Shares of a majority of Adani Group companies ended in the green on Tuesday, after a battering in the previous three trading sessions amid reports of fraud by US-based short seller Hindenburg Research. Flagship Adani Enterprises, whose follow-on share offering managed to garner the required subscription, rose 3.4% to end at Rs 2,975, after a […]
Shares of Adani Enterprises jumped 14.2% on Tuesday to Rs 1,364 apiece, with the group adding Rs 30,043 crore to market capitalisation on Tuesday. Eight out of 10 Adani group stocks gained in Tuesday’s session, with Adani Total Gas and Adani Transmission the only stocks to be locked in the lower circuit of 5%. Deven […]
Droneacharya Aerial Innovations shares listed at a bumper premium of 90% despite the domestic equity markets trading in the red on Friday. Droneacharya Aerial Innovations stock made its market debut at Rs 102 on the BSE, as compared to the public issue price of Rs 54. The scrip shortly thereafter rose to Rs 107 per […]
Indian equities saw a sharp revival in fortunes on Monday, with the indices staging a strong comeback after a 1% reversal on Friday. Optimism stemming from the US’s strong jobs data triggered the rally on a day auto, realty, and financials witnessed heavy buying interest. “Heavy buying by FIIs has given a fillip to the […]
By Sameet Chavan An action-packed session was seen in our domestic market with a V-shaped recovery on the expiry day. The benchmark index Nifty 50 started the day with a gap up that soon got sold into, and it breached the psychological mark to test intraday lows of 15904 odd levels. However, the short covering […]
Private equity and venture capital funds’ investments declined by 4 per cent to USD 5.3 billion in March 2023 as against the year-ago period, a report said on Monday. In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by […]
A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the “artificial crashing” of the Adani Group‘s stock value in the market. Hindenburg engages in activist short selling, which […]
To showcase the rich cultural heritage and to promote tourism in Himachal Pradesh, Chief Minister Sukhvinder Singh Sukhu inaugurated the first-ever ‘Shimla Winter Carnival’ at its historic ridge on Monday.The event started with a cultural parade that saw the participation of 450 women presenting Mahanati, showcasing the talent of self-help groups and Anganwadi workers. Heavy […]
By Ruchit Jain The eventful March series started on a cautious note amidst geopolitical tensions on Russia Ukraine war. Amidst nervousness in global markets, the index corrected towards the start of the series and almost tested the 15700 mark. The India Vix rose sharply in this period which led to higher volatility and uncertainty. However, […]
The Securities and Exchange Board of India (Sebi) on Tuesday gave its nod to phase out share buybacks through the open market. The market regulator has also approved steps to ensure governance boost at the stock exchanges as well as other market infrastructure institutions at its board meeting. Buybacks will be undertaken through a separate […]