India News
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India's market regulator has completed its probe into whether billionaire Gautam Adani's conglomerate violated securities laws and action has been recommended in some cases for passing orders, it said in a filing to the country's Supreme Court on Friday.
The Securities and Exchange Board of India (SEBI) said it has investigated 24 transactions involving the Adani group's listed companies of which 22 are final in nature.
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Shares of Vodafone Idea, the debt-laden telecom services provider, jumped 6 per cent to Rs 8.43 apiece on the BSE in Friday's intraday trade, in an otherwise weak market.
Including today's gains, the stock has rallied 11.5 per cent so far this week. By comparison, the benchmark S&P BSE Sensex has slipped 0.6 per cent during this period.
At 10:20 AM, the stock the telecom company was up 5.3 per cent as against 0.56 per cent dip in the Sensex index.
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Shares of One97 Communications-owned Paytm hit a 18-month high at Rs 939, as they rallied 4 per cent on the BSE in Friday’s intra-day trade after nearly 23 million equity shares of the fintech company changed hands via block deals. Paytm is India's leading mobile payments and financial services distribution company. The stock hit its highest level since February 2022.
At 09:15 AM; around 22.75 million equity shares representing 3.6 per cent of total equity of Paytm changed hands through block deals on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.
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Reliance Retail Ventures Ltd (RRVL) may sell another 8-10 per cent of its stake to fund expansion and prepare for the initial public offering (IPO), The Economic Times (ET) reported on Friday, citing executives aware of the plan.
The process is likely to happen in the next 12 to 15 months.
The report further said that the sale of more stakes is necessary because the current valuation of $100 billion may be unsustainable and difficult for the markets to absorb.
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After concluding his two-nation visit today, from Greece Prime Minister Narendra Modi will head straight to Bengaluru, Karnataka on a pre-scheduled visit. He will meet scientists of the ISRO team involved in the Chandrayaan-3 Mission.
After a 40-day journey into space, the Chandrayaan-3 lander, 'Vikram', touched down on the uncharted lunar South Pole on Wednesday evening, making India the first country to do so.
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Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said.
OCCRP, which calls itself "an investigative reporting platform formed by 24 nonprofit investigative centres... spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said.
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Shares of D B Realty surged 6 per cent to hit an over 10-year high of Rs 156.90 on the BSE in Thursday’s intra-day trade. In the past one month, the stock price of the real estate company has more than doubled or zoomed 108 per cent. In comparison, the S&P BSE Sensex was down 1.5 per cent and S&P BSE Smallcap index gained 6 per cent in one month.
The stock had hit an all-time low of Rs 3.65 on April 22, 2020.
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Russian state-run news agencies on Wednesday said that Yevgeny Prigozhin, the head of the Wagner group that led a mutiny against Russia’s army in June, was on the list of passengers of a plane that crashed.
“The plane that crashed in the Tver Region listed Yevgeny Prigozhin among its passengers, (Russia’s aviation agency) Rosaviatsia said,” TASS news agency reported, with RIA Novosti and Interfax issuing similar reports.
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Shares of GMR Airports Infrastructure hit an over 13-year high of Rs 65.39 as they rallied 10 per cent on the BSE in Thursday's intraday trade amid heavy volumes on improved financial performance. GMR Airports handle 26 per cent of domestic and 33 per cent of international passengers of India's airport traffic.
The stock was trading higher for a fourth straight day, surging 23 per cent during the period. It was quoting at its highest level since May 2010. The average trading volumes on the counter more than doubled today with a combined 64.7 million shares having changed hands on the NSE and BSE till 10:23 AM.
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Chandrayaan-3 mission's Lander Module which touched down on the lunar surface, has rolled out the rover, Pragyan, with Isro saying "India took a walk on the moon".
On its official X handle, Isro said the "rover ramped down."
"Chandrayaan-3 ROVER: Made in India--Made for the Moon! The Ch-3 Rover ramped down from the lander and India took a walk on the moon!," it said. Official sources had earlier confirmed the development.
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