Indian Stock Market Daily Updates
Shares of Adani Enterprises rose as much as 5% on May 23, 2023, after news reports that global investment firm GQG Partners has raised its stake in the company. GQG Partners is said to have acquired a 1.2% stake in Adani Enterprises, taking its total holding in the company to 4.2%. The news of GQG … Read more
Supreme Court-appointed panel of experts has given a clean chit to the Adani Group in connection with allegations of price manipulation and regulatory failure. The panel, which was set up in 2021 to investigate the matter, said that there was no evidence to support the allegations. The allegations against the Adani Group were made by … Read more
The Securities and Exchange Board of India (SEBI) has identified 13 transactions for related party norms and fraudulent trade violations in Adani Group companies. The transactions were between Adani Group companies and three offshore entities, which are said to have links to Adani Group founder Gautam Adani’s elder brother, Vinod Adani. The transactions are alleged … Read more
Adani Ports and Special Economic Zone Limited (APSEZ) generated ₹14,000 crore (US$1.7 billion) in revenue from Indian Railways in the financial year 2022-23. This was an increase of 13% from the previous year. The revenue was generated from the movement of coal, iron ore, and other commodities. APSEZ has a network of 12 ports and … Read more