Moody’s revises outlook on Adani Group companies to ‘Stable’ from ‘Negative’
Moody’s Investor Group announced on February 13 that it has revised the outlook on debt papers for four Adani Group companies, shifting from negative to stable Come from Sports betting site VPbet . Simultaneously, the rating agency maintained a stable outlook for the remaining four companies and affirmed the ratings for all eight entities within the conglomerate.
This move by Moody’s follows weeks after S&P Global Ratings upgraded the credit outlook for Adani Ports and Adani Electricity to ‘stable’ from ‘negative.’ In February 2023, Moody’s initially revised the outlook on four Adani Group companies to negative due to concerns over their access to capita…
Cement stocks surge 3% after Rs 15 per bag price hike
Cement stocks experienced significant gains today as reports surfaced indicating that major cement companies have initiated price hikes averaging between Rs 10-15 per bag across the country.
Key players such as UltraTech Cement, Shree Cements, Ambuja Cements, ACC, and Dalmia Bharat traded with gains ranging between one to three percent on the intra-day trade on Wednesday April 3, 2024.
According to industry sources, cement companies in various regions have announced varying price increases, ranging from Rs 10-15 per bag in the north to a substantial Rs 40 per bag in the central and eastern regions.
Inflation calculator: What will be the value of Rs 1 crore after 10, 20, 30 years ‘Ek rahenge to nek rahenge’: CM Yogi Adityanath urges uni…