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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
To fund its operations and expansion, the conglomerate has been turning to the bond markets in a big way. Will the rising debt prove to be a burden or a boon?
The Adani Group has been racking up debt and turning to the bond markets in a significant way to fund its operations and expansion plans. Since January 2020, it has raised around Rs 24,120 crore in non-convertible debentures or bonds and Rs 50,050 crore in commercial papers. The group had over Rs 143,333 crore in borrowings on a consolidated basis as of 2020-21.
That's a large number. Making the Adani Group among the most indebted large conglomerates in India today. Yet little attention has been paid so far to the group's borrowing strategy even as its position in the equities …
Former WeWork chief is betting on the Mideast markets, fresh attacks have the Gulf on edge again, and other updates from this week.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
