Adani stocks tumble by up to 23%, investors buy Rs. 2.60 lakh crore lost assets; Find out why

Shares of Gautam Adani-led companies saw a sharp decline of over 20 percent during Thursday’s trading session, with several high-risk counters hitting lower circuit limits. Amid this heavy sell-off, investors in 10 listed companies of the Adani Group, as the market opened, poured in Rs. 2.60 lakh crore was seen as a loss. Adani shares … Read more

Trump announces new US ambassador amid tensions with NATO and Canada, European Union and Trudeau

Washington: After finalizing the names of his cabinet ministers, the newly elected President of America Donald Trump is now finalizing the names of the American ambassadors in important countries. Meanwhile, on Wednesday he announced the name of Acting Attorney General Matthew G Whitaker for US Ambassador to the North Atlantic Treaty Organization (NATO). After this, … Read more

The Fall of a Titan: Gautam Adani Faces Serious Allegations of Bribery and Fraud

Billionaire industrialist Gautam Adani, founder and chairman of the Adani Group, is facing serious legal challenges following charges from the U.S. Securities and Exchange Commission (SEC) and the U.S. Attorney’s Office for the Eastern District of New York. These allegations include a scheme to pay over $250 million in bribes to Indian government officials to … Read more

Rupee hit record low on weaker domestic equities, stronger dollar

The Indian rupee has reached an all-time low, trading at 84.4275 against the US dollar on November 21, 2024. This decline is attributed to a combination of factors, including potential foreign outflows from domestic stocks and a resurgence in the dollar’s strength as investors recalibrate their expectations regarding US Federal Reserve interest rate policies. Key … Read more

PM Modi to strengthen India-CARICOM ties, make 7 important proposals in Guyana

Georgetown (Guyana): Prime Minister Narendra Modi has taken a big step towards strengthening ties with Caribbean countries during his visit to Guyana. PM Modi emphasized on various sectors like trade, technology and tourism during the second India-CARICOM summit in George Town. He proposed seven key points to strengthen ties between India and CARICOM during talks … Read more

NTPC Green Energy IPO 50% Subscribed on Day 2 So Far, Retail Portal Receives 2x Subscription: Check GMP Today

NTPC Green Energy IPO GMP: The NTPC Green Energy IPO, which opened for public subscription on November 19, is witnessing its second day of bidding on Thursday. Till 11:13 am on the second day of bidding on Thursday, Rs. 10,000 crore IPO was subscribed by 50 per cent and received bids for 28,07,34,090 shares against … Read more

Bitcoin hits record $97,500, up 45% in two weeks: Will it hit $100,000 soon?

Bitcoin hit a record high of $97,628 on Thursday, a major milestone even as it approaches the $100,000 threshold. Continued volatility in the world’s largest cryptocurrency follows the election of Donald Trump as the next US president, along with the election of pro-crypto lawmakers in Congress, fueling optimism for the future of digital assets. Bitcoin … Read more

Advent International Eyes Controlling Stake in VIP Industries, Promoter Revives Sale Talks: Report

Global private equity firm Advent International is in advanced discussions to acquire a controlling stake in listed luggage and travel accessories maker VIP Industries. According to a report by MintThe development revives the sale discussions initiated nearly a year ago by the Dilip Piramal-led promoter group. “The deal has been revived, and Advent is the … Read more