Adani Enterprises (AEL) on Wednesday called off its Rs 20,000-crore follow-on public offering (FPO). AEL said it would return the FPO proceeds and withdraw the completed transaction, given the unprecedented situation and the current market volatility. Given the unprecedented situation and the current market volatility, the company aims to protect the interest of its investing […]
India fared well both relatively and in absolute terms with respect to economic and stock market performance. Going ahead, we believe H1CY23 may turn out to be volatile as investors around the globe would seek answers to key puzzles such as: (i) How fast interest rate hikes come to a halt globally, (ii) Damage to […]
As Covid-19 cases ceased, it was perhaps the retail sector which benefitted the most, as consumers returned to brick-and-mortar stores. Infact, experts believe that this year has been a turning point for the retail industry. “The Indian retail industry which was valued at $836 billion in FY22 has clocked a growth of 34% in FY23. […]
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