By Siddhant Mishra Indian equities slumped on Wednesday, amid the worsening Covid situation in China and a spurt of cases worldwide. The government’s directive to states to start tracking positive cases, weighed on sentiment. Sun Pharma rose 1.6%, leading the Sensex pack, with IT players HCL, Tech Mahindra, TCS, Wipro, and Infosys all closing in […]
Indian benchmark indices have outperformed global equity markets, and a large contributor to Nifty and Sensex’s gains has been Gautam Adani-led Adani Group. The multinational conglomerate’s primary arm Adani Enterprises gained 116% this year, more than doubling its investors’ wealth. On the other hand, the benchmark index Nifty 50 has only risen by 2.3% year-to-date. […]
Vedanta share price rose 0.53% to Rs 286.60 on Thursday after the group’s chairman Anil Agarwal assured investors that the company has enough funds to pay upcoming debt maturities worth $900 mln. The billionaire in an interview said that the group’s commodities businesses were ‘throwing off enough cash’ and expects $9 bln of profit across […]
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