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Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for Rs 643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of Rs 1,339 apiece, taking the deal value to Rs 643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at Rs 1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at Rs 723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of Rs 714 crore in the ...
India and Qatar on Thursday held discussions on ways to boost bilateral trade and strengthen supply chain resilience, which has been disrupted due to the West Asia crisis. The meeting was held between Commerce and Industry Minister Piyush Goyal and Qatari Minister of State for Foreign Trade Affairs Ahmed bin Mohammed Al Sayed. "We discussed ways to further enhance our bilateral trade and investment ties while strengthening supply chain resilience. Looking forward to deepening our strategic partnership in the times ahead," Goyal said in a post on social media. Both had virtual interaction. The bilateral trade between the countries stood at USD 14 billion in 2024-25. Both sides have aimed at doubling it by 2030. They are also looking at negotiating a Comprehensive Economic Partnership Agreement (CEPA). Goyal recently discussed trade and supply chain related issues with trade ministers of other GCC members also. It included Saudi Arabia, the UAE, Bahrain and Kuwait. All these countr
External Affairs Minister S Jaishankar spoke with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Sunday to discuss the West Asia conflict and its impact on global energy supplies. The external affairs minister also held a phone conversation with the Foreign Minister of the United Arab Emirates, Sheikh Abdullah bin Zayed Al Nahyan. Jaishankar's phone conversations with the Qatari prime minister and the UAE foreign minister came amid a spike in tensions in West Asia after US President Donald Trump renewed ultimatum to Tehran, threatening to destroy Iranian power plants and bridges if the Strait of Hormuz is not reopened for shipping. "Had a telecon on the ongoing conflict with PM & FM @MBA_AlThani_of Qatar this evening," Jaishankar said on social media. Al Thani is also Qatar's foreign minister. Following his talks with Al Nahyan, the external affairs minister, without sharing much details, said the evolving situation in West Asia was ...
Qatar said on Sunday six people have been confirmed killed in a Qatari helicopter crash in the Persian Gulf nation's territorial water. The Interior Ministry said one person is still missing from from the crash, which took place the day before. The Defence Ministry blamed "technical malfunction" for the helicopter crash. The Interior Ministry's statement didn't clarify the nationality of the dead or say if they were civilian or military.
Iran's attack this week on Qatar's natural gas export facility threatens to disrupt not just world energy markets but also global technology supply chains because the helium it produces is crucial for a range of advanced industries. The gas that makes party balloons float is a byproduct of natural gas production, and a key input in chipmaking, space rockets and medical imaging. Qatar supplies a third of the world's helium, according to the US Geological Survey, and had to halt production shortly after the war erupted three weeks ago. After repeated Iranian drone attacks on Ras Laffan, the world's largest liquefied natural gas plant, state-owned QatarGas reported "extensive" damage that will take years to repair and cut annual helium exports by 14 per cent.