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Gautam Adani

Adani deal under bribery scrutiny was approved against officials’ advice

NEW DELHI/SINGAPORE: The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of...

Published 17 Dec, 2024 02:15pm

World

US case against India’s Gautam Adani appears strong but extradition unlikely, experts say

NEW YORK: The US fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help...

Published 16 Dec, 2024 01:32pm

World

Sri Lanka says Adani port project to continue despite US charges

COLOMBO: Indian conglomerate Adani Group’s port project in Sri Lanka will go ahead despite US charges against its...

Published 13 Dec, 2024 01:41pm

World

Adani pulls out of US loan deal for Colombo port

NEW DELHI: India’s Adani Group has withdrawn its request for a US government-backed loan to construct a port in Sri...

Published 11 Dec, 2024 11:55am

World

Narendra Modi’s BJP says US State Department targeting India

NEW DELHI: Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) has accused the State Department and...

Published 06 Dec, 2024 12:32pm

World

Bangladesh halves power buying from India’s Adani amid payment dispute

DHAKA: Bangladesh has halved the power it buys from neighbouring India’s Adani Power, citing lower winter demand,...

Published 02 Dec, 2024 08:05pm

World

Gautam Adani breaks silence on US indictment to say his group is committed to compliance

NEW DELHI: Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S....

Published 30 Nov, 2024 09:24pm

World

Indian banks review Adani exposure in wake of US bribery allegations

MUMBAI: Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight ...

Published 30 Nov, 2024 06:26am

World

Adani wipeout hurts but won’t derail foreign investor faith in India

SINGAPORE: Worries of a wider spillover from bribery charges against the Adani Group will hurt sentiment in India...

Published 28 Nov, 2024 05:04pm

World

India’s parliament suspended temporarily after row over allegations against Adani group

NEW DELHI: Both houses of Indian parliament were suspended temporarily on Thursday within minutes of opening as...

Published 28 Nov, 2024 01:44pm

World

What the Adani allegations highlight about India’s clean energy push

NEW DELHI: Bribery allegations against Adani Group founder Gautam Adani have highlighted the growing problem India’s...

Published 28 Nov, 2024 10:41am

World

India suspends parliament proceedings again in row over US action on Adani

NEW DELHI: India’s lower house of parliament suspended proceedings for a second day on Wednesday after disruptions...

Published 28 Nov, 2024 07:23am

World

Adani Group says it lost nearly $55bn as US charges sparked rout

NEW DELHI: India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout...

Published 27 Nov, 2024 02:05pm

World

Gautam Adani faces charges for securities law violations, Adani Green says

BENGALURU: Indian billionaire Gautam Adani has been charged in the United States for alleged securities law...

Published 27 Nov, 2024 12:32pm

World

Indian parliament suspended again in row over US accusations against Adani

NEW DELHI: India’s lower house of parliament suspended proceedings for a second day on Wednesday after disruption by...

Published 27 Nov, 2024 12:27pm

World

Modi’s party distances itself from India’s Adani amid opposition protests

NEW DELHI: Indian Prime Minister Narendra Modi’s party said it had no reason to defend billionaire Gautam Adani on...

Published 26 Nov, 2024 10:52pm

World

India’s Andhra Pradesh state likely to suspend Adani power deal

NEW DELHI: India’s Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the...

Published 26 Nov, 2024 06:08pm

Business & Finance

Fitch puts some Adani bonds on negative watch after US bribery charges

Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after US authorities indicted...

Published 26 Nov, 2024 11:22am

Business & Finance

TotalEnergies says halting new investment in India’s Adani

PARIS: French energy giant TotalEnergies said Monday it was halting new investment linked to Indian conglomerate...

Published 26 Nov, 2024 07:14am

World

TotalEnergies pauses business with Adani, says it was not aware of US investigation

PARIS: French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and...

Updated 25 Nov, 2024 10:10pm

World

Indian parliament disrupted over Adani bribery allegations, bonds slide to year low

SINGAPORE/NEW DELHI: India’s parliament was suspended on Monday after opposition lawmakers disrupted it demanding a...

Published 25 Nov, 2024 01:52pm

World

Adani presents India with big financing ultimatum

MUMBAI: Gautam Adani has put India on the spot. The country’s government may need to nudge local lenders to support...

Published 25 Nov, 2024 11:57am

Editorials

Western hypocrisy

EDITORIAL: India’s billionaire Gautam Adani and his conglomerate Adani Group were able to recover from the USD 100...

Updated 25 Nov, 2024 08:00am

World

US agency conducting due diligence on Adani’s Sri Lanka project: Bloomberg

A U.S. agency that agreed to lend more than $500 million to a Sri Lanka port development backed by the Adani Group...

Published 24 Nov, 2024 09:12pm

World

US SEC issues summons for India’s Adani, nephew on bribery allegations

The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on...

Updated 24 Nov, 2024 10:03pm

World

Adani CFO defends against US charges, says linked to one business contract

NEW DELHI: A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green...

Published 23 Nov, 2024 10:36am

World

Adani Group could find funding harder after US indictment as banks review credit

Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire...

Published 22 Nov, 2024 09:55pm

World

Adani’s US woes put TotalEnergies on the spot

LONDON: Patrick Pouyanné is used to coping with tricky circumstances in emerging markets. The TotalEnergies CEO was...

Published 22 Nov, 2024 09:49pm

Business & Finance

Indian banks’ credit risk from Adani exposure seems contained, JPMorgan says

MUMBAI/BENGALURU: Indian banks’ loan exposure to the embattled Adani Group seems “manageable” and any credit risk in...

Published 22 Nov, 2024 02:48pm

Business & Finance

‘Bribe notes’ with per megawatt rates: filings detail Sagar Adani’s role in Indian scandal

A U.S. indictment of top executives of India’s Adani Group has put a spotlight on Sagar Adani, a millennial scion of...

Published 22 Nov, 2024 12:07pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Cotton US¢/pound / Dec 17	69.11
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

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