Business

Adani Company shares, which were trading in the red last week as a result of the latest revelations by Hindenburg which claimed that funds linked to the company were frozen by Swiss authorities, have bounced back somewhat.Adani got a big dealThis is even more true in the case of Adani Green Energy and Adani Power shares. The company's shares rose more than 5 percent in the early hours of the intraday trading session on Monday. This development happened when Adani Energy received a letter of intent from Maharashtra State Electricity Distribution Company Limited for the supply of 6600 MW hybrid solar and thermal power.The company provided this information through an exchange filing on September 15. In the exchange filing, the company said, "MSEDCL has issued a letter of intent to Adani Powe...

Shares of Granules India tumbled over 16 per cent during intraday trading on Thursday, September 12, after the company announced that the inspection of its Gagillapur FD facility by the USFDA, conducted from August 26 to September 6, 2024, concluded with six observations.In response, the company issued a statement to reassure concerned investors, underscore its commitment to resolve the issues raised. "We acknowledge that many investors have sought clarifications, and we would like to assure them that we are actively addressing the comments and remain fully committed to resolving the issues raised," Granules India said in its stock exchange filing.The company further added that, "At Granules, quality and compliance are paramount, and these principles are deeply embedded in our ongoing rev...

Mumbai: Open-ended equity mutual fund inflows rose 3.03% to Rs 38,239 crore in August on the back of strong demand for small-cap and mid-cap funds, taking industry-wide assets under management past the Rs 66.7 lakh crore mark in the month under review from Rs 64.96 trillion in the previous month. The Nifty50 gained 1.14% during the month under review, while the benchmark Sensex rose marginally by 0.76%. Despite the muted performance of equity markets, investments surged led by large-cap funds, which attracted net inflows of Rs 2,636.86 crore in August, a 293% jump over July. Inflows into small-cap funds rose 52% to Rs 3,209.33 crore and net inflows into mid-cap funds rose 86% to Rs 3,054.68 crore, according to the latest data released by industry lobby Association of Mutual Funds of...

Paytm share price continued to rally for the second consecutive day, gaining over 8% on Tuesday amid heavy buying. Paytm shares rose 8.23% to ₹ 679.70 on the BSE. The shares of One97 Communications, the parent company of fintech giant Paytm, continue to rise. Paytm's share price has risen by more than 13% in a week and more than 33% in a month. Paytm's share price has jumped more than 74% in the last three months. Moreover, Paytm share price is now up nearly 120% from its 52-week low of Rs 310 per share on May 9, 2024. On August 28, Paytm declared that it had received approval from the Finance Ministry to invest in its payments services business. With this approval, Paytm Payments Services Ltd (PPSL) will proceed to resubmit its payment aggregator application. In the meantime,...

It said that during the year under review, 800 daily flights were operated, including to 55 domestic and 44 international destinations, carrying 40.45 million passengers.Tata Group-owned Air India's loss narrowed by 60 per cent to Rs 4,444.10 crore in FY2024 compared to the previous year, according to Tata Sons' annual report for 2023-24.The airline had reported a loss of Rs 11,387.96 crore in FY2013, the annual report said.The report said that the turnover during the year under review increased by 23.69 percent to Rs 38,812 crore as against Rs 31,377 crore.The group is strengthening its aviation presence with the merger of AirAsia India (AEX Connect) with Air India Express and the ongoing merger of Vistara with Air India, the report said.It also said Air India recorded its highest-ever c...