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Credit watcher warns Adani Group is deeply overleveraged

Credit watcher warns Adani Group is 'deeply overleveraged'

"The Adani Group is increasingly venturing into new and/or unrelated businesses, which are highly capital intensive and raises concerns regarding spreading execution oversight too thin," the report said
The six listed Adani group firms had a gross debt of ₹2,309 billion as of FY22-end. Net debt after accounting for cash in hand was ₹1,729 billion, CreditSights noted

24 Aug 2022 5:42 AM GMT

The oomph in Sunak that is sorely lacking in his rival

The oomph in Sunak that is sorely lacking in his rival

23 Aug 2022 7:32 AM GMT

Next PM of the UK will definitely NOT be a white man

Next PM of the UK will definitely NOT be a white man

Sunak is seen to have the confidence of MPs, selecting the final two candidates in the race for Prime Minister chair. He...

22 July 2022 6:22 AM GMT

Rishi Sunaks message in UK PM race debate was all about honesty

Rishi Sunak's message in UK PM race debate was all about honesty

Mr Sunak is sticking to his economic plan of prudency over immediate tax cuts against Foreign Secretary Liz Truss'...

17 July 2022 8:41 AM GMT

Johnson got the trust but trouble not yet over

Johnson got the trust but trouble not yet over

Dissent was evident even within his party members and loyalists over a number of issues, though PM Boris Johnson...

10 Jun 2022 4:28 AM GMT