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Adani Green Energy said that the non-compliance has occurred due to untimely demise of a women director and the exit of an independent director

The restraining order is following an investigation that revealed that the above-mentioned officials were involved in round-tripping of the company’s funds to falsely portray receipt of proceeds through preferential allotment of shares.

"The transactions between the content advance entities and the trade receivable entities, raise the possibility that Eros International was circulating funds whereby amounts transferred as content advances were subsequently recognised as revenue by routing it through trade receivables entities," Sebi had said

The S&P BSE Capital Goods index has gained 31% since the beginning of the year compared with 6% return of the benchmark Sensex. The sector index trades at 32 times one-year forward earnings, a 65% premium to the Sensex 30 index

It could rank near or even just below the tech industry’s largest-ever IPOs: Alibaba Group Holding Ltd.’s $25 billion 2014 offering and 2012’s $16 billion debut by Meta Platforms Inc., then known as Facebook In

Dow Jones rises 30.48 points, S&P 500 opens higher by 15.56 points and Nasdaq Composite gains 96.35 points at the opening bell

Both the exchanges have levied a fine of Rs 28,000 each. Adani Enterprises is in the process of making applications to NSE and BSE with detailed justifications highlighting that the company is in due compliance with provisions of Sebi listing regulations and requesting for waiver of fines, imposed by the respective authorities

As Indian consumers increase their purchasing power, the propensity of buying premium and branded products would increase; thus the premiumisation agenda will drive the overall growth for the sector.

“After the last earnings season got over, a lot of analysts and people like us are going back to the drawing table and looking at the earnings picture, looking at the PE rating that already happened, One has to probably play on the front foot now. There can be an approach where you stagger out your investments over the next two, three months, but have to be always on the lookout for those sectoral and thematic ideas.”

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