The Adani Group responded to the allegations made by short-seller Hindenburg Research on Sunday, calling the report a false narrative written with malafide intent and without an understanding of Indian laws. Despite that, most of the Adani group stocks started the week by trading in the red. However, here are 2 Adani group stocks that [...]
The shares of Sterlite Technologies gained 6.14% on Monday’s early trades to reach an intraday high of ₹ 185.75 apiece on the National Stocks Exchange (NSE), after reporting turnaround Q3 numbers for the latest quarter. They were trading at ₹ 182.60 apiece, (up 4.34%) at 11:28 AM. The company’s revenue from operations surged 46.23% to [...]
South Korea on Monday said India is undeniably a global powerhouse and that the Indian presidency of G20 will unleash its potential and pay heed to insights and feedback from members and contribute to the international community. The statement came from a representative of South Korea who was speaking at the inaugural ceremony of the [...]
The 'Trade-plus-One' (T+1) settlement cycle has been effectively implemented in the top listed securities in India from January 27th, 2023. Market experts believe that the T+1 settlement system will allow the money cycle to move faster without waiting for an extra day. Here are 7 stocks that will trade ex-dividend next week: CCL Products India [...]
Shares of Adani group firms were trading on a mixed note in morning trade on Monday, with flagship Adani Enterprises climbing 10 per cent even as most of the group companies fell, a day after it released a 413-page response to allegations of wrongdoing brought by a US-based short seller Hindenburg Research. Most of the [...]
Wadia group-owned Go First expects to receive Rs 210 crore under the government's credit line guarantee scheme next month as the budget airline seeks to boost its financial position and expand operations. The airline, which received Rs 210 crore from the promoters last month, aims to have 53 operational aircraft in its fleet by the [...]
The West Bengal government is likely to place the state budget for the 2023-24 fiscal in the assembly on February 15, a minister said on Sunday. The budget session of the assembly will begin on February 8. Minister of State (Independent Charge) for finance Chandrima Bhattacharya said, "Possibly, the state budget will be placed on [...]
Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital [...]
British Prime Minister Rishi Sunak on Sunday fired one of his Cabinet ministers and Conservative Party chairman, Nadhim Zahawi, after he was found to have been in "serious breach" of the Ministerial Code on how he handled his personal tax affairs. Zahawi, who was a minister without portfolio as the chief of the governing Tory [...]
US short seller Hindenburg Research has rejected Adani Group's charge that its report was an attack on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, Hindenburg said [...]
