Moody’s Investor Service on Tuesday said banks’ exposures to Adani are not large enough to affect their credit quality materially. “While we estimate that the exposures are larger for public sector banks than for private sector banks, they are smaller than 1 per cent of total loans for most banks,”Continue Reading
Bloomberg | | Posted by Singh Rahul Sunilkumar Adani Ports & Special Economic Zone Ltd. will repay debt of around ₹5,000 crore, helping tycoon Gautam Adani’s firm to improve a leverage metric at a time when its financial health is under scrutiny. The debt payment will take place in theContinue Reading
The Monetary Policy Committee meeting of the Reserve Bank of India has begun on Monday against the backdrop of retail inflation remaining below the mandated 6 per cent upper limit and a projected slowdown in GDP growth in the next fiscal. After three days of deliberation, the rate-setting committee ledContinue Reading
Most of the Adani group companies rose on Tuesday, with flagship Adani Enterprises gaining 14 per cent in late morning trade. Amid volatile trading in the market, eight Adani group firms gained while two were in the red. Read here: Some Adani shares rise from Hindenberg crisis, after group’s marketContinue Reading
Hindenburg Research’s decision to only go short on Adani Group securities outside India has highlighted the limitations of the practice in the nation and the peculiarities of the business empire itself. India’s authorities have imposed a bevy of restrictions on short selling, including requiring institutional investors to disclose planned tradesContinue Reading
Bloomberg | | Posted by Ritu Maria Johny Shares of Adani Group’s flagship firm are overvalued on some metrics despite plunging more than 50% in the rout triggered by US short seller Hindenburg Research’s scathing report last month, according to a New York University finance professor. Adani Enterprises Ltd. yieldedContinue Reading
Reuters | | Posted by Ritu Maria Johny India’s Adani Group is in talks to prepay all loans backed by pledged shares, a spokesperson told Reuters on Monday, while denying media reports that said the conglomerate was planning to cut back its capital spending. Adani Group plans to trim itsContinue Reading
Sensex falls over 300 points to close at 60,507; Nifty ends at 17,765 ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events andContinue Reading
Video streaming and over-the-top platforms, also known as OTT, are unsurprisingly gaining more relevance in homes. The change comes about as these apps, the popular ones in India include Netflix, Amazon Prime Video, Disney+ Hotstar and Sony Liv to name a few, are hosting live sports events and movie premieres.Continue Reading
Adani Group dropped Deloitte as the auditor of various UK subsidiaries last year, replacing it with a far smaller accountancy firm. Crowe UK replaced the Big Four firm as the auditor of UK entities including Adani Energy Holdings Ltd. after the Indian firm bought them in 2021, corporate filings show.Continue Reading