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The Indian REITs Association (IRA) has refuted the claims of US-based short seller Hindenburg that regulatory changes were made to favor a major financial conglomerate, and called them "misleading" and "baseless."

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The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers while likely intervention by the Reserve Bank of India ensured the currency did not weaken more.

Voltas Q1 Results: Air conditioning maker Voltas on Monday posted a 160% year-on-year (YoY) jump in consolidated net profit to Rs 335 crore for the June quarter of FY25. It had clocked Rs 129 crore profit in the year-ago period.

The IPO of Saraswati Saree Depot was fully subscribed within hours of its launch today, with a subscription rate of 2.46 times. Retail and non-institutional investors were the primary contributors, with the retail portion subscribed 3.34 times. The company fixed a price band of Rs 152-160 per share. Analysts advise high-risk investors to consider this IPO.

Adani Power shares drop 0.44% as Sensex rises

Updated at : 2024-08-12 15:20:02

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A total of 1,353,908 shares changed hands on the counter till 02:10PM (IST)

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Investor Vijay Kedia shared his view on the dispute between Hindenburg Research and SEBI chief Madhabi Puri Buch. Hindenburg claimed that Buchs held stakes in offshore funds tied to Adani Group.

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