Mumbai: Global index provider MSCI has included Hyundai Motor India in its Global Standard Index and removed Adani Green Energy from the measure as part of its February review. The changes, announced on Wednesday, will take effect after market close on February 28. Hyundai India launched its initial public offering (IPO) in October, raising βΉ27,870…
READ MOREThe shares of Billionaire Gautam Adani-owned Adani Enterprises today rallied 4.3% to an intraday high of Rs 2,388.95 on the BSE On Monday, February 11 after the Adani family pledged to donate $686 million or Rs 6,000 crore to establish two large, not-for-profit hospitals in India, in partnership with Mayo Clinic Global Consulting. The initiative…
READ MOREShares of Adani Group companies surged on Tuesday, with Adani Enterprises, Adani Power, and Adani Green Energy climbing up to 4.5% on the BSE, after US President Donald Trump signed an executive order pausing prosecutions under the Foreign Corrupt Practices Act (FCPA), a nearly 50-year-old anti-bribery law that has been central to allegations against the…
READ MOREThe third quarter (Q3 FY25) earnings season is underway and as many as 140 companies will declare their results this week. Some of the marquee names include Tata Steel, Bajaj Auto, L&T, Adani Enterprises, Adani Ports, TVS Motor, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, Tata Motors, IndusInd Bank, ONGC, and Nestle India among others. Here…
READ MOREIndian benchmark indices faced resistance around 23,900 after touching those levels in the early trade on Monday and finally ended in the red, dragged by banks and auto stocks. While the broader Nifty closed at 23,644.90, lower by 168.50 points or 0.71%, the 30-stock S&P BSE Sensex settled at 78,248.13, down by 450.94 points or…
READ MOREThe Indian stock market ended in green on Friday, lifted by buying in heavyweights Bharti Airtel, Reliance Industries and pharma stocks, with the Nifty index closing about 1% higher this week. The benchmark S&P BSE Sensex gained 759.05 points or 0.96% to settle at 79,802.79, while the broader Nifty 50 index closed at 24,131.10, higher…
READ MOREWhile Adani Group stocks bounced back on Friday after a previous day collapse, the ports-to-power conglomerate has seen some setbacks as a fallout of the indictment by US court. Here are 5 things which have gone against the group as a reaction to what happened: 1. Likely credit halt by global banks Some global banks…
READ MOREAdani Group stocks extended their losses for a second consecutive session, with Adani Enterprises shares plunging 7% in early trade on Friday, hitting a 52-week low of Rs 2,030. Meanwhile, shares of Adani Ports fell 5.3%, reaching a dayβs low of Rs 1,055.40 on the BSE. Meanwhile, other Adani Group stocks, including Adani Power, Adani…
READ MOREStocks 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…
READ MOREMumbai : Companies are facing less dissent from shareholders these days. Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20%…
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