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Uttarakhand tunnel rescue, Adani stocks surge, Bengaluru circular rail: Top 5 headlines today
From the Uttarakhand tunnel rescue efforts reaching a breakthrough 17 days after 41 workers were trapped inside to shares of all ten Adani group listed firms going up, check out the top stories of the day.
1/5
A breakthrough was reached in the efforts to rescue 41 workers trapped inside the Silkyara under-construction tunnel in Uttarakhand’s Uttarkashi on Day 17 of the operation. The entire debris was cleared and the final section of exit pipes were inserted.
2/5
Adani Group market value surged by over $15 billion with group stocks rallying up to 20 per cent after the Supreme Court reserved its order to probe the companies based on a US short-seller's allegations of accounting fraud and stock manipulation.
3/5
Highlighting the need for India’s tech capital Bengaluru to transition from road-based to rail-based transportation, Minister of Railways Ashwini Vaishnaw has outlined a plan to reduce the city's traffic congestion.
4/5
SpiceJet promoter Ajay Singh is in discussions with a clutch of global private credit funds to raise up to $100 million to refinance part of promoter debt and potentially infuse fresh equity in the cash-strapped airline, sources aware of the ongoing negotiations told Moneycontrol requesting anonymity.
5/5
The Institutional Investor Advisory Services (IiAS), a proxy advisory firm, has urged the independent directors of Raymond Limited to probe into the allegations against Chairman and Managing Director (CMD) Gautam Singhania made by his estranged wife Nawaz Modi and ask both to keep off the Board during the investigation.
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