Maintaining their downward streak, Adani Group bonds fell for the second consecutive day as investors exited positions amid charges of bribery and fraud against the conglomerate. Moreover, Kenya’s cancellation of a nearly $2-billion deal that would have given the Adani Group control of the country’s main airport further dampened investor sentiment. Adani Ports and Special
S&P Global Ratings has assigned a negative outlook to several companies of the Adani Group following charges of bribery by US courts against Chairman Gautam Adani. In a statement, the ratings agency, said domestic, international banks and bond market investors could set limits on their exposure to the Adani Group which may affect the funding
lakh dispatches of the Innova Hycross across the country ever since it was launched in late 2022. In fact, this development coincides with the MPV’s second anniversary since its debut in the Indian market. Built on Toyota’s advanced Global Architecture (TNGA), the Innova Hycross was launched on November 2022 and marked a significant departure from
Mahindra has a few upcoming launches and the ones to look out for are the two electric SUVs — the BE 6e and XEV 9e. The vehicles have been teased several times and have also been spotted testing on Indian roads. Now, the company has released teasers again, in the form of sketches. Here’s what
Karnataka Bank has announced the launch of two innovative financial products – KBL Peak, an education loan with up to Rs 2 crore financing and comprehensive coverage, and KBL Genius, a student savings account featuring a first-of-its-kind free cyber insurance and exclusive benefits. On this occasion, Srikrishnan H, Managing Director & CEO, emphasised the significant
– By Deepal Shah Efficiency is the cornerstone of any business, especially in an industry like logistics, where optimising costs and improving speed have a direct relationship to the bottom-line. To CFOs, application of technology has been presented as an indispensable tool to achieving efficiency. In the AI-era of today, tools such as Chatbots, RPA
Domestic complex fertiliser manufacturers are expected to post a decline of around 10 per cent on-year in operating profitability to Rs 3,200-3,300 per tonne in fiscal 2025, stated a report by CRISIL Ratings. The decline will be due to lower realisations amid higher-than-expected raw material prices, however, the report maintained, they will recover most of
It’s a good Friday for the markets. The benchmar indicesm Nifty and the Sensex staged a strong recovery the Nifty moved well above its 200-day moving average around 23,500. This rally was led by blue-chips, Reliance Industries and IT companies and the Sensex jumped almost 2000 points intra-day. The Adani Group companies have also seen
When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and
With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite
OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy
Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company
Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The
