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Home  Business

Business

Adani group stocks plunge; Adani Energy drops 17%

Adani group stocks plunge; Adani Energy drops 17%

  • Rupee trades in narrow range against US dollar in early trade

    Forex traders noted that the 84.00 level is serving as a psychological resistance for the USD/INR pair. Market participants are also waiting for cues from the Indian CPI inflation and IIP data, which are set to be released later today.
  • Markets decline in early trade; Adani stocks slump

    Sensex down 375.79 points to 79,330.12, Nifty drops 108.25 points to 24,259.25
  • Come clean on clients of consulting firms, Hindenburg to SEBI chairperson Madhabi Buch

    Short-seller, in series of posts on X, says Buchs' response includes several important admissions and raises numerous new critical questions
  • Amazon Web Services to expand in Hyderabad

    Amazon already has a strong presence in Telangana which includes their largest corporate building in the world in Hyderabad.
  • Adani terms Hindenburg allegations malicious, manipulative of selective public info

    Says allegations are no more than red herrings thrown by desperate entity with total contempt for Indian laws
  • Our life, finances an open book: Sebi chief, husband deny Hindenburg allegations

    Say it is unfortunate that short-seller, against whom Sebi has taken action and issued show cause notice, has chosen to attempt character assassination in response
  • Hindenburg alleges SEBI head had stakes in obscure offshore funds used in Adani scandal

    It went on to cite the Supreme Court order where it was recorded that Sebi had "drawn a blank" in its investigations into who funded Adani's offshore shareholders.
  • After dubious US deals, investors start doubting Telangana government’s capabilities

    The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana
  • India to introduce UPI payment service in Maldives

    Will have positive impact on archipelago nation's tourism sector, says External Affairs Minister S Jaishankar
  • Explained: What is RBI-proposed ‘Delegated Payment’ via UPI?

    The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.
  • Rupee rises 8 paise in early trade

    Opens at 83.95 against the greenback, touches 83.89
  • Markets bounce back; Sensex up 1,098 points, Nifty surges to 24,387

    This comes amid significant rally in the US and Asian markets along with buying in blue-chips Tata Consultancy Services and Reliance Industries
  • LIC shares rise 3% after strong quarterly earnings

    The share opened at 1,159 each after India’s largest insurer reported a 9% year-on-year increase in net profit for the April-June period, alongside a 16% rise in net premium income. The company sold nearly 35 lakh policies in the individual segment during Q1 FY25, up from 32 lakh in the same period last year.
  • Take note: Clearing time for cheques to be cut from 2 days to few hours

    RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System
  • Population collapse accelerating, says tech billionaire Elon Musk

    Says record low birth rates are leading to population collapse and such countries will fall into ruin like several dead civilisations
  • RBI retains repo rate at 6.5 pc for ninth time in a row

    Keeps growth projection unchanged at 7.2 per cent for the current fiscal
  • Markets decline in early trade ahead of RBI monetary policy decision

    Sensex sheds 325.97 points to 79,142.04, Nifty dips 99.1 points to 24,198.40
  • Rupee trades in narrow range against dollar ahead of RBI monetary policy outcome

    Opens at 83.94 against the greenback, touches 83.93, registering a rise of 2 paise over its previous closing price
  • Corning, Vivint Pharma sign pacts with Telangana government

    The MoU focuses on designing and implementing programmes to skill the local workforce in advanced manufacturing and chemical engineering technologies.
  • Hyderabad ranks as second most expensive residential market: Knight Frank India

    The city's affordability ratio, which compares the EMI to income, stood at 30 per cent in the first half of 2024, maintaining the same level as in 2023.
  • Sensex soars 1,046 points, Nifty surges above 24,300

    Mumbai: Equity benchmark indices Sensex and Nifty bounced back sharply in early trade on Wednesday after three days of massive decline in-tandem with a rally in global peers. The 30-share BSE Sensex jumped 1,046.13 points to 79,639.20 in early trade. The NSE Nifty surged 313.9 points to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, […]
  • Rupee trades steady against US dollar in early session

    At the interbank foreign exchange market, the local unit opened at 83.86 but soon pared its gains to trade at 83.92, unchanged from its previous close. On Tuesday, the rupee recovered from its all-time low and settled 17 paise higher at 83.92 against the US dollar.
  • It’s official! X decides to move HQ out of San Francisco, Musk says ‘no choice’

    According to reports, X CEO Linda Yaccarino has sent an email to employees, alerting them that the company will move out of its office in San Francisco
  • Elon Musk sues ChatGPT-maker OpenAI and Sam Altman again

    The lawsuit, filed in a Northern California federal court, called Musk's case a "textbook tale of altruism versus greed"
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