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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.
The group’s investments in existing and unrelated new businesses come with a high risk and could spiral out of control, the report says
Billionaire Gautam Adani’s debt-fuelled growth plans have made his group “deeply overleveraged”, which could spiral into a “massive debt trap” and default of one or more group companies, said financial research firm CreditSights in a report released on Tuesday. CreditSights is a unit of Fitch Group, which is the parent company of credit rating agency Fitch.
“The group has been investing aggressively across both existing and new businesses, predominantly funded with debt, resulting in elevated leverage and solvency ratios. This has understandably caused concerns about the group as a whole, and what implications it could have on the group companies …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
In a surprise move on Wednesday, the Tata Sons chairman announced he will exit Bombay House at the end of his tenure in February 2027. He leaves at what is one of the most crucial times for the group.
