Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India (SEBI) for the Rs 20,000 crore follow-on public offer (FPO)
Several opposition parties raised critical issues, including the recent stock market matter, concerning Adani Group stocks. Members of Parliament (MPs) asked the government to hold a discussion on the matter as it concerns the economy of the country, and therefore concerns the people at larg
Atul Kumar Goel, MD and CEO of Punjab National Bank on Monday said the state-owned bank has an exposure of about Rs 7,000 crore in Adani Group companies.
BSE Sensex went up 45 points to 59,426.99 while NSE Nifty surged 26 points to 17,622.60 at 10 am on Monday morning.
Among other gainers, Adani Enterprises, Data Patterns, Kiri Industries and Agi Greenpac were trading in the green on BSE at 10 am in the morning session on Monday. On NSE, Adan
The research firm said, "It also predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming our report amounted to a "calculated attack on India." In short, the Adani Group has attempted to conflate its meteoric rise and the wealt
The Adani group in a sharp and focused response to Hindenburg Research's report on its businesses has responded to all 88 questions raised by Hindenburg including the young age of its auditors.
Adani Group on Sunday said the recent report by Hindenburg Research was not an attack on any specific company but a "calculated attack" on India, its growth story, and ambitions.
"Selling pressures have hit LIC, too. But LIC as an individual company is a strong, robust company and the largest one in life insurance" according to a market analyst
The Congress on Friday called for an investigation after a US-based research firm in its report raised concerns about the possibility of shares of Adani Group companies declining from their current levels owing to high valuations.