To earn 400 crore initially, Adani Enterprises Limited has started a public offering of secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of 1,000 each. According to an exchange filing, the company has also included a green shoe option that permits an oversubscription of up to ₹400 crore, increasing the maximum possible … Read more
With the energy sector feeling the effects of falling oil prices and investors assessing bank earnings forecasts following inconsistent results from some of Canada’s largest lenders, the country’s main stock index closed Tuesday down, retreating from a record high. The S&P/TSX composite index (.GSPTSE), on the Toronto Stock Exchange finished at 23,259.96, down 89.01 points, … Read more
The latest move by the short seller whose reports have shaken several high-profile firms, Hindenburg Research revealed on Tuesday a short position in Super Micro Computer and accused “accounting manipulation” at the developer of AI servers. The short seller, who has battled with billionaire investor Carl Icahn and Indian businessman Gautam Adani, is pitted against … Read more
Anil Ambani, the chairman of Reliance Group, is examining “appropriate” options in response to the Securities and Exchange Board of India’s (Sebi) exclusion from the stock market and Rs 25-crore penalties for allegedly diverting funds from Reliance Capital’s former subsidiary Reliance Home Finance (RHFL). A representative for Ambani issued a statement stating that he had … Read more
The opening transactions on Tuesday saw a 5% increase in the share price of multi-bagger GPT Infraprojects. GPT Infraprojects’ stock price increased to ₹192.95, representing gains of more than 5%, after opening at ₹186.85 on the BSE, over 1.7% higher than the previous closing of ₹183.80. Investors have received multi-bagger returns from GPT Infraprojects’ share … Read more
The Securities and Exchange Board of India (SEBI) has given the Bengaluru-based investment management company Capitalmind Financial Services Private Limited preliminary approval to introduce a new mutual fund. A press release from the company stated that this milestone fell in conjunction with the company’s tenth anniversary. “Receiving SEBI’s in-principle approval for a mutual fund is … Read more
The owners of the online payments company Paytm, One 97 Communications Ltd, saw their shares rise more than 3% on Tuesday, August 27, to an intraday high of ₹548 a share on the NSE. This came after the company clarified some media reports about show-cause notices issued by the Securities Exchange Board of India (SEBI). … Read more
To reach its goal of $75 billion in electronics sales by 2030, LG Electronics Inc. is thinking about going public with its India division, capitalising on the country’s thriving stock market. Reviving a decades-old consumer electronics firm is a priority for Chief Executive Officer William Cho, and one of the options being considered is a … Read more
Expectations of increased dividend payouts and strong local demand may be the foundation of an ongoing bull run in India’s oil and gas businesses. With a 31% increase this year, the Nifty Energy Index—a local sector benchmark—is headed for a nine-year winning run. Half of the top 10 performances on the Bloomberg gauge, which tracks … Read more
A drop in the yen’s upward trend encouraged buybacks of shares linked to exports, but Japan’s Nikkei share average fell during early trade on Tuesday as domestic technology firms followed Wall Street’s falls to weigh on the index. For the noon break, the Nikkei was down 0.1% at 38,055.62, while the Topix as a whole … Read more
