Author: Tanya Mishra

Several public sector banks, including the State Bank of India (SBI), Bank of Baroda (BoB), and Punjab National Bank (PNB), saw their stock decline by as much as 7% on November 21, possibly linked to the alleged Adani bribery scandal. Bank of Baroda shares dropped over 7%, Punjab National Bank shares fell 6%, and Canara Bank and SBI shares lost more than 5% each. Meanwhile, IndusInd Bank and IDFC First Bank shares dipped by over 3% each. The Nifty Bank index slid 0.6%. State-owned REC Ltd shares plunged over 9%, and Power Finance Corporation (PFC) shares fell 8%, amid worries…

Shares of Adani Group companies fell sharply on Thursday, November 21, with losses ranging between 10% and 20% following bribery charges filed by the US District Court and the Securities & Exchange Commission (SEC) against Gautam Adani and senior executives. The group has seen a staggering Rs 2 lakh crore wiped off its market capitalisation. Adani Ports shares dropped 15%, while flagship Adani Enterprises slid by 20%. Other group stocks also recorded declines within the 10%-20% range. In or about and between 2020 and 2024, senior executives of an Indian renewable-energy company, which was a portfolio company of an Indian…

Enviro Infra Engineers Ltd is set to launch its initial public offering (IPO) on Friday. The company is aiming to raise Rs 650.43 crore in what would be the seventh mainboard IPO in November. Enviro Infra Engineers IPO Details The offering includes a fresh issue of 3.87 crore shares worth Rs 572.46 crore and an offer for sale of 0.52 crore shares valued at Rs 77.97 crore. Retail investors can bid for a minimum of one lot, consisting of 101 shares, with the minimum investment pegged at Rs 14,948. The maximum bid limit for retail participants is 13 lots or…

Bitcoin surged to a record $94,000 in early trading on Wednesday and inched closer to the symbolic $100,000 mark after a year of sharp gains. It has hit a record all-time high above $94,000 for the first time. The most popular and circulated cryptocurrency has soared 90% since August and doubled since January on the back of multiple factors, including rising institutional demand. The current rally follows news that Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. Lutnick, a vocal supporter of Bitcoin, adds credibility to Trump’s pledge to position the U.S. as a hub…

The Bigg Boss 18 Weekend Ka Vaar episode took a dramatic turn when Salman Khan confronted entrepreneur Ashneer Grover, accusing him of “doglapan,” or double standards—a phrase made popular by Grover during his stint on Shark Tank India. Salman questioned Grover about his past comments regarding the actor’s fees for a brand endorsement deal. “I have heard you speaking about me. You said, ‘We signed him for this much, signed him for that much,’ and all your figures were wrong. So then, what is with the double standards?” Salman asked during the episode. Grover’s remarks date back to April 2022,…

Suzlon Energy shares saw a significant rally of 5%, hitting the upper circuit limit at Rs 62.22. The surge in stock price is driven by an upgrade by international brokerage firm Morgan Stanley. The brokerage raised its rating for Suzlon from “Equalweight” to “Overweight,” citing expectations of increased market share for the company. Morgan Stanley believes that Suzlon’s market share could grow to 35-40% by FY27.  The brokerage firm also highlighted positive industry tailwinds, with India’s wind energy market expected to generate 32GW of orders for wind Original Equipment Manufacturers (OEMs) over the next five years. Suzlon’s Share Performance Suzlon…

Prime Minister Narendra Modi on Monday (November 18) held several bilateral meetings with world leaders, including UK Prime Minister Keir Starmer, French President Emmanuel Macron, and Italian Prime Minister Giorgia Meloni, among others, on the sidelines of the ongoing G20 Summit in Rio de Janeiro. At the G20 Summit hosted by Brazilian President Luiz Inácio Lula da Silva, Modi met UK Prime Minister Keir Starmer. The duo talked about relaunching trade talks in 2024. To be sure, Downing Street said the UK is seeking a new strategic partnership with India. The new partnership could include a trade agreement and cooperation…

The allotment of shares for Zinka Logistics Solutions Ltd, following its Rs 1,115-crore initial public offering (IPO), is expected to be finalized today. The company’s shares are set to list on the BSE and NSE on November 21. Zinka Logistics’ IPO was oversubscribed 1.86 times by the final day of bidding. The shares were offered within a price range of Rs 259-273 per share, attracting significant investor interest. Despite this, reports indicate a flat grey market premium (GMP) for the company’s shares. Investors who applied for the IPO can check their allotment status through multiple platforms, including KFin Technologies’ official…

NTPC Green Energy Ltd, a renewable energy subsidiary of NTPC, opened its Rs 10,000-crore initial public offering (IPO) for subscription on November 19. The IPO will remain available for subscriptions until November 22. IPO Price Band The IPO price range has been set at Rs 102-108 per share. Investors are required to bid for a minimum of 138 shares, which translates to a starting investment of Rs 14,904, while retail investors can make a maximum investment of Rs 1,93,752, which is equivalent to 13 lots. IPO Details The IPO consists of a fresh issue of 92.59 crore equity shares with…

A newly surfaced video shows a group of college students involved in a tragic crash earlier this week in Dehradun, Uttarakhand, had been partying and possibly drinking before rear-ending a truck. The crash, which occurred early Tuesday morning, left six students dead and one critically injured. According to police, CCTV footage from the area shows the students driving at high speeds. Authorities believe the students’ Innova was racing a BMW before the collision. The impact was so severe that some passengers were reportedly decapitated, and the vehicle was left mangled. The video, obtained by India Today TV, shows the group…