With the group’s attention focused on paying off its existing loans to retain financial credibility, funding ambitious new projects must take a back seat until finances stabilises.
If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.
NEW DELHI (Reuters) -India's Adani group shares sank on Thursday after market turmoil forced the conglomerate to axe a crucial $2.5 billion stock offer, deepening its market losses to more than $100
Trigger could be news that Credit Suisse won't accept Adani bonds as collateral for loans. Gautam Adani says not ‘morally correct’ to continue with FPO amid stock price volatility.
Cracking the code of how Hindenburg made the trade could lead to more short sellers taking positions against Indian companies, which has been rare, according to analysts.
Adani Group withdrew $2.5 billion share sale Wednesday. His companies have lost $100 billion in the stock market as investors bailed out on the tycoon.
For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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