Raghu Vamsi group invests Rs 300 crore in integrated facility in Hyderabad
HYDERABAD: Raghu Vamsi Group, a Hyderabad-based manufacturer of high precision, life critical products for aerospace & defence, space, oil & gas and medical sectors, is investing Rs 300 crore in setting up a new facility spread over eight acres at Hardware Park near the Hyderabad international airport.To be spread over
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
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
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 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
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