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Six top-performing mutual funds exited 13 stocks in November, including Jio Financial Services and Adani Ports, marking notable changes in their investment portfolios.

SBI Mutual Fund, one of India’s largest mutual fund houses by asset size, fully exited KEC International in November. Other notable mutual funds, including ICICI Prudential Mutual Fund, sold their stakes in various companies. ICICI Prudential MF completely...

Adani Group’s sudden reversal: Rejecting a US loan to develop Sri Lanka’s port, a move that comes amid controversy surrounding Gautam Adani’s reputation in the US.

Adani Group, led by industrialist Gautam Adani, has announced that it will not seek funding from the US International Development Finance Corporation (DFC) for its Colombo West International Terminal (CWIT) project in Sri Lanka. The DFC had agreed to a $553 million...