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Sebi dismissed allegations that Adani Group used Adicorp to route funds in violation of related-party norms. The regulator found no evidence of wrongdoing, closing two cases tied to Hindenburg’s 2023 report.
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Indian markets ended higher Thursday as Sensex rose 320 points and Nifty 93, marking a third straight gain. Fed’s 25 bps rate cut, GST reforms, and trade progress boosted investor sentiment.
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GK Energy raised ₹139 crore from anchor investors, including HSBC, Citi, and Motilal Oswal, ahead of its ₹464 crore IPO opening September 19. Strong institutional interest and robust FY25 growth fuel optimism, despite subsidy-dependence risks.
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