Taiwanese multinational electronics contract manufacturer Foxconn ((Hon Hai Precision Industry Co. Ltd), known for manufacturing iPhones, will set up a manufacturing facility in Telangana’s Kongara Kalan, in Ranga Reddy district.…
Category: Companies
Adani-Hindenburg row: GQG chief Rajiv Jain explains why he put Rs 15,000 crore in Adani block deal
US boutique investment firm GQG Partners has invested Rs 15,446 crore in four Adani Group companies Adani Ports and Special Economic Zone, Adani Green Energy, Adani Enterprises Ltd and Adani…
After Hindenburg-Adani row, RBI keeps closer eye on India’s top 20 conglomerates: Report
The Reserve Bank of India is reportedly keeping a close watch on 20 of the top business houses in the country that have large borrowings from banks in order to…
Ray Dalio’s Bridgewater Associates raises new fund strategy less dependent on equities
Bridgewater Associates has raised at least $800 million in recent months for a new fund strategy, regulatory filings show, an additional offering that comes as the hedge fund manager revamps…
Ex-JPMorgan bankers start emerging market infrastructure investment firm
Two former JP Morgan credit bankers on Monday launched a new impact investment advisory firm focused on emerging market infrastructure, with a minority stake by British insurer Legal & General’s…
102% rise in average electricity cost bought from Adani Power between 2021-22, reveals Gujarat govt
The average cost of electricity purchased by the Gujarat government from Adani Power soared by 102 per cent between 2021 and 2022, reported Indian Express. In response to a query…
Adani row: ‘Does SEBI need help from investigative agencies to probe Mauritius funds holding Adani stocks,’ asks Raghuram Rajan
Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Sunday said that it is a matter of concern that markets regulator Securities and Exchange Board of India (Sebi) has…
Hindenburg-hit Adani Group has $2-bn bonds due for repayment in 2024
The Adani group has said that it has almost $2 billion worth of foreign-currency bonds repayment due in 2024. The fact surfaced during a presentation the conglomerate made to investors…
LIC met top officials of Adani Group, happy with the outcome: LIC chairman
LIC officials have met with the top management of Adani Group and are happy with the outcome of the meeting, said LIC chairperson MR Kumar on Sunday while addressing the…
‘More confident of Adani Group’s business prospects’: LIC chairman on meeting Adani management
Insurance behemoth LIC chairman MR Kumar has said that his team has met up with the Adani Group’s top management amid the whole Adani-Hindenburg issue. He said that LIC after…