New Delhi, June 4 (IANS) Ola Consumer (formerly known as Ola Cabs) has suffered a sharp valuation cut after funds managed by US investment giant Vanguard Group reduced the fair value of its parent company — ANI Technologies — to just $70 million, as per multiple reports.Reports said that the markdown — based on the firm’s latest filing with the US Securities and Exchange Commission (SEC) — indicated a decline of nearly 99 per cent from the company’s peak valuation of $7.3 billion.The lates…
Latest Moody’s News & Updates
New Delhi, May 17 (IANS): Oil prices in the global market are likely to remain in the high range of $90 to 110 per barrel “as there is little prospect of a swift and durable settlement between the US and Iran and with it the full reopening of the Strait of Hormuz”, according to a Moody’s global report on geopolitical risks.Moody’s said even if safe passage in the Strait were to resume in the next six months, the oil market would remain supply-constrained, with persistently higher and more vola…
Mumbai, Feb 3 (IANS) Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported strong financial performance for the December quarter (Q3 FY26), with consolidated net profit rising 21 per cent year-on-year (YoY) to Rs 3,043 crore. The company had posted a profit of Rs 2,518 crore in the same quarter last financial year (Q3 FY25), according to its stock exchange filing.Revenue for the quarter also saw a sharp increase of 22 per cent, reaching Rs 9,705 crore compared to Rs 7,964 cro…
New Delhi, Jan 1 (IANS) The widely quoted Corruption Perceptions Index, prepared annually by Transparency International, has ranked Pakistan 135 out of 180 countries for 2024, according to an article in the Pakistan media.There is a need to see the change in ranking of Pakistan over the years, as the incidence of corruption has been highlighted in a recent report by the IMF, the article in the financial newspaper Business Recorder said.In 2015, Pakistan was placed at 117 out of 168 countries, eq…