Adani, at the company’s AGM a few days back, stated, “Of the several projects underway, two of the key ones include the Navi Mumbai Airport and the Copper Smelter, and both are on schedule”.
Last week, the GST Council decided to levy a uniform 28 per cent tax on full face value for online gaming, casinos, and horse-racing, irking the online gaming industry.
About 70% of the 3.5 trillion rupees would be in term loans and help boost SBI’s corporate loan book by 12%-13% this fiscal, said SBI Chairman Dinesh Kumar Khara.
The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Shares of Sheela Foam Ltd, the maker of mattress brand Sleepwell, jumped over 15 per cent on Tuesday after the company said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd for Rs 2,035 crore.
The rupee settled flat at 83.27 against the US dollar amid a weak trend in domestic equities and surging crude oil prices in the international markets.
The JKC (Jalan Kalrock Consortium) “fulfilled” its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jey Airways, it said in a statement.
The Adani Group saw a massive fall in market cap and share prices of its listed companies following Hindenburg’s allegations. It also resulted in the Group calling off AEL’s fully subscribed Rs 20,000 crore FPO.
Apart from Nifty 50, the company will be excluded from Nifty 100, Nifty 200, Nifty 500, Nifty50 Equal Weight, among others.
The applicants rejected were – UAE Exchange and Financial Services, The Repatriates Cooperative Finance and Development Bank Ltd (REPCO Bank), Chaitanya India Fin Credit Pvt Ltd and Pankaj Vaish and others.