Business

S&P says Adani group's access to funding could be hampered and the conglomerate's bonds dropped sharply for second straight day on Friday

The investor wealth of $82.91 billon wiped out in Adani companies since Hindenburg report

At the interbank foreign exchange, the rupee opened at 84.48 and touched an intraday low of 84.50 against the greenback earlier in the day

With a variety of amenities, rapid industrial and infrastructure development and real estate projects tailored to the needs and budgets, the Yamuna Expressway offers lucrative opportunities for all

US stocks, too, closed higher on Thursday, with the blue-chip Dow Jones Industrial Average leading the gains

Ola electric restructuring: Ola Electric is looking to optimise workforce with an aim to improving margins and enhance profitability, said a source.

Adani Green Energy dropped 10.95 per cent and Adani Energy Solutions tumbled 8.57 per cent to hit the 52-week low of Rs 637.85 on the BSE.

On Wednesday, prosecutors in New York accused Gautam Adani, his nephew Sagar Adani and six others for allegedly offering Rs 2,029 crore (US $265 million) in bribes to Indian government officials for securing “lucrative solar

Adani Ports and Special Economic Zone debt maturing in 2027 traded at 92 cents on the dollar and longer-dated maturities around 80 cents.

In a post on X, Goyal announced the closure of applications, revealing that more than 18,000 people had applied for the post

The framework between India and Maldives would enable exporters and importers to invoice and settle in their respective domestic currencies.

Reddit said it was investigating a problem with its site.

The US dollar strengthened due to safe-haven appeal amid escalating tension between Russia and Ukraine, while the continuous outflow of foreign funds also put pressure on the domestic unit

The fresh allegations filed in the US District court, Brooklyn, are far more serious as there are documents involving conversations and other material records that show money raised from US investors was allegedly used to

The connection with the Adani group primarily pertains to an Adani Green corporate bond issuance in 2021, which involved US investors.

Gautam Adani and Sagar Adani, along with others, have been accused of offering Rs 2,029 crore in bribes to government officials to secure solar energy supply contracts

The filings said “Foreign Official #1” was a citizen of India and from approximately May 2019 through June 2024, he served as a high-ranking government official of Andhra Pradesh.

The Consumer Price Index accelerated to a 14-month high of 6.21 per cent in October, compared to 5.5 per cent in September.

The Adani group’s total debt exposure is estimated to be around Rs 2.41 lakh crore.

Indian equities were pressured by sharp declines in the shares of Adani Group's listed entities after its billionaire chairman was indicted in New York over his involvement in an alleged multibillion-dollar bribery and fraud scheme.

Adani Group companies lost a total of Rs 2.22 lakh crore in market capitalisation on Thursday.

The price falls were the biggest since February 2023 when short-seller Hindenburg Research published a negative report, questioning the group's debt levels and use of tax havens.

The country’s economy is exhibiting resilience, underpinned by festival-related consumption, and a recovering agriculture sector, the ‘State of the Economy’ article published in the RBI’s November bulletin said.

Seth also stated that the government is likely to undershoot the budget estimate of Rs 11.11 lakh crore for capital expenditure for FY25.

Price of gold of 99.5 per cent purity fell Rs 150 to Rs 77,500 per 10 grams against the previous close of Rs 77,650 per 10 grams on Tuesday.