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All 10 Adani group stocks surged in early trading on Tuesday with Adani Ports jumping as much as 7.7% and Adani Enterprises skyrocketing nearly 19%. Adani Group’s port unit became the first of its 10 entities to recoup all losses triggered by Hindenburg Research’s bombshell report in late January, as a recent rally in the conglomerate’s stocks gathered steam on Tuesday. All 10 Adani stocks climbed in early Mumbai trading, with shares of Adani Ports Read More

Withdrawal of Rs 2000 notes by RBI: Is it soft demonetisation? The Reserve Bank of India on Friday, May 19, said Rs 2000 currency notes will be withdrawn from circulation but they will continue to be legal tender. In what was termed by many on social media as a soft demonetisation move, the Reserve Bank of India (RBI) on Friday surprised everyone by announcing that Rs 2000 currency notes will be withdrawn from circulation but Read More

The e-invoicing system has been mandatory for any businesses that report an annual turnover of over Rs 5 crores with effect from 01.08.2023. Goods and Services Tax (GST) e-invoicing is a system implemented in India for generating and reporting invoices in a standardized electronic format. It was introduced to simplify the invoicing process and reduce errors while facilitating seamless data exchange between businesses and the Government. Under this system, businesses must generate invoices on their Read More

“…we would like to inform you that the RBI vide its letter dated May 16, 2023 addressed to SBIFML, has accorded its approval to SBIFML for acquiring up to 9.99 per cent of the paid-up share capital or voting rights of HDFC Bank Limited,” the bank said. The Reserve Bank has given its approval to SBI Funds Management (SBIFML) to acquire up to 9.99 per cent stake in HDFC Bank, the private sector lender said Read More

A bench headed by Chief Justice D Y Chandrachud directed the SEBI to file an updated status report of the investigation. The Supreme Court on Wednesday granted the Securities and Exchange Board of India time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group. A bench headed by Chief Justice D Y Chandrachud directed the SEBI to file an updated status report of the investigation. The Read More