Latest Updates Around The World
Billionaire Mukesh Ambani-backed shares of Reliance Industries (RIL) rose 7% to a day’s high of Rs 1,489 on BSE, while shares of Adani Group rose up to 13% on Tuesday after US President Donald Trump announced a landmark trade deal between India and the US that cuts tariffs from 50% to 18% and opened the […]
Adani Power on Thursday reported a 19% year-on-year decline in December consolidated net profit at Rs 2,480 crore, compared to Rs 3,057 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the parent company. Operating income from operations stood at Rs 12,451 crore in Q3FY26, down 9% […]
Adani Group companies, including Adani Power, Adani Enterprises, Adani Ports and Adani Green Energy, issued a statement through an exchange filing on Saturday in response to recent media reports claiming that the US Securities and Exchange Commission (US SEC) is seeking court approval to serve legal summons on Adani Group Chairman Gautam Adani and his […]
Adani Power is looking to raise around Rs 7,500 crore from institutional investors through the issuance of non-convertible debentures (NCDs), people familiar with the matter told ET.The thermal energy giant is tapping the bond market at a time when investor demand for corporate bonds is high. The fundraising is expected to start in the next […]
Domestic brokerage firm JM Financial has initiated coverage on Adani Power with a ‘Buy’ rating, setting a target price of Rs 178 per share. This implies a potential upside of 22.8% over the current market price of around Rs 145.The brokerage’s optimism stems from the company’s strong execution capabilities, dominant position in thermal energy and […]
The Indian stock index could be headed for another leg higher in the next 15 months as the long-awaited earnings recovery takes hold. Antique Stock Broking has forecast the Nifty 50 to rise to 29,500 by March 2027 and urged investors to position themselves for a rebound led by banks, capex and select discretionary stocks. […]
The Indian market closed its first trading session of the year with little change on Thursday. The Sensex closed marginally lower and the Nifty closed modestly higher. Gains among IT heavyweights offset losses caused by a decline in ITC after the government announced a new tax on cigarettes.The BSE Sensex fell 32 points, or 0.04%, […]
Shares of Adani Power rose as much as 7.1% to rise to Rs 153.20 on the BSE on Thursday as investors assessed the company’s long-term growth prospects amid expectations of rising demand for baseload power, a pipeline for major capacity expansion and improving earnings visibility, as highlighted in recent brokerage reports.In a recent introductory note, […]
Markets traded dull for the second straight session on Wednesday, ending marginally lower, indicating continued consolidation after the recent surge. Analysts maintain a positive bias amid the ongoing consolidation in the index and continue to recommend a buy-on-dips approach as long as the Nifty maintains its prevailing uptrend.“For renewed momentum, stronger participation from the banking […]
India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has sold nearly 2% stake in Adani Ports and Special Economic Zone (APSEZ) between November 2022 and December 2025, bringing its stake down to 7.34%, according to APSEZ’s filing with the stock exchanges on Friday.LIC had earlier held 9.35% stake in the APSEZ, which […]
