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India is also home to the richest aviation billionaires, with a wealth of $3.6 billion and $3.3 billion, Rakesh Gangwal and Rahul Bhatia and family of Indigo Airlines are the wealthiest aviation billionaires.

Given that SVB is a publicly-listed company, this sale spooked investors. The share price dropped by more than 65% in two days. That created a ripple effect and spread fear among the depositors, who came rushing to withdraw their funds. It prompted a massive liquidity crisis, thereby leading to the collapse.

Mar Mobius says that from a longer-term perspective, the potential is incredible. The market could go down 10%, 15%, even 20%, that really does not concern me. It could be an opportunity to buy more. So, it really depends on what stocks you are holding. If you are holding stocks with very little debt, with good return on capital, then you should do fine regardless of what happens to the market.

Adani is the Founder and Chairman of the Adani Group and is a first-generation entrepreneur. Adani Group is a diversified group which has business interests in power, ports, airports, cement, green energy and others.

The stock traded at a P/E multiple of 8.06, while the price-to-book value ratio stood at 1.08.

Promoters held 58.42 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 27.41 per cent and 2.61 per cent, respectively.

The Relative Strength Index of the stock stood at 36.79 on Wednesday.

Nifty has typically entered a bear market during the global crisis, with midcaps underperforming even more significantly.​

A total of 99,879 shares changed hands on the counter till 02:12PM (IST)

The dividend payout is crucial to Vedanta Resources amid concerns over its ability to meet upcoming debt maturities. Rating agencies have flagged its ability to raise funding in times of liquidity crunch and capital-starved market.