Page 10 - Adani Group

US SEC asks India to help serve notice to Gautam, Sagar Adani in fraud case

In November 2024, US SEC alleged Gautam Adani and nephew Sagar Adani paid or promised bribes to secure Indian state energy contracts for 'Manufacturing Linked Projects'

SEC informs US court of progress in serving legal documents in Adani case

The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no ...

Adani Defence to acquire 100% stake in Indamer Technics in MRO growth bid

The investment will be made through Horizon Aero Solutions Limited, a 50-50 joint venture between Adani Defence & Aerospace and Prime Aero, which is owned by Prajay Patel, director of Indamer Technics

With ₹20,000 cr plan, Adani eyes global-style airport business hubs

Adani Airports to invest ₹20,000 crore in city-side projects, with 70 per cent of the funds allocated to Mumbai and Navi Mumbai airports as part of its multi-phase expansion strategy

Adani Group stocks trade weak; Adani Green, Power, Enterprises down upto 3%

In past one month, select Adani Group stocks have underperformed the market by falling up to 12 per cent, as against 4 per cent decline in BSE Sensex.

Adani Power receives LoI for 2,400 MW thermal plant in Bihar's Bhagalpur

The company will supply power from a greenfield 3x800 MW Ultra-supercritical thermal power plant, to be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model

Adani Group denies report of battery tie-up with China's BYD, Welion

The statement came after Bloomberg reported that the Gautam Adani-led conglomerate was exploring a partnership with BYD to manufacture batteries in India as part of its clean energy expansion

PSP Projects tanks 17%, hits over 2-month low on heavy volumes; here's why

In Q1, PSP Projects reported weak earnings due to a decline in revenue given the labour shortages and delays in project execution

Adani group announces $10 bn investment in Vietnam's growing economy

Adani Group pledges up to $10 billion in Vietnam, focusing on infrastructure, energy, seaports, airports, logistics, and digital technology as part of its Southeast Asia expansion

Adani Enterprises Q1 net falls 50% to ₹734 crore; airport EBITDA up 61%

While overall profit and revenue declined in Q1 FY26, Adani Enterprises saw strong airport earnings and reaffirmed commitment to long-term infra investments

Orient Cement shares rally 6% after multi-fold Q1 profit jump; details here

Orient Cement shares rose over 6 per cent after the company posted a multi-fold jump in the June quarter net profit

Adani Ports, 2 others vie to build 174-acre logistics park in Greater Noida

Adani Ports, Super Handlers, and Empezar Logistics are eyeing to build a 174-acre logistics park in Greater Noida, which is expected to attract an investment of ₹1,200 crore

Reliance, Adani, Mahindra among top firms in ₹60k cr govt ITI upgrade plan

The Ministry of Skill Development and Entrepreneurship plans to modernise 1,000 ITIs, train two million youth in five years, and align vocational education with industry needs in a hub-and-spoke model

NCLT approves merger of AEL's Adani Cementation with Ambuja Cements

Strap: The scheme is set to take effect from April 1, 2024, once all steps in the merger agreement are completed, as stated in the 70-page NCLT order

Smallcap stock hits 12-year high, surges 44% in 7 days. Do you own?

Shares of Jaiprakash Power Ventures hit a multi-year high of ₹26.81, as they surged 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market.

Delhi, Mumbai flyers may face higher charges as GMR, Adani win tariff case

A tribunal has allowed GMR and Adani Airport to include non-aero revenue in tariff model, boosting earnings at Delhi and Mumbai airports; flyers and airlines may face higher charges as a result

In defence of short-sellers: Key to a balanced and functional market

Successful traders who use WSB and publicly announce their positions along with the rationale have inspired millions of followers who enthusiastically mirror their trades

Adani Green Energy's operational renewable capacity rises 45% to 15,816 MW

Adani Green Energy Ltd on Friday said its operational renewable energy generation capacity rose 45 per cent to 15,816 MW during June quarter as compared to the year-ago period. It had an operational RE capacity of 10,934 MW in April-June 2024, a regulatory filing said. The 15,816 MW RE capacity includes 11,156 MW solar, 1,986 MW wind and 2,674 MW hybrid renewables. The sale of renewable energy rose 42 per cent to 10,479 million units (MUs) in the quarter from 7,356 MUs in the same period a year ago. The company has already met the 31 per cent or 6,138 MUs of its total committed generation of 19,667 MW (annual commitment as per power purchase agreements) in June quarter only. It operationalised 3,763 MW of solar, 585 MW wind and 534 MW hybrid renewable capacity and added greenfield RE capacity of 1.6 GW in the quarter. The company is aiming 50 GW renewable portfolio by 2030.

Gautam Adani announces ₹60,000 cr investment for healthcare 'revolution'

Starting with Mumbai and Ahmedabad, group to build 1,000-bed hospitals designed by US-based Mayo Clinic

Adani Group close to acquiring Jaiprakash Associates, makes ₹12,000 cr bid

With a cash payout of ₹3,500 crore, the Adani Group is leading the race to acquire Jaiprakash Associates. The offer also includes retaining ₹890 crore within the company after its acquisition