Adani Group stocks fall for second day on Sebi probe over compliance
Business

Adani Group stocks fall for second day on Sebi probe over compliance

Posted on Author Administrator_India Comment(0)

By Administrator_India

Capital Sands

Firms controlled by Gautam Adani fell for a second day Tuesday, after the minister of state for finance told Parliament that some of them are being probed by the markets regulator over compliance with securities rules.

Besides Sebi, Directorate of Revenue Intelligence is also “investigating certain entities” belonging to the Adani Group for compliance to another set of laws, Minister of State for Finance Pankaj Chaudhary said in response to a question in Parliament on Monday. Chaudhary didn’t elaborate on the investigations or name the group companies.

Shares of all six listed Adani group companies slipped in early trading Tuesday. Adani Total Gas, Adani Transmission, Adani Green Energy and Adani Power declined by 5 per cent. Flagship Adani Enterprises fell as much as 3.2 per cent, while Adani Ports & SEZ dropped 2.6 per cent.

Administrator_India

Related Articles
Business

Oil prices rise on supply woes.

Posted on Author Administrator_India

Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China. Brent crude futures rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. U.S. […]

India cuts tax on crude palm
Business

India cuts tax on crude palm oil imports to help consumers, refiners

Posted on Author Administrator_India

India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
Business Enterprises

Arun Kumar Saini – Enterprises & Businessman, Group companies with interests in education, real estate, financial services and brand holdings.

Posted on Author Administrator_India

Arun Kumar Saini born & brought in Village Kushak Hiranki (Delhi) Capital of India. Arun Kumar Saini started taking a keen interest in business when he was 16. He had seen his father, C.S. Saini, working harder in his life & inspiration. After completing Class 10 in 1997, he decided to take a break from […]

Leave a Reply

Your email address will not be published. Required fields are marked *