Moody’s Says Assessing Financial Flexibility Of Adani Group Firms Post Adverse Developments

Adani group stocks have seen a rapid decline in stock value post-release of the Hindenburg report. (File) New Delhi: Moody’s Investors Service on Friday said it is assessing overall financial flexibility, including liquidity position, of Adani Group firms given a significant and rapid decline in stock value post release of the Hindenburg Research report. “These … Read more

Taliban Detain, Beat Afghan Professor Ismail Mashal Who Tore His Certificates On TV: Aide

Ismail Mashal had caused a storm by tearing his degree certificates on TV. (File) Kabul: Afghanistan’s Taliban authorities have “beaten and detained” an academic who voiced outrage on live television against their ban on women’s university education, his aide said Friday. Veteran journalism lecturer Ismail Mashal caused a storm by tearing his degree certificates to shreds … Read more

Fitch Says No Immediate Impact On Adani Ratings Following Short-Seller Report

Fitch has ratings on eight entities within the Adani group. (File) Ratings agency Fitch said on Friday it saw no immediate impact on its ratings of Adani Group entities and their securities, following U.S. short-seller Hindenburg Research’s report last week. Hindenburg’s scathing attack on the conglomerate questioned the firm’s debt levels and use of tax … Read more