With latest pledge, total shares in Adani Green Energy that were encumbered with SBICap was 2%; in case of Adani Transmission, this came to 1.32%.
Former RBI Governor Raghuram Rajan asks why SEBI has not yet got to bottom of ownership of four Mauritius-based funds who are said to have parked 90% of their $6.9 billion in Adani group stocks. He questions whether it needs help of investigating agencies for this.
Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4%.
Adani group has three bond issuances due for repayment in 2024, including $650 mn by Adani Ports and two of renewable energy unit Adani Green Energy Ltd.
RBI imposes penalty of over Rs 3.06 crore on Amazon Pay for non-compliance with certain provisions of Prepaid Payment Instruments and Know Your Customer direction.
NCLT gives approval for merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors; takes merger of parent with HDFC Bank a step closer.
The slowdown was primarily due to a 1.1% contraction in manufacturing, along with weaker private consumption demand and government expenditure.
Fiscal deficit touches 67.8% of full-fiscal target at end of January due to higher expenses and lower revenue realisations.
While banks are willing to continue with the sanctioned pipeline, opening the tap for new loans to the group will be difficult at this juncture.
Hindenburg Research releases report on 24 January, alleging Adani Group of engaging in “brazen stock manipulation and accounting fraud”. Here is how the events rolled out.
HDFC Bank will be paying a coupon of 5.686% for the three-year bonds. The USD denominated senior unsecured instruments will be redeemed on maturity on 2 March 2026.
The list includes Amazon Pay, Google, Reliance Payment Solutions, Zomato and Razorpay, among others; RBI considering 18 other applications, including PhonePe and BhartiPay Services.
CPI inflation remains above RBI’s upper tolerance limit of 6% since January 2022, barring the two months of November and December.
Government tells SC it wants to be allowed to provide details such as names and scope of panel’s mandate in a “sealed cover”.
Adani Ports and Special Economic Zone, Adani Transmission and Adani Green Energy pledged shares to SBICAP Trustee Co.
