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Adani Group companies have added nearly ₹82,000 crore in market capitalisation to cross ₹10-lakh crore for the first time after the wild allegations made by the short-seller Hindenburg Research report in January. All the 10-Adani Group companies have ended the day on a positive note, taking the overall market capitalisation to ₹10.18-lakh crore with the […]

The rupee depreciated 13 paise to 82.80 against the US dollar in early trade on Monday, after the central bank said it will withdraw the highest value currency note from circulation. At the interbank foreign exchange, the domestic unit fell to 82.80 in initial trade, registering a decline of 13 paise over its last close. […]

Transworld Holdings plans to voluntarily delist equity shares of its Indian subsidiary, Shreyas Shipping & Logistics, through a reverse book-building process. The proposed delisting of SSL will reduce the ongoing substantial compliance costs, including the costs associated with listing equity shares such as annual listing fees and fees payable to share transfer agents, expenses towards […]

Indian steelmakers have expressed concerns over the non-availability of Railway rakes to transport iron ore and other raw materials. Steel makers through the Indian Steel Association – which has participation from the likes of Tata Steel, SAIL, JSW, JSPL, AMNS India and others – have pointed out that empty rakes (called BOXN wagons) are moving […]

A Supreme Court mandated six-member committee, led by former Supreme Court judge AM Sapre, stated that it was unable to conclude at present, that there was regulatory failure by SEBI in the Adani-Hindenburg case. The court had established the Sapre panel to investigate if there was a regulatory failure in addressing the alleged violations of […]

The share price of Refex Industries rose on the NSE by ₹71.10, hitting the 20 per cent upper circuit, and closed at an all-time-high of ₹426.64 per share of ₹10.  As many as 7.14 lakh shares were traded today, for ₹30.37 crore.   This came on the heels of the company reporting, on Thursday, an over […]

Units of Blackstone-sponsored Nexus Select Trust will be listed on the exchanges today. The issue, which was subscribed 5.74 times, came out with a price band of ₹95-100 and the company has fixed the issue price at the upper end. The REIT raised ₹3,2000 crore. The public issue comprised a fresh issuance of shares aggregating up […]

Target: ₹935 CMP: ₹799.70 Rural expansion and 5G deployment underway Airtel is in the process of strengthening its network with rural expansion and the rollout of 5G services. In 4QFY23, Airtel had the highest quarterly tower additions in its history. This led to double-digit 4G and post-paid subscriber growth y-y and lower churn. However, the […]

Orchid Pharma on Wednesday said stock exchanges have started freezing the shares of its promoters for the company’s failure to comply with market regulator SEBI’s minimum public shareholding norms within the stipulated time period. Under SEBI norms, listed companies are required to have a Minimum Public Shareholding (MPS) of 25 per cent and stock exchanges […]

Crude oil traded marginally higher on Wednesday morning following weak economic data from the US and China and an unexpected increase in crude oil inventories in the US. At 9.54 am on Wednesday, July Brent oil futures were at $75.02, up by 0.15 per cent, and June crude oil futures on WTI were at $70.92, […]