MSCI Adani rejig: Adani shares had to face heavy route after the Hindenburg Research report raising concern over the debt positioning of Gautam Adani-led companies. However, it seems that Adani group companies have to face another challenge after dropping of two Adani group companies — Adani total Gas and AdaniRead More →
Adani Transmission Ltd board has approved fund raise proposal allowing issuance of fresh equities. The board of directors of the company considered and approved the proposal for fund raise in its scheduled board meeting on Saturday. However, issuance of fresh equities not exceeding ₹8,500 crore is subject to approval byRead More →
A majority of the Adani Group firms released their Q4FY23 (January-March) results this week, following which it led to volatile shift in the stock prices of the Adani group companies. Analysts feel that several Adani stocks are in a time-wise correction phase or have not had directional movement for aRead More →
Adani group stocks — Adani Total Gas and Adani Transmission shares are expected to sharp selling triggered by foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) on Monday. According to stock market experts, this selling is expected after MSCI’s decision to lower the free float in these two AdaniRead More →
Tata Consultancy Services: Tata Consultancy Services (TCS) posted healthy growth in Q4 of FY23, however, it broadly missed the street’s expectations for the quarter. In Q4FY23, TCS posted 14.8% YoY and 5.03% QoQ growth in consolidated net profit to ₹11,392 crore. Revenue from operations stood at ₹59,162 crore up byRead More →
MUMBAI : Adani group stocks pared losses as index provider MSCI Inc. delayed changes to what it considers freely tradable in the public market for Adani Transmission Ltd and Adani Total Gas Ltd, a move that could have cut weightings for them in MSCI’s indices. The index company will grantRead More →
MUMBAI : Billionaire Gautam Adani may face a challenging year ahead, with repayment obligations worth more than $2 billion coming up between January 2023 and March 2024 for his infrastructure conglomerate. The group, which comprises eight main companies, had a net debt of $24.1 billion as of 30 September, accordingRead More →
