A Mint analysis showed that key stakeholders, including promoters, have sold shares worth over ₹1.35 trillion through bulk and block deals during the calendar year so far, out of which deals worth over ₹92,800 crore were concluded in the first five months of FY24, which is more than double thatRead More →
ACC share price rose more than 1% on Friday after the company reported robust Q1 results with net profit doubling during the quarter. ACC shares gained as much as 1.72% to ₹1,972.00 apiece on the BSE. The Adani group cement manufacturing company ACC Ltd posted a net profit of ₹466.14Read More →
NEW DELHI : The Securities and Exchange Board of India (Sebi) has proposed that foreign portfolio investors (FPIs) with investments concentrated in a single stock or stocks of a business group should provide granular information on beneficial ownership to custodians. India’s markets regulator proposed tightening of disclosure requirements for offshoreRead More →
Indian market regulator Wednesday proposed to seek more disclosures from high-risk Foreign Portfolio Investors (FPIs) with large holdings in a single company or a group firm following criticism about lack of oversight over inflows in conglomerates like Adani Group. The Securities and Exchange Board of India (Sebi) in a consultation paper said the proposals are aimed at preventing possibleRead More →
Optimism swept through stock markets as an in-principle agreement on the US debt ceiling was reached between the US president and House Republicans. The development provided near-term relief, with expectations that Congress would promptly ratify the agreement. The positive sentiment carried over from the US markets, which closed sharply higherRead More →
The Rajiv Jain-led GQG Partners’ ₹15,446 crore investment into four Adani Group companies has generated more than 65% returns in less than three months. The value of this investment now stands at around ₹25,515 crore, up by a staggering ₹10,069 crore, driven by a sharp rally in Adani group stocks.Read More →
UltraTech Cement Ltd clocked robust consolidated sales volume growth of about 15% year-on-year (y-o-y) in the March quarter (Q4FY23) at 31.7 million tonnes (mt), with domestic sales at 30.5mt. Solid demand and capacity ramp-up lifted volume, driving market share gains for UltraTech. Cement capacity utilization stood at 95% in Q4Read More →
Two Adani Group companies, the flagship Adani Enterprises (AEL) and Adani Ports, witnessed a sudden rise in trader interest at the beginning of November, causing the stock prices to move up sharply before crashing in February following the release of a report by US short-seller Hindenburg Research, which eventually ledRead More →
According to an NSE circular, Adani Enterprises, Adani Power, and Adani Wilmar have been included under the short-term additional surveillance mechanism framework from Thursday. This information was released following the National Stock Exchange’s (NSE) and Bombay Stock Exchange’s (BSE) Monday announcement that Adani Enterprises will exit the framework for short-termRead More →
Shares of the Adani Group rose for the third consecutive session on Friday, effectively earning one investor approximately ₹3000 crores in two days. The development comes a little more than a month after a damning report by US short seller Hindenburg Research triggered a massive rout in Adani Group shares. Read More →
