Adani Group achieved record results for the first half of fiscal year 2025, with total assets rising to 5.53 lakh crore rupees after investments of […]
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Brokerage Reports: Citi upgrades Reliance Industries to Buy, TP Rs 1530; Bernstein on NTPC, MS on SBI Cards, Oberoi Realty, DLF, Auto Sector, PVC Pipes with TPs Rs 650, Rs 2060, Rs 910 and More 👇
Citi on Reliance Industries Upgrade to Buy, Target Price (TP) Raised to Rs 1530: After a period of underperformance, Citi believes that the risk/reward for […]
US Government Clears Adani Group of Fraud Allegations, Approves $553 Million Loan for Sri Lanka Port Project: Bloomberg
The US government recently granted a substantial loan of up to $553 million to the Adani Group for a container terminal project in Sri Lanka. […]
Gautam Adani, Sagar Adani Summoned by U.S. SEC in US Bribery Case, Given 21 Days to Respond
Indian billionaire Gautam Adani and his nephew, Sagar Adani, have been summoned by the US Securities and Exchange Commission (SEC) to address allegations of paying […]
Japan Unveils $140B Stimulus Package to Boost Consumer Spending
The Japanese government approved a $140-billion stimulus package on Friday, aiming to boost consumer spending, according to officials. The package, valued at 21.9 trillion yen […]
Bank of America Allegedly Shared Non-Public Information with Investors in India: WSJ Report
Bank of America is facing allegations of insider trading in its Asian operations, according to a report by The Wall Street Journal (WSJ). The report […]
S&P Global Downgrades Outlook on Adani Group Entities Amid Bribery Allegations
S&P Global Ratings has downgraded the outlook for key Adani Group companies—Adani Ports and SEZ Ltd, Adani Green Energy Ltd (AGEL RG2), and Adani Electricity […]
Brokerage Reports: Morgan Stanley, JPM on Reliance Industries; HSBC on India Strategy, MFIs, Sobha; Jefferies, MS on Chemicals; Bernstein on PFC/REC; Jefferies on SBI; UBS on L&T; MS on HCL Tech
MS on Reliance Industries Limited (RIL) Rating: Overweight (OW), Target Price (TP): Rs 1662 Refining margins are improving after two weak quarters. Permanent refinery capacity […]
Adani Group Enters China: New AERCL to Offer Supply Chain Solutions and Project Management Services
The Adani Group, known for its continuous global expansion, has now made a strategic entry into China. According to the company’s regulatory filings, its flagship […]
Gautam Adani and Executives Indicted in $250 Million Bribery and Fraud Scheme to Secure Solar Contracts
Summary of the Indictment Against Adani and Other Executives Overview of the Indictment Gautam Adani, Sagar Adani, Vneet Jaain, and five other executives have been […]
Foreign Investors Offload $2.6B in Indian Financial Stocks as Market Hits Correction Zone
Foreign investors continued to sell off Indian financial and energy stocks in November, leading to significant outflows and a decline in market value. In the […]
India Market Strategies: Citi’s Optimism on Valuations and Growth vs. Goldman Sachs’ Cautious Outlook, Focus on Quality Stocks, and NIFTY Targets of 25,000 and 27,000
Citi India Strategy: After a 10% drop in the NIFTY, stock valuations are now more reasonable. The NIFTY’s 1-year forward price-to-earnings (P/E) ratio is just […]