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Latest Financial and Business News

  • Business
    Reuters

    UPDATE 1-Adani Enterprises shelves $122 million bond plan - Bloomberg News

    Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), Bloomberg News reported on Saturday. The flagship firm of Indian billionaire Gautam Adani's empire had planned the public note issuance for January, working with Edelweiss Financial Services Ltd, AK Capital, JM Financial, and Trust Capital, but activity has now stopped, the report said, citing people familiar with the matter. Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday this week, after a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.

  • World
    Reuters

    U.S. weighs sanctions for Chinese companies over Iran surveillance buildup - WSJ

    The U.S. is considering new sanctions on Chinese surveillance companies over sales to Iran's security forces, the Wall Street Journal reported on Saturday citing people familiar with the matter. U.S. authorities are in advanced discussions on the sanctions and have zeroed in on Tiandy Technologies Co, an electrical equipment manufacturer based out of the Chinese city of Tianjin whose products have been sold to units of Iran's Islamic Revolutionary Guard Corps, the report added.

  • Business
    Reuters

    Adani Enterprises shelves $122 million bond plan - Bloomberg News

    The flagship firm of Indian billionaire Gautam Adani's empire had planned the public note issuance for January, working with Edelweiss Financial Services Ltd, AK Capital, JM Financial, and Trust Capital, but activity has now stopped, the report said, citing people familiar with the matter. Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday this week, after a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks. A spokesperson for Adani Group did not immediately respond to Reuters request for comment.

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