Shares of Adani group firms Adani Green Energy, Adani Energy Solutions and Adani Power jumped up to 12% in Friday’s trade on BSE amid reports that Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that … Read more
Mumbai: Two promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating … Read more
Shares of billionaire Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) fell nearly 4% to Rs 771 in Monday’s trade on BSE after the auditing firm Deloitte resigned as its auditor. Deloitte’s resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg but the company … Read more
Mumbai: Deloitte Haskins & Sells LLP is set to resign as auditor for Adani Ports & SEZ in the next few days just a year after its reappointment amid differences with the company management over the auditor’s position on certain transactions, said multiple people aware of the development. According to one of the persons, a … Read more
Amid broad-based buying and expectation of a dovish policy action by the RBI Governor on Thursday, equity markets ended Wednesday’s session on a solid note, extending gains to the fourth consecutive session. Aided by consumer goods, metals and realty stocks, the blue-chip Nifty 50 index was up 0.68% at 18,726, while Sensex closed 0.56% higher … Read more
About four months after US short-seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact. While two of Adani’s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. The group’s market … Read more
MUMBAI – The BSE has increased circuit limits for 4 Adani group stocks, paving way for higher participation in the counters. For Adani Green Energy, Adani Transmission, and Adani Wilmar, the circuit limits have been revised to 10% from 5%. The biggest boost is for Adani Power as the circuit limit has been increased to … Read more
MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more
As many as 60 smallcap stocks gave double-digit weekly returns in what was a buoyant week for equity markets. Rail Vikas Nigam Ltd (RVNL) topped the charts in the smallcap pack, with 38% returns. Three stocks — Gujarat State Fertilizers and Chemicals, Indiabulls Real Estate and SVP Global Textiles — delivered over 25% returns during … Read more
New Delhi, Leading bourses NSE and BSE on Friday said two Adani group stocks — Adani Green Energy and NDTV — will be moved to the first stage of the long-term additional surveillance measures (ASM) framework from Monday. These securities will continue in the framework but will be moved from long-term ASM framework Stage II … Read more