Fitch takes negative rating actions on Adani Group entities
Tue, Nov 26, 2024 1:10 PM

Fitch takes negative rating actions on Adani Group entities

A Flip by Avya Verma
Get it on Google Play
Ratings agency Fitch has taken negative rating actions on several Adani Group entities and bonds, putting them on watch for a possible downgrade following the indictment of some of the firm's key executives in the U.S. on bribery charges. Adani Ports, North Queensland Export Terminal, and Mumbai International Airport are among those under review for possible downgrades.

More great flips

GRM Overseas Standalone September 2024 Net Sales at Rs 149.92 crore

GRM Overseas Standalone September 2024 Net Sales at Rs 149.92 crore

Reported Standalone quarterly numbers for GRM Overseas are: Net Sales at Rs 149.92 crore in September 2024 down 9.47% from Rs. 165.60 crore in September 2023. Quarterly Net Profit at Rs. 7.12 crore in September 2024 up 5.18% from Rs. 6.77 crore in September 2023. EBITDA stands at Rs. 12.82 crore in September 2024 down 9.46% from Rs. 14.16 crore in September 2023.

Open Flip
Ram Informatics Standalone September 2024 Net Sales at Rs 4.00 crore

Ram Informatics Standalone September 2024 Net Sales at Rs 4.00 crore

Reported Standalone quarterly numbers for Ram Informatics are: Net Sales at Rs 4.00 crore in September 2024 down 78.85% from Rs. 18.93 crore in September 2023. Quarterly Net Profit at Rs. 0.21 crore in September 2024 down 90.08% from Rs. 2.16 crore in September 2023. EBITDA stands at Rs. 1.41 crore in September 2024 down 68.94% from Rs. 4.54 crore in September 2023.

Open Flip
Dry powder with Indian alternative investment funds near $100 bn mark

Dry powder with Indian alternative investment funds near $100 bn mark

Limited partners (LPs), who had tightened their purse strings in the first quarter of 2024 after fresh commitments to India-focused private equity, private credit, venture capital and public markets funds hit a record high at the end of 2023, are slowly raising their allocation to the alternatives asset class. 

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon