Richest Indian Gautam Adani's group, which has grown on acquisitions, has fairly solid fundamentals but debt-funded future acquisitions can start putting pressure on ratings, S&P Global Ratings said on Thursday. Starting out as a commodities trader in 1988, the Adani group has diversified from mines, ports and power plants into airports, data centres and defence. It recently forayed into the cement sector with a $10.5 billion acquisition of Holcim's India units and is also looking to set up an aluminium factory. Most of this expansion has been funded by debt.
The Central Bureau of Investigation on Wednesday quizzed YSR Congress chief YS Jaganmohan Reddy in an alleged disproportionate assets case for the fourth day and questioned Congress Member of Legislative Assembly Dwarampudi Chandrasekhara Reddy in the same case for the second day.
In another example of the growing focus on security in the telecom sector, the Foreign Investment Promotion Board has asked whether US-based Verizon Wireless operates in Pakistan, while deferring its proposal for transfer of equity shares.
Taking note of the concern by petitioners Karmanya Singh Sareen and Shreya Sethi, the high court wished to examine the issue and asked the concerned authorities to file their reply by September 14.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
The Dabhol power plant has seen power generation plunge in recent days on account of dwindling gas supplies.
Reader Madhava K spotted Indian badminton ace Saina Nehwal at Copenhagen airport.
Spirit Air Private Ltd, a Lucknow based private air-taxi service provider, entered into an agreement with DTDS Travel and Tour Planner Pvt Ltd, to begin its service on Airport Authority of India's controlled airports such as Ranchi, Gaya and Patna.
Cloud on whether CPRL is a subsidiary of McDonald's India or a 50-50 venture.
The now-scrapped Delhi Excise Policy 2021-22 was brought in by the Aam Aadmi Party leadership, specifically former excise minister Manish Sisodia, to 'continuously generate and channel illegal funds' to themselves, the Enforcement Directorate said in its latest chargesheet in this money laundering case.
Vishvapradhan Commercial Private Ltd, a little-known entity through which the Adani Group has launched a hostile bid for NDTV Ltd, had an annual turnover of just Rs 60,000 few years back but it gave Rs 400 crore of interest-free loans to the broadcaster in 2009, as per Sebi orders.
Just don't be surprised if you find yourself staring at the replays as much as playing the game.
The foreign investment proposal by Italian jewellery brand Damiani to set up a 51:49 joint venture with Mehta's Pvt Ltd also got the government's approval, sources said.
It's already a home to automobile majors like Toyota, Volvo, Tata Motors and Mahindra Reva.
The passionate superstar turned biker recently added this magnificent cruiser to his glorious collection.
The panel would be chaired by T V Mohandas Pai, formerly a senior executive at IT giant Infosys and currently Chairman of Manipal Global Education Services Pvt Ltd, Sebi has said.
In an online chat with readers Soumya Banerjee, CEO, Attano Media and Education Pvt Ltd, an interactive educational eBook store and Navin C Joshi, CEO, ENTRANCEi, a leading education services provider addressed queries on how to crack the medical entrance test for undergraduate programmes in India.
Information acquired Right to Information activist Mahendra Yadav, has revealed that JAS Infrastructure Capital Pvt Ltd, one of the five companies against whom the Central Bureau of Investigation had registered first information reports, had acquired the coal blocks without signing a revised Memorandum of Understanding.
Markets regulator Sebi has empanelled as many as 16 entities -- including BDO India, Ernst & Young and Deloitte Touche Tohmatsu India -- for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds. The other empanelled entities are -- Chaturvedi & Co, Chokshi & Chokshi LLP, Grant Thornton Bharat LLP, Haribhakti & Co. LLP, KPMG Assurance And Consulting Services LLP, Mukund M Chitale & Co and Protiviti India Member Pvt Ltd, according to a public notice. In addition, Rajvanshi & Associates, Ravi Rajan & Co LLP, SKVM & Company, Suresh K Jha & Co, T R Chadha & Co LLP and V Singhi & Associates have been selected to conduct the forensic audits, it added.
These centres will undertake stem cell clinical research procedures relating to diabetes, cancer, cardiovascular disease, and neurological ischemia.
With films like Honeymoon Travels Pvt Ltd, Zindagi Na Milegi Dobara and, more recently, Talaash to her credit, Reema Kagti is fast emerging as a formidable force in Bollywood. Nishi Tiwari glances at the talented writer-director's cinema-crazed world.
Amazon on Wednesday filed a writ petition in the Delhi high court seeking clarifications on the scope of Enforcement Directorate's (ED) investigations into alleged foreign exchange violations by the company, according to sources. Last month, Amazon had said it was in receipt of summons by the ED in connection with its deal with the Future Group. According to sources, Amazon in its filing said the ED is expanding the scope of its investigations by seeking privileged and confidential legal advice it received in ordinary course of business since it started marketplace operations and that such requests aren't related to the agency's probe into the Future-Amazon deal.
Torrent Pharmaceuticals' Rs 3,000 crore proposal for increasing FII investment limit to 35 per cent was the biggest in terms of value
Stories of rural India, campus capers, realistic family dramas and urban romance that are no longer picked up by film-makers, find their way to the Web, and the viewing experience is richer for the variety available.
The latest game in the Grand Theft Auto series is here and it will blow your mind says Murali Venukumar.
Nirma Ltd informed the Bombay Stock Exchange that it would purchase Searles Valley Minerals Operations and Searles Valley Minerals Inc (collectively known as SVM) from US-based private investment firm Sun Capital Partners Inc and other minority shareholders. HSBC Securities and Capital Markets (India) Pvt Ltd advised Nirma on the acquisition of the natural soda ash manufacturer, while J P Morgan Securities Inc was advisor to SVM.
Raya Dairy plans to expand into allied segments but securing a bigger share in the dairy space remains a challenge.
At $14 a share, MakeMyTrip would be valued at $478 million (Rs 2,236 crore), or five times recent sales.
Top shuttlers, including Olympic champion Carolina Marin of Spain and Rio silver medallists P V Sindhu, will be for grabs when the high-profile Players' Auction for the lucrative Premier Badminton League (PBL) gets underway in New Delhi on Wednesday. Besides Marin and Sindhu, Olympic bronze winner Viktor Axelsen of Denmark will be among the 16 Olympic medallists who have confirmed their participation at the second edition of the event to be held from January 1 to 14.
Floodwaters of the overflowing Yamuna reached the entrance of the Supreme Court in Central Delhi on Friday as the regulator of the Delhi irrigation and flood control department at Indraprastha suffered damage on Thursday evening.
A vacation bench of Justices NJ Jamadar and Sharmila Deshmukh passed the decision on Wednesday while hearing a petition filed by the company challenging two orders of the state government.
Reliance Industries Holdings will now directly own stakes in Reliance Ports & Terminals, Reliance Gas and Transportation and Reliance Utilities and Power.
Hutchinson Max Telecom Pvt Ltd is planning to consolidate its various telecom operations in India under a single entity, including that of Hutchison Essar Telecom Ltd and Fascel Ltd, for which the company has filed an application with FIPB.
In another instance of Indian tax authorities adopting a hard-nosed stance to prevent abuse of tax avoidance treaties, the revenue department recently opposed a proposal of a Cyprus-based company to increase its stake in an Indian telecom services company from 40 per cent to nearly 74 per cent.
An analyses of the trends that will influence the demand for Indian workforce in the world economy.
An analyses of the trends that will influence the demand for Indian workforce in the world economy.
The Supreme Court on Friday set aside NCLAT order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group.
Some say they saw it coming, with the earlier Team India performance, cricket fatigue
SC directs CBI to take action over extra spectrum allocation during NDA rule.
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