Business

Business

Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies

May 31, 2024 Vinayak Barot

NEW DELHI: The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown. During FY24, the Adani Group’s EBITDA grew to Rs 660 billion, with more than doubling of Adani Power’s […]

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Business

Roving Periscope: America on the edge as ‘guilty’ Trump’s supporters threaten retribution

May 31, 2024 virendra pandit

Virendra Pandit New Delhi: Barely six months before the US votes to elect its 47th President, America on Friday appeared on the edge as a court found ‘frontrunner’ Republican Donald Trump guilty in a 2016 case and his supporters flooded social media with threats of violence and retribution, the media reported. The Democrats’s camp, campaigning […]

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Business

India Ratings upgrades Adani Green Energy to ‘IND AA-’ from ‘IND A+’with stable outlook

May 30, 2024 Vinayak Barot

India Ratings and Research (Ind-Ra) has elevated the Long-Term Issuer Rating of Adani Green Energy Limited (AGEL) from ‘IND A+’ to ‘IND AA-‘, with a Stable outlook. This significant upgrade underscores AGEL’s robust operational performance, enhanced execution capabilities, and improved financial health, on May 30. The upgrade reflects AGEL’s strong operational asset performance, increased annual capacity additions, and […]

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Business

Gaza: Xi Jinping calls for a Middle East ‘peace conference’

May 30, 2024 virendra pandit

Virendra Pandit New Delhi: A week after threatening democracy in Taiwan and conducting its biggest military drill ever around the self-ruled island nation, China’s President-for-Life Xi Jinping on Thursday called for an ‘international peace conference’ in the Middle East which, he said, is ‘suffering tremendously’ amid the ongoing Gaza War. Addressing a Beijing Summit attended […]

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Business

Roving Periscope: China sitting on twin democratic volcanos of Taiwan and Hong Kong

May 30, 2024 virendra pandit

Virendra Pandit New Delhi: Since 1949, Communist China has been trying to crush democracy in its breakaway island territory, Taiwan, almost every week. It has also been attempting to sniff out democracy in Hong Kong, which the British returned to China in 1997 on the promise of retaining its democracy. It may now be sitting […]

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Business

Border clash: Iranian army kills 4 Pakistanis, injures two in Baluchistan

May 30, 2024 virendra pandit

Virendra Pandit New Delhi: A month after then-Iranian President Ebrahim Raisi visited Pakistan to “strengthen ties”, the two countries returned to blows as the Iranian army killed four Pakistanis and injured two in Baluchistan, the media reported on Thursday. The incident happened on Tuesday night when Iranian forces opened fire in the restive southwestern province […]

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Business

US Polls: If he wins the WH again, Trump may invite Musk as an advisor

May 30, 2024 virendra pandit

Virendra Pandit New Delhi: One of them is unpredictable. The other one is a maverick. They have often been at loggerheads. Six months ahead of the US presidential elections in November 2024, however, they may have come together, on the same page. Former United States President Donald Trump, a businessman-politician, is considering offering Tesla-X (ex-Twitter)-SpaceX […]

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Meeting between Japanese Ambassador Hiroshi Suzuki and Adani Group Chairman Gautam Adani

May 29, 2024 Vinayak Barot

Adani Group Chairman Gautam Adani tweeted, Had a very engaging discussion with Amb Hiroshi Suzuki of Japan. We are grateful for his visit to our Mundra Port and to Khavda where we are building the world’s largest Hybrid Renewable Energy Park of 30 GW capacity. The Ambassador’s appreciation for India’s culture, the value he places […]

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Roving Periscope: Against Pak Army—Imran, and Nawaz are on the same page!

May 29, 2024 virendra pandit

Virendra Pandit New Delhi: For the first time, and by a strange coincidence, two arch-political enemies—former Prime Ministers Mohammed Nawaz Sharif and Imran Ahmed Khan Niazi—find themselves on the same page, and against the once-powerful Pakistani Army who had foisted them in Islamabad and then orchestrated their ouster. In the space of a year or […]

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Business

Markets: Ahead of June 4, Sensex, Nifty50 shed weight as S&P upgrades India

May 29, 2024 virendra pandit

Virendra Pandit New Delhi: Although S&P revised India’s outlook to ‘positive’ and maintained its ‘BBB-‘ rating on Wednesday, cautious stock markets shed some weight ahead of June 4 when results of the ongoing Lok Sabha election will be declared. The election campaign for the seventh and last phase of parliamentary elections will close on Thursday […]

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