Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices
The Adani group holds 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements)
Despite an overall weak market, shares of Adani Wilmar was up 2 per cent at Rs 785.90, as they bounced back 7 per cent from its intra-day low of Rs 735 per share on the BSE.
CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each
As the world changes with changing realities, some businesses will suffer. But in any case India has an unplanned advantage: It has to destroy less of the old to make way for the new, writes T N Ninan
Adani Enterprises will join the benchmark index, the most tracked stocks gauge in the country, from September 30 in place of Shree Cement.
For the uninitiated, the Nifty Next 50 is the second-most important index after the Nifty50 as quite a number of ETFs track these two indices
In a disclosure to the stock exchanges, VCPL said it had approached the IT department for clarity on the matter and received a reply from the Additional Commissioner of Income Tax
Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.
Using figures that differed from those cited by CreditSights in the report last month, the conglomerate said the leverage ratios of its companies 'continue to be healthy'
The clarification came days after the company said its open offer for a 26 per cent stake in NDTV would tentatively open on October 17
Index inclusion comes after the 'best has played out for the stock' is an overarching concern
CLOSING BELL: ITC, the biggest cigarette maker, and the second largest fast moving consumer goods (FMCG) company in India, regained the market capitalisation of Rs 4 trillion on Friday
Adani Enterprises will join the benchmark index, the most tracked stocks gauge in the country, from September 30 in place of Shree Cement
India's National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept 30
Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.
Adani Enterprises said that the RRPR disclosure lacked bonafides and had no merit or basis either in law or in fact and was misconceived
Adani Enterprises will replace Shree Cement in the most tracked stocks gauge in India on September 30
On Monday both NDTV and the Adani group sought Sebi's guidance on whether or not RRPR Holdings, the promoter entity of NDTV, can transfer its shares to the Adani group
Says any subsequent attempt to return money received or original warrant certificate will have no legal effect on exercise of warrants by VCPL