Gautam Adani News

stocks after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. While the S&P BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%, the broader Nifty50 finished at 23,349.90, lower by 168.60 points or 0.72%. Here's how analysts read the market pulse: Commenting on the day's action, analyst Jatin Gedia, who is Technical Research Analyst at Sharekhan said that the daily charts suggest that the Nifty witnessed follow-through selling pressure from the previous trading session. «It has breached the low of 23350 and is now heading towards 23180. On the upside 23500 which is the 20-day moving average shall act as an immediate hurdle zone from a short term perspective,» Gedia said.

Adani Enterprises, which plunged 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme, were among the top largecap picks of mutual funds last month. Mutual funds added around 46 lakh shares of Adani Enterprises in their portfolio in October as the number of shares went up from 2.5 crore in September to around 2.96 crore, according to a report by Nuvama Alternative & Quantitative Research. Adani Enterprises Quant Mutual Fund added around 66.61 lakh shares of this stock whereas Invesco Mutual Fund sold around 7.57 lakh shares of Adani Enterprises.

Its revenue from operations was down 24.5 per cent at Rs 544.02 crore during the quarter under review against Rs 720.57 crore in the corresponding period a year ago. Total expenses of OCL were at Rs 544.47 crore in the September quarter, down 20 per cent.

Elon Musk, the founder of SpaceX, Tesla, and the social networking company X, has the potential to become the first trillionaire in history by 1027. Informa Connect Academy, a wealth tracking organization, released a new analysis that produced this finding. The pace of growth in Musk's fortune has been 110% annually. Upon the publication of the report, the Bloomberg Billionaires Index listed him as the richest person in the world, owning $251 billion, as per the reports of The Guardian. Other people who might become trillionaires were also highlighted in the research. If Gautam Adani, the founder of an Indian business empire, continues to grow at his current rate of 123% every year, he may become a trillionaire by 2028. If their present growth continues, Prajogo Pangestu, an Indonesian oil and mining magnate, and Jensen Huang, the CEO of tech company Nvidia, may also reach the trillion-dollar threshold in 2028. By 2030, two individuals are predicted to become trillionaires: Mark Zuckerberg, the CEO of Meta, and Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton.

Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, responding to the Hindenburg report, clarified that its legislative framework does not allow the creation of shell companies.

Narendra Modi government over the Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress on Monday threatened to launch a nationwide protest if its demand for a JPC (Joint Parliamentary Committee) probe into the matter is not accepted. AICC general secretary (Organisation), K C Venugopal, described the allegations as «very serious» and accused the Prime Minister of supporting Adani on the matter. «The Prime Minister's silence on the matter amounts to a destruction of credibility,» Venugopal told reporters at the airport here.

Hindenburg Research alleged that Madhabi Puri Buch, chairperson of the Securities Exchange Board of India (SEBI), and her husband Dhaval Buch held stakes in an offshore fund with significant investments from Vinod Adani, brother of Gautam Adani. These entities were allegedly involved in a network used by Vinod Adani to siphon money, raising questions about SEBI's impartiality due to potential conflicts of interest. According to the Hindenburg report, on March 22, 2017, days before Madhabi Puri Buch’s appointment as SEBI chairperson, her husband contacted Mauritius fund administrator Trident Trust regarding their investment in the Global Dynamic Opportunities Fund (GDOF). “In the letter, Dhaval Buch requested to 'be the sole person authorised to operate the Accounts', seemingly moving the assets out of his wife's name ahead of the politically sensitive appointment,” alleged the report.

FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday's intraday trade on BSE after billionaire Gautam Adani's flagship entity Adani Enterprises on Thursday approved the demerger of the company's food FMCG business to Adani Wilmar. «It is believed that the proposed demerger will unlock the direct value of the demerged company’s shareholders into the resulting company and allow a focused strategy and specialization for sustained growth for enhanced value, which would be in the best interest of all the stakeholders and the persons connected with the aforesaid companies,» Adani Enterprises said in an exchange filing.

Praj Industries, a leading global biotechnology and engineering company, extended their winning streak for the fifth consecutive trading session on Wednesday as the stock spiked another 6.5% to hit a new record high of ₹658 apiece, surpassing its November 2023 high of 650 apiece.The stock began its upward trajectory after the company released its Q4FY24 earnings on May 30. Over the subsequent 10 sessions, it sustained this bullish trend, resulting in a gain of 30%.Also Read: 5 small-cap stocks including RattanIndia, Lloyds Engineering gave returns up to 12000% in last 5 years; check full listFurthermore, the positive sentiment surrounding the stock was bolstered by the BJP-led NDA returning to power, instilling confidence among investors that the government would uphold its commitment to the Ethanol Blending Program (EBP).

Shah Rukh Khan, the iconic Bollywood star, joined the esteemed gathering at the Rashtrapati Bhavan in New Delhi for the Prime Minister Narendra Modi's swearing-in ceremony. The ceremony, which marked Modi's third consecutive term as the Prime Minister of India, was held on Sunday. A video circulating online captured SRK's arrival at the ceremony, accompanied by his manager.

BJP leader Nitin Gadkari, popularly referred as the 'Highway Man of India', is known to be a go-getter in whatever work he undertakes. The 67-year-old leader from Nagpur in Maharashtra has been the longest serving Minister for Road Transport & Highways as he held the portfolio in the last two governments led by Narendra Modi.

Narendra Modi is set to take oath for a third consecutive term on Sunday (June 9), matching the feat of the first Prime Minister Jawaharlal Nehru, amid tense negotiations between the Bharatiya Janata Party (BJP) leadership and allies over the share of berths for various National Democratic Alliance (NDA) constituents in the new government.

renewable energy unit of billionaire Gautam Adani’s empire is at risk of missing key growth targets unless it resorts to a share issue to consolidate its finances, according to a report by Snowcap Research. Adani Green Energy Ltd., a company within the sprawling conglomerate of India’s second-richest man, is falling short of its stated return targets, London-based Snowcap said in a 51-page report on Thursday. The lower returns, coupled with rising debt-financing costs, mean the firm may not have sufficient funding to meet its 2030 renewable energy goal. The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.

One 97 Communications, which runs Paytm, on Wednesday, jumped 5% to hit the upper circuit limit at Rs 359.55 on BSE after it was reported that billionaire Gautam Adani is likely considering picking up a stake in the company. Paytm founder and CEO Vijay Shekhar Sharma met Adani at his office in Ahmedabad to «finalise the contours of a deal» on Tuesday, The Times of India reported today. Sharma owns a 9.10% stake in the company and another 10% through a foreign entity Resilient Asset Management.

acquisition of Haifa port in Israel, which has pounded Gaza after a shock attack by Hamas, sparked the Norges decision. A fourth of India's total cargo is handled by APSEZ, which owns a total of 14 ports including in Israel, Australia and Sri Lanka. An email sent to Norges seeking comment went unanswered.

P Chidambaram on May 10 questioned the silence of Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman over Rahul Gandhi’s demand of enquiry into the Prime Minister’s allegation that the grand old party has received "tempo loads of black money" from industrialists Gautam Adani and Mukesh Ambani. The silence of the two leaders is ominous, said the former Union Minister, Chidambaram. "The Hon'ble Prime Minister had made a very serious allegation: that two prominent industrialists have tempo-filling quantities of cash and they were delivered to the Congress party.

Adani-Ambani?" jibe at Rahul Gandhi, saying the Wayanad MP has finally forced the Prime Minister to expose corruption by making serious allegations against industrialists Gautam Adani and Mukesh Ambani. “Narendra Modi has made serious allegations against Gautam Adani and Mukesh Ambani. Adani and Ambani give away black money in bags.

Anant Ambani pre-wedding: SRK delivers 'Mohabbatein' dialogue in Gujarati "As I reflect on the past week in India, one thing stands out: The incredible hospitality everyone showed Paula and me, especially from Mukesh and Nita at the beautiful celebration of their son Anant and his fiancée Radhika," Bill Gates wrote. A post shared by Bill Gates (@thisisbillgates) Previously, Bill Gates also shared a picture with Infosys co-founder Nandan Nilekani and his wife. He also shared how their pre-wedding festivities gave him a chance to catch up with old friends.

Anant Ambani and Radhika Merchant in Jamnagar, Gujarat. The image of Zuckerberg and Gates meeting in Jamnagar, dressed in casual attire, caught the attention of the public and was widely shared on social media. Notably, the pre-wedding celebrations of Anant Ambani and Radhika Merchant began in Jamnagar on Friday, and many social media personalities from all walks of life were present, including industrialist Gautam Adani, Bollywood celebrities Deepika Padukone, Shah Rukh Khan and Rani Mukherjee, and even Hollywood celebrities like Rihanna.

Khosrowshahi at the Davos, he did not think that the CEO will stay at Uber for long, or that the company would survive for long. Taking to the microblogging website, X (formerly Twitter), the Mahindra Group Chairman said that Uber today is profitable with a market capital of $170 billion and has a disciplined corporate culture. He wrote: “I first met @dkhos in Davos shortly after he had taken the helm at @Uber.

Hindenburg Research handcrafted a multi-billion dollar shock with a 106-page report published online, business tycoon Gautam Adani on Thursday said his bat did the talking in the aftermath of the shortseller's attack.