NEW DELHI: Moody’s Investor Service on Friday revised downwards the rating outlook on four Adani Group companies to negative from stable after a significant and rapid decline in market value following a report by US-based short seller Hindenburg Research. In a statement, Moody’s said the rating outlook for Adani Green Energy Ltd, Adani Green Energy […]
NEW DELHI: Air India SATS will set up an integrated multimodal cargo hub at the upcoming Jewar airport in Uttar Pradesh in partnership with Zurich Airport, Tata Group Chairman N Chandrasekaran said on Friday. In his address at the UP Global Investors Summit, he said Air India has plans to connect every part of UP […]
NEW DELHI: Air India has finalised an order for around 250 aircraft with Airbus and the deal is expected to be announced next week, a source said on Thursday. The source in the know also said the airline has signed a deal with Boeing for about 200 planes. Specific details could not be immediately ascertained […]
CHENNAI: Former Union minister and senior BJP leader Subramanian Swamy has said he wants the Centre to nationalise the assets of Adani Group, which has faced scrutiny after its stocks tumbled following a report over its financial deals and a ruckus was created in Parliament by opposition parties over it. In an interview with PTI […]
NEW DELHI: The Supreme Court on Thursday remanded back to the Bombay High Court for fresh adjudication in four weeks an appeal filed by the CBI challenging the nod granted to Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi, to travel to Hong Kong. Nirav Modi is an accused in the Punjab National Bank […]
NEW DELHI: Microblogging site Twitter on Thursday announced the subscription plans for Twitter Blue in India. The users in India will have to pay to keep their Twitter Blue subscription active and use the additional features. To use the Twitter Blue services in India on android mobile or iPhones, users would need to pay Rs […]
NEW DELHI: Infra.Market, which runs India’s largest platform for construction materials, has announced the launch of its Grade 1 AAC Block plants at Talegaon in Pune and Shirala in Sangli. The plants will use state-of-the-art international manufacturing equipment to produce superior-quality AAC blocks, which have become one of the industry’s most sustainable and economical building […]
NEW DELHI: The Prime Minister, Narendra Modi, dedicated the HAL Helicopter Factory to the nation in Tumakuru . He also laid the foundation stone of the Tumakuru Industrial Township and two Jal Jeevan Mission projects at Tiptur and Chikkanayakanahalli in Tumakuru. The Prime Minister took a walkthrough of the Helicopter Facility and Structure Hangar and […]
NEW DELHI: BJP member Nishikant Dubey on Tuesday countered the allegations levelled by Congress leader Rahul Gandhi in Lok Sabha against the Narendra Modi government, saying the Congress itself had favoured several industrial houses like the Tata, Birla and Ambani. Earlier, while participating in the debate on Motion of Thanks to the President’s Address, Gandhi […]
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. yielded a value of 945 rupees per share even before “factoring any of the […]
NEW DELHI: A belligerent Rahul Gandhi on Tuesday led a blistering opposition attack in Lok Sabha over the Hindenburg report, claiming that the meteoric rise in Gautam Adani’s fortunes happened after the BJP came to power in 2014 as he rose in the global rich list from the 609th to the second spot eventually. The […]
NEW DELHI: Congress leader Rahul Gandhi on Monday said Prime Minister Narendra Modi will do his best to avert a discussion on the Adani issue in Parliament, asserting that the country should know what power is behind the billionare businessman. “Modi ji will do his best to avert a discussion on Adani ji in Parliament. […]
NEW DELHI: Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. “This is in continuation of […]
NEW DELHI: The Congress on Sunday stepped up its attack on the Centre over allegations against the Adani group, alleging that the Modi government’s “loud silence” over the issue “smacks of collusion”. Adani group stocks have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent […]
CHENNAI: Ready for harvest paddy crops spread over one lakh hectares in Cauvery delta region has submerged following unseasonal rainfall, Tamil Nadu Chief Minister M K Stalin apprised Prime Minister Narendra Modi on Sunday and urged relaxation of paddy procurement norms including stipulation on moisture content. When paddy (Samba) is all set for harvest this […]
NEW DELHI: InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Friday reported a steep rise in profit at Rs 1,422.6 crore in the three months ended December 2022, primarily fuelled by robust demand for air travel. The company had a Profit After Tax (PAT) of Rs 129.8 crore in the same period […]
