Banks’ exposure to Adani group “insufficient” to pose credit risk: Fitch
MUMBAI: The exposure of Indian banks to the embattled Adani Group is "insufficient in itself" to present a substantial risk to the credit profiles of these lenders, Fitch Ratings said in a note on Tue ...
‘Adani Enterprises share price has 40% more downside’
NEW DELHI: Shares of Adani Group’s flagship firm are overvalued on some metrics despite plunging more than 50% in the rout triggered by US short seller Hindenburg Research’s scathing report last month ...
No impact of Adani FPO cancellation on economy: Sitharaman
NEW DELHI: Union finance minister Nirmala Sitharaman said here on Saturday that the cancellation of Adani Enterprises’ follow-on public offer (FPO) will not have any impact on the economy and no effec ...
Indian crypto exchange WazirX moves funds after Binance cuts off service
Indian crypto exchange WazirX said it was transferring funds held with Binance for its operations to other wallets after Binance said it was cutting off the service, the latest in a running dispute be ...
Adani in talks to prepay share pledges to boost confidence
NEW DELHI: Embattled billionaire Gautam Adani is in talks with creditors to prepay some loans backed by pledged shares as he seeks to restore confidence in his conglomerate’s financial health, a perso ...
FM Sitharaman applies Amrit-anjan balm to give middle class relief
Finance minister Nirmala Sitharaman on Wednesday said the Union Budget 2023 seeks to make it more attractive for individuals to move to the new tax regime and is aimed at benefiting the middle class.I ...