Adani Enterprises’ board has approved raising up to Rs 16,600 crore through a qualified institutional placement of shares. These shares will have a face value of Rs 1 each, and the fund raising will be done through one or more tranches, the company notified exchanges on Tuesday. On Monday, the board of group firm Adani … Read more
NEW DELHI: Despite opportunities of a windfall, govt has decided against diluting its stake in Vodafone Idea as the company, which has seen a surge in its share prices over the past few months, takes final steps towards fund-raise that will take place on Feb 27.At 33%, govt remains the largest shareholder in the company, … Read more
Mumbai: Various global multinational giants have poured cold water on the expectations of local investors, who mopped up shares of Indian subsidiaries of these entities in anticipation of their delisting from the domestic bourses. With parents of at least eight MNCs choosing to cash out of the domestic arms in the wake of the sharp … Read more
BANGKOK: China’s central bank said Wednesday it will cut the ratio of reserves banks must hold as part of a slew of measures to support the slowing economy. The announcement by the People’s Bank of China prompted a surge in share prices, with Hong Kong’s benchmark jumping 3.6%. Chinese stock markets have languished in recent … Read more
Mumbai: Adani group stocks rallied between 2% and 10% on Monday following the victory of the Bharatiya Janata Party (BJP) in three key state elections. These wins are seen as a harbinger of the BJP’s performance in the general elections in April-May 2024. Analysts said the BJP’s expected return to power in 2024 is perceived … Read more