News
On Monday, Adani Group reassured investors, showcasing cash reserves of ₹55,024 crore ($6.63 billion), sufficient to service debt obligations for 28 months, despite US bribery charges against founder Gautam Adani. The conglomerate plans $100 billion investments over a decade, with internal cash flows expected to cover ₹5.9 lakh crore ($71.2 billion). The group reported ₹83,440 crore ($10 billion) in earnings before interest, tax, depreciation, and amortisation (EBITDA) over the last year, with 87% of profits stemming from its core infrastructure business.