Shares of several Adani Group companies came under heavy pressure, wiping out nearly $12.5 billion (around ₹1 lakh crore) in market value in a single session. The fall came after news that the US Securities and Exchange Commission (SEC) has approached a court to seek permission to serve summons on certain individuals linked to the group.
Business News
IndiGo Q3 Net Profit Falls 78% in December Quarter Despite Strong Passenger Demand
New Delhi: India’s biggest airline, IndiGo, on Thursday reported a 78 per cent slump in December quarter net profit as flight disruptions and implementation of the new labour code took a toll on its earnings.
MCX Share Price Falls 80% Today: Real Crash or Technical Adjustment?
Shares of Multi Commodity Exchange of India Ltd (MCX) appeared to crash sharply on Friday, but the fall was only on paper and linked to a stock split.