Adani companies’ decent earnings offer only moderate relief

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The Indian conglomerate is still reeling from a short-seller’s attack

Adani Enterprises reported robust earnings. Its ports-to-power parent conglomerate had a solid 2022.

Not solid enough to reassure investors: the Indian group’s market value is down by $130bn since a short-seller accused it of fraud last month . Its rebuttal of the charges has slowed but not arrested the slide. To preserve cash, Adani will reportedly halt some capital spending.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Padre tempo...

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US hedge fund Elliott Investment Management interested in financing offer for UnitedManchester United’s owners have reportedly received last minute interest from American hedge fund Elliott Investment Management. Sir Jim Ratcliffe and a separate group of Qatari investors con… The GlazersOut movement don't just want the Glazer family to relinquish all their holdings in the club, but to also avoid having a doppelgänger come in and run the club the same way. Currently as of this moment, as much as I like SJR, Qatar is the best option known Not a welcome twist Keep the yanks away ffs!
La source: talkSPORT - 🏆 91. / 53 Lire la suite »