US prosecutors have accused Gautam Adani and seven others of bribery. They allegedly paid millions in bribes to Indian officials for contracts. Adani Group denies the charges. The company’s stocks and bond prices have dropped. Political parties in India are debating the issue. Adani Group may appeal the charges or try to settle.
Posts in category Economic Times
Siemens shares 1.76% as Sensex rises (22-11-2024)
A total of 3,088 shares changed hands on the counter till 10:53AM (IST)
Stock market update: Nifty Realty index 2.18% in an upbeat market (22-11-2024)
The Nifty Realty index was trading 2.18 per cent at 996.60.
PSU bank stocks rally 2% as investor confidence returns (22-11-2024)
Public sector bank stocks, led by SBI, Bank of Baroda, and PNB, rebounded 2% on Friday after investor confidence returned, easing concerns over exposure to the Adani Group and boosting sentiment.
Ambuja Cements shares 2.51% as Sensex rises (22-11-2024)
A total of 207,265 shares changed hands on the counter till 10:48AM (IST)
Stock market update: FMCG stocks up as market rises (22-11-2024)
The 30-share BSE Sensex was up 399.77 points at 77555.56
ACC shares 2.63% as Sensex rises (22-11-2024)
The stock quoted a 52-week high of Rs 2843.00 and a 52-week low of Rs 1803.80.
Sensex rises! But these stocks are down 5% or more on BSE (22-11-2024)
In the Nifty pack, 41 stocks were trading in the green, while 9 stocks were trading in the red.
Rupee trades in narrow range against US dollar in early trade (22-11-2024)
The Indian rupee opened relatively flat against the US dollar despite support from positive domestic equities. Geopolitical concerns, strong US dollar performance, and continued foreign portfolio outflows weighed on the rupee. The rupee reached an all-time low on Thursday due to the strengthening US dollar and high US yields.
Share price of REC as Sensex gains 665.68 points (22-11-2024)
Promoters held 52.63 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 21.23 per cent and 8.94 per cent, respectively.