Adani Power announced on Thursday that two promoter group companies, Fortitude Trade and Investment and Emerging Market Investment DMCC, have collectively acquired 2.1 percent of the Adani group company’s shares since the beginning of September. According to a BSE filing, between September 5 and September 21, Fortitude Trade and Investment purchased 6,58,47,000 shares, or 1.71…
All Indian clients of credit cards, debit cards, and prepaid cards will be able to switch networks as of October 1. Card users will soon be able to switch from Visa to MasterCard to RuPay or any other network of their choice, or vice versa, in the same way, that you can switch your mobile…
Concerns Have Been Voiced Concerning The Effect On Jobs And Competitiveness In The Nation’s Banking Sector Following The Recent Merger Of UBS And Credit Suisse, The Two Largest Banks In Switzerland. Following The Failure Of Three US Institutions In March, Which Raised Questions About Credit Suisse’s Financial Stability In The Wake Of Multiple Scandals In…
Economists claim that as a result of the Reserve Bank of India’s constant involvement, India’s foreign exchange reserves have reached a comfortable level. In the week ending April 28, the nation’s foreign exchange reserves rose to a 10-month high of $588.8 billion, showing a remarkable improvement from a decline to $524.5 billion in October 2022…
Go First, a low-cost airline, is dealing with several issues right now, including a severe financial crunch, Pratt & Whitney’s failure to deliver engines, and the resultant grounding of a sizable percentage of its fleet. The airline canceled all of its flights until May 12 and stopped selling tickets until May 15; nonetheless, it continued…
The diversified Adani Group’s biggest private thermal power producer in India, Adani Power, has announced solid financial results for the quarter ending in January–March 2023 and the complete fiscal year 2022–2023. Adani Power’s consolidated net profit (profit after tax) for the January-March 2023 quarter was $5,242 crore, according to the corporate statement. This is a…
Recently Indian Airlines Go First owned by the Wadia group has filed for insolvency. Indian banks such as Bank of Baroda, IDBI Bank, and others are in a position to lose their money as Go First owed them. Go First owes an amount as big as 6,521 Crore rupees to its financial creditors BoB and…
