Asia

Adani Row: Where do Indian banks stand? Total exposure at $9 billion; SBI, PNB, Bank of Baroda claim 'still safer' despite stock rout

In a virtual press conference, PNB CEO said there was no cause for concern, despite the bank's exposure of Rs 7,000 crore to the group

Feb 6, 2023

Hindenburg Impact: Adani Electricity, Adani Ports ratings revised to 'negative'

The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai, said S&P ratings

Feb 4, 2023

'Govt has nothing to do with Adani issue,' says Union Minister; SEBI silent

Parliamentary Affairs Minister Pralhad Joshi on Friday categorically said that the government has nothing to do with the Hindenburg report on Adani group

Feb 3, 2023

Budget 2023-24: No tax on personal Income up to Rs 7 lakh

Insurance firms face market reality after 'Halahala' poison in 'Amrit Kaal' budget

Life insurance scrips suffer from 'Halahala' poison in Amrit Kaal budget

Feb 2, 2023

Market enthusiasm fades after a brief post-budget rally; Sensex down at 59,900, Nifty hovers around 17,700

As of 2:10 PM, Sensex is trading up nearly 300 points or 0.5% to 59,841 points, while Nifty is trading at 17,701 points, up 40 points or 0.22%, while Nifty Bank is trading up more than 500 points or 1.34% to 41,200 points

Feb 1, 2023

Budget 2023-24: No tax on personal Income up to Rs 7 lakh [Details]

A tax of 5 per cent would be levied on total income between Rs 3 lakh and Rs 6 lakh, 10 per cent tax would be imposed on income between Rs 6 lakh to Rs 9 lakh, it would be 15 per cent on income between the range of Rs 9 lakh to Rs 12 lakh.

Feb 1, 2023

Sensex, Nifty turn flat; investors brace for Union Budget and fed's policy outcome

As of 1:15 PM, Sensex is trading down merely 16 points or 0.02% to 59,484 points, while Nifty is trading flat at 17,647 points and Nifty Bank is trading up 300 points or 0.75% to 40,688 points

Jan 31, 2023

Stock market falls sharply as Hindenburg report intensifies selling pressure on D-Street; Sensex below 59,000, Nifty around 17,500

As of 1:15 PM, Sensex is trading more than 400 points or 0.7% lower to 58,914 points, while Nifty is trading at 17,465 points, down 140 points or 0.8% and Nifty Bank is trading nearly 600 points or 1.45% lower to 39,761 points

Jan 30, 2023

Will LIC sustain net gains of Rs 27,300 crore from investments in Adani Group shares?

LIC's total investment in Adani shares has been at Rs 28,400 crore and they reached the value before the crash of last week was Rs 72,200 crore.

Jan 30, 2023

What if Adani's FPO fails? No plans to reduce price, may postpone expansion plan, says CFO

Of the total that the company is raising through the FPO, nearly ₹11,000 crore will be invested in businesses such as green hydrogen, airports and roads

Jan 30, 2023

Hindenburg Report Impact: Adani shares plunge by 20%, Sensex down by 700 points

As per the Bloomberg Billionaires Index, Gautam Adani lost about $6 billion (₹48,600 crore), down nearly 5%, a day after Hindenburg report was released

Jan 27, 2023

Hidenburg report on Adani Group: "No small matter", Congress demands probe by SEBI

Congress on Friday said financial instability will affect India's stature abroad, and demanded an investigation by Sebi on the Hidenburg report on Adani group

Jan 27, 2023

What's Hindenburg Research report? Adani Group reacts strongly, says 'evaluating punitive' action

The report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, said Adani group

Jan 26, 2023

Benchmark indices fall over 1%; Sensex slides more than 600 points, Nifty falls below 17950

So far in the trading session, Sensex sank more than 600 points or 1.05% to trade at 60,338 points, while Nifty lost nearly 200 points or 1.07% to trade at 17,925 points and Nifty Bank wiped out more than 900 points or 2.19% to trade below 42,000 mark.

Jan 25, 2023

Stock market extends gains; Sensex is up 120 points, Nifty trades close to 18150

As of 1:15 PM, frontline indices are trading close to the previous close. Sensex is trading at 61,022 points, up 80 points or 0.13%, whereas Nifty is up merely 12 points or 0.05% to trade at 18,130 points. However, Nifty Bank turned red intra-day as it lost almost 50 points or 0.13% to trade at 42,766 points

Jan 24, 2023

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