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India’s foreign exchange reserves rose above a six-month high of $576.76 billion in the week through Jan. 27, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. This … Read More
The country’s largest lender SBI on Friday said its overall exposure to the Adani Group is at 0.88 per cent of the book or around Rs 27,000 crore. SBI chairman … Read More
India’s largest lender has not felt any credit quality concerns with exposures to Adani Group companies, according to a senior official at the bank. While Adani Group companies have seen … Read More
Goldman Sachs Group Inc. and JPMorgan Chase & Co. have told some clients that bonds related to Gautam Adani’s business empire can offer value due to the strength of certain … Read More
Stock indices closed on a high today. BSE Sensex closed 909 points higher at 60,841. NSE Nifty rose 243 points at 17,854. (Except for the headline, this story has not … Read More
French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings because … Read More
Moody’s Investors Service on Friday said it is assessing overall financial flexibility, including liquidity position, of Adani Group firms given a significant and rapid decline in stock value post release … Read More
Ratings agency Fitch said on Friday it saw no immediate impact on its ratings of Adani Group entities and their securities, following U.S. short-seller Hindenburg Research’s report last week. Hindenburg’s … Read More
The Indian services sector growth rate moderated in January as output and sales rose at softer rates, while subdued level of confidence among service providers towards future outlook appeared to … Read More
Billionaire Gautam Adani denied Friday that his rise to become Asia’s richest man — a title he has lost in a phenomenal stock rout — was due to Prime Minister … Read More