Adani Group to cut capital spending plans after halting $2.5 billion FPO: Report

As per reports, the group may put up increased collateral to lenders in form of stock pledges and trim its capex plans for some businesses

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Adani Group plans to trim its capital spending plans: Report

While providing more collateral in the form of stock pledges to lenders, the group may moderate its capex plans in some of its businesses, the newspaper reported.

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Filmmakers should be conscious of public sentiment, says Yogi Adityanath

Uttar Pradesh has formulated a film policy and many movies are being shot in the state, compared to earlier, the CM says

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Budget 2023: I think 50% taxpayers will opt for the new income tax regime, says Nirmala Sitharaman

The finance minister is of the opinion that with more money in taxpayers hands under the new I-T regime, they would be the best judge to decide their own choice for investment.

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Quess Corp Q3 consolidated PAT down 3.25% at Rs 85.63 crore

The company’s PAT stood at Rs 88.51 crore during the corresponding period of 2021-22, Quess Corp said in a regulatory filing. Revenue from operations of the company grew by 21.18 per cent during the quarter under review to Rs 4,465.55 crore compared to Rs 3,684.98 crore in the same period of the last financial year.

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Centre raises windfall gains tax on crude, diesel and ATF. All you need to know

Special Additional Excise Duty on crude will now be Rs 5,050 per tonne, while on diesel it is Rs 7.5 per litre

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IHG to double hotel portfolio in India as revenue returns to pre-Covid level

The hospitality company is betting big on the Indian market due to the fast recovery seen post-Covid in the country and because of the strong travel demand.

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Boris Johnson’s brother Jo resigns as director of Adani-linked firm

Jo Johnson resigned from the role this week, according to a regulatory filing. He was appointed in June 2022.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/boris-johnson’s-brother-jo-resigns-as-directoradani-linked-firm_16845201.html

Govt on Adani: Nothing to do with group’s issues, says minister

"The government has nothing to do with Adani matters," Pralhad Joshi told reporters.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/govtadani-nothing-to-dogroup’s-issues-says-minister_16844671.html

Hyderabad gears up for India#39;s first Formula-E Prix ; Anand Mahindra urges fans to cheer his team

Mahindra and Mahindra#39;s Formula E racing team , called Mahindra Racing will be competing for the first time on home ground, Anand Mahindra shared his excitement about the same and urged India to give a #39;billion cheers#39; to his team.

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

A round-up of the biggest articles from newspapers

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