The Adani Group released around Rs 26,500 crore of pledged shares in fiscal 2024 across its five listed companies, marking the fourth straight year of such releases. Analysts attribute this trend to improved cash earnings, following similar releases of over Rs 15,000 crore each in FY23 and FY22 and Rs 1.27 lakh crore in FY21.Ambareesh Baliga, an independent market analyst, said improved cash flows...

Domestic frontline indices Sensex and Nifty trimmed earlier losses but continued to trade in the red on April 19 amid a broad-based selloff. Investors traded on the sidelines after Israel's attack on Iran fuelled uncertainty across the market. As a result, fear gauge India VIX jumped over 4 percent.Around noon, the Sensex was down 244.94 points or 0.34 percent at 72,244.05, and the Nifty was down ...

Reliance Industries Ltd is set to report robust quarterly earnings, driven by a recovery in its core oil-to-chemicals (O2C) business and sustained momentum across the company’s consumer-facing telecom and retail businesses.An improvement in refining margins and a rebound in the petrochemicals cycle are likely to fuel RIL’s earnings growth for the quarter ended March 31, 2024 (Q4FY24), analysts...

What’s the idea?Vodafone shares continued to be on the bulls' radar even as the Street is divided on whether the capital-raising can change the company's fortunes for the better. Logically, an impending issue of fresh shares should put pressure on the price. Meanwhile murmurs about a powerful corporate looking to gain a toehold in the telecom sector through the Vodafone FPO are doing the rounds....

Shares of Bajaj Auto Ltd fell 3.5 percent to Rs 8,702 on April 19 as brokerages worried over the stock price outpacing their target prices and shared their concern over expensive valuations.Despite delivering a robust financial performance for Q4 FY24 and surpassing the Street estimates, the company faced downward pressure on its shares.As of 11 am, Bajaj Auto shares were trading 3 percent lower a...