Power company leads with loans of Rs 49,129 crore (Rs 491.29 billion); ports owe Rs 19,000 crore (Rs 190 billion); Australian mining project could suffer, say analysts The Adani group has ended 2015-16 with record debt and its increased finance cost could come in the way of acquisitions and an ambitious coal mining project in Australia, according to analysts. Adani Power leads the group with Rs 49,129-crore (Rs 491.29 billion) debt, followed by Adani Ports and Adani Enterprises at Rs ... Rediff.com, 2 months ago
Thirst for power? Coal plants risk water shortage - Rediff.com, 1 month ago
Acquisition of stressed infrastructure assets has pushed Adani group's debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy, says Jyoti Mukul. IMAGE: Adani chairman Gautam Adani with Prime Minister Narendra Modi. Photograph: Reuters When it comes to the infrastructure sector, companies are looking to dispose of as many assets as possible to help their balance sheets. The GMR group, which has marquee airport projects in its kitty, is selling its energy ...Rediff.com, 2 days ago
Many of India’s states are in action mode to improve their profile and create a conducive policy environment for investments. Some have, of course, failed to move with the changing times. The fifth of an 11-part series looks at the state of affairs in Jharkhand. Part 1: 'Andhra Pradesh is Gujarat of the East coast' Part 2: Maharashtra remains India's richest state Part 3: Madhya Pradesh: Quite a few scores, but many misses, too Part 4: The real story behind ...Rediff.com, 3 weeks ago
Pawan Verma contended that PSU banks are influenced to give loans to the people who are not able to repay them. Corporate houses owe about Rs 5 lakh crore to PSU banks, a JD(U) member said in Rajya Sabha on Thursday and particularly referred to the Adani Group, alleging that the company got "unimaginable" favours and its debt stands at Rs 72,000 crore (Rs 720 billion). Raising the issue during Zero Hour, Pawan Verma contended that PSU banks are influenced to give loans to the people who are not ...Rediff.com, 2 months ago
CAF Bill's fate to be decided on Monday The Congress has yet again decided to oppose the National Democratic Alliance (NDA) government’s Compensatory Afforestation (CAF) Bill, 2015, the fate of which will be decided in the Rajya Sabha on Monday. “The understanding between the government and us (the Congress) does not stand anymore after the happenings in Parliament on Thursday and Friday. We will table the amendments against the Bill in the Rajya Sabha and ask for a ...Rediff.com, 4 days ago
US and China-based companies dominate the top 10 list of world's biggest firms. Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian firms in Forbes's annual list of the world's 2,000 largest and most powerful public companies, with the US leading the list with 586 companies. The 2016 Forbes 'Global 2000’, a snapshot of the world's largest companies, shows the dominance of US and China in the current global business landscape. US and China-based companies dominate the ...Rediff.com, 2 months ago
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