Azure Power has confirmed its ongoing cooperation with US authorities following SEC charges against its former board member Cyril Cabanes over bribery allegations. The company emphasised its commitment to strong governance and transparency.
The OFS will consist of a base issue of 10.16% equity, with a green shoe option for an additional 10.16% equity. The floor price for the issue is set at ₹1,550 per share.
BSE and NSE refuted media reports on November 21, confirming no reduction in eligible securities for margin trading, while revealing that MTF lending surged to a record ₹80,500 crore in October.
Goldman Sachs wrote in its note that the Indian stock markets currently have an external immunity; however, there is a cyclical slowdown in domestic growth. Therefore, weak earnings coupled with high valuations are expected to keep the markets range-bound in…
The Nifty PSU Bank index recorded its sharpest intraday fall in five months, dropping nearly 5% as allegations against Adani Group executives dampened investor sentiment.
They have also set out cost savings plan of ₹500 per tonne by 2028 as they look at maximizing share of captive coal and group synergies which helped them lower fuel cost in the first half of the current financial…
Adani Enterprises was the top Nifty 50 loser, plunging 23.4% at the end of the session.
Suzlon Group CEO JP Chalasani said the current order book is at its highest ever, at 5.1 GW. He noted that 54% of the orders come from the commercial and industrial (C&I) segment.
The development adds to signs of broader market fallout after US prosecutors on Wednesday charged Adani Group founder Gautam Adani with participating in an alleged bribe plot.
A US issuer and Indian Energy company’s subsidiary won and were issued LoAs for manufacturing-linked solar tender offer by Solar Energy Corporation of India, according to the court order.