Fitch Ratings said on Friday that there is no immediate impact on the Fitch-rated Adani entities and their securities, and that it expects no material changes to its forecast cash…
Category: Companies
Gautam Adani not even among top 20 billionaires in the world after stock crash
Adani Group chairman Gautam Adani has lost around half of his personal fortune due to the ongoing rout in the value of Adani Group stocks on Dalal Street. At present,…
Bangladesh seeks revision of power purchase agreement with Adani Group
Bangladesh has reportedly sought a revision of the 2017 power purchase agreement with Adani Power Ltd since the electricity pricing appeared too expensive. An official from the Bangladesh Power Development…
‘I’m very bullish on India’: Apple CEO Tim Cook
From 2007, when the first iPhone wasn’t even launched in the country, to the first global launch and availability phase, India has emerged as a key strategic market for Apple.…
They did a wonderful thing by withdrawing FPO: Gautam Adani’s former lawyer Harish Salve
Ports-to-energy conglomerate Adani Group Chairman Gautam Adani’s former lawyer and ex-Solicitor General of India Harish Salve said that the beleaguered tycoon’s decision to withdraw the Rs 20,000 crore follow-on public…
Ford posts lower profit, issues downbeat outlook; shares drop
Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this…
Qualcomm sees earnings below Street as smartphone market sags
Qualcomm Inc forecast second-quarter revenue and profit below Wall Street estimates on Thursday as the chipmaker grapples with the combined toll of weak demand for smartphones and a supply glut,…
Alphabet disappoints on sales as ad business slips after pandemic run-up
Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street expectations as Google’s advertising clients pulled back spending from a period of pandemic-led excess. Executives of the…
Adani firms made scheduled US bond payments, to release credit report Friday: Report
Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, a bondholder and a source with direct knowledge of the Indian conglomerate’s strategy told Reuters. The…
Jo Johnson, former UK PM Boris Johnson’s brother, resigns as director of UK firm with Adani ties
Lord Jo Johnson, the former Conservative minister and brother of former UK prime minister Boris Johnson, has resigned as a director of a London-based firm with ties to the embattled…