LIVE updates: 'Centre monitoring situation', says BJP on Adani stock rout

The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. Stay tuned for the latest updates.

Live news updates: Amid the raging controversy over Adani Group's stocks, the BJP on Saturday said financial markets are highly regulated and the Centre is closely monitoring the situation.

Meanwhile, the markets regulator Sebi said that it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares.

In the latest development, Adani Enterprises Ltd. has shelved a plan to raise as much as Rs 10,000 crore ($122 million) via its first-ever public sale of bonds following a market rout, according to people familiar with the matter.
 

The Brihanmumbai Municipal Corporation (BMC), the richest civic body in the country, today presented Rs 52,619.07 crore budget for the year 2023-24, with the budgetary estimates crossing the Rs 50,000 crore-mark for the first time.

Prime Minister Narendra Modi has become the most liked leader in the world with an approval rating of above 75%. The political intelligence company Morning Consult released a list of world leaders trending on the basis of their approval ratings among 22 nations that it surveyed. PM Modi is followed by Mexican President Andrés Manuel López Obrador, Swiss President Alain Berset among others.