Shivam Saklani

Lakshmi Mittal is a noted personality worldwide in the steel industry and was born on June 15, 1950 in Sadulpur, Rajasthan. He comes from a business family which was engaged in steelmaking and commerce.   He completed his qualifications in Commerce, graduating as a Bachelor from St Xavier's College in Kolkata, after which he joined the family steel business at his father's insistence. However, his family was not aware of the fact that Mittal would not only expand the business but also take it to unprecedented global heights. In 1976, Mittal started his business career by purchasing an underperforming steel mill named PT Ispat Indo in Indonesia. He renamed it Mittal Steel to start off his own company. He bought several small underperforming steel plants in developing economies throughout the 1980s and 1990s. Such smaller deals brought quick expansion and spread out geographically for his firm. Having achieved success, Mittal steered towards an opportunity to significantly ...

If you are tired of sitting through hundreds of YouTube videos or reading thousands of articles and blog posts, but still do not know how to measure the financial health of a company, then you've come to the right place. In this article, we will discuss six simple and vital metrics that every retail investor should understand before investing in any company. These metrics will guide you toward making informed decisions and establishing whether a company is worth your money. Return on Equity (ROE) Return on equity (ROE) is an important measure of the efficiency with which a firm operates. ROE measures how well a company uses shareholders' equity to generate profits. It helps investors to understand whether or not shareholders' capital is being used efficiently and if returns are in accordance with expectation. Companies have a large number of shareholders who place their money with expectations that the firm will utilize these assets properly and profitably. ROE measures how...

The Adani Group, already battling allegations by U.S.-based short-seller Hindenburg Research as it transitioned out of allegations, faces the latest layer of accusations. This time, the challenge comes from a court in the U.S., which has alleged that Adani Green Energy bribed Indian government officials using the funds fetched from U.S. investors. It further claims that the bribes were in the tune of $250 million that were paid to get attractive contracts for providing solar energy to the government of India. It also charges Gautam Adani, founder of the Adani Group, personally with meeting with these officials to discuss the arrangements. Gautam Adani, his nephew Sagar Adani, and six executives tied to the Canadian pension fund CDPQ and its investee firm Azure Power, have been charged by the U.S. Department of Justice for their role in bribing Indian officials for favorable agreements about green energy projects. Impact on Stocks of Adani Group The most recent allegations have caused a...