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February 01, 2023 11:22 PM IST"The market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the company’s board felt that going ahead with the issue will not be morally correct," Adani Group said while announcing the pullback of the FPO.
February 01, 2023 10:57 PM IST New York-based short-selling specialist firm Hindenburg Research on January 24 published a report making several adverse observations regarding accounting practices, related-party transactions, concentrated shares ownership by a few overseas investments firms and share price manipulation by the Adani group of companies.
February 01, 2023 09:39 PM IST The share plunge was sparked by a report by Hindenburg Research last week which alleged improper use by the Adani Group of offshore tax havens and stock manipulation.
February 01, 2023 09:35 PM IST The focus is on higher capital expenditure and fiscal consolidation
February 01, 2023 06:54 PM IST To ensure that the long-standing demand to mitigate delayed payment issues is met, Finance Minister Nirmala Sitharaman laid down strict rules to make sure corporates can claim deduction only once payments to MSMEs are cleared.
January 31, 2023 07:51 PM IST The offer price band ranges around Rs 560 to Rs 562.30 per share. The company is likely to raise Rs 2,240 crore at lower end via the deal.
January 31, 2023 06:43 PM IST The domestic electric vehicles (EV) market is projected to grow at an average annual pace of 49 percent between 2022-2030
January 31, 2023 05:15 PM IST With this partnership, Reliance and Maliban will "develop unique value propositions that will strengthen Reliance Consumer Products Limited (RCPL) portfolio in the biscuit segment," the company said in a statement.
January 31, 2023 01:28 PM IST Tentative demand environment and cautious management commentary cast doubt on meaningful margin gains
January 31, 2023 11:30 AM IST Poor drafting of the Code meant that certain rulings did not match the intention of lawmakers. The changes propose to deal with this and also improve the code’s effectiveness
January 31, 2023 10:23 AM IST Material pick-up in earnings for Laurus Labs is contingent on the completion of capex projects
January 31, 2023 09:19 AM IST The key factor to be keenly watched is how best the government manages to stay on the fiscal consolidation path while spurring demand and boosting growth
January 30, 2023 08:43 PM IST L&T had earlier guided it will close FY23 revenue, and order inflow at a growth of 12-15 percent.
January 30, 2023 07:12 PM IST On operational front, sales bookings rose 19 per cent year-on-year to Rs 128 crore in the quarter ended December.
January 30, 2023 05:30 PM IST Indraprastha Gas Limited, a leading city gas distribution firm, has already reported an 11% drop in net profit in the December quarter
January 30, 2023 04:52 PM IST IHC, one of Abu Dhabi's most valuable listed companies, was an investor in Adani Enterprises' share offering's anchor book as well.
January 30, 2023 04:28 PM IST The bedsheet-maker’s consolidated net profit fell to Rs 42.38 crore ($5.20 million) for the quarter that ended December 31 from Rs 132 crore a year earlier, Welspun India said in an exchange filing.
January 30, 2023 02:38 PM IST If the finance company can replicate its offline dominance in the online space, it will be a radical transformation
January 30, 2023 10:43 AM IST Indian banks have little to worry as their debt exposure to Adani entities is limited
January 30, 2023 10:39 AM IST The high-value, high-margin product portfolio likely to help the company outperform the industry
January 29, 2023 01:35 PM IST The first consignment of 80 barrels of aviation gas (AV gas), each consisting of 16 kilolitres, was shipped from the Jawaharlal Nehru Port Trust (JNPT) to Papua New Guinea over the weekend.
January 28, 2023 03:04 PM IST "There is no change in either the schedule or the issue price. All our stakeholders including bankers and investors have full faith in the FPO. We are extremely confident about the success of the FPO," Adani Enterprises said.
January 27, 2023 04:53 PM IST Go First has as a token of the apology offered one free ticket to each affected passenger to avail in domestic routes, valid for the next one year.
January 27, 2023 12:49 PM IST While the respiratory portfolio remains a significant part of the US portfolio, the peptides portfolio is a key watch in the near to medium term.
January 27, 2023 12:48 PM IST Risks of disruption to ports and shipping are outweighed by a boost to global demand
