Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
The country’s electricity generation has further increased, according to the UNB report, which set a new record on Tuesday reaching 15,626 MW of output at 9:00 p.m. According to a statement by the Power Division, the country on Monday set a new record by surpassing the previous generation of 15,604 MW at 9:00 pm. Officials […]
A spokesperson for the Adani group said via e-mail that it has investments in a number of sectors, including power, food processing and food products. The group made maximum investments in the fast-moving consumer goods (FMCG) and power sectors. Adani Ports and Special Economic Zone is assessing the issue of investment and is in agreement […]
Hindenburg’s allegations made headlines around the world, but many Indian media outlets ignored or dismissed them, or condemned the authors. Many echoed the Adani Group’s claim that the Hindenburg Report was a deliberate “attack on India”, with one television panelist describing it as an act of “financial terrorism” against the country. The group’s founder has […]
Led by billionaire Gautam Adani, the Adani Group’s seven listed companies have together lost nearly $120 billion in market value since the critical Hindenburg report that included allegations of stock manipulation and improper use of offshore tax havens, Adani The group has denied the allegations. Earlier on Monday, India’s Adani Group sought to reassure investors, […]
India’s Adani Group has cut its revenue growth target by half and plans to reduce new capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have lost more than $100 billion in market value since January 24, when US short seller Hindenburg Research accused the group of stock manipulation and […]
PDB enters into power purchase agreements with authorized power plants. The deals do not specify a price per unit of electricity, but include a formula for determining the plants’ capacity payments. And the plants have varying operating and fuel costs when generating electricity. The plants themselves buy the fuel, but the PDB pays the price […]
India’s Adani Group plans to scale down its capital expenditure plans, newspaper Mint reported on Monday, citing people close to the development, after the group’s flagship firm closed a $2.5 billion share sale. The newspaper reported that the group may moderate its capex plans in some of its businesses, while providing more collateral in the […]
Minister of State for Power, Energy and Mineral Resources Nasrul Hamid said on Sunday that under the agreement with India’s Adani Power, power will reach Bangladesh in the first week of March. “There is no concern about Adani’s power import and the discussion on Adani’s power is baseless,” he told reporters at his ministry’s conference […]
“Contagion concerns are growing, but still limited to the banking sector,” Charu Chanana, a market strategist at Saxo Markets in Singapore, said on Friday. The Reserve Bank of India said that the country’s banking system remains resilient and stable. State Bank of India said it was not concerned about the risk exposure to the Adani […]
“Contagion concerns are growing, but still limited to the banking sector,” Charu Chanana, a market strategist at Saxo Markets in Singapore, said on Friday. The Reserve Bank of India said that the country’s banking system remains resilient and stable. State Bank of India said it was not concerned about the risk exposure to the Adani […]
The move would require lenders to issue some shares of Adani group companies that were pledged as collateral, Bloomberg reported, citing a person with knowledge of the matter. As per reports, the group has not faced margin calls on these pledges and is actively seeking prepayments. Bloomberg reported that the main priority is to address […]
refunds Adani Group was working with its bankers to return the proceeds of the secondary share sale to Adani Enterprises. Anchor investors backing the issue included Maybank Securities and Abu Dhabi Investment Authority. The company aims to protect the interests of its investment community by returning income, it said. The Adani Group had on Tuesday […]
Shares in Gautam Adani’s empire fell again on Wednesday as the Indian tycoon dropped out of Forbes’ top 10 rich list following allegations of a massive accounting fraud. Bloomberg News said the five-day rout has now wiped off nearly $92 billion in the value of the group’s listed units, while Adani’s fortune has fallen by […]
