Supporting the crisis-hit Adani Group, credit rating agency Crisil Ratings on Friday said the group has sufficient cash and operating cash flow to meet debt obligations and committed capital expenditure. The rating agency said that there has been no negative action from lenders and investors so far after the group’s …
Read More »BJP’s victory in Maharashtra gives great relief to Adani Group, this is how the $3 billion Dharavi project will take wings
The landslide victory of the ruling Bharatiya Janata Party (BJP) and Shiv Sena (Eknath Shinde) Mahayuti in Maharashtra has given a reprieve to the billionaire Gautam Adani-led group’s $3 billion Dharavi project, under which Mumbai’s slum Dharavi is being redeveloped as a ‘world-class’ district. Opposition party Uddhav Thackeray-led Shiv Sena …
Read More »Adani Group rejected Hindenburg’s allegations, said the group has no connection with any Swiss court proceedings
Adani Group has denied a report by Hindenburg Research that Swiss authorities have frozen more than $310 million in several Swiss bank accounts as part of a money laundering and securities fraud investigation against Adani that began in early 2021. Adani Group has categorically denied this and said that there …
Read More »