Latest Stock Market News

Adani bonds were mixed Friday, with eight of 15 trading lower, though the moves were small by recent standards, according to data compiled by Bloomberg. The biggest decliner was an Adani Ports & Special Economic Zone Ltd. note, which fell 0.3 cents to 65.3 cents on the dollar as of 10:43 a.m. in Hong Kong.

>> For more such web stories click on the ET icon below

The shares are expected to get listed on the exchanges on March 14. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.The issue comprises fresh issue of Rs 180 crore and an offer-for-sale of up to 39,34,243 equity shares by promoters and other selling shareholders

According to the regulator, a sponsor of a REIT/InvIT whose units have been listed on the stock exchanges for a period of three years can be permitted to declassify as the sponsor subject to certain conditions, including that there has to be a new inducted sponsor in place of existing sponsor getting declassified

The Geological Survey of India (GSI) recently said it has found lithium deposits for the first time in the country. India has lately been looking to strengthen its supply of key minerals, including lithium, that will be critical for furthering its electric vehicle plans

The Dow Jones Industrial Average fell 154.72 points, or 0.47%, at the open to 32,999.19

The consensus recommendation from 12 analysts for the stock is a ‘buy’. Of the 12 analysts covering the stock, 10 have strong ‘buy’ and ‘buy’ ratings, while two have hold ratings

"The company is a running concern. Penalising the firm with such a heavy penalty is in fact penalising the shareholders, which is not justifiable especially for a running company," the appellate tribunal said in its order dated February 23.

Taking to Twitter, Kamath said only 8 of the select developed or developing 30 countries have interest rates higher than inflation.

In India, inflation reached a high of 7.79% in April 2022. Since then, it has moderated in recent months and was 5.72% in December 2022. In January 2023, it inched up again to 6.52% but remains within the manageable range.