Page 22 - Adani Group

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

Fundraising via QIP hits Rs 1 trillion for the first time ever in history

Meanwhile, Adani Energy Solutions has raised Rs 8,373 crore via QIP in August, making it the largest fundraise in the Indian power sector.

Adani wipeout will hurt sentiment, not long-term outlook: Global investors

Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place

Stocks to Watch, Nov 29: SBI, PC Jeweller, Nazara Tech, Adani Group shares

Stocks to Watch, Nov 29: Here are few stocks that will remain in focus for today's session

My name not mentioned anywhere, says Jagan Reddy on Adani bribe controversy

YSRCP top leader and former Chief Minister YS Jagan Mohan Reddy on Thursday strongly refuted allegations of payment of bribes to Andhra Pradesh officials by the Adani Group for solar power purchases during his party-led government, and said his name was not mentioned anywhere in a US court's indictment on the matter. In his first reaction days after the controversy broke out, Reddy also said he had met the Adanis several times during his tenure as the CM of Andhra Pradesh which was "not unusual". "Nowhere it mentions that incentives were offered to me because there is no way anybody can offer incentives to me, first of all. And businessmen meeting heads of states is not unusual. This in fact is an ordinary practice," he told reporters. He further said the allegations of bribes are all hearsay and nobody has said that Jagan or somebody has taken bribes. Adani Group chairman Gautam Adani has been charged by the US Department of Justice over his role in a years-long scheme to pay USD

SBI, other banks reviewing Adani group exposure after US bribery charges

While SBI will exercise caution while disbursing future loans to ensure compliance, the review does not mean a change in the lenders' credit approach to the ports-to-energy conglomerate

Kerala, Adani Ports sign agreement for development of Vizhinjam Seaport

As per the agreement signed on Thursday, the project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028

Indian banks reviewing exposure to Adani Group after US indictment

SBI has the largest exposure to the Adani Group among Indian banks, with sanctioned loans of Rs 33,800 crore ($4 billion)

Stock Market Crash Highlights: Sensex tanks 1190pts, Nifty slid to 23900 on F&O expiry, global woes

Stock Market Highlights: The day ended in favor of the bears, as 46 out of the 50 constituent stocks of the Nifty50 closed in the red

From airports to cooking oil, a look at the diverse businesses of Adani

The renewable energy arm of the ports-to-power conglomerate is Adani Green Energy, which is at the center of the US indictment. It focuses on solar, wind and hybrid power generation and has a presence

Adani wipeout hurts but won't derail foreign investor faith in India

US allegations, denied by the company, are that Gautam Adani's colossal ports-to-energy conglomerate paid bribes to secure power sales and made misleading disclosures

Outlook on Adani investments unchanged amid indictment: Abu Dhabi's IHC

The IHC statement comes soon after Adani group emphasised that its chairman and his aides have not been charged under the US Foreign Corrupt Practices Act