Page 21 - Adani Group

Stocks to Watch, Dec 9: GCPL, IndiGo, M&M, CEAT, Bajaj Auto, Paytm, SBI

Stocks to Watch, Dec 9: Here is a list of stocks from Adani group shares to GCPL that will remain in focus today

Kerala open to discuss new projects with Adani group: State min P Rajeev

Kerala is not averse to discussing any new project with the Adani group and will do so only if there is a "win-win" situation which benefits the people of the state as well, a senior state minister has said. However, the southern state is not keen to have any big industries which will cause pollution and ecological damage, P Rajeev, the Minister of Law, Industries and Coir, told PTI. The comments from the minister come even as there seems to be some unease among southern states when it comes to dealing with the Adani group, especially after the second richest Indian Gautam Adani and others faced charges of bribing officials to secure contracts. Rajeev said Kerala has a big investment from the Adani group in the Vizhinjam Seaport near its capital Thiruvananthapuram and added that the current government decided to go ahead with the project signed by the predecessors only because the benefits accrued to the state and its people through the ambitious transshipment port. He also clarifi

Adani's solar contract has lower tariff, can find new buyer: Analysts

Adani Group's solar power contract, which is at the centre of bribery allegations, has tariffs that are lower than competition and can find new buyers in case the pact is cancelled, according to analysts. US authorities have charged Adani Group Founder-Chairman Gautam Adani and others for being part of a scheme to offer USD 265 million bribe to Indian officials to gain a contract to supply 8 gigawatt of electricity generated from solar energy by Adani Green Energy Ltd (AGEL). The group has denied all charges. "If Adani promoters are found guilty, we believe the size of potential penalty is manageable given it is up to three times the value of the bribe," Nomura said in a report. The brokerage said there are about 1.8 GW solar projects commissioned in Gujarat from February-March 2024, with tariff of Rs 2.42 per unit under the 25-year power purchase agreements (PPAs). These operational projects are running under 5 special purpose vehicles, namely Adani Green Energy Twenty Four A Ltd

JP Morgan sees no signs of stress across key Adani Group entities

Global brokerage gives 'overweight' rating to four Adani Group bonds, but sounds a note of caution on a bond issued by Adani Green Energy

US State Department, 'deep state' trying to destabilise India: BJP on OCCRP

Congress has used OCCRP articles on Adani Group to criticise Prime Minister Narendra Modi, alleges BJP

JP Morgan gives 'overweight' rating to 4 Adani bonds on growth capability

US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd. JP Morgan gives three kinds of ratings for bonds - 'Overweight' rating which falls into a buy rating category; Neutral rating which falls into a hold rating category; and 'Underweight' which rating falls into a sell rating category. Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges, successful refinancing of the upcoming ...

PM Modi can't get Adani investigated, says Rahul as Oppn protests in Parl

Opposition MPs wore jackets symbolising their protest over the Adani issue which mentioned: 'Modi Adani Ek Hai, Adani safe hai'

Adani allegations underline the need for strong governance in India

A swift response from the Indian regulatory system will be crucial to prevent delays in India's strategic progress

Adani Defence delivers 2nd Drishti-10 Starliner surveillance drone to Navy

Adani Defence and Aerospace has delivered a second Drishti-10 Starliner surveillance drone to the Indian Navy, boosting India's maritime forces' capabilities to monitor shipping lines and mitigate piracy risks. Following the handover of the first Drishti-10 to the Indian Navy earlier this year, the induction of the second unmanned aerial vehicles (UAV), a version of the Israel's Hermes 900 medium-altitude long-endurance UAV, into naval maritime operations was initiated at Porbandar in Gujarat, sources aware of the matter said. Drishti 10 Starliner drone, manufactured by Adani Defence and Aerospace, a part of the conglomerate helmed by billionaire Gautam Adani, at its Hyderabad facility, is an advanced intelligence, surveillance, and reconnaissance (ISR) platform with 36 hours endurance and 450 kg payload capacity. The only all-weather military platform, with NATO's STANAG 4671 (standardized agreement 4671) certification for the UAV system's airworthiness, is cleared to fly in both .

Stocks to Watch, Dec 4: Swiggy, Adani Group shares, Vedanta, GMR Airports

Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today

Adani Ports up 6% on healthy volume guidance; Motilal reiterates BUY call

Motilal Oswal Financial Services believes that the company is very well placed to continue to outpace industry growth and gain market share.

Adani Energy Solutions preferred bidder for HVDC transmission project

Roughly Rs 25,000 crore bid poised to be company's largest order win ever

Adani Group firms' balance sheet improved in 2 years; debt rose: Bernstein

Debt burden primarily on Adani Enterprises; group's cash reserve has increased 75% since March 2023

INDIA bloc MPs protest over Adani issue, demand joint parliamentary probe

MPs of several INDIA bloc parties protested on the Parliament premises on Tuesday over the Adani issue and reiterated their demand for a joint parliamentary probe into the matter. MPs of the Congress, AAP, RJD, Shiv Sena (UBT), DMK and the Left parties among others raised slogans against Prime Minister Narendra Modi and demanded accountability. Leader of Opposition in the Lok Sabha Rahul Gandhi, AAP's Sanjay Singh, RJD's Misa Bharti and Shiv Sena (UBT)'s Arvind Sawant also participated in the protest on the steps leading to the Parliament's Makar Dwar. The Congress and some other opposition have been demanding a joint parliamentary committee probe following the indictment by US prosecutors of Adani Group chairperson Gautam Adani and other company officials on bribery and fraud charges. With billionaire Adani charged in the US with alleged bribery and fraud, the Congress has said it "vindicates" its demand for a joint parliamentary committee investigation into the various "scams" ..

Adani-linked firms file settlement bids in Sebi's public shareholding probe

Adani-linked individuals, including Vinay Prakash, a director at Adani Enterprises, and Ameet Desai, a director at Ambuja Cements, have each offered Rs 3 lakh to settle the case

Bangladesh halves power buying from Adani Power amid payment dispute

An Adani Power spokesperson said the firm was continuing supply to Bangladesh, although mounting dues were a significant concern, making plant operations unsustainable

Adani investor GQG's shares down by 13% after analyst downgrades stock

Swiss bank UBS downgraded GQG's stock rating from 'buy' to 'neutral' on Monday and reduced its price target from A$3.30 to A$2.30

Congress MP Manickam Tagore moves adjournment notice to discuss Adani issue

Tagore, the whip of the Congress party in Lok Sabha, accused the Union government of not initiating an investigation into the Adani Group despite evidence and international scrutiny

Bangladesh wants to renegotiate Adani Power deal unless court cancels

The deal was signed in 2017 by Adani and a government entity under Prime Minister Sheikh Hasina, who was ousted this year amid a popular uprising and accusations of widespread corruption

In scrutiny, you must find the courage to challenge the status quo: Adani

Adani acknowledged the scrutiny faced by his group in recent years, citing challenges such as the coal mine resistance in Australia and allegations of compliance issues in the US