Mumbai: Six Adani Group firms have received so-called show-cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions, non-compliance of listing rules and validity of auditor certificates in the past, these companies said in their regulatory filings to the stock exchanges. On Thursday, Adani Enterprises, the flagship … Read more
The Adani group will dominate the earnings today with three of the conglomerate’s companies set to release their numbers for the quarter ended March 2024. Despite being a market holiday, 18 companies will announce their fourth quarter on Wednesday. Other companies which are set to release their numbers include Bondada Engineering, Classic Filaments, Cigniti Technologies, … Read more
Last March when ports-to-cement billionaire Gautam Adani had his back against the wall following a short seller takedown on his conglomerate, Florida based GQG Partners took a $1.87 bet across three group companies. The investment decision to back the battered Adani Group stocks following Hindenburg Research’s scathing indictment was cutting against the grain — the … Read more
Mumbai: A year after the American short-seller Hindenburg’s claims shook Gautam Adani’s business empire, the ripples of an investigation by the US authorities into a bribery allegation have touched the influential business group. Stocks and bonds of Adani companies fell on Monday amid news reports that US prosecutors have widened their probe to investigate whether … Read more
Mumbai: Indian equities rebounded Thursday from a bout of panic selling in an evident relief rally as investors judged the pace of the recent market decline rather excessive. Mid- and small-cap stocks, which witnessed their biggest single-day losses in two years Wednesday, led what analysts believe is a temporary revival, with uncomfortably short odds on … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
