Adani Group will invest over $100 bn of capital in next decade: Gautam Adani

New Delhi, Sep 27 (IANS) This confidence of a nation is also reflected in the scale of the decisions corporates make. This has been the case with the Adani (NS:) Group as we benefit from a rising India, Gautam Adani, Chairman, Adani Group said. “This optimism is the wind in my sails that has made … Read more

Domino’s Concerns Overblown and Already Priced In – Stock Upgraded at BMO Capital Markets By

© Reuters. By Vlad Schepkov A BMO Capital Markets analyst upgraded Domino’s Pizza (NYSE:) from ‘Market Perform’ to ‘Outperform’ and maintained a $430 price target on the shares, citing strong consumer survey readings, improving labor market conditions, and the stock’s attractive valuation. In his most recent note on the company, the analyst lists several key … Read more

Emerging-Market Capital Outflow Risk Rises With US Dollar

(Bloomberg) — The dollar’s rise over the past year is leaving some emerging markets increasingly exposed to capital outflow. The most vulnerable are beginning to falter, sending a warning signal to EM as whole. In a dollar-based system, countries have dollar liabilities but local-currency assets. When the US currency rises, it eventually puts intolerable strain … Read more

IDBI Trustee asks Reliance Capital administrator to withdraw allegations of breach of confidentiality

New Delhi, Sep 18 (IANS) IDBI Trusteeship Services has asked the administrator of Reliance Capital (NS:), Nageswara Rao Y. to withdraw the allegations of breach of confidentiality. In a letter to Rao, IDBI Trusteeship Services said the allegations have been made on the basis of a media article which said IDBI Trustee has alleged that … Read more

GIC and Oak Street to Take Store Capital Private in a $14 Billion Deal By

© Reuters. By Senad Karaahmetovic Store Capital (NYSE:), a real estate investment trust headquartered in Arizona, is being taken private by GIC and funds managed by Oak Street in a deal valued at $14 billion. The deal is based on the price of $32.35 per share, which is a premium of 20% compared to STOR’s … Read more

Reliance Capital bidders seek extension of time for submission of binding bids

Mumbai, Sep 11 (IANS) Reliance Capital (NS:) bidders have sought an extension of time for submission of binding bids. According to sources, Piramal Finance has sought extension by 12 weeks, while Advent has sought time till January 30, 2023, i.e., 16 weeks extension for submission of binding bid, as the company has not yet done … Read more