- Business
- November 29, 2024
No Negative Actions So Far By Lenders, Investors On Adani After US Indictment: Crisil
Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex)…
- Business
- November 28, 2024
Finmin Proposes To Raise FDI In Insurance To 100%
New Delhi, Nov 28 (PTI) The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the…
- Business
- November 28, 2024
NSE, BSE Will Become ‘Alternative Trading Venues’ From April 1 – SEBI Order
New Delhi: SEBI has issued important guidelines to create procedures for interoperability in the Indian stock exchanges. In its latest update on Thursday, SEBI said that going forward, NSE would act as an alternative trading venue for BSE and vice-versa. The provisions of this circular would come into effect from April 1, 2025, SEBI said. “Both exchanges would prepare a joint SOP that…
- Business
- November 28, 2024
Dr Reddy’s Launches Toripalimab In India To Treat Nasopharyngeal Cancer
New Delhi, Nov 28 (PTI) Dr Reddy’s Laboratories on Thursday said it has launched Toripalimab, a drug for the treatment of recurrent or metastatic nasopharyngeal carcinoma in India. Nasopharyngeal carcinoma (NPC) is a rare, aggressive form of head and neck cancer that originates in the nasopharynx, the upper part of the throat. The company has launched Toripalimab, a new biological entity (NBE), Dr…
- Business
- November 28, 2024
Dubai’s First Commercial Brewery Is Being Created By… – Details
DUBAI, Nov 28 (Reuters) – A Heineken joint venture plans to build the Gulf’s first major commercial brewery in Dubai, the metropolitan city where glitzy bars and restaurants attract millions of tourists each year. Sirocco, a joint venture between Heineken and Dubai state-linked Maritime Mercantile International, said it will build a brewery that will produce popular beer brands in Dubai, which has long…
- Business
- November 28, 2024
Israel Backs Adani Group; ‘We Want…’ – What Israeli Envoy Said
HYDERABAD, India, Nov 28 (Reuters) – Israel wants India’s Adani Group to continue to invest in the country, Israel’s envoy to India said on Thursday, affirming the nation’s support for the ports-to-media conglomerate whose billionaire founder is facing bribery allegations in the United States. “We wish Adani and all Indian companies continue to invest in Israel,” Ambassador Reuven Azar said in an interview…
- Business
- November 28, 2024
Ananda Krishnan Malaysian Billionaire Dies At 86
Malaysian billionaire Ananda Krishnan, whose business interests ranged from oil and gas to telecommunications, has died at the age of 86, his private investment company said. No cause of death was given. The tycoon shunned publicity but became internationally known in the mid-1980s when he helped finance the Live Aid concert organized by rock star Bob Geldof. As a young entrepreneur, he first…
- Business
- November 27, 2024
Adani-US Court Bribery Allegations: ‘I Do Not Find A Single Name…’ – Ex-AG Mukul Rohatgi
Ex-AG Rohatgi on Adani: Former Attorney General of India, Mukul Rohatgi, has weighed in on the US Department of Justice (DoJ) indictment that has sparked allegations against the Adani Group. Sharing his personal legal views, Rohatgi clarified that key charges in the indictment do not name Gautam Adani or his nephew while expressing concerns about the lack of specificity in the allegations. …
- Business
- November 26, 2024
Adani Group’s EBITDA Growth Stands At 25.5% For H1 FY25
Adani Group: After adjusting for non-recurring prior period incomes, the Adani Group’s EBITDA growth for H1 FY25 stands at a substantial 25.5 per cent. According to Adani, the trailing-twelve-month (TTM) EBITDA reached Rs 83,440 crore, marking a strong 17.1 per cent year-on-year increase. When adjusted for previous period incomes, the TTM EBITDA growth accelerates to a remarkable 34.3 per cent, highlighting the Group’s robust…
- Business
- November 26, 2024
Adani Touts Financial Muscle, Shows Can Grow Without External Debt
Billionaire Gautam Adani’s conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt. The ports-to-energy conglomerate, which has been hit by an indictment in a US court against founder chairman Adani and two other executives for allegedly bribing Indian officials to secure…
Daily Republic News
