Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23
CLOSING BELL: The NSE Nifty 50 ended with a gain of 84 points; Realty index soared over 4%; auto and bank shares also logged significant gains.
Stocks of at least four companies controlled by billionaire Gautam Adani - including the conglomerate's flagship Adani Enterprises Ltd. - show a strong tendency to climb in the second half of year
Stocks to Watch today: Adani Enterprises and Adani Transmission will together raise Rs 21,000 crore
Three companies controlled by Adani are considering a fundraising that may draw as much as $5 billion
The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise
Billionaire Gautam Adani's conglomerate is looking to raise USD 2-2.5 billion through an equity share sale in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short seller. Boards of two group companies will meet on May 13 to consider fundraising, according to stock exchange filings. "A meeting of the board of directors of Adani Enterprises Ltd will be held on Saturday, May 13, 2023, at Ahmedabad, inter alia, to consider and approve the proposal of the raising of funds by way of issuance equity shares or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods," the firm said in the filing. Adani Green Energy Ltd - the group's renewable energy company - too sent out a similarly worded filing. Neither of the two companies disclosed how much money they intend to .
CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise
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Adani Enterprises Ltd., the Indian tycoon's flagship, said in a statement on Wednesday it's holding a May 13 board meeting to consider selling stock
Adani Enterprises Ltd said on Wednesday that the company's board will hold a meeting on May 13 to approve a proposal to raise funds
CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.
Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.
Group flagship company is focused on 'governance, compliance, performance': Gautam Adani
Adani Enterprises Q4 results: The revenue from operations of the flagship firm of the Adani Group was up 26.06 per cent to Rs 31,346.05 crore in the quarter
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations. Hindenburg stated that the independent auditor for the group's flagship firm, Adani Enterprises, and its city gas retailer Adani Total Gas Ltd is a "tiny firm" called Shah Dhandharia. "Shah Dhandharia seems to have no current website. Historical archives of its website show that it had only 4 partners and 11 employees. Records show it pays Rs 32,000 (USD 435 in 2021) in monthly office rent. The only other listed entity we found that it audits has a ..
Shares of Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Ambuja Cements and Adani Ports and Special Economic Zone were trading 3-7 per cent lower intra-day
Adani Total Gas and Ambuja Cements are scheduled to announce their Q4FY23 results today. Adani Wilmar will announce its Q4FY23 numbers on May 3; Adani Enterprises on May 4; and Adani Power on May 5
New York-based Hindenburg in January accused Adani Group of using a web of companies in tax havens to inflate revenue and stock prices, even as debt piled up
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