Adani Group stocks surge as market pays no heed to OCCRP's allegations of malpractice
Mumbai: A day after Gautam Adani-led Adani Group strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP), its shares recovered from intra-day lows to trade in the green, apparently reflecting the minimal impact of the charges on investors.
After rout in Adani stocks, LIC likely to cap exposure in companies: Report
Mumbai: After $100 billion erosion in Adani stocks in the wake of Hindenburg Research’s negative report, the Life Insurance Corporation (LIC) is mulling its debt and equity exposure limit to companies, according to a media report.
Adani Group repays $500 million bridge loan to restore investors' faith: Report
Embattled Adani Group has settled a $500 million bridge loan due on Thursday, as part of its effort to restore faith in its financial stability following a critical report from US-based short seller Hindenburg Research, Bloomberg reported.
Adani Enterprises removed from NSE's short-term additional surveillance framework
Mumbai/IBNS: Adani Enterprises, the flagship company of the Adani conglomerate that deals with ports and power, has been taken off the National Stock Exchange's (NSE) short-term additional surveillance framework, media reports said on Monday.
MC A10 Index improves 8% on Adani Enterprises stocks: Report
Mumbai: The MC A10 index, which is an indicator of Adani Group stocks, ended a seven-day losing streak due to some low-level purchasing in some of the companies, despite the benchmark indices closing half a percent lower, media reports said.
Adani Enterprises shares jump 25 pc after loan prepayment announcement
Mumbai/IBNS: Share prices of Adani Enterprises jumped as much as 25 percent on Tuesday after the firm announced to prepay more than $1 billion in loans, media reports said.
Exposure of domestic banks to Adani Group 'limited', says rating agency Moody's
Mumbai/IBNS: Rating agency Moody's Investor Services has said the Indian banks face “limited” risk due to a massive decline in the value of Adani, according to media reports.