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Thursday, July 27, 2023

Gautam Adani returns to loan market as investor confidence improves

Adani Group, owned by Indian billionaire Gautam Adani, is reportedly in talks to borrow $600 million to $750 million to refinance the debt taken on to buy Ambuja Cements. Adani New Industries has also raised $394 million via a loan from Barclays and Deutsche Bank for a solar module project.

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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsu...