Against the backdrop of the Hindenburg allegations and the withdrawal of the Adani Enterprises FPO despite it being fully subscribed, the stock exchanges have put three Adani Group companies under the short-term additional surveillance measure (ASM) framework. Ashley Coutinho takes a look at what the measure means What is the purpose of the ASM framework? […]
Reliance shares rose half a per cent to Rs 2,454 on NSE after the Mukesh Ambani-led company reported in-line Q3 numbers. The oil-to-telecom major’s net profit declined 15% on-year to Rs 15,792 crore for the quarter ended 31 December 2022. RIL’s telecom arm Reliance Jio and retail arm Reliance Retail each posted healthy double-digit growth […]