Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S. West Texas Intermediate crude finished at $62.69, a gain of 32 cents, or … Read more
The Adani Group is all set for a major expansion of its airport business that will entail an investment of nearly Rs 1 lakh crore over a period of five years, the conglomerate’s airport head Jeet Adani told the Times of India in an interview. The group currently runs seven airports in India, including Mumbai … Read more
Mumbai: ICICI Bank has challenged the proposed rights issue of Mumbai International Airport (MIAL) on the grounds that it violates prior contractual agreements and risks diluting lenders’ interests, said people with knowledge of the matter. The bank’s contention is that the rights issue will dilute the value of shares pledged against loans worth $1.25 billion … Read more
Sagility India is a fast-growing IT midcap added to Jefferies’ model portfolio by trimming exposure to Infosys. The brokerage projects 28% EPS CAGR, the highest among its peer set, driven by margin expansion, Broadpath synergies, and deleveraging. Even after a recent rally, the stock trades at 28x FY26 PE, a 20–30% discount to comparable BPM … Read more
The Adani Group is storming back into global capital markets with unstoppable momentum, having already raised over $3.2 billion in just six months and positioning itself to complete a massive $5 billion fundraising blitz by FY26, a stunning validation of its infrastructure-first strategy amid relentless scrutiny. Marquee global investors from BlackRock to Apollo and TotalEnergies … Read more
Adani Group stocks rallied up to 6% on Tuesday amid reports that the Trump administration is backing away from some cases involving foreign bribery. Adani Power was trading around 6% higher at Rs 548, while Adani Green, Adani Energy Solutions, Adani Enterprises, Adani Ports, and NDTV were up around 4–5% each, as the news is … Read more
Mumbai: The Adani Group is set to enter the estimated ₹75,000-crore wires and cables business, its proposed foray denting the stocks of incumbents Thursday, as competitive intensity increases in an industry that saw the entry of another large conglomerate a few weeks ago. Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, … Read more
Reflecting an improved credit profile, Adani Group‘s cost of capital has fallen sharply by 104 basis points to 8.18% in FY25, the conglomerate, which operates India’s largest infrastructure portfolio, has told investors. In a recent investor meeting, Adani officials said this reduction in borrowing costs comes as a result of multiple credit rating upgrades, a … Read more
Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm’s research led to significant financial losses for Indian billionaire Gautam Adani and his companies. Anderson said the closure was planned after finishing their current projects. “As I’ve shared with family, friends and our team … Read more
Sanjay Asher, Senior Partner, Crawford Bayley & Co, says there would be a legal divide between the European banks and the Middle Eastern and the Japanese banks. Having regard to the facts and circumstances, if the Japanese and the Middle Eastern banks had come to a decision to support the Adani Group, then they would … Read more