Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalization and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant.
![Manipal Tech Looks to Raise ₹1,000 cr](https://economictimes.indiatimes.com/thumb/msid-105764504,width-105,height-79,imglength-43126,quality-100/manipal-tech-looks-to-raise-1000-cr.jpg)
Manipal Technologies (MTL), the largest manufacturer of banking and smart cards in India, plans to bring in a financial partner into the eight-decade-old, Pai family-owned business at a valuation of around ₹4,000-4,200 crore ($500 million), multiple people aware of the initiative told ET.