Business
Adani Green raises $288 mn construction facility, increases construction revolver pool to $1.64bn

Adani Green Energy Ltd (AGEL) has extended its Construction Financing Framework to $1.64 billion by raising a $288 million facility for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders.
The facility will initially finance the 450 MW hybrid portfolio of solar and wind renewable projects that AGEL is setting up in Rajasthan, India. In March 2021, AGEL had closed a $1.35 billion construction revolver facility in one of Asia’s largest project financing deals.
According to the definitive agreements, seven international banks – BNP Paribas, Coöperatieve Rabobank, Intesa Sanpaolo, MUFG Bank, Societe Generale, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation – committed for the facility which is a certified green hybrid project loan.
The extended pool of liquidity strengthens AGEL’s strategy to fast-track the development of its under-construction asset portfolio in sync with accelerating the energy transition.
“The construction facility is the key ingredient of AGEL’s capital management plan, enabling us to deliver on our focus on decarbonising power generation” said Mr Vneet S Jaain, MD & CEO, AGEL.
“We are committed to sustainable growth and to catalyzing energy transition. AGEL has set a target of achieving 45 GW renewable energy capacity by 2030, representing 10 per cent of the Govt of India’s 450GW countrywide renewable energy target. Our development agenda is in sync with overall capital stewardship maintained through our capital management philosophy focused on sustainable growth.”
Underpinning AGEL’s infrastructure development is the project excellence framework that follows the highest standard of due diligence covering all international standard Environment, Social and Governance (ESG) aspects. AGEL is committed to the UN Sustainable Development Goals (SDGs) and has incorporated them into the Strategic Pillars of its ESG Strategy. AGEL’s sustainability roadmap is aligned with the goals of ensuring universal access to affordable, reliable and modern energy services and to substantially increasing the share of renewable energy in the global energy mix.
The Facility is also certified by Second Party Opinion provider ISS ESG based on AGEL’s sustainable strategy, alignment with Green Loan Principles and sustainability quality of the asset pool, with ‘very high’ transparency standards and significant contributions to SDG 7 (affordable and clean energy) and SDG 13 (climate action). As per the assessment, AGEL shows a high sustainability performance on key ESG issues in the Renewable Energy industry, representing the highest relative ESG performance.
Standard Chartered Bank acted as Mandated Lead Arranger, Bookrunner (MLAB), Documentation Bank and E&S Co-Ordinator bank. MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation acted as MLABs, jointly acted as Co-Technical Advisors and Co-Green Loan Advisors. Further, BNP Paribas, Coöperatieve Rabobank U.A., Intesa Sanpaolo S.p.A. and Societe Generale each acted as MLABs for the Facility.
Among other partners, Latham & Watkins LLP and Saraf & Partners were the borrower’s counsel. The lenders’ counsel were Linklaters and Cyril Amarchand Mangaldas.
Business
Sensex crosses 81,000 Mark, Nifty Jumps 157 Points On Strong Metal & Auto Stocks

Mumbai: The Indian stock market ended Monday on a strong note, with the BSE Sensex rising 418.81 points (0.52%) to close at 81,018.72, crossing the key 81,000 mark. During the day, it touched a high of 81,093.19. The NSE Nifty also surged by 157.40 points (0.64%) to end at 24,722.75, after hitting an intraday high of 24,734.65.
Top gainers and losers
Among major gainers on the Sensex were Tata Steel, BEL, Adani Ports, TCS, Tech Mahindra, Bharti Airtel, HCL Tech, Trent, M&M, Reliance Industries, UltraTech Cement and L&T.
On the flip side, Power Grid, HDFC Bank, ICICI Bank, and Hindustan Unilever ended the session with losses.
Why the market rallied
The market’s rally was mainly driven by strong performances in the metal and auto sectors. According to experts, a weakening US dollar, strong auto sales, and positive Q1 results from key companies helped boost investor confidence.
Vinod Nair, Head of Research at Geojit Financial Services, said,
“Consumption-driven companies are showing recovery in volume demand. Also, weak US job data may lead to interest rate cuts by the Federal Reserve.”
Global cues positive
Asian markets mostly ended in the green with Hong Kong, South Korea, and China posting gains. However, Japan’s Nikkei closed in red.
European markets were trading positively, while US markets had ended lower on Friday.
Oil prices also slipped, with Brent crude falling 1.15% to USD 68.87 per barrel.
Meanwhile, Foreign Institutional Investors (FIIs) sold shares worth Rs 3,366.40 crore on Friday, as per exchange data.
Business
India Lost ₹22,842 Crore To Cybercriminals & Fraudsters In 2024: DataLEADS

India lost Rs 22,842 crore to cybercriminals and fraudsters in 2024, DataLEADS, a Delhi-based media and tech company, said in its report on widespread digital financial frauds in the country. The amount stolen by digital criminals and fraudsters last year was nearly three times more than the Rs 7,465 crore in 2023 and almost 10 times more than the Rs 2,306 in 2022, DataLEADS said in ‘Contours of Cybercrime: Persistent and Emerging Risk of Online Financial Frauds and Deepfakes in India.
Prediction For Cyber-Crime Frauds
The Indian Cybercrime Coordination Centre, I4C, a federal agency that liaises between state and central law enforcement, predicts Indians will lose over Rs 1.2 lakh crore this year. The number of cybercrime complaints has spiked similarly; nearly twenty lakh were reported in 2024, up from around 15.6 lakh the year before and ten times more than were logged in 2019.
The surge in the number of cybercrime complaints and the volume of money lost points to one inescapable conclusion – India’s digital crooks are getting smarter and more efficient, and, in a country with a staggering nearly 290 lakh unemployed people, their ranks are increasing.
Bank-related frauds have increased dramatically; the Reserve Bank of India reported a nearly eightfold jump in the first half of FY 2025/26 compared to the same period last year. And the amount of money lost was staggering – Rs 2,623 crore to Rs 21,367 crore. Private sector banks accounted for nearly 60 per cent of all such incidents. But it was customers in public sector banks who were worst-hit; they lost Rs 25,667 crore in all.
Why have these numbers jumped so much over the past three years?
Because of the increased use of digital payment modes – i.e., smartphone-enabled services like Paytm and PhonePe – and the sharing and processing of financial details online – via (what many believe are encrypted and fail-safe) messaging platforms like WhatsApp and Telegram.
Federal data says there were over 190 lakh UPI, or unified payment interface, transactions in June 2025 alone, and these were worth a combined Rs 24.03 lakh crore. Digital payments’ value has grown from roughly Rs 162 crore in 2013 to Rs 18,120.82 crore in January 2025, and India accounts for nearly half of all such payments worldwide.
COVID-19
Much of this increase can be attributed to the pandemic and the subsequent lockdowns.
During COVID-19, the government pushed for a switch to UPI apps like Paytm to ensure social distancing and minimise contact with currency notes, via which the virus could be transmitted.
Digital Payment Tools In Rural Areas
The government also reasoned that digital payment tools would ensure greater penetration of financial services, particularly in rural areas. By 2019, India already had 440 million smartphone users and data rates were among the cheapest in the world – 1 GB cost Rs 200, or less than $3.
Insurance sector scams were also common. These included life, health, vehicle, and general, and are becoming an increasingly lucrative option for cybercriminals, particularly as insurance companies urge customers to opt for app-based services.
Business
Mukesh Ambani Planning To Introduce ₹52,200 Crore Worth IPO, Reliance To List Jio Infocomm In Stock Market

Reliance Industries Limited (RIL), led by the country’s richest man Mukesh Ambani, is planning to bring the biggest IPO ever. RIL is preparing to list its telecom business, Jio Infocomm, in the stock market. This IPO can be worth Rs 52,200 crore (about $6 billion).
Reliance Starts Informal Talks With SEBI
According to a Bloomberg report, Reliance has started informal talks with the Securities and Exchange Board of India (SEBI) to get approval to sell just 5% stake in Jio. If this approval is received, this IPO will break the record of Hyundai Motor India’s Rs 28,000 crore IPO.
Actually, under the current rules of SEBI, companies have to sell at least a 25% stake for public float. But Reliance has told SEBI that the Indian market does not have the capacity to bear such a big offer. Therefore, the company is seeking an exemption to sell 5% stake.
When Will The IPO Launch?
According to Bloomberg sources, this IPO can be launched in the early months of next year, although its size and timing will depend on the market situation. If this plan is successful, it will be the country’s largest IPO.
Jio’s IPO will give an opportunity to big foreign investors like Meta Platforms and Alphabet Inc. (Google) to sell their stake. In 2020, both these companies invested more than $20 billion in Jio Platforms. During this period, Jio’s valuation was $58 billion.
Which Other Investors Have Invested In Jio?
Apart from this, investors like KKR, General Atlantic, and Abu Dhabi Investment Authority have also invested heavily in Jio. Market experts say that Jio’s valuation can be more than $100 billion. However, Reliance wants to increase its income and subscriber base further before the IPO so that the valuation can be increased further.
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