Indian Economy News

Adani Seeks More Time to Pay $4bn Debt, Shares Fall on Report

The group's flagship firm, Adani Enterprises, slid nearly 7% to a near four-week low, while Adani Ports tumbled more than…

4 days ago

Indian Bank Rushes to Calm Users After Name Confusion With SVB

Over the weekend, India’s SVC Bank rushed to calm panicked depositors after they mistook it for the California based Silicon…

3 weeks ago

Apple, Foxconn Spur Landmark Labour Reforms in Indian State

The legislation led to laws that give India's Karnataka state “one of the most flexible working regimes in India,” according…

3 weeks ago

India Push to Settle Global Trade in Rupees ‘Not Without Risks’

Last July, the RBI introduced a new mechanism to settle international trade in rupees, aiming to promote exports and facilitate…

3 weeks ago

Adani Group Prepays $900m of Share-Backed Financing

Lenders will release 31 million pledged shares of Adani Enterprises, and 155 million shares of Adani Ports, the group said…

3 weeks ago

Analysts Keep the Faith in India’s Recovering Housing Market

India will buck the global trend of sinking housing prices due to strong demand for home ownership, analysts said

4 weeks ago

Adani Says Has Secured $3bn Loan From Sovereign Wealth Fund

The development comes as the embattled conglomerate seeks to ease investor concerns about its credit profile; Adani Enterprise shares have…

1 month ago

Host India Doesn’t Want G20 to Discuss Fresh Russia Sanctions

India is also pushing to avoid using the term "war" to describe Russia's invasion of Ukraine in official communique, G20…

1 month ago

Adani to Prepay $121 Million Loan as Market Value Drops 57%

The conglomerate’s market value has dropped below the $100 billion mark in the ongoing sell-off triggered by the Hindenburg report

1 month ago

All Eyes on India Market Regulator Amid Adani Share Sale Probe

Regulators are said to be probing the sharp sell-off in Adani Group companies, while also looking into trade patterns and…

2 months ago

Apple Chief Tim Cook ‘Very Bullish’ on India – Nikkei

The iPhone-maker suffered its first drop in revenues since 2019, following Covid-related disruptions at its largest factory in China

2 months ago

Big Money Rescues Adani Share Sale Despite Hindenburg Fallout

Adani’s firm reportedly held extensive discussions with investment bankers and institutional investors over the weekend to attract subscriptions to the…

2 months ago