Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said
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24th Sep 2022 | Updated at 03:04pm 24th Sep 2022
Tata's 5-year plan to enhance Air India's growth
Air India has unveiled a 5-year plan called ‘Vihaan.AI’ to focus on its growth in network and fleet, revamping its customer proposition, enhancing reliability and on-time performance, after its recent acquisition by the Tata Group.
India imposes 20% export duty on non-Basmati rice
India imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season. According to a notification by the revenue department, an...
ArcelorMittal- Nippon Steel India (AM/NS India) has inked an agreement with India's Essar Group to buy certain infrastructure assets that are “strategic” to its steel-making operations in the country
Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, said he expects the GDP to grow up to 15.7 per cent in the first quarter of 2022-23 with more chances of the final numbers printing in higher, while Aditi Nayar, the...
'ReNew Power' based in India's Gurgaon has raised a $1-billion project loan through external commercial borrowings (ECB), tying up with 12 international banks for the finance. The company said it is the single largest project funding in Indian...
Adani Logistics, the wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd. has signed a definitive agreement to acquire ICD Tumb (Vapi) from Navkar Corporation for £83.5 million. The deal comprises the acquisition of the operational...
Japanese lender, MUFG Bank has announced that it has begun operations from Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, the capital city of Gujarat state. In May this year, the bank received final approval from the International...
Four months after the Bombay Stock Market Index (sensex) recorded its highest level for the current fiscal, it reclaimed the psychologically important...
Akasa Air, the startup budget airline launched in India on August 7 with late Rakesh Jhunjhunwala as its biggest investor, has said it remains “well-capitalised” and will induct the ordered 72 aircraft over the next five years. It will also...
Profit of Tata Sons more than doubled in fiscal 2022, boosted by gains made from participating in the share buyback of TCS as well as by dividends received...
