Adani Group rout hits banking stocks, LIC; drags Sensex lower
1 year, 10 months ago

Adani Group rout hits banking stocks, LIC; drags Sensex lower

The Hindu  

The benchmark S&P BSE Sensex slid 1.5% on Friday dragged down by banking stocks on investor fears that a short-seller triggered rout in Adani Group stocks could impact lenders with a substantial exposure to the port to commodities conglomerate. Several Adani Group stocks hit the 20% lower circuit, while flagship Adani Enterprises, which opened a ₹20,000 crore follow-on public offer on Friday, slumped 18.5% to ₹2,762.15 on the BSE. “Despite the optimistic results announced by the blue chips, this week’s market sentiment suddenly got dampened by the unfavourable research report on Asia’s richest promoter Group companies,” said Vinod Nair, Head of Research at Geojit Financial Services. affecting banking stocks, despite their positive results owing to high group lending; with PSU banks being the most impacted due to high exposure,” he added.

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History of this topic

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points
4 days, 22 hours ago

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points

Hindustan Times  

Indian stocks edged lower on Friday, dragged down by declines in IT and financial sectors, as investor concerns persisted over the Federal Reserve's forecast of fewer interest rate cuts next year, prompting a wave of foreign fund outflows. The BSE Sensex closed 1,176 points lower at 78,041.59, and the NSE Nifty slipped 1.52 per cent to close at 23,587.50 Sensex …

Markets decline in early trade amid unabated foreign fund outflows
Trending News
5 days, 3 hours ago

Markets decline in early trade amid unabated foreign fund outflows

The Hindu  

Equity benchmark indices Sensex and Nifty declined in early trade on Friday amid unabated foreign fund outflows and concerns over the US Federal Reserve signalling fewer rate cuts next year. The 30-share BSE benchmark Sensex declined 214.08 points to 79,003.97 in early trade. “The FII buying witnessed in early December is getting reversed now with this week’s selling reaching ₹12,229 …

Indian markets join global selloff as U.S. Fed indicates fewer rate cuts ahead; Sensex sinks below 80k
5 days, 20 hours ago

Indian markets join global selloff as U.S. Fed indicates fewer rate cuts ahead; Sensex sinks below 80k

The Hindu  

Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the U.S. Federal Reserve signalled fewer rate cuts next year. Despite this, investor caution persisted amid ongoing FII selling, with a strategic shift towards defensive sectors like pharma as evidenced by their outperformance," Vinod Nair, Head of …

Investors’ wealth erodes by ₹9.65 lakh cr in four days of market sell-off
5 days, 20 hours ago

Investors’ wealth erodes by ₹9.65 lakh cr in four days of market sell-off

Live Mint  

New Delhi, Investors' wealth eroded by ₹9.65 lakh crore in four days of sharp decline in the equity market where the BSE benchmark Sensex tanked 2,915 points. In the past four days, the BSE benchmark slumped 2,915.07 points or 3.54 per cent. Falling for the fourth day running on Thursday, the 30-share BSE benchmark Sensex tanked 964.15 points or 1.20 …

Sensex ends nearly 1,000 points lower, Nifty below 24,000
6 days, 8 hours ago

Sensex ends nearly 1,000 points lower, Nifty below 24,000

India Today  

Benchmark stock market indices continued their poor run on Dalal Street, with the S&P BSE Sensex ending the session nearly 1,000 points lower and the NSE Nifty50 falling below 24,000. However, Nifty Pharma emerged as the session’s bright spot, gaining nearly 2% as investors sought refuge in defensive stocks amid the volatile market environment. Vinod Nair, Head of Research at …

Market today: Sensex, Nifty decline amid selling pressure from key stocks ahead of US rate cut
Top News
1 week, 1 day ago

Market today: Sensex, Nifty decline amid selling pressure from key stocks ahead of US rate cut

Hindustan Times  

Indian stock markets opened lower on Tuesday, December 17, with the equity benchmark indices Bombay Stock Exchange Sensex and National Stock Exchange Nifty slipping, for which cautious investor sentiment was cited as the reason owing to the upcoming US Federal Reserve's interest rate decision. REUTERS/Shailesh Andrade/File Photo Selling in key stocks like Reliance Industries and HDFC Bank contributed to the …

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 week, 6 days ago

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals

Hindustan Times  

Shares of six Adani Group firms, out of 11 listed companies, declined in the mid-session deals on Wednesday, with Adani Green Energy falling more than 2 per cent. The scrip of Adani Green Energy slipped 2.46 per cent to ₹1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power, Adani Energy Solutions and Adani …

Stock Market Today: Sensex Down 130 Points, Nifty Below 24,650; FMCG, Pharma Drag
Trending News
2 weeks, 2 days ago

Stock Market Today: Sensex Down 130 Points, Nifty Below 24,650; FMCG, Pharma Drag

ABP News  

Stock Market Today: Indian benchmarks, the Sensex and Nifty, opened flat Monday, as FMCG stocks were hit by a 9 per cent plunge in Godrej Consumer shares following the company's weak quarterly sales forecast. Both the Sensex and Nifty posted gains of over 2 per cent last week, marking their strongest performance since early June, following the Reserve Bank of …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 weeks ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Sensex, Nifty end higher as banking stocks rally; SBI gains 2%
3 weeks, 1 day ago

Sensex, Nifty end higher as banking stocks rally; SBI gains 2%

India Today  

Benchmark stock market indices closed higher on Tuesday, driven by gains in banking sector stocks and Adani group shares as investors are looking beyond the recent GDP numbers. Key contributors to the rally included major sectors such as banking and metals, with stocks like HDFC Bank, Union bank, Adani Portsleading the gains," said Vaibhav Vidwani, Research Analyst, Bonanza. The indices …

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%
3 weeks, 5 days ago

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%

Live Mint  

Adani Power Share Price Today on 29-11-2024: At 29 Nov 11:24 today, Adani Power shares are trading at price ₹554, -1.11% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani Ent Share Price Today on 29-11-2024: Adani Ent share price are down by -0.72%, Nifty up by 0.78%
3 weeks, 5 days ago

Adani Ent Share Price Today on 29-11-2024: Adani Ent share price are down by -0.72%, Nifty up by 0.78%

Live Mint  

Adani Ent Share Price Today on 29-11-2024: At 29 Nov 11:11 today, Adani Ent shares are trading at price ₹2420, -0.72% down from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 2327.97 10 …

Sensex rallies 700 points, Nifty above 24,000; Adani stocks surge
Trending News
3 weeks, 5 days ago

Sensex rallies 700 points, Nifty above 24,000; Adani stocks surge

India Today  

Benchmark stock markets rebounded sharply on Friday, driven by gains in IT, financial, and energy stocks. The S&P BSE Sensex surged 663 points to reach 79,702.09 by 10:33 am, while the NSE Nifty50 climbed 154.60 points to trade at 24,084.95. Adani Group stocks were among the top performers, with Adani Green Energy and Adani Energy Solutions jumping nearly 13% each, …

CRISIL says no negative actions so far by lenders, investors on Adani following US indictment
3 weeks, 5 days ago

CRISIL says no negative actions so far by lenders, investors on Adani following US indictment

New Indian Express  

NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce …

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%
3 weeks, 6 days ago

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%

Live Mint  

Adani Power Share Price Today on 28-11-2024: At 28 Nov 11:09 today, Adani Power shares are trading at price ₹566.75, 8.2% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Sensex, Nifty open flat; Adani group shares gain up to 3% in early trade
3 weeks, 6 days ago

Sensex, Nifty open flat; Adani group shares gain up to 3% in early trade

India Today  

Benchmark stock market indices opened flat on Thursday after the markets witnessed a brief rally in the previous trading session. The S&P BSE Sensex lost 17.08 points to 80,217.00, while the NSE Nifty50 gained 8.05 points to 24,282.95 as of 9:25 AM. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that the consolidation phase in the market …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 6 days ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Share Market Today: Sensex Rises 230 Points; Nifty At 24,275. Adani Stocks Gain
Top News
3 weeks, 6 days ago

Share Market Today: Sensex Rises 230 Points; Nifty At 24,275. Adani Stocks Gain

ABP News  

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Wednesday, jumped by a sharp rally in Adani Group stocks and renewed foreign fund inflows. Adani Group stocks Adani Group stocks witnessed a significant surge after an update from an Adani entity clarified that Gautam Adani and his associates were not charged under the US Foreign Corrupt …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
4 weeks ago

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer

Live Mint  

Stock Market Today: Adani group stocks rebounded on Wednesday, gaining up to 16% post clarification issued by Adani Green Energy regarding bribery charges against Gautam Adani and others. Adani Total Gas share price surged 16% and was the top gainer, followed by Adani Power and Adani Green, whose share price skyrocketed up to 8%. Adani Group stocks rise up to …

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%
4 weeks ago

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%

Live Mint  

Adani Power Share Price Today on 27-11-2024: At 27 Nov 11:08 today, Adani Power shares are trading at price ₹460.85, 5.28% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Share Market Today: Sensex, Nifty Trade Flat. Adani Group Shares Rise
Top News
4 weeks ago

Share Market Today: Sensex, Nifty Trade Flat. Adani Group Shares Rise

ABP News  

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Wednesday are trading flat during early trade. Shares of Adani Group rebounded jumped up to 4 per cent after the group firm, Adani Green, denied media reports claiming Adani executives were charged with bribery and corruption, clarifying that the charges relate to wire and securities fraud. In …

Sensex, Nifty end higher as Adani stocks rally up to 20%
Trending News
4 weeks ago

Sensex, Nifty end higher as Adani stocks rally up to 20%

India Today  

Benchmark stock market indices closed higher on Wednesday as they made a brief rally driven by a surge in Adani group shares after the conglomerate issued a clarification on the bribery charges by US authorities. "This recovery followed a clarification from Adani Green Energy Ltd regarding recent allegations of bribery and corruption against key executives, including Gautam Adani and his …

Adani Group stocks gain up to 17% after clarification on US bribery charge
4 weeks ago

Adani Group stocks gain up to 17% after clarification on US bribery charge

India Today  

Shares of Adani Group companies, including Adani Green Energy Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, and Adani Enterprises Ltd, saw gains in Wednesday's trade. ADANI GROUP STOCKS GAIN SHARPLY Adani Green Energy shares were trading at Rs 988.40, up 10% as of 11 AM. Adani Total Gas Ltd rose 17.68% to Rs 681.95, Adani Wilmar Ltd increased 9.28% …

Sensex, Nifty open flat; Adani Green Energy shares gain 2%
4 weeks ago

Sensex, Nifty open flat; Adani Green Energy shares gain 2%

India Today  

Benchmark stock market indices opened flat on Wednesday after having seen a rebound in the previous few sesions. The Adani group stocks gained up to 5% in early trade after Adani Green Energy Ltd issued a statement clarifying that Gautam Adani, Sagar Adani, and senior executive Vneet Jaain have not been charged with violations of the US Foreign Corrupt Practices …

No money given to Adani so far for Sri Lankan port project, says US development agency
4 weeks, 1 day ago

No money given to Adani so far for Sri Lankan port project, says US development agency

Live Mint  

Mumbai: The US International Development Finance Corporation, which last year committed a half-a-billion-dollar loan to the Adani group for developing a port in Sri Lanka, has not yet disbursed any money to the Indian conglomerate. Incidentally, GQG Partners informed its investors last week that it had built up positions in Adani group companies as new data emerged, including the DFC’s …

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%
4 weeks, 1 day ago

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%

Live Mint  

Adani Total Gas Share Price Today on 26-11-2024: At 26 Nov 11:24 today, Adani Total Gas shares are trading at price ₹593.55, -1.2% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%
Top News
4 weeks, 1 day ago

Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%

Live Mint  

Adani Power Share Price Today on 26-11-2024: At 26 Nov 11:07 today, Adani Power shares are trading at price ₹443.9, -0.66% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Trending News
4 weeks, 1 day ago

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations

Live Mint  

New Delhi, Nov 25 Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a US bribery indictment against the founder. The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a …

Stock market rallies after Maharashtra election results, FII selloff ease, MSCI rejig
1 month ago

Stock market rallies after Maharashtra election results, FII selloff ease, MSCI rejig

Hindustan Times  

The Indian stock market rallied on Monday, driven by multiple factors such as the BJP-led Mahayuti alliance’s victory in the Maharashtra elections, Adani shares rebounding, foreign investors selling less, and the MSCI index rejig which took place today. The top performers of the Sensex were Larsen & Toubro which rose 3.77% to reach ₹3,750, SBI which rose 3.68% to reach …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
1 month ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani touts financial muscle, says can grow without external debt
1 month ago

Adani touts financial muscle, says can grow without external debt

The Hindu  

Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a U.S. bribery indictment against the founder. Gautam Adani indictment: In-depth coverage The ports-to-energy conglomerate, whose chairman Mr. Adani and two other executives have been indicted …

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%
Top News
1 month ago

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%

Live Mint  

Adani Power Share Price Today on 25-11-2024: At 25 Nov 11:11 today, Adani Power shares are trading at price ₹465.35, 1% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani bulls cut positions before news of US indictment
1 month ago

Adani bulls cut positions before news of US indictment

Live Mint  

Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. Interestingly, certain traders holding futures positions of …

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run
1 month ago

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run

India Today  

Adani Group shares saw a rise in early trade on Monday, continuing their recovery from last week’s turbulence. RECENT CHALLENGES The Adani Group recently faced allegations from US prosecutors, who accused Gautam Adani and others of orchestrating a $265 million bribery scheme to secure state energy contracts. MARKET REACTION Despite last week’s turbulence, Monday’s rally shows that investor confidence in …

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion
1 month ago

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion

Live Mint  

Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Adani group stocks fared better than on Thursday, when the ports-to-renewables conglomerate lost ₹2.24 trillion in market cap after US prosecutors indicted chairman Gautam Adani and other executives in an …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Sensex, Nifty bounce back; Adani Energy shares down 5%
1 month ago

Sensex, Nifty bounce back; Adani Energy shares down 5%

India Today  

Benchmark stock market indices broke their losing streak triggered by a sharp fall in Adani group stocks in the previous session to open higher on Friday. Banking sector stocks showed strong momentum with State Bank of India leading the gainers, rising 1.81%, followed by HDFC Life advancing 1.78%, and IndusInd Bank gaining 1.72%. Most sectoral indices traded in positive territory, …

Adani Group stocks extend slide amid bribery charges. Details here
1 month ago

Adani Group stocks extend slide amid bribery charges. Details here

India Today  

Shares of Adani Group companies continued their steep decline on Friday, following allegations of a multi-million-dollar bribery and fraud case involving Chairman Gautam Adani and seven others. Adani Energy Solutions was down 8.48% at Rs 640.50 on the Bombay Stock Exchange, while Adani Green Energy fell 7.51% to Rs 1,060.35. Shares of other Adani Group companies, including its flagship Adani …

Sensex jumps 1,200 points: 3 things to know about today's stock market bull run
1 month ago

Sensex jumps 1,200 points: 3 things to know about today's stock market bull run

India Today  

The domestic stock market witnessed a sharp rally on Friday, with the Sensex surging over 1,200 points and the Nifty breaching the 23,700 mark. Here are three key highlights from the day’s market performance: The BSE Sensex climbed 1,193.90 points to cross 78,340.07, while the NSE Nifty advanced 371.50 points to reach 23,721.40. The strong recovery in domestic equities added …

Sensex jumps over 1,000 points as most Adani Group stocks rebound sharply
1 month ago

Sensex jumps over 1,000 points as most Adani Group stocks rebound sharply

India Today  

The domestic stock market staged a strong comeback on Friday, with benchmark indices surging during intraday trade, bolstered by a recovery in most Adani Group shares and positive sentiment across key sectors. Adani Group stocks rebounded sharply after experiencing significant losses earlier in the session and the previous day's trade. Flagship Adani Enterprises climbed 2.5%, while other group stocks, including …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

Adani Group: U.S. Department of Justice allegations baseless
1 month ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

Adani stocks tumble after US indictment, combined mcap dips by Rs 2.45 lakh crore
1 month ago

Adani stocks tumble after US indictment, combined mcap dips by Rs 2.45 lakh crore

Firstpost  

The combined market capitalisation of all the ten listed Adani group firms eroded by Rs 2,45,016.51 crore during Thursday morning deals after Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts Adani group stocks faced heavy …

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how
1 month ago

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how

Live Mint  

Adani Group Stocks: Life Insurance Corporation of India, the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore following a sharp decline in group shares. According to a Reuters report, U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to …

SBI, REC to PFC: Why are banking stocks falling? Experts see Gautam Adani connection
1 month ago

SBI, REC to PFC: Why are banking stocks falling? Experts see Gautam Adani connection

Live Mint  

State Bank of India, Punjab National Bank, Bank of Baroda, REC, PFC, among many other banking and NBFC stocks suffered losses up to 7% on Thursday amid broader market sell-off after US federal courts charged Gautam Adani in an alleged bribery scheme. The state-run REC Ltd share price tanked over 9% and Power Finance Corporation shares cracked 8% over their …

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
1 month ago

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations

ABP News  

Adani Group share price: Adani Group stocks saw losses on Thursday after US federal prosecutors filed bribery charges against the conglomerate's founder, Gautam Adani. Shares of major group firms, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, witnessed declines of 10-20 per cent in early trade on Thursday. Adani Green Energy shares plunged 17 per cent to Rs …

India’s Adani Group sees $22 billion in value wiped off after US indictments
1 month ago

India’s Adani Group sees $22 billion in value wiped off after US indictments

Live Mint  

-Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises fell 10%, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, …

GQG Partners shares plunge 20% after Gautam Adani charged over bribery scheme by US
1 month ago

GQG Partners shares plunge 20% after Gautam Adani charged over bribery scheme by US

Live Mint  

Shares of Australia-listed fund manager GQG Partners, which is a large shareholder in India’s Adani Group stocks, plunged 20% on Thursday, November 21. The sharp fall in GQG Partners shares comes amid media reports that it was reviewing its investments in Adani Group after US prosecutors charged the Indian conglomerate’s chairman Gautam Adani over an alleged bribery and fraud scheme. …

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot
1 month ago

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot

Hindustan Times  

Adani Group shares plunged when the markets opened on Thursday, November 21, 2024, after the US Securities and Exchange Commission announced it was pressing charges against Adani Group chairman Gautam Adani, Sagar Adani, and Cyril Cabanes, an executive of Azure Power Global Ltd in a bribery and fraud case. The US market regulator SEC alleged the scheme was to secure …

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