Adani

MakeMyTrip, Adani Airport partner for online duty-free pre-booking services

Adani Airport Holdings Ltd and MakeMyTrip on Monday announced a partnership to enable international travellers browse and pre-book duty-free products on the travel booking platform before departure or arrival at Adani-managed airports. Adani Airport Holdings Limited (AAHL) operates duty-free outlets across Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur and Thiruvananthapuram. Additional services will be introduced in phases, MakeMyTrip stated.

Adani Energy Q4 net profit up marginally at ₹723 cr, income rises 15%

Adani Energy posts marginal Q4 profit growth, with income up 15%, as strong transmission and smart metering businesses drive full-year performance

Adani Enterprises arm sets up three hotels, real estate airport city units

Adani Enterprises Ltd (AEL) said its step-down unit has incorporated three wholly-owned subsidiaries focused on hotel and real estate development as part of its airport city expansion strategy. Adani Airport City Ltd, a step-down wholly-owned subsidiary of the company, has set up Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd and Adani Ahmedabad Airport City Ltd. The new entities will undertake real estate activities including construction, along with hotels featuring integrated restaurants, banquets and business centres, according to a regulatory filing by the company. The newly incorporated entities "shall be engaged in the business of real estate activities with own or leased property, construction of buildings carried out on own - account basis or on a fee or contract basis - hotels with integrated restaurants, banquets and business centres," it said. It however did not elaborate if the plan included construction of hotels within the vicinity of airports it

SEC, Adanis seek extension, propose new briefing schedule in US case

The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses. In a filing before the US District Court for the Eastern District of New York, the parties said they had conferred in line with the court's April 7 directive and agreed on a new timeline, which has been submitted for approval to Judge Nicholas G Garaufis. The SEC had sued Adani Group founder Gautam Adani and his nephew, Sagar, in November 2024, alleging they had misled investors by failing to disclose an alleged bribery scheme tied to Indian state officials, framing the case under US securities laws. Denying all allegations, the two, through their lawyers, on April 7, filed a pre-motion letter ahead of a planned April 30 motion, seeking dismissal of a fraud lawsuit, arguing the case represents an impermissible extraterritorial applicatio

Adani overtakes Ambani to become Asia's richest with $92.6 bn net worth

Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia's richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of USD 92.6 billion, Adani surpassed Ambani, whose fortune stands at USD 90.8 billion, to become the richest person in India and Asia, according to the latest billionaire rankings. Adani, founder of his eponymous group, oversees India's largest private seaport network, is the country's biggest renewable energy producer and private airport operator, and ranks among the world's largest coal traders. He is currently ranked No. 19 on the Bloomberg Billionaires Index, which tracks the world's 500 richest individuals and is updated daily. Adani's wealth is largely derived from his shareholdings across the group's 10 listed companies. A recent surge in Adani Group stocks has added billions of dollars in market value, underscoring strong investor appetite for assets linked to .

US opposes Adani push to shift cargo carriers to new Mumbai airport

US Department of Transportation wrote to India's aviation ministry in March, arguing that Adani Airport Holdings Ltd.'s push to relocate freighters violates the bilateral Air Transport Agreement

US court accepts Adani's plea seeking dismissal of SEC fraud case

The US SEC sued Gautam Adani and his nephew Sagar Adani in November 2024, alleging they misled investors by failing to disclose an alleged bribery scheme involving Indian state officials

Adani seeks dismissal of US SEC fraud case, cites lack of jurisdiction

Lawyers for the Indian billionaire and his nephew Sagar said in a letter to a federal judge that they will formally seek to dismiss the case by the end of the month

Supreme Court declines to halt Adani's ₹14,543 crore JAL resolution plan

Vedanta alleged its higher bid was overlooked, questioned the lenders' decision to back Adani's proposal

Moving to three-layer structure to flatten hierarchy, says Gautam Adani

Gautam Adani says group is redesigning structure to boost agility and decision-making, while APSEZ targets 1 billion tonnes cargo handling by 2030

IndiGo ties up with Adani Airport for airline's loyalty programme

Domestic carrier IndiGo on Monday said it has partnered with Adani Airport Holdings Limited (AAHL) for the airline's loyalty programme, BlueChip for duty-free shopping at AAHL-managed airports in the country. Under the partnership, members can earn five IndiGo BluChips for every Rs 100 spent on duty-free products pre-booked through the Adani platform. Travellers can browse, reserve and pay for products online before departure and collect their purchases conveniently at the airport, it said. AAHL operates eight airports at Mumbai, Navi Mumbai, Thiruvananthapuram, Guwahati, Jaipur, Mangaluru, Lucknow and Ahmedabad. Duty-free stores under the programme are available at airports in Mumbai, Ahmedabad, Thiruvananthapuram, Jaipur, Mangaluru and Lucknow, with expansion planned at Lokapriya Gopinath Bardoloi International Airport (LGBIA) in Guwahati and the newly operational Navi Mumbai International Airport (NMIA), it said.

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

Norway's sovereign wealth fund drops Adani Green Energy from its portfolio

Norway's USD 1.2 trillion sovereign wealth fund, the world's largest, has decided to exclude Adani Green Energy Ltd (AGEL) from its portfolio due to concern about its alleged links to financial crime. Norges Bank, which had in May 2024 excluded Adani Ports and Special Economic Zone Ltd, on its website added AGEL to the list of companies that it has decided to exclude from its portfolio. It cited "gross corruption or other serious financial crime" as the criterion for its decision but gave no explanation. When Norges Bank first bought AGEL shares in July 2020, the share price was Rs 341. Today it is Rs 944. While AGEL did not immediately offer any comments, industry officials said a fossil fuel funded sovereign fund is trying to create a narrative against a renewable company. Norges Bank Investment Management, the entity managing the Norwegian sovereign wealth fund, had previously excluded Indian blue chip firms like Oil and Natural Gas Corporation (ONGC), Coal India, Bharat ...

Odisha okays projects worth ₹44,200 cr, including Adani's hydropower plant

The Odisha government has approved 10 major industrial projects to the tune of Rs 44,200 crore, including Adani Group's pumped storage hydropower plant and a key semiconductor chip unit, officials said. The approvals were granted at a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi on Saturday evening. These projects are expected to generate employment for 8,765 people across eight districts, including Khurda, Koraput, Kalahandi, Malkangiri, Dhenkanal, Puri, Nayagarh, and Deogarh, the officials said. The initiatives span critical sectors such as rare earth manufacturing, semiconductors, cement, automobile and auto-components, telecom infrastructure, and renewable energy, they said. Majhi emphasised his government's commitment to not just attracting investments, but ensuring their timely materialisation. "Approvals must translate into construction and production within predictable timelines. Through coordinated action, we are strengthening

Adani Aerospace, Embraer eye final assembly line for E175 jets in India

Adani Defence & Aerospace and Brazilian major Embraer plan to set up a final assembly line in India for the E175 regional jets. In this regard, both companies' officials exchanged an enhanced Memorandum of Understanding (MoU) in the presence of Brazil's President Luiz Inacio Lula da Silva and Union Commerce & Industry Minister Piyush Goyal in the national capital on Saturday. The development follows the two companies announcing a strategic collaboration on January 27. The advancement from the initial MoU signed in January represents a significant step forward and forms part of a broader roadmap to develop an integrated RTA (Regional Transport Aircraft) ecosystem in India, a release said on Saturday. "The industrial partnership will aim to establish an ecosystem for the E175. "Both companies are already working together to progress all aspects of the MoU, including opportunities in aircraft manufacturing, supply chain, aftermarket services, and pilot training, and securing ...

Adani Group plans to invest $100 bn in AI-ready data centres by 2035

The planned data centres will include dedicated computing capacity for Indian large language models (LLMs) and other national data projects

Journalist Ravi Nair sentenced to one year in jail in Adani defamation case

The magistrate court in Mansa, Gandhinagar, has convicted journalist Ravi Nair in a criminal defamation case and sentenced him to a year's imprisonment and imposed a fine. The case followed a complaint filed by Adani Enterprises Ltd (AEL), the Adani Group's flagship company, alleging that Ravi Nair published and disseminated a series of tweets containing false and defamatory statements intended to damage the reputation of AEL and the Adani Group. AEL argued that the impugned tweets did not amount to fair comment or legitimate criticism but were designed to undermine the credibility of the company in the eyes of the public and investors. After a full-fledged trial, the court held that AEL had successfully established its case and found Ravi Nair guilty of criminal defamation. The court convicted Ravi Nair and sentenced him to one year's imprisonment and imposed a fine. Nair could not be immediately reached for comments.

Japanese banks lead $750 million financing for Adani Energy amid India push

The financing highlights Japanese firms' bid to capture a slice of the world's fastest-growing economy, particularly in financial services, as they seek growth and yield beyond their home market

Adani Group plans ₹70,000 crore push to deepen footprint in Vidarbha

The Gautam Adani-led Adani Group plans to invest ₹70,000 crore across energy, logistics and airport infrastructure in Vidarbha, reinforcing its long-term commitment to Maharashtra's industrial and eco

Consumption story of staples is making a comeback: AWL Agri executives

AWL Agri targets 7-8% edible oil volume growth, banks on capacity expansion and a demand recovery led by rural markets and staples consumption