Daily Archives: June 10, 2020

6 PSUs now ‘fallen angels’ after India’s sovereign rating cut- Moody’s

India’s sovereign rating downgrade has created six “fallen angels”, or companies in the non-financial sector whose ratings have dipped to just one notch away from being considered junk, global ratings agency Moody’s Investors Service said on Tuesday. Companies that move from investment grade category to sub-investment grade are sometimes referred as “Fallen Angels”.All these six…

Adani says enough room to dilute 10-15 per cent stake in Adani Green Energy

After French energy major Total SA, more foreign investors have shown interest in partnering Adani group in its renewable energy business, its chairman Gautam Adani said on Tuesday. In April, Total invested around Rs 3,707 crore for 50 per cent partnership with Adani Green Energy for a joint venture that will house 2.148 gigawatts (GW)…