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Adani Companies Plan $2.6 Billion Stock Sale in Wake of Market Rout

The Indian conglomerate was hit hard by a short-seller report earlier this year. The Indian conglomerate was hit hard by a short-seller report earlier this year. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

Major Indian tech firms lose a combined market valuation of Rs 1.22 lakh crore

The combined market valuation of three of the 10 most valued domestic firms fell by Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard. IT majors Tata Consultancy Services (TCS) and Infosys were the other two blue chips that faced erosion from their valuation. In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was Rs 62,221.63 crore. During the holiday-shortened week, the BSE…