While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus
In a boost to the Indian Army's firepower, a defence major on Saturday delivered the first batch of 2,000 'Prahar', light machine guns (LMGs), manufactured under the 'Make in India' initiative. The 7.62 mm-calibre weapon has been manufactured by Adani Defence and Aerospace at its Small Arms Complex located on the outskirts of Gwalior. A ceremony was held on its premises on Saturday to hand over the LMGs to the Army, which was attended by A Anbarasu, DG Acquisition, Ministry of Defence, Ashish Rajvanshi, CEO of Adani Defence and Aerospace, and other senior officials of the private firm. Anbarasu later flagged off a series of trucks carrying the first batch of the LMGs meant for the Army. Interacting with reporters after the flagging off, Rajvanshi said, "The journey that has begun today took us six years, starting from bid submission, and we have delivered it 11 months ahead of schedule." "The original timeline, which was given to us by the customer, was over seven years, but I can
NCLAT allowed Adani Enterprises' JAL resolution plan to proceed while refusing interim relief to Vedanta, with execution subject to final outcome of the appeal
The NCLAT agreed to hear the matter and sought responses from the Committee of Creditors (CoC) within a week
Share price of Adani Enterprises hit a 52-week low of ₹1,827.85, down 5% in Monday's intra-day trade, thus quoting close to its rights issue price of ₹1,800 per share.
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT's approval to Adani Group's bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd. On March 17, the National Company Law Tribunal (NCLT), Allahabad bench, approved Adani Enterprises Ltd's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL) through the insolvency process. In a regulatory filing, JAL had informed that the NCLT, Allahabad bench, has "orally pronounced an order on March 17, 2026" approving the resolution plan submitted by Adani Enterprises Ltd. Now, mining giant Vadanta has filed an appeal against the said NCLT order before the appellate insolvency tribunal NCLAT. The matter is listed for hearing on Monday .
Five-year agreement to enable joint research, student and faculty exchange, and academic programmes across institutions
Kunal Kamble, technical analyst at Bonanza expects Adani Power to test ₹200 on the upside in the long-term, and Adani Energy Solutions to test ₹1,400 levels.
NCLT approves Adani Enterprises' Rs 15,000 crore resolution plan for Jaiprakash Associates, dismissing Vedanta's objections and paving the way for takeover
Adani Power stock was trading at ₹151.35, up by 3.3 per cent from the previous session's close of ₹146.57
Even as tensions stemming from the West Asia crisis unsettle global markets, investors have shown little willingness to part with Adani Group's dollar bonds, despite a buyback by its ports arm, Adani Ports and Special Economic Zone Ltd (APSEZ). On March 12, APSEZ, India's largest private port operator, completed a cash tender offer to repurchase parts of two series of US dollar-denominated senior notes, trimming its outstanding debt by about USD 199.5 million, people with direct knowledge of the matter said. The offer covered up to USD 345.1 million of 4 per cent notes due in 2027 and USD 150 million of 3.10 per cent notes due in 2031, suggesting a potential buyback of roughly USD 495 million. Yet bondholders offered back far less than that. APSEZ eventually accepted USD 102.1 million of the 2027 notes and USD 97.5 million of the 2031 notes, they said. In effect, more than 60 per cent of investors chose to keep their bonds, declining the opportunity to exit through the tender ...
Market strategist Anand James of Geojit highlights that in the past ATGL stock reversed sharply after crossing the 200-DMA, therefore, one should be cautiously positive with a stop at ₹580.
Adani Total Gas said the supply disruption has affected deliveries to certain industrial consumers as suppliers reduced gas availability amid the evolving geopolitical situation.
Marking International Women's Day, Adani Group chairman Gautam Adani on Sunday paid tribute to the women who shaped his life and journey, saying the foundations of his success were built on the strength, values and support he drew from family. Writing on LinkedIn, he reflected on the influence of his mother Shantaben Adani, recalling how stories from Indian epics such as the Ramayana during his childhood instilled values of courage, sacrifice and duty. He said he later understood the depth of those lessons when, at the age of 16, he left home for Mumbai to build his own career, recalling the strength it must have taken for his mother to allow him to step into an uncertain future. Adani also acknowledged the role of his wife Priti Adani, who left a career in dentistry to lead the Adani Foundation, which he said now works across 22 states in India in areas including education, healthcare and livelihoods and has touched more than 10 million lives. He praised daughters-in-law Paridhi .
AWL Agri has cracked 80% from its peak, and registered 16 new life-time lows this year, after the stock dipped below its listing day low on Jan 9. The previous record low was ₹227, hit on Feb 8, 2022.
JM Financial assigned a 'Buy' rating on Adani Energy and a target price of ₹1,199, an upside of 23 per cent from Monday's closing price
Reliance Industries, Adani, Google, Lightspeed Ventures and Tata are among the top investors that cumulatively made commitment of USD 240 billion investment in India during the India AI Impact Summit 2026, an official statement said on Monday. The number released by the government shows that the India AI Impact Summit 2026, held from Feb 16-21, was the biggest AI event held till date, with approximately 6 lakh attendees in person, delegations from more than 100 countries and 20 international organisations participated in the proceedings. Over USD 200 billion in AI-related investments are expected across infrastructure, foundation models, hardware and applications. The India AI Impact Summit Declaration was endorsed by 92 countries and international organisations. The New Delhi Frontier AI Impact Commitments were announced by 13 leading global and Indian frontier model developers to promote trustworthy and inclusive AI deployment. According to the statement, Reliance Industries pled
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 Ports and Special Economic Zone Limited (APSEZ), through its subsidiary Adani Gangavaram Port Ltd, has signed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to develop an integrated iron ore blending facility and dedicated Special Economic Zone (SEZ) at Gangavaram Port. The MoU was signed at the India-Brazil Business Forum Summit in New Delhi during the official visit of Brazilian President Luiz Inacio Lula da Silva, the company said in a statement. Under the agreement, the three parties will jointly develop, operationalise and manage an SEZ-based ecosystem for blending, value addition and commercialisation of iron ore. The initiative is aimed at strengthening the iron ore export value chain on India's East Coast by improving efficiency, scale and global competitiveness in mineral processing and trade. With the proposed development, the capacity of Gangavaram Port is expected to increase to 75 million tonnes, positioning it as a major export hub for iron ore
Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a memorandum of understanding with France's Port of Marseille Fos to deepen cooperation on trade facilitation, port innovation and energy transition, strengthening connectivity along the IndiaMiddle EastEurope Economic Corridor (IMEC). The initial pact proposes the creation of an IMEC Ports Club to enhance coordination among key ports along the IMEC route and reinforce connectivity between India and the European Union. The development completes the IMEC pathway for India-EU trade, boosted by the Free Trade Agreement between India and the EU, termed "the mother of all deals" by Prime Minister Narendra Modi. The MoU was signed during the visit of French President Emmanuel Macron, aligning the expanding India-France strategic partnership with the broader IMEC and India-EU trade vision, APSEZ said in a statement. Launched at the 2023 G20 Summit in New Delhi, IMEC is a 6,000-km multimodal connectivity initiative linking India a