China announces policy measures to shield exports from Trump’s tariff threat
China on Thursday, in response to US President-elect Donald Trump’s threat to increase tariffs on Chinese goods, announced new measures on Tuesday to support its export sector.Beijing aims to create a “good environment” for its exports and counter the “unreasonable foreign trade restrictions” imposed by the US.China’s commerce ministry, in
Tata Power, ADB ink pact for $4.25-billion finance for key energy projects
Tata Power on Thursday said it has signed an initial pact with Asian Development Bank (ADB) to evaluate financing worth $ 4.25 billion for its several strategic projects. A memorandum of understanding has been signed with ADB at Baku, Azerbaijan, Tata Power said in a statement. “The MoU has been
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
Indictment of Gautam Adani, senior executives on US bribery charge credit negative for Adani Group: Moody’s Ratings, ET Infra
NEW DELHI: One of the world’s premier credit rating agencies, Moody’s Ratings, in a statement on Thursday said that the indictment of Adani Group Chairman Gautam Adani and other senior officials on bribery charges by the US Department of Justice is credit negative for group companies. As per the indictment,
India expected to remain stable amid US China trade war in 2025: Goldman Sachs
India is expected to remain relatively unaffected from the global financial disruptions that might occur due to a trade war between the US and China in 2025, as per a report by Goldman Sachs.The report stated that India’s structural growth prospects in the long run will remain strong despite ongoing
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 indicted in US: Adani Green withdraws $600 million bond offering amid bribery allegations
This marks the second cancellation of an Adani Green bond issuance. Gautam Adani indictment impact: Adani Green Energy Ltd. has called off its $600 million bond offering, which was priced at approximately 7.45-7.5%. This decision follows a U.S. Department of Justice and SEC announcement related to a court order that
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