Adani Group Attracts Investment of $3.5 Billion; Delhi HC PIL Challenges RBI Notifications

May 23, 2023

Closing Bell: Nifty closes flat below 18350, BANKNIFTY above 43900, Sensex closed flat, media and metal rally.🚀

Companies

Dreamfolks(+5.63%) Reports Strong Q4 Results: Net Profit Jumps to ₹25.3 Crore, Revenue Stands at ₹237.7 Crore.📈

GQG Partners Rajiv Jain Raises Stake in Adani by 10% in a $3.5 Billion Bet.🚀

Bajaj Electricals(+0.94%) Q4 Net Profit Soars 31.8% to ₹51.8 Crore; Revenue Rises 11.7% to ₹1,490.1 Crore.📈

TVS Srichakra(-3.26%) Reports Impressive Q4 Results: Net Profit Soars to ₹22.3 Crore, Revenue Rises 1.9% to ₹682.8 Crore.📈

Mutual Fund Industry in Reassessment Mode as SEBI's Consultation Paper on Total Expense Ratio Creates Impact.🧾

RBI Rejects Dhanlaxmi Bank's Proposal for G Rajagopalan Nair as Part-Time Chairman.🧾

Unichem Labs(+0.19%) Reports Q4 Net Loss of ₹44.3 Crore, Revenue Rises 8.7% to ₹402.1 Crore.📉

Ola Electric Secures $300 Million Funding to Ramp Up Two-Wheeler Production to 2 Million Units Annually.💰

Indo National Posts Net Loss Narrows to ₹2.6 Crore, Revenue Grows 18% to ₹143 Crore.

Adani Group's Market Capitalization Surpasses Rs 11 Lakh Crore Intra-day as Shares Extend Rally for Third Consecutive Day.🚀

TCS(-0.05%) and JLR Collaborate to Launch Open Innovation Program in Israel.🤝

SpiceJet (+1.93%)Plans to Reactivate 4 Grounded Aircraft by June 15.✈️

Zoom Announces Q1 2023 Financial Results with 3% Revenue Increase to $1.11 Billion. 🚀