Share Markets

Adani Enterprises Ltd has called off its Rs 20,000-crore share sale, saying it would not be "morally correct" in the current market condition.

Adani Enterprises has called off its Rs 20,000 crore share sale due to prevailing market conditions, the company said on Wednesday, days after a rout in its stocks following criticism by a US short-seller.

Adani Enterprises Ltd has called off its Rs 20,000-crore follow-on share sale a day after it was fully subscribed, the company said in a statement.

Gautam Adani's personal fortune has plummeted by more than $40 billion since last week.

At least two of India's biggest business families participated in Adani Enterprises Ltd.'s $2.5 billion share sale, according to people familiar with the matter, in a sign of solidarity with Gautam Adani.

Manu Kumar Jain, Xiaomi's global vice president and former head of its Indian arm announced his resignation from the firm on Monday. Jain spearheaded the launch of Xiaomi in India in 2014 and later moved to larger role of President for Indian sub-continent to manage business in India, Bangladesh, Nepal, Bhutan and Sri Lanka.

Adani Enterprises Ltd's follow-on share sale has been fully subscribed on the last day of the Rs 20,000 crore issue, according to markets data.

The portion of Adani Enterprises Ltd's follow-on share sale for qualified institutional buyers and non-institutional investors has been "fully subscribed", people with direct knowledge of the matter have said.

China's relaxation of COVID-19 restrictions has powered Hong Kong's Hang Seng Index to double-digit gains, while Europe's Stoxx 600 share index enjoyed its best start to the year on record.

Is Maruti on the right track by taking the hybrid approach and going slow in electric vehicle segment?

Adani Enterprises stock opened at 2,932 rupees, still below the lower end of the share sale's price band of 3,112 rupees.

China's smartphone sales tumbled 13 percent in 2022 to their lowest level in a decade as COVID controls and a slowing economy sapped consumer appetite, data from third-party research firms showed.

Flagship Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 4%, but was off initial gains of as much as 10% and significantly below the offer price.

For equity investors, the Union Budget for 2023-24 and the US Fed's interest rate decision will be the major events to watch out for this week, analysts said.

Billionaire Gautam Adani's group on Saturday ruled out any changes in price or the dates of the Rs 20,000 crore follow-on share sale at the conglomerate's flagship firm despite its stocks being hammered below the offer price after a scathing report by a US short seller.

Adani Enterprises Ltd has called off its Rs 20,000-crore share sale, saying it would not be "morally correct" in the current market condition.

Adani Enterprises has called off its Rs 20,000 crore share sale due to prevailing market conditions, the company said on Wednesday, days after a rout in its stocks following criticism by a US short-seller.

Adani Enterprises Ltd has called off its Rs 20,000-crore follow-on share sale a day after it was fully subscribed, the company said in a statement.

Gautam Adani's personal fortune has plummeted by more than $40 billion since last week.

At least two of India's biggest business families participated in Adani Enterprises Ltd.'s $2.5 billion share sale, according to people familiar with the matter, in a sign of solidarity with Gautam Adani.

Manu Kumar Jain, Xiaomi's global vice president and former head of its Indian arm announced his resignation from the firm on Monday. Jain spearheaded the launch of Xiaomi in India in 2014 and later moved to larger role of President for Indian sub-continent to manage business in India, Bangladesh, Nepal, Bhutan and Sri Lanka.

Adani Enterprises Ltd's follow-on share sale has been fully subscribed on the last day of the Rs 20,000 crore issue, according to markets data.

The portion of Adani Enterprises Ltd's follow-on share sale for qualified institutional buyers and non-institutional investors has been "fully subscribed", people with direct knowledge of the matter have said.

China's relaxation of COVID-19 restrictions has powered Hong Kong's Hang Seng Index to double-digit gains, while Europe's Stoxx 600 share index enjoyed its best start to the year on record.

Is Maruti on the right track by taking the hybrid approach and going slow in electric vehicle segment?

Adani Enterprises stock opened at 2,932 rupees, still below the lower end of the share sale's price band of 3,112 rupees.

China's smartphone sales tumbled 13 percent in 2022 to their lowest level in a decade as COVID controls and a slowing economy sapped consumer appetite, data from third-party research firms showed.

Flagship Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 4%, but was off initial gains of as much as 10% and significantly below the offer price.

For equity investors, the Union Budget for 2023-24 and the US Fed's interest rate decision will be the major events to watch out for this week, analysts said.

Billionaire Gautam Adani's group on Saturday ruled out any changes in price or the dates of the Rs 20,000 crore follow-on share sale at the conglomerate's flagship firm despite its stocks being hammered below the offer price after a scathing report by a US short seller.