Billionaire Gautam Adani’s embattled conglomerate said its balance sheet is “very healthy” and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in…
Category: Companies
Air India seals mega deals with Airbus, Boeing: Ten things to know about the record order
Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing. Here are ten things to know about this mega development in India’s aviation sector. *…
Vedanta Resources says it cut net debt by $2 bn in fiscal 2023
Vedanta Resources said on Wednesday it had brought down debt significantly, seeking to allay market concerns after S&P Global Ratings last week raised doubts about its ability to meet financial…
BBC asks staff to be prepared, cooperate with officials as I-T survey enters 2nd day
Amid an ongoing survey by the Income Tax Department, the British Broadcasting Corporation (BBC) has urged its employees to be prepared for any interrogation and cooperate with the officials. The…
Adani fiasco: Here’s how much loss French energy major Total incurred
France-based TotalEnergies has been hit by a double whammy of missing out on an investment profit of Rs 30,000 crore and losing Rs 1.55 lakh crore in market wealth in…
Adani report row: Popularity of Hindenburg, Anderson soars on Twitter
The scathing report on the Adani Group may well have made Hindenburg Research and its founder Nathan Anderson unpopular among a large section of market players, especially within the Ahmedabad-based…
Adani says no refinancing, liquidity issues in bid to calm jittery investors
India’s Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a US short-seller’s…
Air India announces world’s largest order for nearly 500 civilian aircraft
Ending months of speculation, Tata Group-owned Air India has announced the world’s largest order for passenger aircraft from France’s Airbus and US’ Boeing. The deal, totalling 470 aircraft, comprises…
Vodafone Idea Q3 results: Net loss widens to Rs 7,990 cr; ARPU improves marginally
Telecom firm Vodafone Idea’s net loss widened to Rs 7,990 crore in the quarter ended December 31, 2022 as against Rs 7,595.5 crore in the year-ago period. The company’s revenue rose…
ONGC’s Q3 net profit rises 26% to Rs 11,045 cr, firm declares interim dividend of Rs 4 per share
India’s top oil explorer Oil and Natural Gas Corporation reported a 26% rise in its third-quarter profit, helped by higher crude and gas prices. The state-run company’s profit came in…