The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, it said in a bulletin. The agency rates Adani group's infrastructure and holding entities.
"CRISIL Ratings has taken note of these developments and their likely impact on the financial flexibility of the group, including the fall in the market capitalisation of the listed companies of the group, movement in bond yields, and calling off the $600 million bond offering of AGEL," it said.
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Kerala to crack down on govt staff availing welfare pensions
Finance department will take action to recover the full amount distributed to the ineligible people
Ready to start work for people of Wayanad: Priyanka Gandhi
AICC General Secretary Priyanka Gandhi, who on Thursday took oath as the Wayanad MP, reached here on Saturday.
239 trainees, including 29 women, graduate from Naval Academy
The Indian Naval Academy (INA), Ezhimala, hosted its Passing Out Parade (POP) today, marking the culmination of rigorous training for 239 trainees, including Midshipmen from the 107th Indian Naval Academy Course and cadets from various Naval Orientation Courses.
Jharkhand cabinet expansion: JMM suggests five-on-one formula for ministry distribution
Amid ongoing discussions about the much-anticipated cabinet expansion in Jharkhand, the Jharkhand Mukti Morcha (JMM), the largest constituent of the ruling Mahagathbandhan in the state, has proposed a \"five-on-one\" formula for distributing ministries among alliance partners.
Ajmer dargah survey demand: PUCL to move Supreme Court
The Places of Worship Act, 1991, prohibits altering the religious character of any place of worship
BSF officials seek shifting zero-line villages as HM Amit Shah calls for increased vigilance
A day after Home Minister Amit Shah called for increased vigilance along the country's eastern border to prevent infiltration, a section of senior Border Security Force (BSF) officials said that unfenced portions of the border with Bangladesh and zero-line villages are a major hindrance in effective border management.
Jute mill in Raniganj to open after 13 years
Come tomorrow and the Mangalpur Jute Mill in Raniganj will reopen after a gap of almost thirteen years.
Potato traders threaten strike
Under pressure from the state government, potato traders today threatened to go on an indefinite strike from Monday if the state government does not withdraw the freeze imposed on potato exports and initiate an immediate meeting to resolve the crisis.
CPI voices concern over communal violence against Hindus in Bangladesh
Terming the attacks as violations of secular principles, equality, and justice, the CPI warned that such actions pose a significant threat to the communal harmony that underpins Bangladesh's diverse society.
Centre releases â¹1,400 crore fund to West Bengal under PMAY
LOP Suvendu Adhikari claimed that Trinamul's panchayat chief at Beldanga in Murshidabad district was allotted 17 houses under the scheme
