Page 529 - Company News

Adani indictment may test Trump's desire to keep India in US orbit

For India in particular, the charges against Adani only reinforces its strategy to keep a foot in both major camps, staying friendly with the US while also keeping up good ties with Russia, China

Adani bond prices hit one-yr low as investors weigh US bribery allegations

Ports bonds maturing in 2027 were down 1.6 cent to 88.98 cents on the dollar, having lost nearly 7 cents in face value

US SEC indictment of Adani jolts Asia's offshore bond market revival

While Adani denies any wrongdoing, the capital markets blowback is brutal

US development agency assessing ramifications on Adani's Sri Lanka project

US International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka

B'desh seeks to review major energy projects; Adani Group's one on list too

The six other agreements include one with a Chinese company that built a 1320 MW coal-fired power plant, while the rest are with Bangladeshi business groups said to be close to the past regime

US agency conducting due diligence on Adani's Sri Lanka project: Report

Last November, the agency said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by India's Adani Group

CCI rejects global major Apple's request to put antitrust report on hold

Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed

Solar sector caught in a haze as Adani storm to hit funding, project plans

Sector majors are likely to shy away from SECI tenders, stating that Letters of Allocation (LoA) are no longer a gold standard

Apple rings in $10 billion in iPhone production freight on board

This equates to a $15 billion market value, with 70% exported

Flour mills to mega deals: How Manjushree morphed into a packaging giant

A visit to a Tata Tea garden in the region sowed the seed of the idea of plastic packaging in the mind of Kedia and his brothers

India's 26 major realty firms sell Rs 35,000 cr worth properties in Q2

India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings.

Adani notice to go via 'proper channel'; US SEC has no jurisdiction: Report

The summons, which are part of the legal docket that SEC filed before a New York court, will take some time before it can actually be served on the Adanis

Patanjali Ayurved's FY24 revenue rises 23% to Rs 9,335.3 cr

Patanjali Ayurved reported a total profit of Rs 578.44 crore on a revenue of Rs 7,533.88 crore for the financial year that ended on March 31, 2023

Punit Goenka withdraws from reappointment for ZEEL MD in upcoming AGM

Earlier, the ZEEL board had enhanced the performance targets for Goenka for his re-appointment, according to a filing by the company

Hero MotoCorp US partner in advanced stage of developing mid-sized e-bike

Hero MotoCorp's current VIDA electric scooter range is currently priced between Rs 1-1.5 lakh, including state subsidies. The company sells the VIDA range in over 230 cities and towns in the countryHe

Reliance's refining margins recover but retail remains uncertain: JPMorgan

In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction

Tractor industry festive sales may grow 8-10% in FY25: Escorts Kubota CFO

Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10 per cent this year on the back of good monsoon lifting market sentiments

Never entered into agreement to operate airport in Kenya: Adani Group

The group was responding to notices sent by stock exchanges to confirm reports of Kenyan President William Ruto ordering the cancellation of a procurement process

Myntra pilots foray into quick commerce with 'M-Now' in parts of Bengaluru

The pilot project, "M-Now," is operational in a few pin codes in Bengaluru and offers a limited selection of products "to see how it works"

CESC secures LoI for Rs 871 cr deal to acquire Chandigarh power firm

The financial bidding process saw CESC outbidding competitors such as Torrent Power, NTPC Ltd, and ReNew Power, which had quoted Rs 606 crore, Rs 563 crore, and Rs 551 crore respectively