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Representational image only. File | Photo Credit: Reuters “India’s real Gross Domestic Product (GDP) growth slumped to a multi-quarter low of 5.4% in the July to September 2024 quarter (Q2 of 2024-25), from a five-quarter nadir of 6.7% in Q1, with Gross Value Added (GVA) growth slowing to 5.8% from 6.8% in Q1,” as per…
Read More “India’s real GDP growth slumps to multi-quarter low of 5.4%” »
Gautam Adani, founder and chairman of the Adani Group. File photo | Photo Credit: Reuters Backing embattled Adani Group, rating agency CRISIL Ratings on Friday (November 29, 2024) said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far…
Read More “Crisil says no negative actions so far by lenders on Adani following U.S. indictment” »
A man walks past a corporate office of Adani Group in Gurugram, India, November 22, 2024. REUTERS/Priyanshu Singh | Photo Credit: Reuters Shares of all 11 listed Adani Group firms rallied in morning trade on Friday (November 29, 2024), with Adani Green Energy surging nearly 15%. Shares of Ambuja Cements went up by 2.90%, Sanghi…
Read More “Adani Group stocks surge; Adani Green jumps nearly 15%” »
File image. | Photo Credit: Reuters The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from…
Read More “Rupee falls 2 paise to 84.49 against U.S. dollar in early trade” »
File image. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (November 29, 2024) amid buying in frontline stocks Reliance Industries and HDFC Bank. The BSE benchmark Sensex climbed 216.18 points to 79,259.92 in early trade. The NSE Nifty went up by 78.6 points to 23,992.75. From the…
Read More “Stock market today: Sensex, Nifty bounce back after sharp correction in previous trade” »
Odisha Chief Minister Mohan Charan Majhi. File photo | Photo Credit: PTI Ahead of Prime Minister Narendra Modi’s meeting with Chief Minister Mohan Majhi, his cabinet colleagues, MLAs and other leaders, the State government has approved project proposals that entails an investment to the tune of ₹1,36,622.24 across 20 transformative industrial projects. The High Level…
Read More “Odisha govt. approves industrial projects worth ₹1.36 lakh crore ” »
Zee Group Chairman Subhash Chandra’s son Punit Goenka. | Photo Credit: PTI The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Mr. Goenka…
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File Picture | Photo Credit: Reuters Reliance Industries’ U.S. unit has bought a 21% stake in U.S.-based helium production company Wavetech Helium for $12 million, the conglomerate said on Thursday (November 28, 2024), in a move aimed at expanding its low-carbon energy segment. The billionaire Mukesh Ambani-run group, which operates the world’s biggest oil refining…
Read More “Reliance’s U.S. unit buys $12 million stake in helium explorer Wavetech Helium” »
Air India will see most of the air traffic growth coming from domestic and short-haul international operations in 2025 as more narrow-body planes are joining the fleet and legacy wide-body aircraft will be going for retrofit next year, the airline’s chief Campbell Wilson said on Thursday, November 28, 2024. The Tata Group-owned airline, which has…
Read More “AI sees growth from domestic, short international flights in 2025: CEO Campbell Wilson” »
Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday (November 28, 2024), after the group’s billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group’s listed stocks, which at one point saw as much as $34…
Read More “Adani group loans: Indian lenders kick off a review” »