The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
The overall debt servicing metrics of Indian corporates are weak.
Unseasonal rains and hailstorm are likely to disrupt supplies.
In the absence of their regular captain Rishabh Pant, DC have also been struggling in the league.
Through Manorathangal, M T Vasudevan Nair makes himself available to a whole new generation of uninitiated viewers, who can familiarise themselves with his rich body of work and hope to learn a thing or two about life in all its messy grandeur and flawed imperfections, notes Arjun Menon.
Sri Lanka's coach urged his batsmen make amends for poor form and give the bowlers something on the board to bowl in the third Test against England.
Credit rating agency Moody's Investors Services said on Monday that it had upgraded India's country ceiling for foreign currency debt to Ba1, the top of the speculative grade, from Ba2 due to a substantial improvement in the external liquidity.
Former captain and coach Anil Kumble believes having totally different squads in limited overs and Test format is the way forward for India in international cricket.
After upgrading India's foreign currency debt rating, Moody's Investor Service on Wednesday upgraded the foreign currency deposit, debt and issuer ratings for 11 Indian banks and financial institutions.
Oil and LNG prices are likely to shoot up if Iran is to block Strait of Hormuz, through which countries like India import crude oil from Saudi Arabia, Iraq and UAE, leading to a spike in inflation, analysts said on the Iran-Israel conflict. The Iran and Israel conflict has escalated over the last few days. Iran first launched drone and rocket attacks on Israel, which retaliated by firing a missile. Crude oil prices have hovered around USD 90 per barrel since the conflict.
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Companies such as Indian Oil Corporation, Tata Steel Ltd and Tata Power Company Ltd will remain highly leveraged over the next 12 months because of weak industry dynamics and resulting constraints on cash flows, it said.
'For him (Jasprit Bumrah) and Mumbai to be starved of that opportunity to try and stem the flow of this onslaught is crazy. It doesn't seem right.'
After a $110 billion rout in market value, embattled Adani group got some reprieve on Tuesday after shares of most of its listed firms rebounded on bourses and international rating agencies said there was no credit risk for lenders with exposure to the group. The group, which is in the midst of a political storm after US-based short-seller Hindenburg Research's adverse report dated January 24 triggered a meltdown in group stocks wiping out billions of dollars in market value, also had a mixed day with the quarterly results of four of its entities, particularly Adani Ports and Special Economic Zone reporting a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore for the December quarter 2022. Shares of flagship firm Adani Enterprises settled nearly 15 per cent higher at Rs 1,802.50 apiece while shares of Adani Wilmar jumped 5 per cent to end at Rs 399.40 on BSE.
"Banks are now free to set their own interest rates ... a direct consequence of this policy is that banks can, and will, offer higher interest rates to compete for savings deposits, thereby, undermining the role these deposits play as a relatively stable and low-cost funding source. We expect the move to exacerbate already increasing pressure on net interest margins and asset quality," Moody's said in its 'Weekly Credit Outlook'.
India will find it tough to meet its fiscal deficit target for the new year starting in April, given its plans to cut taxes and step up spending on infrastructure, Moody's Investors Service said.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Batters are mauling bowlers this IPL like never before, as the impact player rule effectively gives every team 12 players. Where is it taking the game?
The show takes its own pace to pick up, but then when you least expect, it grabs you by the throat, notes Aseem Chhabra.
Sunrisers Hyderabad's head coach Tom Moody attributes role clarity for the team's success.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
Mayank Agarwal, Umran Malik, Abhishek Sharma, Abdul Samad and Mayank Dagar can be seen playing volleyball.
Washington Sundar re-injured the same area while fielding against CSK on Sunday.
M&M was the biggest loser in the Sensex pack, declining nearly 3 per cent, followed by TCS, Bajaj Finance, Wipro, Kotak Bank, Tech Mahindra, HCL Tech and Tata Motors. In contrast, Titan, Bharti Airtel, ICICI Bank and L&T were among the gainers, rising up to 0.93 per cent.
Sunrisers Hyderabad coach Tom Moody has defended playing captain Kane Williamson as an opener despite the batter's ongoing run drought in IPL 2022.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
Tom Moody returns as head coach after fellow-Australian Trevor Bayliss quit following the 2021 season.
SunRisers Hyderabad speedster Umran Malik is the talk of the town for his lightning fast deliveries, and head coach Tom Moody says the young Jammu and Kashmir player has been given the license "to run in and express himself" with the ball.
Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.
The actress is her own favourite person, and we see every reason why!
Watching Aavesham is like sprinting through the whole history of our mass-masala movies and seeing it in a new light, notes Sreehari Nair. And this, incidentally, is the story of Fahadh Faasil's career too.
The windfall taxes on domestic crude oil production and fuel exports will generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody's Investors Service said Tuesday. On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil. It has also mandated exporters to meet the requirements of the domestic market first.
From reds to browns, pinks to moody purple, she has a lipstick for every outfit.
Former India coach Ravi Shastri advised Virat Kohli that he must not drop the tempo of his innings after getting a start.
'Padmini and I are very different people.' 'Our acting styles are very different. She's from a different era.'
'The matches between India and Pakistan are the biggest in the world.'
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
Under Warner, SRH lost five out of six games and he himself hasn't been in greatest of form which led to Kane Williamson being handed the reins.
