HDFC Bank and other heavyweight stocks helped benchmark stock market indices reach record highs on Wednesday. The S&P BSE Sensex reached 80,000 for the first time, and the NSE Nifty50 reached 24,292.15. The Sensex rose 498.51 points to 79,939.96 and the Nifty 134.80 points to 24,258.65 at 9:22 am. All 13 key sector...

Divya Delhi: SEBI sent Hindenburg Research a 46-page show cause notice on June 27 for its Adani report. According to a SEBI show cause notice highlighted in a July 2 blog post by US-based Hindenburg Research, its only investor relationship for the Adani thesis generated $4.1 million in gross revenue from Adani shorts g...

Divya Delhi: Despite a record-breaking demand for air conditioners during the April-June period, companies like Godrej Appliances, Haier, and Super Plastronics are struggling to meet the demand due to a severe demand-supply mismatch. The unprecedented heat wave has led to a 50% year-on-year growth in air condition...

Divya Delhi: Vodafone Idea announced on June 13 that its board has approved a preferential offering of 166 crore shares at Rs 14.80 each to raise up to Rs 2,458 crore. Vodafone Idea stated in a regulatory filing that it will give Nokia Solutions and Networks India Private Limited 102.7 crore shares worth Rs 1,520 crore...