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“We have not seen a downgrading in the true sense of the word. We have not seen long haul travel in this quarter in significant numbers simply because it is seasonally the cold season in Europe. Secondly, visas still continue to pose a problem. We are witnessing people traveling to the UAE, Middle East, as well as Southeast Asia and that is over and above the travel that we are witnessing on the domestic circuit.”

To safeguard investors from the sharp volatility in stocks of Adani Group companies, NSE has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework. Traders are now required to pay 100% upfront margin even for intraday trades

Comex gold prices retreated from fresh high of USD 1,975 per ounce and closed lower by 1.94 per cent on Thursday as investors locked in profits after the precious metal scaled a nine-month peak on dovish remarks on the metal from Federal Reserve Chair Jerome Powell, the analyst said.

On the outlook for the sector, Agarwal said the domestic steel demand growth continues to remain healthy, driven by renewed thrust on infrastructure development and pick-up in the real estate and construction activities.

The impact of price hikes to mitigate inflationary pressure would be reflected from the fourth quarter onwards in the consumer wellness segment, which accounted for 10% of total revenues in the third quarter, the company said in an exchange filing.

As of 31-Dec-2022, promoters held 0.22 per cent stake in the company, while FIIs held 39.18 per cent and domestic institutional investors had 21.42 per cent.

BlackRock Inc., the world’s biggest asset manager, held about $104 million of the Indian conglomerate’s US-currency notes, one of the largest holdings according to data compiled by Bloomberg based on the company’s most recent filings.

The Indian government has nothing to do with the issues of the Adani Group whose shares have tumbled following a scathing report from a U.S. short seller, the minister of parliamentary affairs said on Friday.

In Q3FY23, TeamLease Services reported net revenue of Rs 2,018 crore as against Rs 1,767 crore recorded in Q3FY22, representing a YoY growth of 14%. The company reported an EBITDA of Rs 32 crore in the third quarter of 2023 as against Rs 38 crore recorded in the same quarter of 2021, representing a YoY decline of 16%

Adani Group stocks have taken a beating on the bourses after US-based short-seller Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.