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, 1 month 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, 1 month ago
Around 7 billion units of coal power valued at Rs 2,400 crore lost due to drought, says Greenpeace report. The water scarcity crippling large parts of India has already cost coal power companies nearly seven billion units in lost electricity generation, with an estimated revenue loss of Rs 2,400 crore (Rs 24 billion) in the first five months of 2016, says Greenpeace India, the ecology group. In a report issued on Thursday, it said water shortages had led to coal-power plant ...Rediff.com, 2 months ago
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points. Domestic equities failed to sustain the positive momentum on F&O expiry day as fag-end selling pulled down the benchmark Sensex by over 224 points, the worst single-day fall in more than two weeks, amid growing US rate hike concerns ahead of Fed Chair Janet Yellen's speech. The initial range-bound momentum driven by short-covering in view of August derivative expiry led to key ...Rediff.com, 4 days ago
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16 Indian economy has gone through a roller-coaster ride since the country’s Independence. In 1947, India was an open economy but by the mid-1950s, big business was a bad word and soon the government placed regulatory limits on growth of big firms. Public sector firms were at the centre of the economy. Economic policy came a full circle in 1991, as P V Narasimha Rao government unleashed reforms and liberalised the ...Rediff.com, 1 week 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, 1 month ago
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