Adani Group has sold a 20% stake in AWL Agri Business Limited (formerly known as Adani Wilmar Limited) to Wilmar International, Singapore, for ₹7,150 crore, according to a stock exchange filing. Adani had in December announced divestment of its entire 44% stake in Adani Wilmar in order to sharpen its focus on core infrastructure businesses. […]
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U.S.-based Fitch held that the debt of Adani group’s rated Indian entities as of end-December 2022 was offshore and largely secured, with U.S. dollar bonds maturing only from mid-2024, suggesting no immediate concerns about repayment. | Photo Credit: Reuters Global ratings agency Fitch said two Adani Group companies viz. Adani Ports & SEZ Ltd. and […]
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U.S.-based Fitch held that the debt of Adani group’s rated Indian entities as of end-December 2022 was offshore and largely secured, with U.S. dollar bonds maturing only from mid-2024, suggesting no immediate concerns about repayment. | Photo Credit: Reuters Global ratings agency Fitch said two Adani Group companies viz. Adani Ports & SEZ Ltd. and […]
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File photo of billionaire Gautam Adani | Photo Credit: Reuters Billionaire Gautam Adani-led promoter group has paid off all of the $2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in […]
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Image for representational purpose only. | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on March 28 as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or […]
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The Bombay Stock Exchange (BSE) | file photo | Photo Credit: Reuters Foreign investors have pumped ₹7,200 crore into the Indian equities so far this month, mainly driven by bulk investment in the Adani Group companies by the U.S.-based GQG Partners. Going ahead, FPIs are likely to be cautious in the near term since there […]
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The NSE and BSE said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from March 23 | Photo Credit: Reuters Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday. Adani Power is shortlisted in short-term ASM […]
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Adani Group Chairman Gautam Adani. | Photo Credit: Reuters Adani Group has suspended work on a ₹34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said. The group’s flagship Adani Enterprises Ltd (AEL) had […]
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Congress leader Jairam Ramesh the Adani Group has repeatedly brushed aside questions about Vinod Adani, elder brother of the Group’s chairperson Gautam Adani, by claiming that he is uninvolved with decision-making but fresh disclosures show this to be a “laughable deception”. | Photo Credit: Shiv Kumar Pushpakar Under the Hum Adani Ke Hain Kaun (HAHK) […]
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A file photo of Afghan students protesting in Bengaluru against the Taliban takeover of Afghanistan. | Photo Credit: PTI Chaos over Rahul Gandhi’s comments in London as Parliament resumes after break Children of lesbian, gay parents do not necessarily become lesbians, gays: SC informs government Growing up with lesbian or gay parents will not necessarily […]
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