The uptick in the share price came after the company announced that its associate company, Controp-Paras Technologies Private Limited, has secured an order worth Rs 305 crore from L&T.
Shiv Sena (UBT) leader Sanjay Raut on Sunday said the "united opposition" feels a probe into the Adani group companies is necessary and his party is in support of such a demand. Talking to reporters, Raut said he does not wish to get involved in the differences between the Congress and the Nationalist Congress Party over the nature of the investigation. "The united opposition feels a probe is necessary into the Adani companies and the Shiv Sena (UBT) is part of it (opposition),'' he said . A probe monitored by the Supreme Court and an inquiry by a Joint Parliamentary Committee (JPC) can be done together, the Rajya Sabha member said. Raut said industrialists should be supported, but not corruption. Notably, Nationalist Congress Party (NCP) president Sharad Pawar had in an interview to NDTV on Friday said the inquiry committee appointed by the Supreme Court following allegations of stock manipulation levelled against the Adani group by US-based Hindenburg Research would be more ...
Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'. "Leading IT companies TCS and Infosys will report their results this week. Due to concerns about a worldwide recession, markets will pay close attention to management commentary. US inflation and non-farm payroll figures will be important things to keep an eye on the global front. "In addition to FIIs' actions, other crucial market-determining variables include the movement of crude oil prices, the dollar index, and US bond yields," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. TCS will announce its quarterly earnings on Wednesday and Infosys on Thursday. Ajit Mishra, VP -
Baring Private Equity India Investment Manager LLP has settled with markets regulator Sebi a case pertaining to alleged flouting of AIF rules. This came after Baring Private Equity (noticee) proposed to settle the proceedings through a settlement order "without admitting or denying the findings". In the settlement order passed on Monday, Sebi said, "The instant adjudication proceedings initiated against Baring Private Equity India Investment Manager LLP vide SCN dated on May 12, 2022 is disposed of". The Securities and Exchange Board of India (Sebi) had initiated the adjudication proceedings for the alleged violation of AIF (Alternative Investment Fund) norms. Thereafter, the regulator issued a show cause notice (SCN) to the noticee on May 12, 2022, for violating AIF rules. Pending adjudication proceedings, the noticee filed a settlement application with Sebi to settle the case. The regulator recommended the settlement of instant proceedings upon payment of Rs 16.57 lakh. After t
(Reuters) India's Adani Group on Monday said shares related to some group companies will be released following the pre-payment of $1.11 billion of loans ahead of their maturity in 2024
The brutal selloff induced by the report has not only had an impact on Gautam Adani's personal wealth but also reduced India's weighting in MSCI's emerging-market benchmark
After closing three weeks with losses, the benchmark indices ended the last week of 2022 with gains
The Sensex declined 3.5 per cent in December - its worst last-month returns since 2011
Market regulator also working on new discussion paper for ESG rating providers
After a sustained run, the benchmark Nifty is likely to move sideways and action could shift to the broader market
FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges
Currently, 14 SGX Clearing Members have been onboarded for the transition
The rally was underpinned by strong inflows from foreign portfolio investors (FPIs)
Experts say gains by Indian equities will be steady if is no crude oil price surge
Having spent nearly two decades at the country's largest bourse, Ramamurthy is among the early architects of NSE and understands all the cogs of the exchange wheel like only a few others
Ramamurthy is currently the Chief Operating Officer-India at Bank of America
"We are excited to welcome Arvind to our leadership team," said Prosus-owned PayU India in a statement
Detects breach of clearing fee rules, issue of contracts without bidding process and vendor payments without supporting bills
However, the timeline issue for many FPIs remains, as the relaxation still compels them to book forex during non-market hours
Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic