India’s top power producer NTPC Ltd. reported a 5.4% increase in third-quarter profit from a year earlier as rising power demand aided generation.
Nigeria’s efforts to carry out urgent fiscal reforms will face “social and institutional constraints” even after a new president is elected next month, Moody’s Investors Service said in a report.
Bankers involved in the $2.5 billion share sale of India’s Adani Enterprises Ltd. are mulling delaying the sale or cutting the issue price after the conglomerate’s shares plunged on a US short seller’s report, Reuters reported.
Adani Group will release a detailed response to allegations made by US short seller Hindenburg Research only after the completion of a new share sale that’s set to conclude on Jan. 31, according to people familiar with the matter.
More central banks around the world are pausing their tightening campaigns as inflation shows signs of cooling and economies slow down.
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