At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 430.59 points or 0.55% to 77,147.75. The Nifty 50 index lost 164.75 points or 0.70% to 23,353.75.
Posts in category Business Standard
Adani group stocks’ combined mcap erodes by Rs 2.45 trn amid allegations (21-11-2024)
Adani group stocks faced heavy drubbing during the morning trade on Thursday, with the combined market valuation of all the listed firms getting eroded by Rs 2.45 lakh crore, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts.
The stock of the group’s flagship firm Adani Enterprises plunged 22.99 per cent, Adani Ports dived 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.53 per cent and Adani Total Gas tumbled 18.14 per cent on the BSE.
Shares of Adani Power slumped 17.79 per cent, Ambuja Cements cracked 17.59 per cent, ACC fell 14.54 per cent, NDTV dropped 14.37 per cent and Adani Wilmar declined 10 per cent.
Some of the group firms also hit their lowest trading permissible limit for the day.
The combined market capitalisation (mcap) of all the ten listed group firms eroded by R
System liquidity moderated in latter half of October on build-up in government cash balances (21-11-2024)
According to Reserve Bank of India (RBI), system liquidity moderated in the latter half of October with the build-up in government cash balances on account of higher GST collections 18 and festival related expansion in currency in circulation. Government spending eased liquidity conditions in early November. Overall, system liquidity remained in surplus during the second half of October and early November, with the average daily net absorption under the liquidity adjustment facility (LAF) increasing to Rs 1.72 lakh crore during October 16 to November 18, 2024 from Rs 1.14 lakh crore during September 16 to October 15, 2024.
Godrej Properties rises after acquiring 53-acre land in Kolkata (21-11-2024)
Godrej Properties (GPL) advanced 1.07% to Rs 2,718.95 after the company announced that it has acquired a 53-acre land parcel in Kolkata with an estimated potential development of 1.3 million square feet of saleable area.
Tata Tech signs MoA with Tripura Govt for ITI upgrade project (21-11-2024)
Tata Technologies signed a memorandum of agreement (MoA) with Department of Industries & Commerce, Government of Tripura, Secretariat, Agartala, for ITI Upgrade project for upgrading 19 ITI across Tripura for Rs 95.65 crore.
Indo US Bio-Tech shares up 3% on declaring dividend on Nov 21; details here (21-11-2024)
The uptick in Indo US Bio-Tech shares came after the company announced that the Board of Directors of the company has declared an interim dividend of Rs 0.25 per equity share for FY25
Bharti Airtel extends partnership with Nokia (21-11-2024)
For deployment of 4G and 5G equipment for its India operations
JTL Inds inks JV agreement with Singla Constructions (21-11-2024)
JTL Industries announced that it has entered into a special purpose Joint Venture Agreement with Singla Constructions to jointly participate in a railway tender.
Anand Rayons Ltd leads gainers in ‘B’ group (21-11-2024)
Jindal Poly Investment & Finance Company Ltd, Tainwala Chemicals & Plastics (India) Ltd, Shiva Cement Ltd and Artemis Medicare Services Ltd are among the other gainers in the BSE’s ‘B’ group today, 21 November 2024.
Financials, oil, gas and consumable fuels, and FMCG recorded the highest FPI outflows during October says RBI (21-11-2024)
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