
LIC notches big gain on Adani investment as stocks rally
The market value of LIC investment in Adani Group stocks increased by more than ₹9,600 crore in less than two months, from ₹38,846 crore on March 31 to ₹45,481 crore as on May 23.
The market value of LIC investment in Adani Group stocks increased by more than ₹9,600 crore in less than two months, from ₹38,846 crore on March 31 to ₹45,481 crore as on May 23.
The cumulative market valuation of 10 listed Adani stocks has gone up by ₹1.45 lakh crore in the last two sessions to ₹10,79,277 crore in early trade today.
SC Panel finds that some entities took short positions before the Hindenburg report was released and that they profited from squaring off their positions
SEBI on May 12 had sought additional 6 months' time to complete probe; SC says it had granted two month’s extension earlier
Finance ministry says its reply was based on “due diligence and inputs” from agencies; govt had said SEBI was probing some Adani firms with regard to compliance rules
The park will host a 300 MW of data centre capacity; the investments will be on top of the ₹20,000 crore already invested in the state
Adani Enterprises' profit on a sequential basis (QoQ), however, dipped 12% from ₹820.06 crore in Q3 FY23
The consolidated profit of the Adani Group company zoomed 319% YoY to ₹507 crore, while revenue rose 88% to ₹2,988 crore.
SEBI is seeking six more months to complete its probe into Hindenburg Research's allegations against the Adani group.
This comes days after Twitter's CEO Elon Musk announced that the final date for removing the legacy Blue checkmark will be April 20, 2023.