Adani backers from New York to Tokyo dissect and limit exposure

The billionaire’s interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research’s fraud allegations last week.

from Moneycontrol Business News https://ift.tt/gKcIAst

Congress, other opposition parties seek JPC or SC-monitored probe into Adani Group crisis

Leader of Opposition in Rajya Sabha, Mallikarjun Kharge said the opposition parties also demanded that there should be day-to-day reporting of the Joint Parliament Committee (JPC) or the SC-monitored probe into the issue which concerns public money.

from Moneycontrol Business News https://ift.tt/Ow8peqG

India resilient to stock market blip, says Minister Ashwini Vaishnaw

“India has a very broad spectrum of infrastructure companies,” Ashwini Vaishnaw, the minister for tech and railways, told Bloomberg TV on Thursday. “Whatever blip is there on the stock market is not going to affect the overall economy, I am very sure of that.”

from Moneycontrol Business News https://ift.tt/PbRWwYx

Why is Gautam Adani#39;s Indian empire in turmoil?

Gautam Adani, 60, is a publicity-shy school dropout of humble origins who rose to become fabulously rich.

from Moneycontrol Business News https://ift.tt/hvVg6Ic

Citigroup wealth unit halts margin loans on Adani Securities

The US lender’s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani’s beleaguered empire becomes further engulfed in crisis.

from Moneycontrol Business News https://ift.tt/itGb4o9

Citigroup’s wealth unit halts margin loans on Adani securities

The US lender’s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani’s beleaguered empire becomes further engulfed in crisis.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/citigroup’s-wealth-unit-halts-margin-loansadani-securities_16841131.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers.

from Moneycontrol Business News https://ift.tt/2FjLS8H

Adani Group has $35 million in bond coupons due this week

Adani Ports Special Economic Zone Ltd. must pay a combined $24.7 million in interest on three bonds Thursday. Next up is Adani Transmission Ltd. with a $10 million coupon payment Friday.

from Moneycontrol Business News https://ift.tt/7McmxTS

Kia India vehicle sales grow 48% to 28,634 units in January

The growth was driven by Seltos and Sonet models, as their sales stood at 10,470 and 9,261 units, respectively, during the reported month, followed by Carens with 7,900 units and Carnival with 1,003 units sold domestically, Kia India said in a statement.

from Moneycontrol Business News https://ift.tt/cohMEA9

Toyota Kirloskar Motor vehicle sales surge 175% to 12,835 units in January

The carmaker had announced opening of bookings for its Hilux and the Innova Crysta models besides announcing the prices of the CNG variants of its Urban Cruiser Hyryder.

from Moneycontrol Business News https://ift.tt/xAf6sVG

Budget 2023: FM lauds Rs 19,700-cr Green Hydrogen Mission as part of India#39;s climate commitment

The Green Hydrogen Mission states that India will develop green hydrogen production capacity of at least 5 million tonnes (MT) per annum with an associated renewable energy capacity addition of about 125 gigawatts (GW) in the country by 2030.

from Moneycontrol Business News https://ift.tt/fW0MAwE