be buoyant: last-minute bids had helped the flagship of his ports-to-power empire close a record $2.5 billion share sale despite a searing short seller attack that triggered a stock rout.

JK Tyre and Industries, one of the largest tyre manufacturers in India, on Friday posted a consolidated net profit of Rs 66.75 crore during the October to December quarter of 2022-23, up 24 per cent from Rs 53.92 crore during the same period last financial year.

The company’s total income during the quarter was seen up by 17 per cent to Rs 3,622.62 crore, as against Rs 3,083.95 crore during the third quarter of 2021-22.

Delhi’s air was polluted all of January, a crisis made worse since last year due to fog, calm winds and low temperatures.

Average monthly air quality index (AQI) was 311, data from the state-run Central Pollution Control Board (CPCB) showed. AQI was 279 in January 2022.

AQI measures the concentration of poisonous particulate matter PM2.5, which can cause cardiovascular and respiratory diseases such as lung cancer, in a cubic metre of air.

Tata Sons, the parent company of the Tata group, is looking for a way to get exemption from an RBI notification that included it among the top 10 NBFCs in terms of asset size, The Economic Times reported Friday.

Citing people aware of the matter, the report said the Reserve Bank of India has also included Tata Sons among 16 NBFCs in the upper layer (UL).

Delhi BJP working president Virendra Sachdeva claimed that Chief Minister Arvind Kejriwal renewed his attack on Lt. Governor (L-G) Vinai Kumar Saxena to "divert media focus" from the Enforcement Directorate chargesheet, which alleged that the AAP "misused liquor scam kickback cash" in the Goa Assembly elections.

Sachdevaha said that Chief Minister Kejriwal is "creating a constitutional crisis in Delhi by continuously making irresponsible comments against the L-G".

Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge called for a meeting of opposition parties on Friday to chalk out a strategy over research group Hindenburg's report on the Adani Group

Both Houses of Parliament were adjourned on Thursday as the opposition demanded an investigation by the Joint Parliamentary Committee (JPC) on the new revelations.

Shares of Adani group companies continued their downward spiral with 7 out of 10 companies locked at their respective lower circuits on the BSE on Friday at 09:34 AM.

Among individual stocks, Adani Enterprises, the flagship group company, was locked at the temporary lower circuit of 15 per cent at Rs 1,330 on the BSE. The stock trades in the futures & option (F&O) segment, which has no circuit limits.

Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this week's robust report from rival General Motors Co.

Ford blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.

Under fire following allegations of fraud and stock manipulation, the Adani group has received another jolt from the US markets. The group's flagship company Adani Enterprises has been removed from the Dow Jones Sustainability Indices effective February 7.

According to a note issued by S&P Dow Jones Indices, home to iconic financial market indicators, the decision to remove Adani Enterprises was taken "following a media & stakeholder analysis".

Citigroup Inc.’s wealth arm has stopped accepting securities of Gautam Adani’s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon’s finances following allegations of fraud by short seller Hindenburg Research.

The US lender’s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani’s beleaguered empire becomes further engulfed in crisis.

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