Overall, our expenditure estimates are reasonable: Finance secretary TV Somanathan
The most direct action the government can take in that direction is what we have done through capital expenditure. There are possible global headwinds. That is one of the reasons we have chosen to go with a large expansion of capital expenditure so that even if there is an amount of headwind, then with that […]
RBI gauges banks’ exposure to Adani companies
“The central bank has asked all lenders to submit exposure data related to the Adani Group,” a senior banker in the know said. “Due to the turmoil in the stocks, the RBI wants to assess if this could lead to a potential problem for the banking system. They are also assessing whether any bank is […]
Adani bond yields surge to new highs
Prices of multiple bonds issued by different companies of the Adani Group fell sharply on Thursday, a day after flagship Adani Enterprises dramatically announced the withdrawal of its follow-on public offer (FPO) worth ₹20,000 crore late Wednesday. The issue got full subscription, although the stock has since plunged nearly 50% below the lowest issue-price threshold.
NSE puts 3 Adani Group stocks under additional surveillance
“Applicable rate of margin shall be 50% or existing margin, whichever is higher, subject to maximum rate of margin capped at 100% w.e.f (with effect from) Feb 6, 2023 on all open positions as on Feb 3, 2023 and new positions created from Feb 6, 2023,” the exchange said in a circular on Thursday.