[ad_1] Billionaire Gautam Adani’s group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments (Singapore) Pte. “The businesses Adani is incubating and operating in — ports, airports, rail, logistics — they are real businesses that generate cash,” Vikas Pershad, a […]
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[ad_1] Domestic markets are likely to open lower in Thursday’s trade after the US Federal Reserve hiked interest rates to 75 basis points (bps) by fourth consecutive time, taking the benchmark lending rate to 3.75-4 per cent. At 8:15 am, the SGX Nifty quoted at 17,991 levels, down 91-odd points. Globally, the US markets plunged […]
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