SEBI probes 2 funds for shorting Adani stocks before HindenburgApril 24, 2024New Delhi, April 24 (IANS) Adani Group stocks remained steady on Wednesday after the Securities and Exchange Board of India (SEBI) initiated a probe against two foreign portfolio investors, including one accused of allegedly shorting stocks in Adani Group companies prior to a report from Hindenburg Research. The capital market regulator is seeking explanations from these two separate groups of foreign funds for "possible rule violations".The group,…

How Adani Ports unlocked growth potential of India's seaports after acquisitionsApril 19, 2024New Delhi, April 19 (IANS) India's largest private port operator, Adani Ports and Special Economic Zone Ltd (APSEZ), announced earlier this month that it handled a record 420 MMT (million metric tonne) cargo in FY24 (including international ports), setting a new milestone in its journey.It was an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo.While it took 14 years for the company…

5-month-old grandson of Infosys' Narayana Murthy gets richer by Rs 4.2 croreApril 19, 2024New Delhi, April 19 (IANS) Ekagrah Rohan Murty, the five-month-old grandson of Infosys founder N. R. Narayana Murthy, is set to get richer by at least Rs 4.2 crore as the IT bellwether announced final and special dividends. The Infosys’ board has recommended a final dividend of Rs 20 per equity share, and a special dividend of Rs 8 per stock for the financial year that ended March 31. The dividend will be paid on July 1.According to a…

New Delhi, April 19 (IANS) US diplomat Atul Keshap, president of the US-India Business Council, on Friday said with 970 million eligible voters and 1.2 million polling places, India's national election is the Maha Kumbh of democracy."Heartiest congratulations to the great people of India as they begin the largest exercise of electoral choice in the entire history of our species," Keshap wrote in a post on X."With 970 million eligible voters and 1.2 million polling places, India's national election is the Maha Kumbh Mela of…

Bajaj Auto's net profit rises to Rs 2,011 crore in Q4, declares dividend of Rs 80 per shareApril 18, 2024Mumbai, April 18 (IANS) Two-wheeler major Bajaj Auto on Thursday reported a consolidated net profit of Rs 2,011 crore for the fourth quarter of 2023-24, up from Rs 1,704.74 crore during the same period of the previous year.The bike maker posted a revenue of Rs 11,554.95 crore in the January-March quarter, up from Rs 9,192.73 crore during the same period last year.The company’s board approved a dividend of Rs 80 per share…