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Counter to Rahul Gandhi’s Rs 20,000 cr claim: Adani says USD 2.6 bn stake sale money came in group firms

April 10, 2023 Vinayak Barot

New Delhi, Apr 10 (PTI) Billionaire Gautam Adani’s group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi’s claim of Rs 20,000 crore coming in to […]

English

EAEU reduces the use of the dollar in mutual settlements to 21 percent: Russia

August 20, 2022 Vinayak Barot

New Delhi: The use of the dollar in mutual settlements of the EAEU countries decreased to 21 percent of the total volume of transactions, while payments in national currencies reached about 75 percent, Russia’s Deputy Foreign Minister Alexander Pankin said in an interview with the media. “Increasing the share of national currencies in mutual settlements has […]

English

Pakistani Rupee falls to an all-time low of 188.66 against USD amid uncertainty

May 11, 2022 Vinayak Barot

New Delhi: Volatility emerged again as the Pakistani rupee depreciated Rs 0.60 against the US dollar to Rs 188.66 in the inter-bank market. The value of the greenback surged by 82 paise in early trade and is currently being traded at Rs 188.35 in the interbank market, hitting an all-time high. The rupee extended its decline […]

Business

Adani Airports raises USD 250 Mn for Airports Development

May 9, 2022 Vinayak Barot

Ahmedabad, 09 May 2022: Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, today announced successful closure of funding of USD 250 Mn senior secured 3-year ECB facility from consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise additional USD 200 Mn. The […]

Business

Adani Green raises USD 288 Mn Construction Facility, Increases the construction revolver pool to USD 1.64 Bn

March 21, 2022 Vinayak Barot

With this Senior Debt Facility, contracted with seven international banks, AGEL has extended its Construction Financing Framework to USD 1.64 Bn Reinforces AGEL’s overall capital management philosophy and fast tracks the development agenda to raise the pace of energy transition by 2030 The facility will finance the 450 MW hybrid portfolio of solar and wind […]