Black Friday for Adani stocks

Shares of Adani Group companies slid 5-20% on Friday, with several stocks hitting the lower circuit, after a scathing report by US-based Hindenburg Research triggered a selloff. The bloodbath has erased over `4 trillion in the group’s combined market capitalisation in the last two trading sessions. On Friday, Adani Enterprises (AEL), the flagship entity of […]

Fed’s SVB balm fails to calm markets

US authorities were swift to launch emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB) threatened to trigger a broader financial crisis. After a dramatic weekend, regulators said SVB customers will have access to all their deposits starting Monday and set up a new […]

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