DIRS.INFO The most relevant business & tech news

☆ My 4 cousins and I all have the same first name. We go by nicknames instead.
▼ + stars: | 2024-04-23 | by ( Conz Preti | ) www.businessinsider.com time to read: +3 min

The law dictates that people can't have more than three names, can't have last names as names, and can't be named exactly the same as a living sibling. There's even a list of approved names people can name their kids, featuring traditional names like Adriana and Lourdes and religious names like Abraham and Adan. However, we go by nicknames or variations of our middle names, which are all different. So my cousins and I are: Maria Cecilia, Maria Carolina, Maria Constanza, Maria Julieta, and Maria Eugenia. When it came to naming kids with my husband, we chose short and unique first names, and traditional Spanish middle names.

Persons: Adriana, Lourdes, Abraham, Adan, Maria, —, Maria Cecilia, Maria Carolina, Maria Constanza, Maria Julieta, Maria Eugenia, Caro, Conz, I'm Organizations: Service, Business Locations: Argentina, Spanish

The fund is called Gulf Asia Trade & Investment, the sources said. The Adani Group did not comment on the SEBI probe and its possible ties with the fund when contacted by Reuters. EZY had been incorporated in the British territory in 2006, while Gulf Asia was incorporated there in May 2011. In April 2014, Gulf Asia held $51.4 million worth of shares in Adani Enterprises and Adani Power (ADAN.NS). In March 2017, that had increased to $202 million in four group companies - Adani Enterprises, Adani Power, Adani Transmission and Adani Ports (APSE.NS), according to the OCCRP data.

Persons: Francis Mascarenhas, Nasser Ali Shaban, OCCRP, Hindenburg, Ahli, Gautam Adani, EZY, SEBI, Jayshree, Krishn Kaushik, Sumeet Chatterjee, Edwina Gibbs, Louise Heavens Organizations: Securities and Exchange Board of India, REUTERS, Adani, Gulf Asia Trade & Investment, Dubai, Reuters, Securities and Exchange, India's, Hindenburg, Adani Enterprises, Al, Trade, United Arab, British Virgin Islands, Gulf, EZY Global, EZY, Thomson Locations: Mumbai, India, British Virgin, Nasser Ali Shaban Ahli, Gulf, Gulf Asia, United Arab Emirates, British, Asia

☆ Adani fault lines raise bar for India’s regulator
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. It was a hunt an Indian panel probing allegations of stock manipulation warned might be "a journey without a destination". Adani on Thursday rejected OCCRP’s claims, saying they are based on decade-old closed cases. Shares of Adani Total Gas (ADAG.NS), a joint venture with France’s Total, and Adani Power (ADAN.NS) and Adani Enterprises (ADEL.NS) fell 2.5%, 3.5% and 3% respectively. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Gautam Adani, Amir Cohen, Gautam, Hindenburg, Madhabi Puri, she’s, Nasser Ali Shaban Ahli, Taiwan’s Chang Chung, Ling, Vinod Adani, Gautam Adani’s, Adani, OCCRP’s, Mukesh Ambani’s, Didi, Antony Currie, Thomas Shum Organizations: Adani Group, Haifa Port, REUTERS, Rights, Reuters, India’s Securities, Exchange Board of India, United Arab Emirates, France’s, Adani Enterprises, X, Thomson Locations: Haifa, Israel, Madhabi Puri Buch, Una

☆ Edna Adan Ismail Fights for the Health of African Women
▼ + stars: | 2023-08-25 | by ( Emily Bobrow | ) www.wsj.com time to read: 1 min

Edna Adan Ismail is renowned for her work as a nurse-midwife, but at first the job held little appeal. “Poo-poo, pee-pee, breast milk, babies screaming—midwifery was not really my first choice,” she admits. “It wasn’t even on my list of choices.” As the first Somaliland woman to receive formal nursing training in Britain, in the 1950s, she preferred the drama of surgery. She changed course only after her physician father, who had seen two of his children die due to obstetric mishaps, asked: “But how will you handle all the pregnant women who need your help?”

Persons: Edna Adan Ismail, “, ” Locations: Britain

☆ India's Adani group stocks hit by first auditor quitting over Hindenburg report
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, February 2, 2023. Adani Ports said Deloitte, which does not audit any of the other six listed Adani group companies, had all the necessary information and its reason to quit was "not convincing." "The spotlight is back on Adani Group stocks and this time the auditor has raised concerns and resigned. The flagship Adani Enterprises (ADEL.NS) dropped 5.5%, while Adani Power (ADAN.NS), Adani Energy Solutions (ADAI.NS), Adani Wilmar (ADAW.NS), Adani Green Energy (ADNA.NS) and Adani Total Gas (ADAG.NS) declined between 3% and 5%. "In the near term, the Adani group stocks will likely remain under pressure and any re-rating will happen gradually when the water settles down."

Persons: Amit Dave, Hindenburg, Gautam Adani, Prashant Tapse, Adani, Avinash Gorakshakar, Rama Venkat, Savio D'Souza Organizations: Adani, REUTERS, Deloitte, Reuters, Adani Ports, Mehta, Adani Enterprises, Adani Energy Solutions, Energy, Profitmart Securities, Associates, BDO International, Thomson Locations: Ahmedabad, India, BENGALURU, Bengaluru

☆ Mexico's Sheinbaum leads race for ruling party presidential ticket -poll
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

That has prompted many analysts to view the MORENA contest as an almost de facto presidential race. The poll showed that Ebrard was the best-known candidate, being recognized by 71% of respondents, while Sheinbaum was familiar to 66% of the public. Sheinbaum and Ebrard have long been favorites for the MORENA ticket. The poll showed the next-best placed candidate, former Interior Minister Adan Augusto Lopez, had 8% support, along with veteran leftist Gerardo Fernandez Norona. A survey published last month by Buendia & Marquez showed Sheinbaum polling at 32% support and Ebrard at 23% on the question of who should be the MORENA presidential candidate.

Persons: Mexico City Mayor Claudia Sheinbaum, Marquez, Sheinbaum, Marcelo Ebrard, Andres Manuel Lopez Obrador, Ebrard, Adan Augusto Lopez, Gerardo Fernandez Norona, Natalia Siniawski, Mark Porter Organizations: MEXICO CITY, Mexico City Mayor, El Universal, Regeneration, Buendia, Thomson Locations: MEXICO, MORENA

The fallout is a rare chink in Lopez Obrador's formidable popularity, steadily above 60% throughout his term. The pricing issue is urgent as northern corn farmers are harvesting now, many with nowhere to sell without taking a loss. It is not the first time that tensions have heated up between this administration and the agriculture sector. Valdez estimated that commercial agriculture producers represent about 10 million votes. Farmers argue Lopez Obrador's government has eliminated important sector benefits, including loans at beneficial interest rates, which his administration says too often fell into arrears.

Persons: Edgard Garrido, Andres Manuel Lopez, Lopez, Lopez Obrador's, Bosco, la Vega, Lopez Obrador, Claudia Sheinbaum, Marcelo Ebrard, Adan Augusto, Baltazar Valdez, Valdez, Raul Urteaga, Urteaga, spokespeople, Luz Maria Mendoza, Cassandra Garrison, Stephen Eisenhammer, Nick Zieminski Organizations: REUTERS, MEXICO CITY, U.S, Regeneration, Producers, Chicago Board of Trade, CNA, Farmers, North American Free Trade, United Farm Workers, Valdez, Global Agrotrade Advisors, Agriculture, Finance Ministry, FIRA, Thomson Locations: La Constitucion Totoltepec, Toluca , Mexico, MEXICO, Sinaloa, United States, U.S, Chihuahua, Mexico, Canada

☆ Mexico interior minister steps down to vie for presidential bid
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 16 (Reuters) - Mexican Interior Minister Adan Augusto Lopez has resigned from his post to compete for the ruling party's candidacy in next year's presidential elections, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador said during a regular press conference that the interior minister had resigned the day before. The president did not immediately name a replacement, but said that Alejandro Encinas, who has led human rights issues for the ministry, would act as interior minister in the interim. Lopez's resignation follows that of former Foreign Minister Marcelo Ebrard, who stepped down earlier this week, and Mexico City Mayor Claudia Sheinbaum, whose last day in office is Friday. Opinion polls so far have tended to give Sheinbaum, who would be Mexico's first female president if she won, a slight edge.

Persons: Adan Augusto Lopez, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez, Alejandro Encinas, Marcelo Ebrard, Mexico City Mayor Claudia Sheinbaum, Raul Cortes, Kylie Madry, Sarah Morland, Cassandra Garrison, Bill Berkrot Organizations: MEXICO CITY, Mexico City Mayor, Regeneration, Thomson Locations: MEXICO, Mexico, MORENA

☆ Mexico City mayor to step down to pursue historic bid for presidency
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

[1/3] Outgoing Mexico City Mayor Claudia Sheinbaum, one of the leading candidates for the presidential nomination of the ruling MORENA party, gestures during a press conference in Mexico City, Mexico June 12, 2023. REUTERS/Raquel CunhaMEXICO CITY, June 12 (Reuters) - Mexico City Mayor Claudia Sheinbaum said she will step down on Friday to pursue the ruling party's candidacy for the 2024 presidential election, bidding to become the country's first female leader. President Andres Manuel Lopez Obrador's leftist National Regeneration Movement (MORENA) on Sunday agreed that on Sept. 6 it would announce the winner of its internal selection process. MORENA is heavily favored to win the June 2024 presidential election, lifted by Lopez Obrador's personal popularity. Reporting by Dave Graham in Mexico City; Writing by Sarah Morland and Brendan O'Boyle; Editing by Matthew Lewis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Mexico City Mayor Claudia Sheinbaum, Raquel Cunha MEXICO, Andres Manuel Lopez Obrador's, MORENA, Lopez, Lopez Obrador, Sheinbaum, Marcelo Ebrard, Ebrard, Adan Augusto Lopez, Dave Graham, Sarah Morland, Brendan O'Boyle, Matthew Lewis, Leslie Adler Organizations: Mexico City Mayor, REUTERS, Raquel Cunha MEXICO CITY, Regeneration, Sunday, Reuters, Interior, Thomson Locations: Mexico, Mexico City, China, United States

☆ Mexico foreign minister quits in bid to clinch presidential nomination
▼ + stars: | 2023-06-07 | by ( Dave Graham | ) www.reuters.com time to read: +4 min

[1/4] Mexican Foreign Minister Marcelo Ebrard raises his fist while announcing he will resign next week to focus on winning the nomination of the leftist National Regeneration Movement (MORENA) ruling party for next year's presidential election, at a hotel in Mexico City, Mexico, June 6, 2023. Mexico's U.N. ambassador Juan Ramon de la Fuente and ambassador to the U.S. Esteban Moctezuma are seen by many analysts as the favorites to replace Ebrard as foreign minister. As foreign minister, it is harder for Ebrard to address domestic issues than for Sheinbaum and Interior Minister Adan Augusto Lopez, another leading contender, Buendia said. Following Ebrard's announcement, MORENA party chairman Mario Delgado told Mexican radio the party's contenders would ultimately have to resign to ensure a fair contest. During Monday's meeting, Lopez Obrador said he had urged the party to remain united, and pledged not to influence the outcome of MORENA's internal contest.

Persons: Marcelo Ebrard, Andres Manuel Lopez Obrador, Mayor Claudia Sheinbaum, Ebrard, Mexico's U.N, Juan Ramon de la Fuente, Esteban Moctezuma, Lopez Obrador, MORENA, Jorge Buendia, Marquez, Buendia, Adan Augusto Lopez, Lopez, Mario Delgado, Dave Graham, Anthony Esposito, Gerry Doyle, Raju Gopalakrishnan Organizations: Foreign, Regeneration, Read, MEXICO CITY, Mayor, U.S, Thomson Locations: Mexico City, Mexico, MEXICO, U.S, Mexican, State of Mexico

☆ Mexico foreign minister's departure primed to spark more resignations
▼ + stars: | 2023-06-07 | by ( Dave Graham | ) www.reuters.com time to read: +2 min

Interior Minister Adan Augusto Lopez also plans to resign next week to focus on his own presidential bid, two government sources told Reuters. If MORENA's board decides that on Sunday, then interior minister Lopez and Mexico City Mayor Claudia Sheinbaum, two other top contenders, would need to resign, Lopez Obrador said at a regular press conference. Lopez Obrador made the remark after observing that more contenders could follow Ebrard's lead in the next few days. Supporters of Ebrard argue his post does not allow him to focus as much on domestic issues as Sheinbaum and Lopez. Lopez Obrador did not immediately name a replacement for Ebrard, who is due to step down next Monday.

Persons: Andres Manuel Lopez Obrador, Marcelo Ebrard, Ebrard, Lopez Obrador, Adan Augusto Lopez, Mario Delgado, Lopez, Mexico City Mayor Claudia Sheinbaum, Ricardo Monreal, MORENA, Dave Graham, Diego Ore, Stefanie Eschenbacher, Matthew Lewis, David Gregorio, Grant McCool Organizations: MEXICO CITY, Foreign, Regeneration, Reuters, Mexico City Mayor, Thomson Locations: MEXICO, Ebrard

☆ Mexican president urges unity among ruling party contenders
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 6 (Reuters) - Mexican President Andres Manuel Lopez Obrador said he had sought to promote unity within the ruling National Regeneration Movement (MORENA) during a dinner on Monday evening attended by the party's main contenders to succeed him. Ebrard is one of the leading contenders to succeed Lopez Obrador, though most recent polling has tended to give Mexico City Mayor Claudia Sheinbaum a slight edge in the race. Lopez Obrador said Ebrard, Sheinbaum and Interior Minister Adan Augusto Lopez, another presidential hopeful, were at the dinner, where MORENA leaders congratulated party stalwart Delfina Gomez for winning the State of Mexico's gubernatorial election on Sunday. "And we also met to maintain unity, so that there aren't divisions," the leftist president told reporters. Reporting by Dave Graham; Editing by Isabel Woodford and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, MORENA, Marcelo Ebrard, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Ebrard, Adan Augusto Lopez, Delfina Gomez, Dave Graham, Isabel Woodford, Paul Simao Organizations: MEXICO CITY, Regeneration, Mexico City Mayor, Thomson Locations: MEXICO, Sheinbaum, Mexico's

Shares of companies of the coal-to-airports conglomerate, controlled by billionaire Gautam Adani, were up between 1.2% to 7% in late trade on Friday in a largely flat wider market. The group's listed companies lost more than $100 billion in market value earlier this year after U.S.-based Hindenburg Research raised several governance concerns. The court on Wednesday granted SEBI additional time until Aug. 14 to complete its investigation into possible violation of securities law and regulatory disclosures by the Adani group. Beside flagship Adani Enterprises (ADEL.NS), other group companies include edible oils business Adani Wilmar (ADAW.NS), Adani Ports (APSE.NS), Adani Green Energy (ADNA.NS), Adani Transmission (ADAI.NS), Adani Total Gas (ADAG.NS), Adani Power (ADAN.NS), broadcaster NDTV (NDTV.NS) and cement units ACC Ltd (ACC.NS) and Ambuja Cements (ABUJ.NS). The panel said, citing SEBI, there was evidence of a build-up in short positions on Adani group stocks ahead of the Hindenburg report.

☆ Mexican president, with COVID, expected to resume activities this week -Interior Minister
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, April 26 (Reuters) - Mexican President Andres Manuel Lopez Obrador may return to normal activities as soon as this week as his COVID-19 symptoms improve, a top government official said Wednesday. Lopez Obrador on Sunday said he had tested positive for the virus, his third known infection, and would take a few days off. Speaking in the president's place at a regular news conference, Interior Minister Adan Augusto Lopez said Lopez Obrador's health was improving. "We think, and this is what the doctors say, that the president will be resuming his normal activities ... before the weekend," he said. Lopez Obrador, 69, who had a serious heart attack in 2013, reported mild symptoms from both of his previous bouts of COVID-19 at the height of the pandemic.

☆ Mexico president self-isolating after catching COVID-19: minister
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, April 24 (Reuters) - Mexican President Andres Manuel Lopez Obrador is receiving medical treatment and self-isolating after testing positive for COVID-19, the country's Interior Minister Adan Augusto said Monday in a morning press conference. Augusto said that Lopez Obrador was at the presidential headquarters and that the president had shown cold-like symptoms since Saturday. He denied a media report that the president had suffered a heart attack. This is the third known COVID-19 diagnosis for Lopez Obrador, 69, who had a serious heart attack in 2013. He reported mild symptoms from both of his previous bouts of COVID-19 at the height of the pandemic.

☆ Mexican president tests positive for COVID-19 for third time
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, April 23 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Sunday that he had tested positive for COVID-19, the third known infection, adding that while he was not seriously ill he would take a few days off. Lopez Obrador, 69, who had a serious heart attack in 2013, reported mild symptoms from both of his previous bouts of COVID-19 at the height of the pandemic. Lopez Obrador said Interior Minister Adan Augusto Lopez would host his regular morning news conference. In January 2022, Lopez Obrador underwent cardiac catheterization and was found to be in good health. Back then, the government said the president has regular check ups that include lab tests, electrocardiograms, stress tests and CT scans.

☆ Mexico Probes Possible Staff Negligence in Fire That Killed 38 Migrants
▼ + stars: | 2023-03-29 | by ( Anthony Harrup | Santiago Pérez | ) www.wsj.com time to read: 1 min

MEXICO CITY—Mexican federal prosecutors will investigate possible negligence in the response to a fire at a migrant detention center in the border city of Ciudad Juárez that left at least 38 migrants dead as actions of staff at the facility came under scrutiny, President Andrés Manuel López Obrador said Wednesday. A surveillance video shows migrants trapped in locked cells as the fire erupted on Monday night, while two guards appear to make no attempt to release the detained men as smoke filled the detention area. The authenticity of the video was confirmed by Interior Minister Adán Augusto López.

☆ Migrants were locked behind bars during deadly Mexico fire, witnesses say
▼ + stars: | 2023-03-29 | by ( Lizbeth Diaz | ) www.reuters.com time to read: +4 min

CIUDAD JUAREZ, Mexico, March 29 (Reuters) - Migrants were locked in a cell as a blaze spread killing 39 people at a detention center in Mexico, witnesses and a survivor said on Wednesday, as Mexico's president vowed to bring to justice those responsible. "There'll be no attempt to hide the facts, no attempt to cover for anyone," he told a news conference in Mexico city. All the victims were male, and Mexico's government is under pressure to find out why they died after officials said the women migrants at the center were successfully evacuated. Outside a hospital in Ciudad Juarez, which sits across the border from El Paso, Texas, family members anxiously waited for news of their loved ones who had been injured in the fire. Reporting by Lizbeth Diaz in Ciudad Juarez and Daina Beth Solomon, Dave Graham and Valentine Hilaire in Mexico City; Writing by Anthony Esposito; Editing by Jonathan Oatis and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ El Salvador condemns staff at Mexican migrant center after deadly fire
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

March 29 (Reuters) - El Salvador condemned on Tuesday the action of detention center staff in Mexico during a fire that killed at least 38 migrants, including "several" Salvadorans, and demanded a thorough investigation. Pope Francis prayed in Spanish for the migrants who died yesterday in a tragic fire in Ciudad Juarez. Let us pray for that" the Pope said during his weekly address to crowds in St Peter's Square on Wednesday. A video shared on social media appears to show three people at the center in what appear to be official uniforms failing to open a cell door as the fire began. By the end of the video the smoke is so thick the cell can no longer be seen.

☆ Indian shares set for muted start as Powell reiterates hawkish message
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, March 9 (Reuters) - Indian shares are set for a muted open on Thursday, on concerns of a prolonged high-interest rate regime after U.S. Federal Reserve Chair Jerome Powell reiterated his hawkish stance on the second day of congressional testimony. Indian shares extended gains for a third session in a row on Wednesday, in contrast to global peers. Indian equities are likely to remain rangebound ahead of the Federal Reserve's policy decision on March 22, two analysts said. ** Adani Enterprises (ADEL.NS), Adani Power (ADAN.NS), Adani Wilmar (ADAW.NS): NSE places three group firms under short-term additional surveillance measures from March 1. ($1 = 81.9910 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

☆ India invokes emergency law to force coal-based power plants to up output
▼ + stars: | 2023-02-20 | by ( Sarita Chaganti Singh | ) www.reuters.com time to read: +2 min

NEW DELHI, Feb 20 (Reuters) - India on Monday invoked an emergency law to force power plants that run on imported coal to maximise output ahead of an expected record surge in power usage this summer, according to an internal power ministry notice seen by Reuters. Reuters reported last month on India's plans to use the law to maximise coal power output. In the notice sent to all imported coal-based power plants, the ministry said it expects them to operate at full capacity and sell power to buyers on exchanges. India's imported coal plants have a total capacity of 17 gigawatts. India expects its power plants to burn about 8% more coal in the financial year ending March 2024, with increased economic activity and erratic weather to continue to boost growth in demand for power.

☆ Adani crisis: Modi's party has 'nothing to hide', says India home minister
▼ + stars: | 2023-02-14 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

[1/2] BJP President Amit Shah and Indian Prime Minister Narendra Modi are seen after the election results in New Delhi, India, May 23, 2019. The Adani group has denied the allegations and threatened legal action against Hindenburg. Without referring to Adani, Modi told parliament last week that the "blessings of 1.4 billion people in the country are my protective cover and you can't destroy it with lies and abuses", as opposition lawmakers chanted "Adani, Adani". Adani Power (ADAN.NS) and Adani Green Energy (ADNA.NS) fell too in a wider Mumbai market (.NSEI) that was up slightly. India's Economic Times daily reported on Tuesday that Adani group executives had been holding negotiations since last week with Abu Dhabi's International Holding Corp (IHC) for capital infusion into Adani Enterprises or other group entities.

The Adani Group has denied any wrongdoing. "Depending on the outcome of the MSCI review, we could see more pressure on select Adani group stocks." "This determination has triggered a free float review of the Adani Group securities." Adani Group did not respond to a Reuters request for comment. They accuse his government of giving undue favours to the Adani Group, a charge denied by the government and the company.

"Depending on the outcome of the MSCI review, we could see more pressure on select Adani group stocks." "MSCI has determined that the characteristics of certain investors have sufficient uncertainty that they should no longer be designated as free float ... This determination has triggered a free float review of the Adani Group securities," it added. Adani group did not respond to a Reuters request for comment. Adani Transmission (ADAI.NS), Adani Total Gas (ADAG.NS) and Adani Power (ADAN.NS) were each down 5%, while Adani Ports and Special Economic Zone (APSE.NS) were down nearly 2.9%.

☆ Adani Power profit slumps as fuel costs nearly double
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

Adani Group first said it would evaluate an independent review while reporting results for other group companies on Tuesday. Group company Adani Wilmar too said Hindenburg Research's report had no bearing on its operations. read moreAdani Power - the power generating arm of the Adani Group- posted consolidated net profit of 87.7 million rupees ($1.06 million) in the three months ended Dec 31, down from 2.18 billion rupees a year ago. Fuel costs, which account for about 70% of the company's total expenses, nearly doubled to 55.33 billion rupees. Shares of Adani Power have fallen nearly 34% since Jan. 24, taking the company's losses to $4.3 billion since the Hindenburg report came out, while the group's losses have ballooned to over $102 billion.

Search resuls for: "Adan"

25 mentions found