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Hindenburg Research, known for short-selling activities, has been shut down by founder Nate Anderson. The decision comes after completing investigations, including those against Gautam Adani. Anderson plans to spend more time with family and invest his money in low-stress investments. His team members are taking different career paths.
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The Nordic nation doesn't require staff to work long hours and has a generous welfare system.
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Executive director Ramesh Kalyanaraman dismissed this as "very absurd" in the call on Tuesday. The stock dropped 7% on Wednesday to close at 554.90, extending its losing streak to the ninth straight day. The 32% drop in the share price in this period has eroded the market cap of Kalyan Jewellers by 24,000 crore to 57,234 crore at the Wednesday close.
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