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Adani Wealth Loss | Now Adani is out of top-20 rich, shares continue to fall for the seventh consecutive day

Posted in : Business Posted in : adani, consecutive, continue, day, fall, loss, Rich, seventh, shares, top20, Wealth Posted on February 3, 2023

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Delhi: The Adani Group, owned by Gautam Adani, has suffered huge losses in recent times. Shares of Adani Group declined for the seventh day in a row on Friday (February 3). This fall has created excitement among investors. On Friday, February 3, the company’s shares are in the lower circuit. Adani shares have declined by 66% in the last five days of this week. Gautam Adani’s property has also seen a big decline. According to a new report, Gautam Adani has dropped out of the top-20 of the rich. Gautam Adani’s wealth has also decreased significantly. Adani’s fortunes have declined drastically after the Hindenburg Report. According to the latest data, now Gautam Adani is out of the top-20 richest people in the world and Adani has now come at the 22nd position in the Bloomberg Billionaires Index.

Loss of $10.7 billion in the last 24 hours

Adani’s assets have now come down to $61.3 billion. Adani has lost $ 10.7 billion in the last 24 hours. Shares of Adani group companies have fallen drastically in the last two weeks. Due to this, there was a lower circuit on the shares many times. Adani’s net worth is continuously declining due to heavy selling in shares of Adani companies. Shares of Adani Enterprises fell by 35 per cent in the stock market today. Today the company’s stock has fallen by Rs 547.80 and is trading at Rs 1,017.45.

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NSE monitors shares of three companies of Adani Group

NSE (National Stock Exchange) has monitored the shares of three companies of Adani Group. This decision has been taken to prevent volatility in the stock market. Adani Group’s holdings Adani Enterprises, Adani Ports and Ambuja Cements are placed under ASM. NSE expects this to help curb volatility.

Posted by: Dinar09

Adani Group Shares | Adani Group shares continue to fall; Shares of Adani Total Gas fell by almost 20 percent.

Posted in : Business Posted in : adani, continue, fall, fell, gas, group, percent, shares, Total Posted on January 27, 2023

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New Delhi : Shares of Adani Group remained under pressure on Friday as well and fell 20 per cent in early deals. American financial research company Hindenburg Research has made several allegations against the group. The Hindenburg report accused the group, led by industrialist Gautam Adani, of engaging in “blatant stock manipulation and accounting fraud”. After this allegation of the company, there was a big fall in the shares of the listed companies of the diversified business group.

Shares of Adani Total Gas fell 19.65 per cent, Adani Transmission 19 per cent, Adani Green Energy 15.50 per cent and Adani Enterprises 6.19 per cent. Shares of Adani Ports and Special Economic Zone fell 5.31 per cent, Adani Wilmar 5 per cent and Adani Power 4.99 per cent.

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The Adani Group on Thursday said it is exploring legal options to seek “punitive action” against US financial research firm Hindenburg Research for acting “recklessly” in an attempt to sabotage share sales of its flagship company. Used to be. At the same time, American financial research company Hindenburg Research said that it stands by its report.

The lead head of the group, Jatin Jalundhwala, said, “Hindenburg Research published the report on January 24, 2023 against the group with malafide intention without any research and full information.” This has adversely affected the Adani Group, our shareholders and investors. The ups and downs in the Indian stock market brought about by the report is a matter of great concern….

He said that the report and its baseless statements were nothing but designed to harm the share prices of Adani group companies. Jalundhwala said, “A foreign entity has made a deliberate and reckless attempt to mislead the investor community and the general public. He has maligned the Adani Group, its leadership and maligned the sale of the FPO (FOLLOW PUBLIC OFFER) of our flagship company Adani Enterprises. We are deeply troubled by his antics.

“We are looking into settlement and punitive action against Hindenburg Research under US and Indian law,” he said. Earlier on Wednesday, American financial research firm Hindenburg had said that after two years of its research, it had found that the Adani group had been involved in “blatant stock manipulation and accounting fraud” for decades. (agency)

Posted by: Dinar09

Union Budget 2023 | This time the budget session of the Parliament will start from January 31, the session will continue till April 6.

Posted in : Business Posted in : April, budget, continue, January, Parliament, session, start, time, Union Posted on January 13, 2023

New Delhi. According to the big news received regarding the country’s budget, this time the budget session of the Parliament is starting from 31st January, which will continue till 6th April. According to the information, the budget can be presented on February 1. At the same time, the budget session of the year 2023 will be of 66 days this time. In which 27 important meetings will be held.

Giving information in this regard today, Union Parliamentary Affairs Minister Prahlad Joshi said that there will be a break between February 14 and March 12. In this regard, he wrote in a tweet, the budget session of the Parliament will start from January 31 and will continue till April 6, in which 27 sittings will be held in 66 days with normal holidays.

Budget Session, 2023 of Parliament will commence from 31 January and continue till 6 April with 27 sittings spread over 66 days with usual recess. The recess will be from February 14 till March 12, tweets Union Parliamentary Affairs Minister Pralhad Joshi. pic.twitter.com/hvThGego9k

— ANI (@ANI) January 13, 2023

Along with this, today Prahvad Joshi said that this time, during the budget session 2023, there will be a holiday from 14 February to 12 March, so that department-related parliamentary standing committees can examine the demands for grants and also prepare reports related to their ministries/departments. .

Know that Right now the world is going through a terrible phase of ongoing war between Russia and Ukraine. At the same time, this ongoing war has greatly affected the prices of essential commodities at the global level. Along with this, the World Bank and the International Monetary Fund (IMF) have also warned of an impending recession in 2023.

If we talk about the country, the National Statistics Office (NSO) had given information on Thursday itself that, due to the softening of food prices in India, retail inflation has come down to the lowest level of 12 months in December at 5.7%. . At the same time, the quarter ending December 2022 was also the fourth consecutive quarter when the CPI has been above the 6% mark.

Posted by: Dinar09