Adani Power Board Approves $578 Mln Fundraising Via Share Sale

Staff Reporter | 29 January 2025

The board also enhances the previously approved fundraising limit via non-convertible debentures to 11,000 crore rupees from 5,000 crore rupees


Moody's Changes Bharti Airtel’s Outlook To Positive; Affirms Ratings

Staff Reporter | 22 January 2025

The change in outlook reflects a significant improvement in the Indian telecom operator’s financial profile and its steadily increasing market share


It’s Playtime For Swiggy After Food, Grocery Delivery; Eyes Sports Business

Staff Reporter | 15 January 2025

Indian food and grocery delivery firm incorporates a new subsidiary, Swiggy Sports, to foray into the sports business


JSW Energy Set To Acquire Bankrupt KSK Mahanadi Power; Gets Letter Of Intent

Staff Reporter | 13 January 2025

The development came after KSK Mahanadi Power’s creditors declared JSW Energy as successful applicant and approved its resolution plan


JSW Energy Seals Largest Deal Since Inception; To Buy O2 Power For $1.5 Bln

Staff Reporter | 27 December 2024

The acquisition of 4.7-GW renewable energy platform would help JSW Energy in achieving its renewable-led capacity growth target of 20-GW before FY30


Adani Enterprises’ Defense Arm To Acquire 85.8% Stake In Air Works

Staff Reporter | 23 December 2024

Adani Defence Systems agrees to buy the stake in Indian aircraft maintenance and repair company at an enterprise value of 400 crore rupees


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S&P Upgrades Vedanta Resources To B On Reduced Refinancing Risk

Staff Reporter | 20 December 2024

S&P says its Stable outlook reflects that Vedanta Resources will proactively address its $1.15 billion April 2026 debt maturities


Vedanta Board Approves To Pay $392 Mln Interim Dividend For FY25

COJ News Desk | 16 December 2024

Indian natural resources conglomerate declarers a fourth interim dividend of 8.5 rupees per share for FY25


Credit Risk To Rise Amid Cyberattacks On Larger Companies - Moody's

Staff Reporter | 10 December 2024

Moody's says cyber risk will intensify next year as attackers switch tactics in response to better corporate cyber defenses


Vodafone Idea Board Okays $234 Mln Share Issuance To Promoter Entities

COJ News Desk | 9 December 2024

Indian telecom operator will seek shareholders’ approval at an extraordinary general meeting on 7 January


Vodafone Idea Plans To Raise $236 Mln From UK-Based Promoter

COJ News Desk | 5 December 2024

The board will meet on 9 December to consider issuance of shares and convertible securities on a preferential basis


Moody's Lifts Vedanta’s CFR After Successful Liability Management

Staff Reporter | 27 November 2024

Moody's says the bond issuances in quick succession solidify Vedanta's access to capital markets and growing investor confidence in the company


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Moody's Changes Outlook On Seven Adani Group Companies To Negative

Staff Reporter | 26 November 2024

Moody's says US indictment of group executives on bribery and other charges likely to weaken Adani Group's funding access and raise its capital costs


TotalEnergies Hits Pause Button On New Investments In Adani Group

Staff Reporter | 25 November 2024

The development comes after US bribery and fraud charges against Adani Group founder Gautam Adani and several other executives


Adani Group Dismisses Bribery, Fraud Charges In US; To Seek Legal Recourse

Staff Reporter | 21 November 2024

The conglomerate says US Department of Justice and Securities & Exchange Commission’s allegations against Adani Green Energy’s directors are basel


Adani Enterprises Plans To Raise $238 Mln Via Debentures

COJ News Desk | 29 October 2024

Indian conglomerate’s board approves raising up to 2,000 crore rupees via public issuance of NCDs


Adani Power Board Approves Raising $595 Mln Via Debentures

COJ News Desk | 28 October 2024

Indian power producer will raise funds through the public issue and private placement of debentures


Moody's Upgrades Vedanta Resources’ Corporate Family Rating To B3

Staff Reporter | 25 October 2024

Moody's says the Stable outlook reflects its expectation that the natural resources conglomerate will address its debt maturities