LiveAdani Prepays $1.11 Billion Loan, Releases Pledged Shares of 3 Companies
The promoters of the Adani Group prepaid the loan with shares in the three leading companies as collateral and released the pledged shares. The group...
Category : BUSINESS
OneWeb and Kazakhstan National Railways Sign MoU for LEO Satellite Connectivity
Low-orbit satellite communications company OneWeb and Kazakhstan’s national railway company “Kazakhstan Temir Zholy” have signed a Memorandum of Understanding (MoU) to explore the possibility of...
Reliance Retail Partners with Banks to Accept Digital Rupee
The digital rupee was first launched by the Reserve Bank of India (RBI) on December 1, 2022, on a pilot basis in retail markets in...
Airtel Now Owns 47.95% Direct Stake in Indus Towers
India’s leading telecom operator, Bharti Airtel, now directly owns 47.95% of Indus Towers. Note that Airtel already owns 47.95% of Indus Towers, which is indirect....
RBI Sets 7.26% Coupon Rate for New 10-Year Benchmark Government Bond
The Reserve Bank of India (RBI) set a coupon rate of 7.26% on new 10-year benchmark government bonds due in 2033 on February 3, raising...
Adani’s $108 Billion Crisis Shakes Foreign Investors’ Confidence in India
Ten days ago, Gautam Adani and his sprawling energy-to-ports empire looked invincible. Now, a US short-seller attack has plunged the billionaire into the worst crisis...
Azad Engineering is India’s First Supplier of Nuclear Turbine Components
Azad Engineering Private Limited, a Hyderabad-based precision engineering market leader, has been approved as the first Indian company to supply critical rotating components for nuclear...
Adani’s Market Losses Exceed $100 Billion as Shelved Share Sales Spook Investors
Shares in India’s Adani Group fell on Thursday after it abandoned a $2.5 billion share offering for its flagship company, widening the group’s market losses...
Union Budget 2023: Gaming Industry Welcomes TDS Changes, Awaits Clarity on GST
In Union Budget 2023, Finance Minister Nirmala Sitharaman announced a 30% tax on “net winnings” from online games. To further clarify the tax policy, she...
Adani Group has $35 Million in Bond Coupons Due This Week
The conglomerate, backed by Indian billionaire Gautam Adani, will pay $34.7 million in coupons on its dollar bonds this week, most of which have fallen...