Bonds of Adani Green, Adani Ports & SEZ, Adani Transmission and Adani Electricity Mumbai (AEML) were little changed from Friday and were trading at a lower yield than their recent peak.
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Adani reaches out to Abu Dhabi Inc for capital infusion
Senior representatives of the group, led by chairman Gautam Adani, Group CFO Jugeshinder Singh and other executives have been in the Middle East for the past week. Meetings have also been held with Abu Dhabi Investment Authority (ADIA) and other sovereign wealth funds (SWF) of Abu Dhabi, those cited above Continue Reading
Adani shock rips through ESG funds as strategy fails test
Stocks bearing the Adani name appear in more than 500 so-called Article 8 funds that are supposed to “promote” environmental, social and governance goals under European Union rules, data compiled by Bloomberg show. About 80 of those exposures are via direct holdings, while the rest are mainly through funds of Continue Reading
Sebi’s enquiring into Hindenburg allegations
The capital markets regulator made these comment in a report sought by the Supreme Court late last week in response to a public interest litigation (PIL) asking for an inquiry into the sell-off in Adani stocks triggered by the Hindenburg report.
Adani stocks extend losing run
Adani Enterprises, Adani Transmission, Adani Total Gas and ACC could see outflows of $425 million or about ₹3,450 crore by the end of this month when the MSCI index adjustments come into effect.
Farmers stare at loss as potato prices halve amid glut in UP, Punjab, Bengal
Sowing of potatoes usually begins in November, while the crop is harvested the following January. Uttar Pradesh, the largest producer of the tuber, has witnessed a 15% increase in production in the latest crop season compared with a year earlier, when the state had produced 15.5 million tonnes of potatoes.
Redemption of sovereign gold bonds expected to spike in FY24
The scheme was launched in November 2015, as part of the government’s efforts to trim physical gold demand. Gold bonds have an eight-year tenor, with an exit option for investors from the fifth year. Gross gold bond issuances by the government are expected to be lower at ₹11,200 crore in Continue Reading
Technology, innovation critical factors for improving healthcare infrastructure: NITI Aayog CEO
From diagnosis of the disease to providing treatment, the use of artificial intellgience is proving beneficial in transforming India’s healthcare system, he added. In the coming years, Iyer noted that there will be a significant amount of increase in the number of digital healthcare solutions.
Road projects to see 2-5 per cent hike in inflation-linked toll rates in FY24: Report
Rating agency Icra has revised down the outlook on the toll road sector to stable from positive for FY24, citing the easing wholesale price inflation which fell to 4.95 per cent in December 2022. The wholesale price index (WPI) based inflation is expected to fall further and is likely to Continue Reading
Tech View: Nifty forms bearish candle. What should traders do on Tuesday
Since last week, Nifty has been range-bound, and until we get a decisive move above the zone of 17850 – 17900, the range-bound action is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal and also suggests that this dip should be bought Continue Reading