Adani Enterprises Ltd (AEL) on Wednesday reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, writes T N Ninan
For each fuel, Adani is planning to reach out to different sets of buyers
Realty firm Omaxe Ltd on Monday announced the appointment of Sunil Goel, brother of its chairman and MD Rohtas Goel, as additional director (executive), signalling a truce between the warring brothers
The target now pits the port-to-power behemoth against global giants
The Nifty Metal index skidded 2.5 per cent
Oil Marketing Companies may be on investor radar today after Finance Minister Nirmala Sitharaman said on Monday that the Centre had little room to cut excise duty on petrol and diesel
The deal is subject to customary regulatory and lender approvals and is expected to close in the third quarter of 2021-22
On August 2, Adani Wilmar, a 50:50 joint venture company between the Adani group and the Wilmar group filed draft papers for Rs 4,500 crore-IPO with Sebi.
The company's topline more than doubled in the period under review to Rs 12,579 crore from Rs 5,265 crore in the corresponding period last year
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.
Glass Lewis has recommended shareholders vote against reelection of a member of Adani Enterprises' risk committee after a court criticised "unconscionable conduct" in its Australian port business
In a letter to Adani Enterprises investors, Gautam Adani said group is in sync with India's goal of becoming world's top renewable players, group itself aims to be world's largest solar power producer
Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE
While Adani Enterprises shares went up by 8.76% to close at Rs 1487.85 a share, APSEZ stock was up by 7.39% to close at Rs 694.60
NSDL has already clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani group shares - are 'active' and not frozen
Shares of Adani's firms nosedived Monday after a local media report said accounts of these funds - owning about $6 billion of shares across the conglomerate - were frozen by NSDL
Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative