What Happened in the Indian Stock Market in the Last 24 Hours?
1. Bribery Allegations Against Gautam Adani in the US
Reports claim that Gautam Adani allegedly promised to pay over ₹2,000 crore as bribes to Indian government officials to secure solar energy contracts.
2. Adani Infrastructure Plans to Buy 30.07% Stake in PSP Projects
Adani Infrastructure plans to purchase a 30.07% stake in PSP Projects from its founder Prahaladbhai S Patel for ₹685 crore. Reports also suggest that Adani Group is planning to buy additional shares, which could increase its stake to 60.14%.
3. Mukesh Ambani-Backed Addverb Technologies to Launch Humanoid Robot by 2025
Addverb Technologies, supported by Mukesh Ambani, is set to launch an AI-powered humanoid robot by 2025, capable of handling complex tasks in the fashion, retail, and energy sectors.
4. Indian Government May Sell Minority Stakes in 4 PSU Banks
Reports suggest that the Indian government is planning to sell minority stakes in four public sector banks: Central Bank of India, Punjab and Sind Bank, Indian Overseas Bank, and UCO Bank. However, this information has not yet been officially confirmed.
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