Business

Fitch Revises Adani Transmission’s Outlook to Negative

Newsroom24X7 Network Singapore: Following Adani Transmission Limited’s (ATL) planned acquisition of Reliance Infrastructure Limited’s (RInfra) integrated power generation, transmission, distribution and retail business in Mumbai, Fitch Ratings has revised India-based Adani Transmission Limited’s (ATL) Outlook from table to Negative. Fitch believes the acquisition will not increase the company’s business risk. The addition of retail customers […]

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“Come, Make in India, Invest in India – for India and for the world”

Newsroom24x7 Network Hyderabad: Prime Minister Narendra Modi today invited “entrepreneur friends” from across the globe and said they should “Come, Make in India, Invest in India – for India, and for the world”. The Prime Minister was addressing the Global Entrepreneurship Summit, 2017 here. He invited the entrepreneurs to become a partner in India’s growth story […]

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Tata Steel and thyssenkrupp JV will be second-largest European flat steel producer

Newsroom24x7 Network Singapore/Mumbai: Tata Steel Limited’s (TSL) memorandum of understanding with thyssenkrupp AG to create a 50:50 JV in Europe paves the way for TSL to reduce exposure to a structurally weaker business, says Fitch Ratings. However, according to Fitch, TSL’s Long-Term Issuer Default Rating (IDR) of ‘BB’ remains on Rating Watch Evolving until further […]

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