David Einhorn, hedge fund titan, warns of potential stock slide and recession due to gas price increase from foreign wars.

Greenlight Capital’s David Einhorn has warned of a potential slump in stocks and a looming recession in his third-quarter letter to investors. He highlighted the impact of foreign conflicts raging in Ukraine and Gaza on American consumers, stating that they could lead to a surge in gas prices and ultimately cool the economy. In his…

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NBCC’s Q2 2023-24 net profit declines by 16% to Rs 82 cr due to provision for loss in Gurugram housing project

NBCC (India) Ltd, a state-owned infrastructure and real estate development company, has recorded a 16% decrease in its consolidated net profit for the second quarter of the fiscal year. This decline is attributed to the provisioning for expected losses in a Gurugram housing project. The net profit was reported as Rs 81.90 crore, down from…

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