NEW DELHI/SYDNEY/NEW YORK, Feb 10 – Moody’s downgraded on Friday the ratings outlook for some Adani Group companies, while MSCI said it would cut the weightings of some in its stock indexes, the latest blows for the Indian conglomerate plunged into crisis by a short-seller’s report. New York-based […]
CHENNAI, July 7 – Indian tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say. India’s two richest men are vying to be at the forefront of Prime Minister […]
India’s Adani Enterprises Ltd (ADEL.NS) said on Monday that media reports about freezing of accounts of three foreign funds which had invested in the group companies were “blatantly erroneous.” The company said it had an e-mail from the “Registrar and Transfer Agent” dated 14th June saying “that the Demat Account […]
NEW DELHI/CHENNAI – Adani Green Energy’s ADNA.NS record $6 billion solar power project announced in June has no guaranteed customer, its deal with India’s main solar-adoption agency shows, and may expose the company to higher financial risk. Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since […]
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