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Most Adani group stocks continue to fall; combined market cap declines
Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report.
Forex traders said the Hindenburg Research report has soured market mood towards Adani Group stocks, leading to a sharp decline in the stock prices.
At the end of Monday's trading session, six of the 10 Adani group companies ended in the negative territory, with Adani Transmission slipping 10 per cent, while the shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar declined 5 per cent each.
Shares of Adani Enterprises closed for the day at Rs 1,572.40, down 0.74 per cent over its previous close.
Four of the Adani group companies defied the trend and settled in the positive territory with Adani Ports and Special Economic Zone closing higher by 9.46 per cent, Ambuja Cements (up 1.54 per cent), ACC (up 2.24 per cent) and NDTV (up 1.37 per cent).
"The A..
Reliance Capital lenders approach NCLAT over 2nd round of auction
India will always be reliable: Om Birla to Bhutan National Assembly speaker
Lok Sabha Speaker Om Birla on Monday said India would always be a reliable friend to Bhutan while noting the Rs 2,400-crore allocation for the neighbouring country in this year's Union Budget during a meeting with a Bhutanese Parliamentary delegation.
The Bhutanese delegation, led by National Assembly Speaker Wangchuk Namgyal, also called on Vice-President and Rajya Sabha Chairperson Jagdeep Dhankhar in Parliament.
The largest share of India's aid portfolio has been granted towards Bhutan with an allocation of Rs 2,400 crore -- constituting 41.04 per cent of the Ministry of External Affairs' development assistance -- in line with the country's 'Neighbourhood First' policy,
Birla said the 'Neighborhood First' policy, under the leadership of Prime Minister Narendra Modi, has given a new direction to India-Bhutan relations.
The Government of India has allocated Rs 2,400 crore from this year's Union Budget to Bhutan, Birla said, and added that it reflected the close ties between the tw..
Marginal pressure on banks next fiscal, net interest margin may fall: Fitch
Paytm expects to sustain performance, completes Rs 796 cr share buyback
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday.
Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
The company has calculated an incentive of Rs 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free cash flow positive quarter but Paytm will report as a one-time item.
"UPI incentive will be one-off and we will explicitly call out as one-off. Rs 130 crore that we are quoting is for three quarters. The fourth quarter number will be topped on top of it. Because we are calling it one-time item, we are not calling it free cash flow generative. We would rather say free cash flow generative when we ar..
Metro services in Agra to be operational by early 2024: CM Adityanath
Musharraf's fatal dalliance
Taxing times of a 'Confrontationist'
FinMin asks depts, CPSEs to refund 95% of MSMEs securities till March 2022
India's 1st new mobility-focused cluster in Telangana; to attract investors
Civil aviation ministry says 63 passengers put on 'No Fly List' in 2022
India's coal production target at 1,017 mn tonnes for next fiscal: Joshi
ED attaches Rs 936 cr as proceeds of crime, arrests 5 for crypto fraud
The enforcement directorate has attached Rs 936 crore proceeds of crime and arrested 5 five persons related to crypto currency fraud, Parliament was informed on Monday.
Further, under the Foreign Exchange Management Act, 1999 (FEMA), assets amounting to Rs 289.28 crore have been seized and one show cause notice to cryptocurrency exchange Zanmai Labs Pvt Ltd, known as WazirX, and its directors has been issued for transactions involving cryptocurrencies worth Rs 2,790 crore.
In a written reply to a question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said the Enforcement Directorate is investigating several cases related to cryptocurrency frauds wherein a few crypto exchanges have also been found involved in money laundering.
"As on January 31, 2023, proceeds of crime amounting to Rs 936 crore have been attached/seized/freezed, 5 persons have been arrested and 6 prosecution complaints (PCs) including 1 supplementary PC have been filed before the Special Court, PML..
Over 5,000 farmers associated with fish farming in Chhattisgarh's Pakhanjur
Union Budget 2023: FinMin notifies refund of security deposits to MSMEs
India, EU set up three working groups under Trade and Tech Council
Tata Steel posts surprise Rs 2,224 crore net loss in December quarter
Awas, Jal Jeevan to create rural jobs, justify MNREGA cut: CEA Nageswaran
India drops to third spot in MSCI EM index amid rout in Adani group stocks
Russia wants normalisation of India-China relations: Russian Ambassador
Vistara plans to launch flight services to Hong Kong and Mauritius
Rely on term plan-MF combo instead of going for traditional plans
JK Paper Q3 profit more than doubles to Rs 329 cr on robust demand
Municipal corporations may issue bonds worth Rs 1000 cr in next 3 months
Tata Steel slips into red; posts Rs 2,501 cr loss in Q3 on higher expenses
PM unveils India's biggest helicopter manufacturing facility in Karnataka
Renault, Nissan unveil details of major shake up to 24-year-old alliance
Industrial & Logistics sector leasing grew 8% YoY: CBRE South Asia Report
'In CIF/CFR contracts, the seller bears risk of variation in freight rates'
India's share in global oil demand expected to rise to 11%, gas to 500%: PM
Rajasthan govt's iStart scheme is proving to be a boon for start-ups
Adani to prepay $1.11 billion loans on shares, denies report on capex cut
Hillary Clinton announces $50 mn fund for women to tackle climate change
Assam: Families point to faulty data in ID cards for child marriage arrests
RBI's 3-day long MPC meeting starts amid expectations of lower rate hike
No plan for menstruation leave in educational institutions: Education min
BJP charges AAP of resorting to excuses to delay the MCD mayor election
Murugappa group's Chola expects 30% AUM growth next fiscal, bets on EVs
Massive earthquake kills over 1,300 in Turkey, Syria; rescue ops underway
BNPL platform Simpl introduces menstrual, adoption and pet care leaves
Over Rs 28 cr spent on 5 editions of PM's Pariksha Pe Charcha: Edu Ministry
Collegium has taken cognizance, says SC on plea against Gowri's appointment
India Energy Week : PM Modi seeks more investments in oil & gas, refineries
Vinati Organics Q3 PAT climbs 51% YoY to Rs 125 cr
Adani prepays loans worth $1.11 bn, releases pledged shares in 3 firms
Disney to introduce its own metaverse platform, Starverse in India
SC to hear plea against appointment of Victoria Gowri as Madras HC judge
PM asks investors to explore investment opportunities in energy sector
VIL partners with Motorola for 5G connectivity across smartphone portfolio
Imran Khan will be arrested if fresh protests are launched: Pak minister
Kolte-Patil Developers slumps after reporting loss of Rs 28 crore in Q3
Jabra Elite 5 wireless earphones with hybrid ANC launched: Details here
Battered by plunging PC sales, Dell to cut nearly 6,650 jobs globally
Delhi HC refuses PIL seeking to conduct LS, Assembly polls together in 2024
Delhi mayor polls: Amid sloganeering, MCD House adjourned briefly
IndusInd Bank Ltd soars 2.37%, Gains for third straight session
Samvardhana Motherson International Ltd up for third straight session
Adani fiasco brings down India's weight in the MSCI emerging markets index
HP India unveils OMEN Playground stores for gamers to use HP gaming devices
Indian banks' NIM to contract in FY24 as deposit costs rises: Fitch
Reliance showcases hydrogen-run truck at India Energy Week in Bengaluru
JK Tyre Q3 PAT jumps 15% YoY to Rs 65 cr
Auto sales up 14% in Jan, helped by festive season, rural demand: FADA
IndiGo Q3: Focus on international destinations lifts outlook, say analysts
Vodafone Idea Ltd leads gainers in 'A' group
India adds 91 new Covid-19 infections, active case tally unchanged at 1,817
India on Monday logged 91 fresh COVID-19 cases, while the number of active cases remained unchanged at 1,817, according to Union health ministry data.
With the fresh cases, the COVID-19 caseload climbed to 4.46 crore (4,46,83,454). The death toll stands at 5,30,745, the data updated at 8 am stated.
The daily positivity rate was recorded at 0.14 per cent, while the weekly positivity rate was 0.08 per cent.
The active cases comprise 0.01 per cent of the total infections. The national COVID-19 recovery rate has increased to 98.81 per cent, according to the health ministry website.
The number of people who have recuperated from the disease surged to 4,41,50,892, while the case fatality rate was recorded at 1.19 per cent.
According to the ministry's website, 220.57 crore doses of COVID-19 vaccines have been administered so far under the nationwide vaccination drive.
India's COVID-19 tally had crossed the 20-lakh mark on August 7, 2020, 30 lakh on August 23, 40 lakh on September 5 and..
CJI D Y Chandrachud administers oath of office to five new SC judges
Britannia, ITC: Bet on FMCG stocks as index poised to record historic peak
A coal-dependent India can't move to zero overnight: GE's Mahesh Palashikar
POCO X5 Pro 5G India launch today: How to watch livestream & what to expect
Govt to meet fiscal target in coming year, capex a longer shot, shows poll
Pak's former military ruler Musharraf will be laid to rest in Karachi today
Pakistan's former military ruler General Pervez Musharraf's body will be laid to rest in Karachi, and will be brought back to the country on a special flight that will leave for Dubai on Monday, media reports said.
Musharraf, the architect of the Kargil War in 1999, died on Sunday in Dubai after a prolonged illness.
The 79-year-old former military ruler, who had been in the UAE since 2016, was undergoing treatment for amyloidosis at American Hospital Dubai.
Musharraf's body will be laid to rest in Karachi, and will be brought back to Pakistan on a special flight that would leave for Dubai on Monday, according to the Dawn newspaper.
However, the Pakistan government has not issued an official statement on the date or venue of the burial of the country's former president.
Meanwhile, the Khaleej Times reported that the Consulate General of Pakistan in Dubai has issued a no-objection certificate (NOC) to repatriate his body to Pakistan.
We are in touch with the family and the consulat..
Procter & Gamble Health soars after strong December quarter performance
WhatsApp rolls out longer group subjects, descriptions on iOS beta: Report
Dubai receives 14.36 mn int'l visitors in 2022, close to pre-Covid levels
Sell-off in bank stks amid Adani fiasco provides good entry point: Analysts
HM Amit Shah, Bengal CM Banerjee to arrive in poll-bound Tripura today
Relaxo Footwear drops after weak Q3 performance
Canadian Minister on 2-day visit to India, to hold talks with Jaishankar
Aarti Inds Q3 PAT slides 81% YoY to Rs 137 cr
MCX Gold likely to re-test Rs 58,000; Silver may drop to Rs 63,500
Indus Towers Ltd Surges 9.98%, S&P BSE Telecommunication index Gains 2.01%
PM to inaugurate India Energy Week, open HAL's factory in Karnataka today
Tata Power gains after Q3 PAT soars 122% YoY
Google Chrome may soon let users erase 15 minutes of history on Android
Twitter to charge $1,000 per month from businesses for their gold badges