The Economic Times The Economic Times

The Economic Times S&P Ratings says US allegations may renew questions on governance practices at Adani

"The allegations could renew questions over the group's governance practices and damage its reputation. We will watch for any signs of weaker funding access or concerns from existing lenders -- which could be demonstrated by the lowering of funding limits, non-renewal of facilities, or significantly higher credit spreads," S&P Ratings said in a note.

The Economic Times Adani's green plans may face a funding squeeze

Adani Group's $100 billion investment plan for renewable energy might be delayed. The US Department of Justice and Securities and Exchange Commission indicted the group and its chairman. Funding channels may tighten, impacting Adani Green Energy the most. The company relies heavily on debt and faces short-term refinancing needs.

The Economic Times Six pharma companies sign MoUs with Telangana government for Pharma City investment

According to the MoUs, MSN Laboratories will establish a manufacturing unit and an R&D center, Laurus Labs and Aurobindo Pharma will set up separate formulation units, and Gland Pharma will open an R&D center along with injectables and drug substance manufacturing units.

The Economic Times Business activity hits a 3-month high in November despite cost pressures

India's business activity rose to a three-month high in November. The HSBC Flash India Composite Purchasing Managers Index reached 59.5. This growth was driven by increased business gains and export sales. Both the manufacturing and services sectors experienced expansion. However, businesses also faced rising cost pressures, leading to increased selling charges.

The Economic Times Gujarat's GST dept finds tax evasion of Rs 3.53 cr after searches at seven firms

​​These firms were concealing actual revenues, selling without invoice and underreporting tax liability, he added. An official release said searches were conducted on November 16 at seven premises to keep a check on possible evasion of Goods and Service Tax (GST) by 'Business to Consumer (B2C)' sector entities in the state.

The Economic Times DPIIT gives nod to Hinduja Group firm IIHL for acquisition of Reliance Capital

The Department for Promotion of Industry and Internal Trade (DPIIT) has approved the Hinduja Group's acquisition of the debt-laden Reliance Capital Ltd (RCAP). The approval paves the way for the Mauritius-based IIHL to proceed with its Rs 9,861-crore resolution plan, which was approved by the National Company Law Tribunal (NCLT) Mumbai on February 27, 2024.

The Economic Times Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors

The Mumbai bench of the NCLT has directed Vedanta Ltd to convene a meeting of its creditors and shareholders within 90 days to discuss the proposed demerger. The demerger, already approved by 75% of secured creditors, aims to create independent entities for Vedanta's diverse businesses, simplifying its structure and attracting global investors.

The Economic Times Centre launches World Bank's 'jobs at your doorstep' report

Union Minister for Education Dharmendra Pradhan along with Minister of Labour and Employment Mansukh Mandaviya on Friday launched a World Bank report titled ' A Jobs Diagnostics for Young People' that covers six states in India.

The Economic Times Optimal communication is gold standard for all central bankers says RBI deputy Governor

Optimal communication is the gold standard for all central bankers, said Reserve Bank of India's Deputy Governor, Michael Debabrata Patra on Friday.

The Economic Times RBI's war against inflation is not yet over, says guv Das

RBI Governor Shaktikanta Das reaffirmed the central bank's commitment to lowering inflation to its 4% target. Das emphasized that price stability is crucial for the Global South's economic growth and that the RBI's efforts to combat inflation are ongoing, even as some officials advocate for lower rates.

The Economic Times Technip Energies plans strategic expansion in India

The group, which specialises in engineering and technology for the energy industry, plans to launch the new lab in Chennai to expand its research and development footprint, its Chief Operating Officer Loic Chapuis said at a capital markets day.

The Economic Times State Bank of India partners with Uber to launch customised vehicle loans for fleet partners

State Bank of India and Uber have partnered to offer customised vehicle loans to Uber fleet partners. The loans aim to support both new and existing partners in expanding their businesses. This collaboration leverages SBI's extensive financial network and Uber's technology. The goal is to ensure hassle-free loan disbursement and efficient financial management for fleet partners.

The Economic Times India to offer up to $5 billion in incentives to local electronics firms, wean off China

INDIA-MANUFACTURING-India to offer up to $5 billion in incentives to local electronics firms, wean off China

The Economic Times Avaada to invest ₹5,800 crore in 1200 MW pumped storage project in Rajasthan

The signing ceremony, attended by Rajasthan Chief Minister Bhajan Lal Sharma, highlights the state’s push toward sustainable energy solutions. Rajasthan currently ranks second in India with 28,617 MW of installed renewable energy capacity.

The Economic Times Sebi investigating whether Adani Group flouted disclosure rules: Report

India's market regulator, SEBI, is investigating Adani Green Energy Ltd. for potential disclosure violations regarding a US Justice Department bribery probe. The investigation centers on whether Adani Green adequately informed investors about the investigation and its scope, particularly the involvement of individuals linked to the Adani Group.

AD
AD