Adani Group stocks fell up to 6% after a US bribery scandal linked to Adani Green Energy employees. GQG Partners, a major investor, reaffirmed its commitment, stating the scandal doesn’t impact its investment thesis. While Adani Green Energy shares tumbled 6%, other Adani stocks saw smaller declines. GQG expressed confidence in the fundamentals of its Adani investments.
How 90% IPOs in August beat volatile India market to return up to 72% after listing
In August, a majority of newly listed IPOs saw a successful debut, outpacing the broader market. Approximately ninety percent of these listings are still trading