Infrastructure Development
4 min read
8

Raghu Vamsi group invests Rs 300 crore in integrated facility in Hyderabad

November 21, 2024
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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

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Infrastructure Development
4 min read
9

Who is Sagar Adani, accused of bribery and fraud charges along with Gautam Adani in the US?

November 21, 2024
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Sagar Adani, nephew of Gautam Adani, is among the others who have been facing allegation of fraud and bribery in the United States.He with other co-defendants, has been charged by US prosecutors with allegedly paying over $250 million in bribes between 2020 and 2024 to Indian government officials to secure

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Infrastructure Development
3 min read
21

Indictment of Gautam Adani, senior executives on US bribery charge credit negative for Adani Group: Moody’s Ratings, ET Infra

November 21, 2024
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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,

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Infrastructure Development
4 min read
7

India expected to remain stable amid US China trade war in 2025: Goldman Sachs

November 21, 2024
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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

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Infrastructure Development
3 min read
6

Rs 60k cr BPCL project to come up near Andhra port, ET Infra

November 21, 2024
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NEW DELHI: Andhra Pradesh is set to get an oil refinery and a petrochemical hub at Ramayapatnam in Nellore district that entails an investment of Rs 60,000 crore, fulfilling a promise made at the time of the state’s bifurcation in 2014 and giving chief minister N Chandrababu Naidu a boost.

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Infrastructure Development
3 min read
10

Moody’s to evaluate Adani Group’s governance amid bribery allegations

November 21, 2024
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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

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Infrastructure Development
5 min read
16

Adani Group denies allegations in first reaction to Gautam Adani US indictment; calls charges ‘baseless’

November 21, 2024
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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

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Infrastructure Development
4 min read
12

Gautam Adani indicted in US: Adani Green withdraws $600 million bond offering amid bribery allegations

November 21, 2024
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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

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Infrastructure Development
4 min read
11

Stock market today: BSE Sensex opens over 400 points down; Nifty50 below 23,400

November 21, 2024
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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

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Infrastructure Development
4 min read
23

Adani Group stocks plunge up to 20% after Gautam Adani’s indictment in US on bribery and fraud charges

November 21, 2024
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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

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