CATEGORIES

Adani row may test resilience of project exports from India

The Kenyan government's decision to scrap multi-million-dollar airport expansion and energy deals with the Adani group, following bribery allegations by the US, could test the resilience of India's fledgling project exports market.

Legal experts differ on settlement route for group

The charges on Gautam Adani and other executives of the Adani group by the US Department of Justice (DOJ) can be appealed and other legal recourse like settlement route can be explored, but settlement comes with a cost, say legal experts.

SECI, NTPC top power contractors for AGEL

Adani Green Energy (AGEL), which has been caught in the midst of corruption charges by a US district court, has an operational capacity of 11 giga Watts (Gw).

Global lenders may freeze fresh credit to Adani firms, await govt reaction

Some global banks are considering temporarily halting fresh credit to the Adani group but staying put with existing loans following US prosecutors' charges of its billionaire founder Gautam Adani for fraud, sources said.

S&P revises outlook on 3 Adani firms to 'negative'

Rating agency S&P Global on Friday revised its outlook on three Adani Group entities to 'negative', a day after the news that US justice department has levelled corruption charges against Gautam Adani and seven others broke out.

Adani firms' debt to equity ratio at 15-yr low in H1FY25

In post-Covid period, their net worth has grown at a faster clip than borrowing

Trai may not extend message traceability deadline

The Telecom Regulatory Authority of India (Trai) is not expected to extend the November 30 deadline for the traceability of commercial messages, officials said, asserting that more than 13,000 businesses have registered their chain with telecom operators.

PVR Inox to have 2K screens by '26, eyes Tier-II,-III cities for expansion

PVR Inox, India's largest film exhibitor, will have 2,000 screens by the year 2026 with more focus on expansion in the southern market's Tier II and III cities.

Sony bags Asian Cricket Council media rights till 2031 for $170 mn

The Asian Cricket Council (ACC) on Friday announced that Sony Pictures Networks India (SPNI), a part of Japan's Sony Group Corporation, had bagged the media rights for all ACC tournaments from 2024 to 2031.

Electronics firms may get $5 bn manufacturing incentives

The government will offer up to $5 billion in incentives to local electronics companies to make components for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.

PAG to buy Manjushree Technopack for $1 bn

Advent-owned firm had filed for IPO, which will be withdrawn

India remains fertile ground for China smartphone majors

Big chunk of sales comes from the country despite legal troubles

Eyeing level playing field to cater to nation's aspirations

PRIYANK KHARGE, Karnataka minister for information technology, biotechnology, and rural development and panchayat raj, tells Peerzada Abrar in Bengaluru the state should get its share of opportunities because it is a hub for information-technology (IT) services exports, technology companies, and startups. Edited excerpts:

Binny Bansal steps down from PhonePe board

About 10 months after stepping down from the Flipkart board, its co-founder Binny Bansal on Friday exited from the board of PhonePe, a payments company incubated by the e-commerce giant.

BMW India to hike prices by 3% from Jan

Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3 per cent from January next year.

Auto Inc gets more time to meet new safety norms

The rules for electric construction equipment were mandated to come into effect from October 1

MSIL looks beyond top 10 markets to boost CNG car sales

90% of firm's sales in the category comes from 10 states

India's defence MRO sector set to take off over 5 years

India's defence maintenance, repair, and overhaul (MRO) sector is poised for transformative expansion over the next five years, as global aerospace giants and domestic players collaborate to establish world-class facilities.

Sebi for autonomy of clearing corporations from exchanges

The Securities and Exchange Board of India (Sebi) on Friday proposed disinvestment or diversification in the ownership of clearing corporations (CCs), which are currently 100 per cent owned by stock exchanges.

Adani debt: Banks start assessing risk

Risk-management units of lending institutions have begun to assess implications of the bribery charges against Adani group Chairman Gautam Adani and other senior officials brought by authorities in the United States.

Sebi asks exchanges to look into disclosure concerns on Adani

The Securities and Exchange Board of India (Sebi) has directed exchanges to look into the disclosure-related concerns on the Adani group entities as part of its \"regular surveillance mechanism,\" sources said.

Markets bounce back sharply on bargain hunting

Benchmarks register third-best day of this year

Markets dip amid selloff in Adani group stocks

Conglomerate's combined market capitalisation falls by 2.2 trillion

Nifty 50 may hit 27K by 2025-end: Goldman Sachs

Conglomerate's combined market capitalisation falls by ₹2.2 trillion

°GST on health insurance needs to be reduced,

IFFCO Tokio General Insurance Company Limited (IFFCO Tokio) has sent its suggestions to the government, seekingto reduce goods and se Nices tax (GST) rates on health insurance premiums to 5 per cent from the existing18 per cent, said the f Irm's Managing Director and Chief Executive 0ff\cer (MD and CEO) SUBRATA MONDAL in an inte Niew with Harsh Kumar in Gurugram. Mondal discussed the future plan of insurance companies alongwith emerging challenges forthe sector. Edited excerpts:

Draft guidelines to upgrade 1,000 ITIs in the works

Talks with stakeholders for proposed scheme completed

Adani Green abandons $600 mn bond offering

Adani Green Energy on Thursday announced it has decided not to proceed with the proposed USD-denominated bond offering, hours after US prosecutors charged Gautam Adani, his nephew and six others over allegations of bribery.

Corporate irregularities can impact economy at large: Justice Kumar

Financial misconduct and corporate irregularities can impact the economy at large and come at the expense of shareholders and banks, cautioned Justice PS Dinesh Kumar, presiding officer of the Securities Appellate Tribunal (SAT), on Thursday.

Quant MF's big Adani bet may have sense of deja vu

Quant mutual fund (MF) may have taken the biggest hit among fund houses from the slump in Adani group shares on Thursday.

US charges: Legal experts see no knee-jerk response from Sebi

The Securities and Exchange Board of India (Sebi) may not be in haste to take any action on the charges levelled by the US prosecutors on Adani group executives, according to legal experts.