{
Adani Enterprises Limited

Companies

}
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001122334455554433221100

quant mutual fund faces losses after adani shares plunge on bribery charges

Quant Mutual Fund, a major investor in Adani Enterprises, faces significant losses of up to 27% on its $500 million investment following a sharp decline in the company's shares. This downturn was triggered by the US indictment of Adani's chairman, raising concerns over the firm's financial stability.
bloomberg.com
Adani Enterprises Limited IND
Finance & Economy, Market Report
09:31 21.11.2024

Adani Group denies bribery allegations and vows to pursue legal action

The Adani Group has firmly denied bribery charges from the US Justice Department and SEC, labeling the allegations as 'baseless.' In a statement, the group emphasized its commitment to legal compliance and announced plans to pursue all available legal recourse, asserting that defendants are presumed innocent until proven guilty. Despite the controversy, shares of Adani Enterprises and Adani Green have shown slight recovery from early losses, although they continue to experience significant declines in trading.
Moneycontrol
Adani Ports Adani Enterprises Limited IND
Regulatory & Legal, Press Release
08:55 21.11.2024

Sensex plunges 900 points amid Adani stock sell-off and foreign outflows

Equity benchmark indices Sensex and Nifty fell sharply in early trade, with the Sensex dropping over 900 points to an intraday low of 76,802.73, driven by a sell-off in Adani Group stocks, rising geopolitical tensions, and ongoing foreign fund outflows. Market analysts are concerned about the impact of state assembly election results on market sentiment, particularly if the ruling Maharashtra government faces unfavorable outcomes. The Nifty PSU Bank index was the biggest laggard, declining 3.58%, with major losses attributed to heavyweights like State Bank of India and Adani Enterprises.
Moneycontrol
Adani Ports State Bank of India Adani Enterprises Limited IND Manish Chowdhury Show more
Finance & Economy, Market Report
07:56 21.11.2024

Adani Group faces 2.2 lakh crore loss amid US bribery allegations

Adani Group's market capitalization plummeted by Rs 2.2 lakh crore on November 21, with stocks falling up to 20% following US bribery charges against Gautam Adani. Prosecutors allege he and other executives paid over $250 million in bribes to secure solar energy contracts, violating federal laws while raising $1.36 billion from American investors. Just hours before the allegations, Adani raised an additional $600 million through green dollar bonds from US investors.
Moneycontrol
United States Dollar Adani Wilmar Limited NDTV Ambuja Cements Limited ACC Adani Power Limited Adani Enterprises Limited Adani Energy Solutions Limited Adani Total Gas Limited Adani Ports Adani Green Energy Limited IND Gautam Adani Vneet Jaain Breon S. Peace Sagar Adani Show more
Regulatory & Legal, News Article
07:24 21.11.2024

european markets expected to open higher amid inflation concerns and earnings reports

European stocks are poised for a slight increase amid mixed market sentiment, following Nvidia's disappointing earnings forecast that impacted Asian semiconductor stocks. Meanwhile, shares of India's Adani Group plummeted after its chairman faced federal bribery charges, with significant losses across its companies. Concerns over stretched market valuations and inflation persist, as Federal Reserve officials express caution regarding economic stability.
CNBC
United States Dollar Adani Wilmar Limited Severn Trent PLC Adani Power Limited Adani Enterprises Limited Adani Energy Solutions Limited British Land Company PLC Adani Port Adani Green Energy Limited USA IND DEU FRA GBR ITA CHN Gautam Adani Daniel Newman Red Allen Robert J. Shiller Michelle Bowman Show more
Finance & Economy, Market Report
07:06 21.11.2024

gqg partners shares plummet 25 percent after adani's fraud indictment

Shares of GQG Partners plummeted 25% following the indictment of Adani Group Chair Gautam Adani for fraud, marking the firm's worst trading day since its 2021 listing. GQG, which holds a 3.94% stake in Adani Enterprises, is reviewing the situation while noting that over 90% of its assets are in unrelated investments. Adani Group shares also fell sharply after a previous report accused the company of extensive fraud, leading to significant losses in early 2023.
CNBC
United States Dollar GQG Partners Inc. Adani Enterprises Limited AUS IND USA Gautam Adani Rajiv Jain Show more
Finance & Economy, Market Report
06:04 21.11.2024

Adani stocks tumble amid bribery allegations but analysts see short-term impact

Adani Group stocks faced significant declines following allegations that Gautam Adani was involved in a $250 million bribery scheme. Bernstein India's head of research, Venugopal Garre, dismissed the market's reaction as short-term, suggesting that such incidents are common in the infrastructure sector and that the market will likely recover quickly. Adani Enterprises shares dropped 10%, while Adani Green Energy and Adani Energy Solutions fell 17% and 20%, respectively.
Moneycontrol
United States Dollar Adani Energy Solutions Limited Adani Enterprises Limited Adani Green Energy Limited IND Gautam Adani Venugopal Garre Show more
Regulatory & Legal, Market Report
05:42 21.11.2024

adani group shares plunge after chairman charged with fraud in new york

Shares of Adani Group plummeted after chairman Gautam Adani was indicted in a New York federal court for allegedly orchestrating a $250 million bribery scheme to secure solar energy contracts. Adani Enterprises fell 10%, while Adani Green Energy dropped 17.28%. The indictment also implicated two executives from Adani Green Energy and several former employees of Azure Power Global, amid ongoing scrutiny following previous allegations of accounting fraud by Hindenburg Research.
CNBC
United States Dollar Adani Wilmar Limited Adani Green Energy Limited Caisse de Depot et Placement du Quebec Adani Ports Adani Power Limited Adani Enterprises Limited Azure Power Global Limited USA IND CAN Gautam Adani Vneet Jaain Saurabh Agarwal Rupesh Agarwal Cyril Cabanes Ranjit Gupta Sagar Adani Deepak Malhotra Show more
Regulatory & Legal, News Article
04:56 21.11.2024

quarterly earnings reports reveal mixed results across various sectors

The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.
Financialexpress
United States Dollar Indian Rupee Havells India Limited HCL Technologies Limited Raymond L&T Apollo Hospitals Enterprise Limited Dabur India Limited Sonata Software Limited Dr. Reddy's Laboratories Limited HDFC Bank Limited Bata India Limited Bhel (BAP Unit) EPF Trust Kansai Nerolac Paints Limited Axis Bank Limited PVR INOX Limited Titan Company Limited Gujarat Pipavav Port Limited Adani Enterprises Limited Bharti Airtel Limited Nestlé India Limited Piramal Pharma Limited Marico Limited Power Grid Corporation of India Limited TeamLease Services Limited Spencer's Retail Limited Reliance Industries Limited Exide Industries Limited DR Reddy's Laboratoire Ltd. Punjab National Bank Tech Mahindra Limited JK Lakshmi Cement Limited GAIL (India) Limited Berger Paints India Limited TVS Motor Company Limited Coal India Limited HUL Bajaj Auto Limited Gujarat Gas Limited Gland Pharma Limited Trident Limited Indian Railway Catering & Tourism Corporation Limited Jindal Steel & Power Limited Zomato Limited Adani Wilmar Limited Paytm Money Ltd. Kirloskar Ferrous Industries Limited Mankind Pharma Limited Dhanuka Agritech Limited Pricol Limited Infosys Limited KPI Green Energy Limited Granules India Limited Tata Consultancy Services Limited Avalon Technologies Limited Procter & Gamble Health Limited Wipro Limited Blue Star Limited ITC Limited IND Donald Trump Vir S Advani Show more
Finance & Economy, Market Report
17:12 06.11.2024

ubs third quarter results exceed expectations amid global economic uncertainties

UBS Group AG reported a third-quarter net income of $1.4 billion, significantly surpassing analyst expectations of $783.3 million, driven by strong lending income and cost reductions. However, the bank cautioned about potential challenges from the US elections and declining interest income, while also navigating the integration of Credit Suisse amid regulatory uncertainties that could increase capital requirements by up to $25 billion. UBS plans to continue share buybacks and is considering acquiring a US wealth management firm post-integration.
CNBCTV18
United States Dollar Adani Enterprises Limited Tata Consumer Products Limited Adani Ports and Special Economic Zone Ltd. UBS Group AG Credit Suisse Anlagestiftung Bharat Electronics Limited Finman AG Maruti Suzuki India Limited CHE Sergio Ermotti Colm Kelleher Show more
TradFi, Market Report
07:49 30.10.2024
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