Last week, S&P cut the credit outlook on five Adani companies, including Adani Ports and Special Economic Zone Ltd (APSEZ), to negative, following the indictment by the US authorities.
The adverse rating action could hurt the conglomerate's ability to raise fresh funding, and also increase its cost of capital.
Adani stocks fell sharply after the rating actions, with Adani Green Energy, which is at the centre of the alleged $250 million scheme to bribe Indian state government officials to secure power supply contracts, declining the most, by 7.3%, on Tuesday. The Adani Group has strongly denied the US allegations, calling them "baseless" and reaffirming its commitment to maintaining the highest standards of governance and compliance.
هذه القصة مأخوذة من طبعة November 27, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 27, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
RIL signs MoU with Maharashtra to invest over 3L-cr across sectors
Reliance Industries Limited (RIL) on Wednesday announced it had signed a memorandum of understanding (MoU) to invest ₹3,05,000 crore in Maharashtra across sectors such as new energy, retail, hospitality, green power and high-tech manufacturing.
Fund for farm produce buffer may get marginal hike
The budgetary allocation for the Price Stabilization Fund (PSF), established to build buffer stocks of farm produce and check sudden rises in food prices, may see a marginal increase in the upcoming budget for FY26.
In Donald Trump's DC, Quad vows cooperation, with an eye on China
In its first foreign policy engagement, the Donald Trump administration hosted a meeting of Quad foreign ministers where the United States, Japan, India and Australia committed to strengthening \"maritime, economy and technology security in the face of increasing threats\", expressed their goal of a \"free and open Indo-Pacific\", and agreed to \"think bigger, deepen agenda and intensify cooperation\".
BJP Will Win Delhi With 2/3rd Majority, Says Anurag Thakur
Former Union minister Anurag Thakur on Wednesday claimed that the Bharatiya Janata Party (BJP) will secure a two-thirds majority in the upcoming Delhi assembly election, alleging that voters have seen through the \"excuse-maker and anti-woman\" stance of the Aam Aadmi Party (AAP).
Winter storm hits US Gulf coast, impacts 31mn people
A major winter storm that slammed Texas and blanketed the northern Gulf Coast with record-breaking snow moved east on Wednesday, spreading heavy snow, sleet and freezing rain across parts of the Florida Panhandle, Georgia and eastern Carolinas.
Course correction as stars descend on Ranji Trophy
The stars would once take every possible opportunity to go work on their game on the domestic scene but what was once a common practice has now become a rare occurrence.
Early-bird results signal a worrying Dec quarter
A worrying trend is emerging for India Inc. as the third-quarter results trickle in.
Rubio To Do Away With Climate, 'Cultural' Issues At U.S. State Dept
New US Secretary of State Marco Rubio said on Wednesday he will rid the State Department of work on climate and \"cultural\" issues, saying President Donald Trump would emphasize the \"basics of diplomacy\".
Navy's Tableau at R-Day to Depict Indigenisation Push
The Indian Navy's tableau at the upcoming Republic Day parade will feature the three recently commissioned combat platforms, two warships and a submarine, putting the spotlight on the navy's fast-paced indigenisation and the country's growing shipbuilding prowess, officials aware of the matter said on Wednesday.
Hurting culture with litigation
Art comes under attack as a Delhi court orders seizure of two MF Husain paintings
