Adani Enterprises plans to raise up to ₹25,000 crore via a rights issue to fund debt repayment and capital expenditure, primarily in its airport business. The company reported an 84% year-on-year net profit increase to ₹3,199 crore for the September quarter, boosted by an exceptional gain from a stake sale in Adani Wilmar.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian