Indian and foreign lenders have significantly increased their exposure to the Adani group over the past 12-15 months, betting on its infrastructure play consisting of cash flow generating real assets. The exposure of Indian lenders has risen over 50 per cent to over ₹1.3 lakh crore, while that of foreign banks has risen 16 per cent to ₹71,744 crore. Domestic lenders’ share in the total debt has risen to over 50 per cent now from 40 per cent last year.This comes at a time when billionaire founder of the grou ...

The Chartered Institute of Management Accountants (CIMA) has put forward a series of policy suggestions to John KC Lee, chief executive of the Government of the Hong Kong Special Administrative Region. These recommendations are designed to bolster Hong Kong's position as a “premier” financial centre and to stimulate “long-term economic growth”. CIMA's policy framework aims to leverage Hong Kong's status as an “international gateway”. The institute recommends the development of policies that underscore t ...

Group 1: Flotek Industries (FTK) - Flotek Industries develops and delivers prescriptive chemistry-based technology, including specialty chemicals, for clients in the energy, consumer industrials, and food & beverage industries [1] - The company has a Zacks Rank of 1 (Strong Buy) and the Zacks Consensus Estimate for its current year earnings has increased by 12.8% over the last 60 days [1] - Flotek Industries' shares gained 103.4% over the last three months, significantly outperforming the S&P 500's gain of 2.7% [2] Group 2: Harmony Gold (HMY) - Harmony Gold conducts underground and surface gold mining [2] - The company also holds a Zacks Rank of 1 and the Zacks Consensus Estimate for its current year earnings has increased by 3.7% over the last 60 days [2] - Harmony Gold's shares gained 47.8% over the last three months, again outperforming the S&P 500's gain of 2.7% [3] Group 3: Ferrovial SE (FER) - Ferrovial SE is an infrastructure company based in Amsterdam [3] - The company has a Zacks Rank of 1 and the Zacks Consensus Estimate for its current year earnings has increased by 11.2% over the last 60 days [3] - Ferrovial SE's shares gained 17.7% over the last three months, also outperforming the S&P 500's gain of 2.7% [3]