Adani reports sufficient cash after rout sparked by US charges
The Straits Times|November 26, 2024
India's Adani Group said it has enough cash to service debt obligations, as it sought to reassure creditors after a US bribery indictment against founder Gautam Adani triggered a sell-off in the conglomerate's stocks and bonds.

Cash balances exceed long-term debt repayments for the next 28 months, while portfolio-level cash balances were at US$6.33 billion (S$8.53 billion), the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released on Nov 25.

The group has a strong asset base of US$66 billion built over three decades, according to the report. Adani said its gross assets to net debt ratio improved to 2.7 in the first half from 2.63 previously.

هذه القصة مأخوذة من طبعة November 26, 2024 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 26, 2024 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE STRAITS TIMES مشاهدة الكل
South Korea's defence ministry denies preferential treatment for BTS' V
The Straits Times

South Korea's defence ministry denies preferential treatment for BTS' V

South Korea's Ministry of National Defence has refuted claims that V, a member of K-pop boy band BTS, received preferential treatment while serving in the military.

time-read
2 mins  |
November 26, 2024
K-actor Jung Woo-sung admits to fathering model Moon Ga-bi's child
The Straits Times

K-actor Jung Woo-sung admits to fathering model Moon Ga-bi's child

South Korean actor Jung Woo-sung, 51, admitted on Nov 24 that he is the father of South Korean model Moon Ga-bi's child.

time-read
2 mins  |
November 26, 2024
The Straits Times

Chuck Woolery was the first host of Wheel Of Fortune

Chuck Woolery (right), the affable host of Love Connection, Wheel Of Fortune and other television game shows in the United States, who later criticized liberal values and the US Democratic Party as the co-host of a popular right-wing podcast, died on Nov 23 at his home in Texas. He was 83.

time-read
1 min  |
November 26, 2024
Sole Singaporean contestant Yang Yan eliminated
The Straits Times

Sole Singaporean contestant Yang Yan eliminated

Idol survival reality show Starlight Boys

time-read
2 mins  |
November 26, 2024
Spotlight on two female-directed movies in India
The Straits Times

Spotlight on two female-directed movies in India

Laapataa Ladies and All We Imagine As Light might have a shot at winning Academy Awards, a rare prospect for the country

time-read
3 mins  |
November 26, 2024
For diamond shoppers, yet another choice to make – natural or man-made?
The Straits Times

For diamond shoppers, yet another choice to make – natural or man-made?

With Thanksgiving marking the unofficial start of engagement season - late November through Valentine's Day is when marriage proposals are common - ring buying is top of mind for many couples considering marriage.

time-read
3 mins  |
November 26, 2024
Culture and cuisine in Hanoi
The Straits Times

Culture and cuisine in Hanoi

Visit the Vietnamese capital's Opera House and sample offerings from Michelin-starred chefs in Senses of Capella

time-read
5 mins  |
November 26, 2024
BUDGET TIPS FOR FAMILY TRIPS
The Straits Times

BUDGET TIPS FOR FAMILY TRIPS

Going abroad? Here are five money-saving hacks for the holidays with your nearest and dearest

time-read
6 mins  |
November 26, 2024
How the late Arthur Frommer inspired travellers to 'just do it'
The Straits Times

How the late Arthur Frommer inspired travellers to 'just do it'

In the 1980s, when I planned my first trip to Europe, I cannot remember which Frommer's travel guidebook I took along.

time-read
3 mins  |
November 26, 2024
Tension, pressure, nerve, genius: At the chess c'ship, the wait is worth it
The Straits Times

Tension, pressure, nerve, genius: At the chess c'ship, the wait is worth it

For all the flow of action, all sport involves varied acts of waiting. We wait for the goal in football, the shooter to fire between heartbeats, a snarling Rafael Nadal to uppercut the air in delight.

time-read
3 mins  |
November 26, 2024