Page 21 - Adani Group

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

Reliance leads Wizikey media visibility rankings for 2024 among listed cos

Reliance Industries - India's largest corporate by revenues, profits, market value and social impact - topped the 2024 Wizikey News Score ranking as India's most visible corporate in the media, the AI-powered media intelligence firm said. Reliance's visibility across media is significantly higher than even the leading FMCG or banking and finance companies in India. Reliance scored 97.43 out of 100 on the News Score for 2024. It was 96.46 in 2023, 92.56 in 2022, and 84.9 in 2021, showing consistent growth year after year while being number one throughout. The Wizikey's News Score is determined by the volume of news, headline presence, reach of publications, and readership. Reliance has continued to top the Wizikey News Score annual rankings since its inception for each of the last five years. Reliance ranking was above the rest of the field with an unassailable News Score of 97.43, followed by State Bank of India (89.13), HDFC Bank (86.24), One97 Communications (84.63), ICICI Bank .

Adani Green's dollar bond may be revived by mid-2025, says group CFO

Other Adani Group firms may also raise funds through a few public bond sales in India over the next 12 months, Singh said

These 3 Adani Group stocks have zoomed up to 54% in just 3 days

Adani Green Energy, Adani Energy Solutions and Adani Total Gas rallied up to 22% on the NSE in intra-day trade, after inclusion in F&O segment on Friday.

US SEC has indicted Adani, but India's SECI has only given favours: Cong

The Congress on Friday accused the Solar Energy Corporation of India (SECI) of favouring the Adani Group, alleging that Adani Green is not suffering one bit even though it is yet to supply a single unit of the contracted 3 gigawatts of electricity to Andhra Pradesh. Congress general secretary in-charge communications Jairam Ramesh said Adani Green Energy's solar power project has not supplied a single unit of power to Andhra Pradesh two months after the original schedule to supply 3,000 MW. "It is amazing that even though it has yet to supply a single unit of the contracted 3 gigawatts of electricity to Andhra Pradeshdespite the alleged ?1,400 crore bribe to secure the contractAdani Green is not suffering one bit, thanks to the Central Government," Ramesh said in a post on X. Adani will start supplying one-third of the promised amount to Andhra Pradesh seven months late, he said. "But Solar Energy Corporation of India (SECI) has permitted it to sell the power on power exchanges in

No negative actions so far by investors on Adani after indictment: CRISIL

Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, it said in a bulletin. On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against Gautam Adani, Sagar Adani and Vneet Jaain, key functionaries of Adani Green Energy Ltd (AGEL). The charges rela

Probe in US, protests in Australia: Global ambitions weigh on Adani Group

Indian conglomerate's rising international footprint has come with controversies

RS proceedings suspended till Monday amid protest over Adani, other issues

Rajya Sabha proceedings were adjourned for the day on Friday as opposition MPs protested the rejection of adjournment notices for a discussion on allegations against the Adani Group, and the violence in Manipur and Sambhal. The House will meet again on Monday. Soon after laying of listed papers in the morning session, Chairman Jagdeep Dhankhar said he had received 17 notices for adjournment of scheduled business under Rule 267 of the House. The Chairman said he was rejecting all the notices. This led to a protest by several opposition MPs who began raising slogans. Expressing anguish, Dhankhar said, "I call upon you (MPs) for deep reflection. Rule 267 is being weaponised as a mechanism of disruption". The remark was protested by opposition MPs including those belonging to the Congress. Before adjourning the proceedings for the day, he said similar issues had been raised repeatedly, leading to a loss of three working days. The notices from MPs belonging to opposition parties were

LIC, BSE, Angel One, Adani shares soar up to 9% on F&O entry; Nykaa dips 2%

It was a mixed debut for the new 45 entrants in the derivatives segment as 50 per cent of the shares traded with losses in intra-day deals on the NSE.

Adani solar project misses deadline, delays power supply to Andhra Pradesh

Adani Green Energy's solar project delays leave Andhra Pradesh waiting for power. The state is likely to receive only 1,000 MW by April 2025, much below the initial schedule of 3,000 MW