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The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani’s conglomerate that led to a market value erosion of more than $150 billion at one point.

The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani’s conglomerate that led to a market value erosion of more than $150 billion at one point.

India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal profits of energy companies.

Oscillators have reached the overbought zone on the daily and weekly charts for the Nifty. However, unless important support breaks on the price charts, a trend reversal would not be confirmed

Steel Authority of India has extended uptrend for fourth consecutive session with strong volumes. The stock formed long bullish candlestick pattern on the daily scale, while trading above all key moving averages.

Steel Authority of India has extended uptrend for fourth consecutive session with strong volumes. The stock formed long bullish candlestick pattern on the daily scale, while trading above all key moving averages.

The IMF on Monday released its annual Article IV consultation with India, according to which the South Asian country, underpinned by prudent macroeconomic policies, is on track to be one of the fastest-growing major economies in the world this year.

FIIS bought shares worth Rs 11,473.54 crore and sold equities worth Rs 11,507.05 crore, leading to a net outflow of Rs 33.51 crore, according to exchange data.

Earlier in 2023, the integration process included over 70 emerging markets in July, the North America business in September, and the European business in November

In any case, since hitting a multi-decade low against the dollar near 152 in November, the yen has gained around 6% in value as traders have grown increasingly convinced the BOJ’s low-rates drag on the currency will not last much longer.