Debt-funded acquisitions can put strain on Adani group scores: S&P
Richest Indian Gautam Adani’s group, which has grown on acquisitions, has pretty stable fundamentals however debt-funded future acquisitions can begin placing strain on scores, S&P World Rankings mentioned on Thursday. Beginning out as a commodities dealer in 1988, the Adani group has diversified from mines, ports and energy vegetation into airports, information centres and defence. Learn extra
Govt decides to place restrictions on export of wheat flour to curb costs
The federal government on Thursday determined to place restrictions on the export of wheat or meslin flour to curb rising costs of the commodity. The choice was taken at a gathering of the Cupboard Committee on Financial Affairs (CCEA), chaired by Prime Minister Narendra Modi. Learn extra
HDFC Financial institution to spend money on IPO-bound common insurance coverage agency Go Digit
HDFC Financial institution on Thursday mentioned it’ll spend money on IPO-bound Go Digit Life Insurance coverage. The lender mentioned it entered into an indicative and non-binding time period sheet with the Fairfax Holdings-backed insurer. In a inventory change submitting, HDFC Financial institution mentioned it’ll make investments between Rs 49.9 crore to Rs 69.9 crore in two tranches to accumulate as much as 9.94% fairness stake within the firm. Learn extra
Soren faces disqualification for holding workplace of revenue, blames BJP
Jharkhand Chief Minister Hemant Soren, who’s going through menace of disqualification as an MLA for holding an workplace of revenue, on Thursday blamed the opposition BJP for the controversy as sources indicated that the Election Fee has submitted its report back to Governor Ramesh Bais. Soren mentioned that “it appears BJP leaders and their puppets have drafted the report which is in a sealed cowl”. He mentioned that there is no such thing as a communication to him formally. Sources, nevertheless, mentioned that BJP is seeming assured about their petition in opposition to him. Learn extra