The Adani Group showcased its strong financial performance to investors. The conglomerate highlighted its growing profits and cash reserves. It stated its ability to fund expansion internally. The group emphasized reduced reliance on external debt. It presented a healthy cash flow to cover debt obligations. The Adani Group reassured investors about its financial stability.
Posts in category Economic Times
Adani bonds slide to year low as investors weigh bribery allegations (25-11-2024)
Adani Group’s dollar bond prices dropped to their lowest point in a year. This decline followed allegations of bribery and fraud from US authorities. The charges involved payments made to Indian government officials. These payments aimed to secure contracts and advance the development of a solar power project.
Cochin Shipyard shares in focus on signing MoU with Seatrium Letourneau USA (25-11-2024)
Cochin Shipyard has signed a Memorandum of Understanding (MoU) with Seatrium Letourneau USA for the design and critical equipment of jack-up rigs for the Indian market. Leveraging Cochin Shipyard’s shipbuilding expertise and SLET’s technical capabilities, the partnership aims to seize opportunities for Mobile Offshore Drilling Units (MODUs) tailored to meet India’s growing demands in the energy sector.
Zee Entertainment shares in focus after CEO withdraws consent for reappointment (25-11-2024)
Shares of Zee Entertainment are expected to stay in focus on Monday after the company’s former Managing Director and CEO, Puneet Goenka, withdrew his reappointment to the post. According to a filing.