Adani shares crash up to 20% after Gautam Adani indicted in US on bribery, fraud charges
Stocks of Adani Group companies fell up to 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme. Prosecutors announced the charges on Wednesday, alleging that the group bribed Indian officials to secure solar energy contracts. Shares of Adani Energy Solutions were…
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CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue
Recruitment and staffing services provider CIEL HR Services has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 335 crore and an offer for sale (OFS) of…
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Vedanta shares tumble over 1% as subsidiary partners with GAIL Gas for sustainable aluminium production
Shares of Anil Agarwal-led Vedanta tumbled by 1.4% to their dayβs low of Rs 437.10 on the BSE as the companyβs subsidiary and Indiaβs largest aluminium producer Vedanta Aluminium has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter. Under the agreement, GAIL Gas will construct a 7.5 km pipeline to…
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How to decorate a small dining room?
Compact apartments, especially rented spaces, call for smart usage of the available space to make the most out of it. It is essential to use the space in a way that does not compromise your functional needs. Very often, people living in compact apartments tend to avoid having a separate dining room to dedicate the…
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Positive Breakout: These 5 stocks close cross above their 200 DMAs – Upside Ahead?
IRFC Share Price 145.18 03:59 PM | 19 Nov 2024 6.9(4.99%) Suzlon Energy Share Price 62.22 03:59 PM | 19 Nov 2024 2.97(5.0%) IREDA Share Price 190.15 03:59 PM | 19 Nov 2024 2.63(1.41%) Tata Motors Share Price 783.2 03:59 PM | 19 Nov 2024 11.31(1.47%) YES Bank Share Price 19.56 03:59 PM | 19…
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Adani Energy shares crash to hit 20% lower circuit after 100% acquisition of Pune-III Transmission
Shares of Adani Energy Solutions crashed 20% to hit their lower circuit at Rs 697.70 on the BSE today after the company announced that it has entered into an agreement with PFC Consulting for the acquisition of a 100% stake in Pune-III Transmission (PTL). However, the crash in the stock has come after Gautam Adani,…
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Stocks to buy today: Varun Beverages, IndiGo among top 8 trading ideas for 21 November 2024
The Nifty futures closed negative, with losses of 0.10%, at 23,491 levels on Tuesday. The Indian market remained shut on Wednesday, due to a public holiday.On the options front, the maximum Call OI is placed at 24,000, and then at 23,700 strikes, while the maximum Put OI is placed at 23,000, and then at 23,500…
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Can expect a 5-7% Santa Claus rally in 6-8 weeks: CLSA on Indian markets
The stock market may see a “Santa Claus rally” of 5-7% over the next six to eight weeks, said Vikash Kumar Jain, India strategist at brokerage CLSA. Jain said the market has already absorbed the selling by foreign investors, geo-political tensions, some large IPOs and a weaker results season in the last couple of weeks….
READ MORELooking to buy a house in a top Indian city? Be prepared to pay over Rs 1.2 cr
Demand for luxury homes has surged across India’s top seven cities post-pandemic, leading to record sales and new launches, according to ANAROCKβs latest report. In H1 FY2025, the average ticket size of homes in these cities reached Rs 1.23 crore, up from Rs 1 crore in the same period of FY2024.Anuj Puri, Chairman of ANAROCK…
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Escalating tensions in Europe erode early gains on D-St; FPIs further sell shares worth Rs 3,412 cr
India’s benchmark Nifty snapped its seven-day losing streak on Tuesday, with some relief buying visible after frontline indices plunged 10% since the 26,000-plus record highs reached toward the end of September. However, gains achieved through the first-half of the day were largely erased in the last hour of trading due to escalation of tensions between…
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