News Overview

Adani group stocks faced a 2% to 6% loss due to reports of an accounting regulator's probe on an EY member firm that audits five Adani group companies.

The reports claim that the asset is being sold as part of the pledges that the Mistry family, SP's promoters, gave to bankers in loan covenants they signed.

The company reported a 41.2% YoY increase in profit, reaching Rs 73.63 crore for the September quarter

Recommendation: Reduce; Target Price: Rs 475

Recommendation: Reduce; Target Price: 930

This partnership builds on their 25-year collaboration, spanning multiple technology generations from 2G to 5G and beyond

The court has ordered SEBI to conduct an investigation into the reasons for the delay and provide a report on its findings.

The NFRA has requested files and communications related to S.R. Batliboi's audits of Adani group firms dating back to 2014

Caltex lubricants will be produced in HPCL's cutting-edge Silvassa manufacturing facility. Lubricating oils can be produced at the plant at a rate of 75 TKLPA.

For the quarter that ended on September 30, its average cost of borrowing increased to 7.99% from 7.32% during the same time the previous year, while the yield on loans slightly decreased to 10.59% from 10.70%.