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[ad_1] Russia, China agree 30-year gas deal via new pipeline, to settle in euros [ad_2] Source link

[ad_1] Three arms of Adani Green Energy Ltd (AGEL) have collectively raised Rs 612.30 crore through their maiden domestic bond issue on private placement basis for debt refinancing. According to a company statement, rated, listed, secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10 lakh each, in multiple series, have an average annualized coupon rate of 7.83 per cent per annum (fixed) and a tenure up to 12 years. It said the proceeds from the NCDs (bonds) will be utilised to part-refinance existing rupee term loan bearing higher interest cost. “Three subsidiaries of AGEL – Adani Green Energy (UP) Ltd, Prayatna Developers Pvt Ltd and Parampujya Solar Energy Pvt Ltd, collectively housing 930 MW of operational solar power projects – have raised Rs 612.30 crore by their maiden domestic bond issuance, on private placement basis,” the statement said. The NCDs are rated AA/Stable by CRISIL and AA(CE)/Stable by India Ratings. The NCDs will be listed on the Wholesale Debt market segment of BSE. “Optimization of the cost of borrowing is key to our capital management program and this transaction reinforces the company’s strategy,” said Vneet S Jaain, MD & CEO of AGEL. “We are encouraged by the robust support from the finance community, which recognises the strength of the company’s business model and our capital management approach. We could manage this fund raising at favourable terms. This puts the company on a more solid platform for long-term growth.” The success of the domestic debt market issue will open up a new source of funding, allowing for more flexibility in capital structure while also lowering interest costs. [ad_2] Source link

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[ad_1] Goldman Sachs expects two ECB rate hikes [ad_2] Source link

[ad_1] Omicron Variant Cases and Deaths in India Live, Covid-19 Booster Vaccine Registration Latest Update, Covid-19 NeoCov Variant Feb 4 Live Updates: The Delhi Disaster Management Authority (DDMA) in its meeting on Friday decided to reopen schools, colleges, coaching institutes, and gyms in Delhi, reports said. Notably, the duration of Delhi night curfew has also been reduced by one hour (between 11 pm and 5 am), as per the reports. ALSO READ — 34 states/UTs witness decline in Covid-19 cases, says Health Ministry Earlier, in a sign of relief, India on Friday reported 13% lower cases than the previous day and the daily positivity rate fell to single digits after hovering for much higher numbers in the recent weeks. As per the daily bulletin by the health ministry, India has recorded 1,49,394 new COVID-19 cases in the last 24 hours. The Covid-19 death toll for yesterday was 1,072 fatalities; while 2,46,674 recoveries were registered across the country. The total number of Covid-19 vaccination doses administered in the country touched the 168.47 crore mark, as per the health ministry bulletin. India Covid-19 Status in last 24 hours:New COVID cases: 1,49,394;Death recorded: 1,072;Recoveries registered: 2,46,674;Active cases: 14,35,569;Daily positivity rate: 9.27% Financial Express Online brings you the latest updates on the coronavirus pandemic [ad_2] Source link

[ad_1] All in a day: Zuckerberg loses $29 billion, Bezos set to pocket $20 billion [ad_2] Source link

[ad_1] America’s relationship with India stands on its own merit and has not been impacted by the ongoing tension with Russia, the Biden administration said. “We have a relationship with India that stands on its own merits,” State Department spokesperson Ned Price told reporters at his daily news conference on Thursday. He was responding to a question if the US ties with India have been impacted due to the tension with Russia over Ukraine crisis. For the second time this week, the State Department spokesperson refrained from responding to questions related to India’s position on Ukraine in the United Nations Security Council. “I will leave it to our Indian partners to discuss their stance in the UN Security on this particular issue,” Price said.“We have been in touch with literally dozens of countries around the world, including our Indian partners, on our concerns regarding Russia’s military buildup and its unprovoked potential aggression against Ukraine,” he maintained.These are conversations that the United States is having at different levels, he said. “As I was saying in a different context earlier, Russian aggression against Ukraine and a Russian invasion of Ukraine would have implications for the security environment well beyond that neighbourhood. Whether it is the PRC or India or countries around the world, the implications would be far-reaching. And I think there is a broad understanding of that,” the official added. [ad_2] Source link

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[ad_1] U.S. warns Russia may stage video as pretext to invade Ukraine [ad_2] Source link