#sensex india

[socialstockmarket]

Metal Stock to focus

[jedarar]

Sector in focus #india #indianarmy #indianairforce #in#diannavy

[infobyjk]

India New Income Tax Slabs for FY 2025-26: Comprehensive Analysis and Impact

The Union Budget for the fiscal year 2025-26 has introduced significant changes to India’s income tax structure. One of the most notable updates is the introduction of a 25% tax rate for incomes ranging from Rs 20 lakh to Rs 24 lakh, along with a shift in the 30% tax bracket to incomes exceeding Rs 24 lakh. These changes aim to rationalize tax liabilities while ensuring a fair distribution of tax…

[businessviewpointmag]

Japanese Banks Maintain Support for Adani Amid Global Reassessment

https://businessviewpointmagazine.com/wp-content/uploads/2024/11/1-Japanese-Banks-Maintain-Support-for-Adani-Amid-Global-Reassessment-Source-economictimes.indiatimes.com_.jpg

Latest News

News

Stock Market Update: Nifty 50 Movement, Trade Setup, and Top Stock Picks

News

Markets on Edge: Indian Indices Dip, Bitcoin Hits Record, and Global Trends Shape the Week Ahead 

News

BlueStone Jewellery Plans ₹1,000 Crore IPO with Fresh Issue and OFS

Source: economictimes.indiatimes.com

Japanese Lenders Stay Steadfast

Japan’s major financial institutions, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group (MUFG), are standing firm in their support for Gautam Adani’s conglomerate despite US bribery charges against the Indian billionaire and his associates. While global banks such as Barclays and Jefferies Financial Group reassess their exposure, the Japanese lenders remain confident in their ties to the Adani Group, citing the conglomerate’s cash-generating assets and strong ties with the Indian government.

Insiders revealed that the banks do not anticipate a significant long-term impact from the allegations and are open to providing fresh financing if required. However, spokespeople for the three Tokyo-based banks declined to comment, as did an Adani Group representative. The controversy stems from allegations of a $250 million bribery scheme aimed at securing solar energy contracts in India, which Adani has dismissed as baseless. The company is engaging with lenders and investors to reaffirm its position and address concerns.

Global Banks and Investor Caution

In contrast to the steadfast approach of Japanese banks, other international financial institutions have adopted a cautious stance. Barclays, a long-time partner of Adani, has paused new financing arrangements and reduced its direct lending and bond underwriting exposure. Jefferies, which defended Adani during previous allegations, has taken a wait-and-see approach, avoiding new deals until the legal process unfolds. At least two other major US banks have also suspended plans to fund Adani’s projects.

The fallout from the allegations is affecting Adani’s market performance. The conglomerate’s dollar bonds and shares plunged following the US indictment, prompting credit rating agencies, including S&P Global Ratings and Fitch, to downgrade their outlook on Adani companies. Additionally, global firms like TotalEnergies SE and governments like Kenya’s are halting investments and contracts with Adani until the legal implications become clearer.

Adani’s Resilience and Broader Support

Despite the challenges, Japanese banks are not alone in their support for Gautam Adani. Middle Eastern financial institutions, including Emirates NBD Bank PJSC, have also expressed confidence in the conglomerate’s ability to manage its obligations. These banks remain committed to their existing projects and are open to future collaborations, citing robust due diligence and the solid performance of Adani’s asset-heavy businesses, such as ports and airports.

Experts attribute the resilience of Japanese and Middle Eastern banks to their strategic interest in high-growth emerging markets like India. “Japanese and Middle Eastern banks see an opportunity to align with the growth potential of Indian conglomerates like Adani,” said Ashutosh Mishra, head of research at Ashika Stock Broking Ltd.

Although Adani Enterprises’ stock initially dropped 23% following the US charges, it has since partially recovered. The group maintains that Gautam Adani and his associates are not implicated under the US Foreign Corrupt Practices Act, offering a glimmer of hope for investors and partners. However, as global scrutiny intensifies, the coming months will be pivotal in shaping Adani’s financial relationships and market standing.

Did you find this article helpful? Visit more of our blogs! Business Viewpoint Magazine

[jarvis-invest]

Are you ready to dive into the world of the Bombay Stock Exchange? This article will explore some of the best companies listed on the BSE, providing valuable insights, analysis, and potential investment opportunities in 2024.

[viaanadubey]

Sensex Soars to 80,000: Buckle Up for the Ride Ahead

Sensex breached the 80k mark for the first time in its history – and Indian investors are on a high. But what does this mean for you? Will the markets continue to be on the bull run or is a correction waiting ahead? Should you invest at these levels or is it time to be cautious? Learn how to navigate this exciting market, even if you’re new to investing.

https://blog.arihantcapital.com/sensex-soars-to-80000-buckle-up-for-the-ride-ahead-weekly-update-july-6th/

[stock-tips-india]

[businessviewpointmag]

Sagar Adani, Nephew of Gautam Adani, Faces US Charges of Bribery and Fraud

https://businessviewpointmagazine.com/wp-content/uploads/2024/11/BVP-Source-newslaundry.com_.jpg

Latest News

News

Stock Market Update: Nifty 50 Movement, Trade Setup, and Top Stock Picks

News

Markets on Edge: Indian Indices Dip, Bitcoin Hits Record, and Global Trends Shape the Week Ahead 

News

BlueStone Jewellery Plans ₹1,000 Crore IPO with Fresh Issue and OFS

Source: newslaundry.com

The Allegations: A $265 Million Bribery Scheme

Sagar Adani, an executive director at Adani Green Energy and the nephew of Indian billionaire Gautam Adani, has been implicated in a US indictment alongside his uncle. The charges, stemming from an alleged $265 million bribery and fraud scheme, revolve around a renewable energy project in India. US authorities claim that Gautam Adani, Sagar Adani, and six others conspired to pay bribes to Indian government officials to secure contracts for a massive solar energy project. The initiative, expected to generate $2 billion in profits over two decades, was reportedly tied to misleading investors during a $750 million bond offering, with $175 million raised from US investors.

In response to the allegations, the Adani Group has strongly denied any wrongdoing. Terming the accusations baseless, the company intended to pursue “all possible legal recourse” to defend its reputation. None of the defendants are in custody, and it remains uncertain whether Gautam or Sagar Adani will appear in US courts, as they may seek to dismiss the charges without traveling to the United States.

Who Is Sagar Adani? A Rising Executive in Renewable Energy

Sagar Adani, the son of Rajesh Adani (Gautam Adani’s brother), is an emerging leader within the Adani Group, a conglomerate that has become synonymous with India’s rapid infrastructure development. Since joining the group in 2015 after earning a degree in economics from Brown University, USA, Sagar has played a pivotal role in steering Adani Green Energy’s growth.

He has been instrumental in expanding the company’s solar and wind energy projects and is responsible for overseeing its strategic, financial, and structural development. His leadership has positioned Adani Green Energy as a key player in India’s renewable energy sector. According to Bloomberg, Sagar is also regarded as one of the potential successors to Gautam Adani’s empire, alongside Karan Adani, Jeet Adani, and Pranav Adani.

Despite his accomplishments, the current allegations cast a shadow over his otherwise promising career, bringing the Adani family under intense scrutiny on an international stage.

The Legal and Business Fallout

The charges against Sagar Adani and the Adani Group could have far-reaching implications for the conglomerate, which has faced regulatory challenges and accusations in the past. The alleged bribery scheme underscores broader concerns about corporate governance and transparency within the group.

The case is being overseen by the office of US Attorney Breon Peace in Brooklyn, which has not disclosed whether additional actions will be taken against the accused. Legal experts speculate that the Adani family may leverage their resources to contest the allegations vigorously, potentially resulting in a drawn-out legal battle.

While the Adani Group remains steadfast in its denial of wrongdoing, the charges are likely to intensify global attention on the company’s operations and governance practices. As one of India’s most influential business families, the Adanis now face a critical test of their corporate legacy amid these serious accusations.

Did you find this article helpful? Visit more of our blogs! Business Viewpoint Magazine

[businessnewsupdates]

Sensex Rises 2.46%, Nifty Gains 560 Points in Morning Trade

In a remarkable recovery following the announcement of the Lok Sabha election results, India’s domestic stock market indices Sensex and Nifty showed significant gains on Wednesday, May 5. Opening nearly 1% higher, both indices extended their upward momentum throughout the morning trade. Key Highlights: Sensex Performance: The Sensex surged by 2.46%, climbing 1,772.04 points to reach 73,851.09…

[signode-blog]

PM Modi's Prediction for Sensex on Lok Sabha Election Results Day: A Detailed Analysis

As India approaches another crucial Lok Sabha election, the financial markets are abuzz with anticipation. Historically, election results have had a significant impact on market movements, often reflecting investor sentiment towards the incoming government. Prime Minister Narendra Modi, known for his economic reforms and market-friendly policies, recently made a bold prediction regarding the…

[harishgade]

Mastering the Share Market: A Comprehensive Basic Guide for Share Market Beginners

Introduction: The Indian share market is a dynamic landscape offering abundant opportunities for investors. This blog aims to demystify the complexities of the market, empowering readers with insights and strategies for informed decision-making. Section 1: Understanding the Share Market 1. What is the Share Market? The share market, also known as the stock market, is a platform where the buying,…

[epic2source]

Investment Strategies

let’s delve into some detailed investment strategies with examples applicable to the Indian stock market: 1. Long-Term Investing: Strategy: Invest in fundamentally strong companies with a long-term horizon, aiming to benefit from compounding. Example: Invest in a well-established company like HDFC Bank (HDFCBANK) known for its stable growth, strong financials, and consistent dividend…

[businessviewpointmag]

Gautam Adani Indicted in US Over Alleged Bribery and Fraud Scheme

https://businessviewpointmagazine.com/wp-content/uploads/2024/11/BVP-21-11-2024-1-Gautam-Adani-Indicted-in-US-Over-Alleged-Bribery-and-Fraud-Scheme-Source-businesstoday.in_.jpg

Latest News

News

Stock Market Update: Nifty 50 Movement, Trade Setup, and Top Stock Picks

News

Markets on Edge: Indian Indices Dip, Bitcoin Hits Record, and Global Trends Shape the Week Ahead 

News

BlueStone Jewellery Plans ₹1,000 Crore IPO with Fresh Issue and OFS

Source: businesstoday.in

Allegations of Bribery in Solar Contracts

Billionaire Gautam Adani, the chairman of India’s Adani Group, has been indicted in New York for his alleged role in a $265 million bribery scheme tied to solar energy contracts. U.S. prosecutors revealed that Adani, alongside seven other individuals, including his nephew Sagar Adani, allegedly paid bribes to Indian government officials to secure solar supply deals. These contracts were projected to generate $2 billion in profit over two decades.

The indictment disclosed that conspirators used code names such as “Numero Uno” and “The Big Man” for Gautam Adani, while Sagar Adani allegedly tracked bribery details using his phone. The charges also encompass violations of the U.S. Foreign Corrupt Practices Act, an anti-bribery law, which prohibits corrupt practices in international dealings.

Among the accused are executives from Adani Green Energy, including Vneet Jaain, and former senior officials from Azure Power Global. Prosecutors allege that the defendants engaged in fraudulent practices to raise over $3 billion through loans and bonds, concealing the corruption from lenders and investors. Arrest warrants for Gautam Adani and Sagar Adani have been issued, with U.S. prosecutors set to transfer these warrants to foreign law enforcement agencies.

Responses and Legal Repercussions

The Adani Group has yet to respond to the allegations, with no immediate comment from India’s embassy in Washington or legal representatives for the accused. In addition to the criminal charges, the U.S. Securities and Exchange Commission (SEC) has filed related civil charges against Gautam Adani, Sagar Adani, and another co-defendant, Cyril Cabanes, a dual French-Australian citizen.

The charges have cast a spotlight on the Adani Group, which has faced scrutiny before. In January 2023, U.S.-based Hindenburg Research accused the conglomerate of using offshore tax havens improperly, a claim the Adani Group denied. This earlier controversy led to a $150 billion decline in the company’s market valuation.

Economic Impact and Recent Developments

Gautam Adani, 62, is the second-richest person in India and ranks as the world’s 22nd wealthiest individual, with a net worth of $69.8 billion, according to Forbes. Despite the allegations, Adani recently announced plans to invest $10 billion in U.S. energy projects, which he claimed would create 15,000 jobs. This announcement came amid his efforts to strengthen ties with the U.S. and during a congratulatory message to President-elect Donald Trump in 2016.

Just hours before the charges were revealed, Adani successfully raised $600 million through the sale of “green” bonds, a move that further highlights the financial stakes involved. The unfolding legal battle threatens to impact not only Adani’s personal fortune but also the reputation and operations of his sprawling business empire, which spans energy, logistics, and infrastructure.

The case serves as a critical test of international anti-corruption laws and raises questions about corporate governance and transparency in major global conglomerates

[businessnewsupdates]

Sensex Rises 2.46%, Nifty Gains 560 Points in Morning Trade

In a remarkable recovery following the announcement of the Lok Sabha election results, India’s domestic stock market indices Sensex and Nifty showed significant gains on Wednesday, May 5. Opening nearly 1% higher, both indices extended their upward momentum throughout the morning trade.

Key Highlights:

Sensex Performance: The Sensex surged by 2.46%, climbing 1,772.04 points to reach 73,851.09 by 11:30 am. It had opened at 73,027.88, marking a 1.32% increase from the previous close of 72,079.05.

Nifty Performance: The broader Nifty index jumped 2.56%, gaining 560.5 points to hit an intraday high of 22,445, following a gap-up opening of 243.85 points, or 1.11%.

This strong performance comes after a tumultuous day on Tuesday when the Sensex dropped by 4,389.73 points (5.74%) to close at 72,079.05, and the Nifty 50 fell by 1,379.4 points (5.93%) to close at 21,884.5. The declines were attributed to the Bharatiya Janata Party (BJP) failing to secure a majority in the general elections, securing only 240 seats.

Market Sentiment:

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The market will take some time to absorb the unexpected election results. Stability will return to the market soon but volatility will continue till there is clarity on the cabinet and the key portfolios. A sharp rebound in the market is unlikely in the near term but sectoral preferences might change.”

Volatility Eases:

The volatility index, India VIX, which had surged by 51% to 31.71 during Tuesday’s intraday trades before closing at 26.75, further eased to 19.45 on Wednesday, indicating a reduction in near-term volatility.

Market Outlook:

According to a report by Axis Securities, “The National Democratic Alliance (NDA) will form the Modi 3.0 government with coalition partners. With this, the market will likely gain confidence in the political stability as well as the policy stability. Some positive recovery is hence expected going forward.”

Sector Performance:

Recoveries: Nifty PSE and Nifty CPSE, which saw significant declines of 16.38% and 15.04% respectively on Tuesday, managed to recover some losses, falling by only 0.67% and 0.55% respectively.

Top Gainers: NSE firms that showed significant gains included Tata Consumer Products (6.30%), Hindustan Unilever (6.06%), Hero MotoCorp (6.46%), Mahindra & Mahindra (6.01%), and Asian Paints (4.71%).

The market’s reaction underscores the resilience and adaptability of investors, reflecting a cautious optimism as the political landscape begins to stabilize.