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About 11 results for "adani power rsquo"

Debt hurdle for Adani's buying spree
Rediff.com

Debt hurdle for Adani's buying spree

  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, 1 week ago
Rediff.com

Higher coal cess to hurt power, metal producers

Budget proposals ‘Clean Energy Cess’ levied on coal, lignite and has been renamed as as ‘Clean Environment Cess’ and its rate has been increased from Rs 200 per tonne to Rs 400 per tonne. The increased cess on coal will hike coal fired generation costs by 15 paise per unit and reduce the difference between cost of renewable power generation and thermal power generation further making solar power competitive. It will create an additional income of around Rs 25,000 crore ...
 Rediff.com2 months ago

'Corporate houses owe Rs 5 lakh cr to banks, Adani gets big favours'

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.com2 weeks ago
Rediff.com

Why India has failed miserably in maritime trade

Colombo can handle more container traffic than all of India’s ports put together. For a country with a long maritime tradition, this is a pathetic state of affairs, saya T N Ninan. Narendra Modi has just inaugurated a National Maritime Summit, perhaps the country’s first. Using the occasion, he has announced ambitious goals in terms of capacities, investment and jobs, all of which may or may not be realised. The important thing though is that it has brought into focus a long ...
 Rediff.com1 month ago
Rediff.com

Panama leaks have taught the Indian rich a lesson

'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.' Rashme Sehgal reports. Wealthy Indians have received a hard knock with the exposure of 4.8 million emails, three million database files and 2.1 million PDFs covering financial transactions spanning a 40-year period of the Panamanian law firm Mossack Fonseca. They have realised that even the most secretive ...
 Rediff.com1 month ago
Rediff.com

Amitabh, Aishwarya among 500 Indians named in tax leak from Panama law firm

A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth. IMAGE: The documents reveal Amitabh and his daughter-in-law Aishwarya Rai's names.  Last year it was the Swiss leaks on black money, and now come the Panama leaks. A massive leak of 11.5 million tax documents has exposed the secret offshore dealings of world leaders, businessmen, sportspersons and celebrities, including Pakistan Prime Minister Nawaz Sharif, football player ...
 Rediff.com1 month ago
Rediff.com

RIL, Tata Steel, Adani to gain from investment allowance rejig

This amendment is proposed to be made retrospectively effective from FY16 onwards.    Reliance Industries, Tata Steel and the Adani group will be the biggest beneficiaries of the 15 per cent investment allowance which comes into effect with retrospective effect from April 1, 2015.  The Income Tax Act specifies that manufacturing companies can avail of the allowance on investments made in new assets exceeding Rs 25 crore (Rs 250 million) so long as their acquisition and ...
 Rediff.com2 months ago
Rediff.com

Markets settle at CY 2016 high; Fed outcome, April expiry eyed

  Sensex and Nifty finished the session at 2016 closing high on sustained buying interest amid rise in crude oil prices and appreciating rupee. Meanwhile, investors are keenly awaiting policy decision from the US Federal Reserve later today and the expiry of April derivative contracts on Thursday. The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points to close at 7,980. Chandan Taparia, Derivative Analyst at Anand Rathi says “Nifty levels is ...
 Rediff.com3 weeks ago
Rediff.com

Markets end in red dragged by heavyweights; HDFC dips 3%

Benchmark shares indices ended lower on Thursday as investors booked profits ahead of the fourth quarter earnings dragged by index heavyweights with HDFC declining the most. The S&P BSE Sensex ended down 215 points at 24,685 and the Nifty50 settled 68 points lower at 7,546. In the broader market, the BSE Midcap and Smallcap indices ended with marginal losses. Market breadth ended weak with 1337 losers and 1148 gainers on the BSE. "Profit booking is seen at higher levels and foreign ...
 Rediff.com1 month ago
Rediff.com

Markets end flat amid consolidation; Metals outshine

  After witnessing sharp decline in the previous session markets end flat amid consolidation with metal shares gaining the most. Meanwhile, investors are keenly awaiting fourth quarter earnings slated to be commence next week. On Tuesday, indices slumped over 2% as weak global cues took precedence over Reserve Bank of India’s rate cut by 25 bps which was in line with economists’ expectations. “With the government having delivered a fiscally prudent FY17 budget, it was ...
 Rediff.com1 month ago
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