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Adani Group Faces SEC Bribery Charges; Shares Tumble

Today, the United States Securities and Exchange Commission (SEC) charged Gautam Adani, chairman of the Adani Group, with allegedly paying $265 million in bribes to Indian government officials. These...

Zodiac Energy Signs MOU with SBI for Financial Assistance on Solar Plants

Zodiac Energy Limited (Zodiac) has entered into a Memorandum of Understanding (MOU) with the State Bank of India (SBI) on November 19, 2024. The company announced the MOU in letters to BSE Limited and...

UPL Limited Sells Stake in Advanta Enterprises to Alpha Wave Ventures

UPL Limited has announced the partial divestment of its stake in Advanta Enterprises Limited (AEL), a subsidiary specializing in the seed business. Currently, UPL holds an 86.67% stake in AEL, with...

High Borrowing Costs, Inflation Challenges: Sitharaman and RBI’s Take on Economic Trends

Finance Minister Nirmala Sitharaman, speaking at the 11th SBI Banking and Economics Conclave 2024, highlighted the challenges posed by high borrowing costs. She urged banks to make interest rates more...

Broking Industry Faces Major Impact: SEBI Rules Reshape Revenue Models

The broking industry is facing significant challenges due to recent regulatory changes, particularly impacting discount brokers. Key changes include: Restrictions on Utilizing Traders’...

IGL & MGL Shares Plummet: IGL Down 19.85%, MGL Down 14.04% Amid Policy Shifts

NSE:MGLL:Rs.1,128.35(-14.04%)  and   NE:IGL:Rs.325.30(-9.84%)  at 18-Nov-2024 at 3.30 pm  Today, shares of IGL and MGL experienced a significant crash. These two companies...

FADA Report 2024: Festive Season Records 42.88 Lakh Vehicle Sales

The Federation of Automobile Dealers Associations (FADA) has released its vehicle retail data for the 42-day festive period, covering the span from the first day of Navratri to 15 days after...

Introduction of Futures & Options Contracts on 45 Securities at NSE

The National Stock Exchange of India (NSE) will expand its offering by introducing futures and options contracts on 45 additional securities, starting from November 29, 2024. This decision follows the...

Rising Inflation at 6.21% Poses Challenge for RBI’s Interest Rate Policy

Yesterday, mutual fund data for October was released, and today, after market hours, October’s inflation data came in at 6.21%, higher than the expected 5.81%. This inflation figure will be key for...