The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again

Image: Bloomberg

Bloomberg

A constitution bench has reviewed the challenge to the abrogation of Article 370, exploring the constitutionality of the process and its impact on Jammu and Kashmir's special privileges

Supreme Court, Manipur violence

Business Standard

Ahuja was appointed as MD and CEO in May 2018. Manu Ahuja was an alumnus of XLRI Jamshedpur and Thapar Institute of Engineering, Patiala

Manu Ahuja

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities.
Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80.
HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation.
HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore at close on Friday. LIC had reclaimed the Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourse on Thursday.
However, at cl

HDFC Bank

Press Trust of India

Foreign portfolio investors (FPIs) injected Rs 26,505 crore into the Indian equity markets in the first six trading sessions of this month on expectations of political stability after the BJP stormed to power in three major states and robust economic growth.
This came following a net investment of Rs 9,000 crore in October. Before this, overseas investors withdrew 39,300 crore in August and September, data with the depositories showed.
Going forward, FPI inflows are likely to continue, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
According to the data, FPIs made a net investment of Rs 26,505 crore in Indian equities in this month (till December 8).
Kislay Upadhyay, the founder of FidelFolio Investments, attributed the FPI inflows to the outcome of major state elections that signalled political stability going forward..
"The indication of political stability after the 2024 General elections, strong growth momentum in the Indian economy, inflation

The NCLT on Monday dismissed Willis Lease Finance's plea to initiate insolvency against SpiceJet over unpaid dues due to some technical defects in their plea

A SpiceJet passenger aircraft prepares to land at Sardar Vallabhbhai Patel international airport in Ahmedabad

As India tries to boost domestic manufacturing and EV adoption, Tesla is proposing to set up an Indian factory, but is demanding lower import taxes for electric cars

Tata motors

Reuters

The market share in the first quarter of FY24 stood at 33 per cent for private banks and 61 per cent for PSBs

Finance ministry, state-run banks discuss 3-year strategic roadmap

banks

In his first decision after taking the oath, the 54-year-old CM began the process of implementing the Congress' six poll guarantees, and his second plan is to provide jobs to disabled women

Telangana Chief Minister Anumula Revanth Reddy (second from left) flanked by Congress President Mallikarjun Kharge (left), and party leaders Sonia Gandhi, Rahul Gandhi, and Priyanka Gandhi Vadra during his oath taking ceremony in Hyderabad on Thursda

Pannun, who is a designated terrorist by the National Investigation Agency (NIA), in a recent video, threatened to attack Parliament on or before December 13

Sikh separatist leader Gurpatwant Singh Pannun

Tata Steel, Vedanta, NMDC among mining giants exploring the opportunity

mineral block, mining

On Monday, SC will deliver its verdict on a batch of pleas challenging the abrogation of Article 370 of the Constitution which conferred special status on the erstwhile State of J&K

Raise coverage under food security Act: Supreme Court tells Centre

Supreme Court

This is the third time since August that SoftBank will offload its stake in Zomato, India's largest online food delivery service. It sold a similar stake in October

Zomato is now allowing its users to build multiple carts at one time

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI Governor Shaktikanta Das kept the repo rate unchaged on friday but raised GDP projections

South Asia's largest small-scale industrial hub lost Rs 2,000 crore during the Chennai flood

Chennai flood

Negotiators have been urged to narrow down their options so they can agree on how to save Earth from disastrous levels of warming and help vulnerable societies adapt to weather extremes as the clock runs down on United Nations climate talks.
COP28 President Sultan al-Jaber told journalists Sunday afternoon that negotiators were making good progress, just not fast enough.
Am I satisfied with the speed and the pace? al-Jaber said, as protesters could be heard nearby calling for the end of fossil fuels. The answer is no. ... Time has come for us to shift gears. Time has come for us to deliver.
There some were signs negotiators were moving forward on Sunday: A new draft agreement on global adaptation goals  which will determine how poor countries will brace themselves for climate change-fuelled weather extremes like drought, heat and storms  was released.
The draft text expresses concern over the gap between the money needed for adaptation and how much countries are getting, but it ...

cop28

AAP national convenor Arvind Kejriwal and Punjab Chief Minister Bhagwant Mann launched the "Bhagwant Mann Sarkar Tuhade Dwar" scheme, aimed at providing citizen-centric services to people at their doorstep, on Sunday.
Under the scheme, people will get 43 services, including issuance of certificates of birth, marriage, death, income, residence, caste, rural area, border area, backward area, pension, payment of electricity bills and land demarcation.
Addressing a gathering here after the launch of the scheme, Delhi Chief Minister Kejriwal said it is a historic day not only for Punjab, but also for the country.
"The work that is going to commence in Punjab is not less than any revolution. It is a revolutionary step," said Kejriwal, who was accompanied by Mann.
"You do not need to go to offices. Your work will be done at your doorstep," he added.
Kejriwal said as many as 43 government services will be delivered at the doorstep of people.
He said to avail these services, people will h

Bhagwant Mann

The two persons who allegedly shot Shri Rashtriya Rajput Karni Sena chief Sukhdev Singh Gogamedi in Jaipur were staying on fake IDs at a hotel in Chandigarh while on their run, Delhi Police said on Sunday.
Sources said the duo attackers -- Rohit Rathore of Jaipur and Nitin Fauji of Haryana's Mahendragarh -- had planned to flee the country and had been allegedly promised Rs 50,000 each to kill Gogamedi.
The two alleged killers were nabbed by the teams of Delhi and Rajasthan police from Hotel Kamal Palace at Sector 24 in Chandigarh on Saturday night.
They were accompanied by another associate Udham Singh who had allegedly provided them logistical support for evading arrest.
"The trio have been taken to Jaipur by Rajasthan police for further interrogation," Deputy Commissioner of Police (Crime) Amit Goel told PTI.
Goel said the arms used in the commission of the crime are yet to be recovered.
According to Special Commissioner of Police (Crime) Ravindra Yadav, the Delhi Police was ..

Sukhdev Singh Gogamedi

Jharkhand Congress in-charge Avinash Pandey on Sunday said that a clarification has been sought from party MP Dheeraj Sahu in connection with the recovery of huge cash from premises linked to him.
Pandey, however, clarified that is it a private matter of Dheeraj Sahu and the party has nothing to do with it.
"Since he is Congress MP, he should make an official statement about how such a big amount of money came to him," Pandey said while speaking to media persons at Ranchi's Birsa Munda airport.
He also said, "The party has a clear-cut stand that it is a private matter of Dheeraj Sahu, which has nothing to do with the Congress party.
A huge pile of cash has been recovered so far in the searches conducted by the Income Tax department against Odisha-based Boudh Distillery Private Limited and entities linked to it. Premises linked to Sahu were also covered as part of the searches, according to officials.
The seizure amount is expected to reach Rs 290 crore, making it the "highest-ever

dheeraj sahu

The Assam Chief Minister made this statement at the time when there was an allegation that a large number of people's names were enrolled in the NRC list by forgery

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At COP28, sticking points remain on fossil fuels and adapting to climate

Kejriwal, CM Mann launch scheme in Punjab to deliver services at doorstep

Gogamedi murder: Accused stayed in Chandigarh hotel, planned to go abroad

Clarification sought from Dheeraj Sahu: Jharkhand Congress in-charge

'Will try to delete forged names from NRC list': Assam Chief Minister Sarma

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Adani's bond rebound almost erase losses incurred from Hindenburg report

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Manu Ahuja, MD &CEO of Jubilant Agri and Consumer Products, passes away

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

FPIs invest Rs 26,505 cr in equities in first six sessions of December

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