Category: Reliance Infrastructure

India Ratings downgrades Reliance Infra

Source: livemint.com New Delhi: Ratings agency India Ratings Friday downgraded Reliance Infrastructure Ltd’s long-term issuer rating to ‘D – Issuer Not Cooperating’. The downgrade comes barely a week after the Anil Ambani-led company’s auditors raised red flags over its financial results as well as “significant doubt” over the group’s ability to continue as a going

RInfra executes Rs 10,000-cr Mumbai projects under auditors’ oversight

Source: business-standard.com Auditors to Reliance Infrastructure (RInfra) last week raised concerns over loans extended to some of its construction entities. RInfra, which is executing more than Rs 10,000 crore worth of Mumbai’s projects, will now have a sharper oversight by development authorities so that the project is not impacted. As of March 2019, RInfra’s order

Sensex, Nifty pare losses on realty, power stocks gain; Indiabulls Real Estate, Adani Transmission stocks gain

Source:- zeebiz.com The stock market of India pares early morning losses on heavy buying in realty and power stocks. The BSE Sensex ended 15 points lower at 39,741 while the 50-stock Nifty closed 7 points higher at 11,914 levels. Testing the resistance at 31,000 the index bank Nifty closed 10 points up at 30,976 levels.

RCom to Jet: Here are 10 worst-performing stocks of 2019. Do you own any?

Source:- business-standard.com At a time when the frontline benchmark index on the BSE, the S&P BSE Sensex, breached the 40,000 mark, nearly 275 stocks that comprise the BSE 500 index have given a negative return thus far in calendar year 2019 (CY19). A ‘hope rally’ that the Narendra Modi – led National Democratic Alliance (NDA) would secure

Reliance Group has serviced debt payment of over Rs 35,000 cr in 14 months: Anil Ambani

Source:- thehindubusinessline.com Says Reliance Group company stocks are victims of ‘rumours, bear hammering’ Reliance Group Chairman Anil Ambani on Tuesday emphatically said the group is servicing its debt payments and will continue to reduce its arrears. In a suddenly announced conference call, Ambani said “unwarranted” rumours and “bear hammering” have damaged the value of the