An equity index that houses Indias biggest operator of cinema screens as well as its top television broadcaster has lost about 6% since reaching a 17-month high in early September. Still, up 31% this quarter through Friday, the gauge is poised for its best performance since 2009.
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Social trading apps are rampantly abused as avenues for luring unwitting traders, often with promises of hefty gains, as more people rush to dabble in the stock markets but have to contend with a dearth of SEBI-authorised advisers.
The company has said that full-time functional directors have been appointed, which will boost execution and business development. Additionally, NBCC expects tendering to be faster in the next few months.
The historic market meltdown of Adani Group has shown signs of abating after the Indian conglomerate went on a tour to restore confidence and won a $1.9 billion investment by a boutique firm.