Page 1590 - Company News

RBI asks banks to share information on exposure to Adani Group companies

SBI's exposure to the group is Rs 21K cr

'No need for concern over SBI, LIC exposures': Fin Secy on Adani stock rout

India's finance secretary, when asked about the Adani Group companies' stock rout, said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or LIC

India Cements Q3 net up seven fold to Rs 133 crore on sale of subsidiary

Revenue rises 10%; company lines up Rs 1,600 cr plan to revamp old plants

Not re-evaluating investment in Adani companies, says TotalEnergies

French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings

Adani stock plunge can hurt group's ability to raise debt, says Moody

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

Exposure to Adani Group is limited, not re-evaluating stakes: TotalEnergies

Total has a 37.4% stake in Adani Total Gas (ATGL) and a 19.75% stake in Adani Green Energy (AGEL), according to its statement on Friday

Portion of Adani Group's capital expenditure is deferrable: Moody's

Moody's also said the adverse developments relating to the Adani Group - rapid decline in market value of the group company's shares- will impact the group's ability to raise capital

No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch

Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters

Bank of Baroda reports highest-ever quarterly profit of Rs 3,853 cr in Q3

On the bourses, shares of the bank jumped over 5 per cent to an intra-day high of Rs 162.3 per share

DTH companies say they will raise prices gradually, not in one go: Report

Broadcasters have been complaining that the price of TV content has not seen any increase since 2019

Tata Sons exploring ways to get out of upper layer NBFC list: Report

Since the collapse of IL&FS in 2018, the RBI has been gradually tightening the regulatory framework for NBFCs

The decision on FPO will not have any impact on our operations: Adani

Adani Enterprises to review capital raising plans once shares stabilise

No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions

Weak consumer sentiment, higher inflation is hurting sales

Adani Enterprises shares removed from Dow Jones Sustainability Indices

Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud

Ford Motor Co posts lower profit, issues downbeat outlook; shares drop

Ford Motor Co said quarterly profits fell and automaker predicted a difficult year ahead, sending its shares down after bell as investors were disappointed

Gautam Adani in talks to prepay share pledges to boost confidence: Report

The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person

Gautam Adani backers from New York to Tokyo dissect and limit exposure

The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research's fraud allegations last week

Adani's $108 billion crisis shakes foreign investors' faith in India

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

Adani group companies market capitalisation erosion tops $100 billion

AEL pulled the plug on its fully-subscribed $2.4 billion (Rs 20,000-crore) follow-on public offering FPO

FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ

Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ