India’s economic growth projected to accelerate in Q3 FY2025: ICRA report
NEW DELHI: India’s economic growth is expected to accelerate in the third quarter (October-December 2024) compared to the first half (April-September 2024) of the current financial year, according to a report by ICRA report. The projection is supported by improved economic indicators and strong sectoral performance, with preliminary November 2024
Rupee hits a new low at 84.50 against US dollar
The rupee fell by 8 paise on Thursday to settle at an all-time low of 84.50 against the US dollar, primarily due to a massive sell-off in domestic equity markets, ongoing foreign investment outflows, and surging crude oil prices due to geopolitical instability.According to forex traders, the dollar is witnessing
Moody’s to evaluate Adani Group’s governance amid bribery allegations
NEW DELHI: Moody’s Ratings on Thursday announced on Thursday that it will evaluate Adani group’s governance standards while determining the conglomerate’s ability to raise capital, following the bribery allegations against its chairman Gautam Adani. “The indictment of Adani Group’s chairman and other senior officials on bribery charges is credit negative
Adani Group denies allegations in first reaction to Gautam Adani US indictment; calls charges ‘baseless’
Following the news of the indictment, Adani Group stocks crashed up to 20%. Gautam Adani-led Adani Group has responded to the bribery and fraud allegations by the US Department of Justice and the US Securities and Exchange Commission, calling the charges “baseless”.The investigation centers on Adani Green Energy Ltd. and
Gautam Adani Case Explained: Here are US charges against Gautam Adani | India Business News
Adani Group chairman Gautam Adani during an event, in Nagpur. (PTI file photo) US prosecutors have charged billionaire tycoon Gautam Adani with involvement in a plan to pay more than $250 million in bribes to government officials in India for solar energy contracts, a move that stands to further roil
Stock market today: BSE Sensex opens over 400 points down; Nifty50 below 23,400
The 23,780-23,800 range represents key resistance, say market analysts. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 77,200, Nifty50 was below 23,400. At 9:18 AM, BSE Sensex was trading at 77,172.19, down 406 points or
Adani Group stocks plunge up to 20% after Gautam Adani’s indictment in US on bribery and fraud charges
The US Securities and Exchange Commission has filed charges against Gautam Adani. Adani stocks today: Share prices of Adani Group companies crashed sharply by up to 20% on Thursday following charges against Gautam Adani and seven others in the United States regarding a multibillion-dollar bribery and fraud scheme. The US
Adani group acquires Odisha farm land near sacred hills, stirs political slugfest
BHUBANESWAR: Adani Group’s acquisition of agricultural land near the mineral-rich and sacred Gandhamardhan Hills in Odisha’s Balangir district has sparked a political controversy, with opposition parties questioning whether the company intends to undertake mining in the area. Adani Group and BJP have dismissed the concerns.According to govt land records, Adani
NCLT stays resolution to amend Aakash’s AoA
NEW DELHI: The NCLT on Wednesday stayed a resolution related to amendment in the Articles of Association of Aakash Educational Services which allegedly seeks to dilute the rights of petitioners including Singapore VII Topco I. Ready to Master Stock Valuation? ET’s Workshop is just around the corner! Source link
Nearly half of forex spends’ September fall due to dip in travel
MUMBAI: Foreign exchange spending by Indians declined by $453 million in Sept 2024 compared to Aug, primarily due to a $200 million drop in international travel.Outward remittances under the Liberalised Remittance Scheme stood at nearly $2.8 billion in Sept, down 14% from $3.2 billion in Aug, RBI data showed. The