Business

Business

Adani Green Energy Ltd reports robust growth in its 9M FY24 results

January 29, 2024 Vinayak Barot

Ahmedabad, 29 January 2024: Adani Green Energy Ltd (AGEL), India’s largest and fastest growing pure-play renewable energy company, today announced financial results for the quarter and nine months ending 31 December 2023.  FINANCIAL PERFORMANCE – Q3 & 9M FY24: (Rs. in crore) Particulars Quarterly performance Nine month performance Q3 FY23 Q3 FY24 % change 9M […]

Read more

Business

Deloitte in eye of storm as SEC probes Tingo for $470 mn scam, experts call for greater oversight to protect Indian investors

January 29, 2024 Vinayak Barot

New Delhi,  Auditing firm Deloitte has once again been caught in the eye of the storm of regulators. Deloitte’s international audit arm certified that Nigerian firm Tingo – accused of fraud by Hindenburg – had more than $470 million in the bank. However, reports indicate that the Securities and Exchange Commission only found $50 in the […]

Read more

Business

Adani Green delivers cash backed redemption plan for USD 750 million Holdco bond

January 29, 2024 Vinayak Barot

Ahmedabad, 29 January 2024: Adani Green Energy Limited (AGEL) has completed the funding for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes) with the receipt of the funds under the preferential allotment of INR 9,350 Cr (USD 1,125 million) to the promoters of AGEL The shareholders of AGEL, approved the preferential […]

Read more

Business

Roving Periscope: To China’s chagrin, India decorates Taiwan’s Foxconn chief

January 27, 2024 revoi editor

Virendra Pandit   New Delhi: In a tit-for-tat weeks after China wooed the Maldives, India has announced to honor Taiwan’s leading businessman—Foxconn Chairman and CEO Young Liu—with the third highest civilian award, Padma Bhushan, on the eve of this year’s Republic Day. He is among the 16 eminent people to be decorated with the Padma […]

Read more

Business

ACC reports robust quarterly performance, Q3 operating EBITDA up 139% at Rs. 905 cr

January 25, 2024 Vinayak Barot

Ahmedabad, 25 January, 2024:  ACC Limited, the most trusted legacy brand and one of India’s largest cement and building materials company of the diversified Adani Group, today announced robust Q3 FY’24 financial results on the back of a sharp growth in volume and improvement of important KPIs.  Mr. Ajay Kapur, Whole Time Director & CEO, […]

Read more

Business

Adani Power announces Q3 FY24 results, Q3 FY24 continuing revenue grows 72% y-o-y to Rs. 13,405 Crore

January 25, 2024 Vinayak Barot

Ahmedabad, January 25th, 2024: Adani Power Ltd. [“APL”], a part of Adani portfolio companies, today announced the financial results for the third quarter ended 31st December 2023. Commenting on the quarterly results, Mr. S B Khyalia, CEO, Adani Power Limited, said, “Adani Power continues to demonstrate its leadership across domains by achieving ever-higher standards of […]

Read more

Business

The Maldives: Anti-Indian President Muizzu faces mounting domestic protests

January 25, 2024 revoi editor

Virendra Pandit   New Delhi: Amid mounting anti-government protests, speculation is rife in the Maldives if its pro-Chinese President Mohamed Muizzu will be able to complete his first year in office in November 2024. His People’s National Congress had won the 2023 elections banking on an anti-India narrative, a departure from his predecessors who pursued […]

Read more

Business

Roving Periscope: Overwhelmed by immigrants, Canada tries a course-correction

January 25, 2024 revoi editor

Virendra Pandit   New Delhi: With its reckless pro-immigration policy almost ‘destabilizing’ the politico-economy and the society in the sprawling North American country because of fast-changing demographics, soaring inflation, social unrest, and the angry natives reportedly bracing to throw out the Justine Trudeau government in October 2025, Canada has rushed to do some mid-stream course […]

Read more

Business

We executed an extensive engagement program for our financial and non-financial stakeholders: Gautam Adani

January 25, 2024 Vinayak Barot

Adani Group Chairman Gautam Adani said, It was on 25 Jan 2023, exactly a year ago, when news arrived at breakfast that a short-seller in New York had put up online a compilation of allegations against the Adani Group. Fatuously self-styled as a ‘research report’, it contained the same dead allegations that my detractors had […]

Read more

Business

R-Day: PM Modi to host French President Macron; may discuss modular n-reactors

January 24, 2024 Vinayak Barot

Virendra Pandit   New Delhi: When French President Emmanuel Macron lands in Jaipur on Thursday, his host Prime Minister Narendra Modi will accompany him on a roadshow in the Rajasthan capital before welcoming him in New Delhi as the Chief Guest at the Republic Day Parade on January 26 (Friday). The grand roadshow in Jaipur […]

Read more