[ad_1] MUMBAI: Backed by strong buying by foreign investors, investors on Dalal Street took the sensex to a new life-high on Friday for the third session this week. The sensex gained 803 points, or 1.3%, to close at 64,719. The high for the day was at 64,769 points, which was the all-time peak for the … Read more
[ad_1] Apple Inc‘s market capitalisation on Friday breached the $3 trillion mark again, as investors bet on the iPhone maker’s ability to grow it’s revenue even as it explores new markets such as virtual reality. Shares of Apple, which is also the world’s most valuable listed company, were up 0.9% at $191.4 in morning trading. … Read more
[ad_1] NEW DELHI: India’s benchmark stock indexes, the Sensex and Nifty 50, up by approximately 1% each, reached new record highs on Wednesday amid a rally in the US and European markets and fresh foreign fund inflowsAt 1:55 pm, the Nifty index witnessed a substantial 1.03% rise, reaching a record high of 19,011.25. Simultaneously, the … Read more
[ad_1] Adani Group shares rallied, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged by US short seller Hindenburg Research.The 10 Adani stocks added about $10 billion to their market value in Monday’s session, the most since Hindenburg’s scathing report in January. Flagship Adani Enterprises … Read more
[ad_1] MUMBAI: Two months on from its explosive report into Gautam Adani’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s empire chastened and reevaluating its ambitions. Hindenburg’s allegations of extensive, years-long corporate fraud at the Adani group have wiped out about $125 billion in market value since January, spurring the tycoon to … Read more
[ad_1] MUMBAI: Adani group stocks slumped to erase over 523 billion rupees ($6.4 billion) in market value on Tuesday, the biggest decline since early February, on renewed concerns over the ports-to-power conglomerate’s ability to repay its debt.Adani Ports and Special Economic Zone Ltd fell more than 9%, dipping below the price GQG Partners paid to … Read more