Page 44 - Adani Group

Adani Group may shift grounded planes to smaller airports for parking space

MoCA informed Lok Sabha last year that 164 aircraft were grounded across 15 airports

US graft probe into unrelated third party, says Adani Green Energy

Company added it has no relationship with the third-party and has not received any notice itself

Adani Green denies connection to US investigation involving 'third party'

In a statement filed with exchanges, Adani Green said it has no relationship with the third party and is "thus unable to comment" on the scope of the U.S investigation into the alleged dealings

Stocks of Adani group companies tank on report of US investigation

Analysts termed Monday's fall as a knee jerk reaction and said the group stocks could gain as the conglomerate has got a clean chit vis-a-vis the allegations by Hindenburg Research

Didn't get notice from US officials regarding bribery probe: Adani Group

The company "states that it has not received any notice from the Department of Justice of US in respect of the allegation referred to in the said article

Adani Group shares trade weak; Total Gas, Ports, Energy slip up to 8%

According to a Bloomberg report, US prosecutors have widened their probe against India's Adani Group to focus on whether the company engaged in bribery

Several of Adani's dollar bonds fell most in over six months on US probe

US investigators are digging into whether an Adani entity, or people linked to company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

Stocks to Watch: Adani Group, Torrent Power, HAL, Lupin, Railtel, KPI Green

Stocks to watch on March 18, 2024: As per PTI, the Adani group will invest more than Rs 1.2 lakh crore in FY25 across its portfolio business with a special focus on green and renewable energy

Adani group plans to invest $14 bn across its portfolio companies in FY25

Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance over the next 7-10 years to grow businesses, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24. According to analysts, the portfolio is estimated to have incurred a capex of around USD 10 billion in FY24 that ends on March 31. Sources said these investments will set the stage for exponential profit growth. The group had previously guided a USD 100 billion capex over the next 7-10 years. Most of this investment is going to go into group fast growing businesses -- renewable, green hydrogen and airports. As much as 70 per cent of the planned capex will go into its green portfo

US prosecutors probing Gautam Adani and his group over potential bribery

The DOJ probe hasn't stopped Washington from working with Adani Group entities

Short seller attack was to defame India's governance practices: Adani

After the Hindenburg report's release, shares of the Adani group fell sharply but later recovered after the promoters sold shares and prepaid part of their debt

Adani's Dharavi project to begin survey for rehabilitation of residents

The Dharavi Redevelopment Project -- a special purpose vehicle set up through a joint venture between the Adani Group and Maharashtra government -- on Monday said it will begin a survey next week to determine eligibility of the slum residents for their rehabilitation. Starting with Kamla Raman Nagar from March 18, the survey will collect data from lakhs of informal tenement residents, according to a statement. "The data will be used by the state government to determine their rehabilitation eligibility criteria under the proposed redevelopment project," it said. A specially developed app will be used to capture the data and every informal settlement will be given a unique number, which will be followed with laser mapping of each lane. Under the redevelopment plan, each tenement holder will be provided with a home and the year of occupying a given space will determine the location where the tenement holder will be rehabilitated. A project spokesperson urged all residents to support

Gautam Adani, Qualcomm CEO discuss artificial intellgence, semiconductors

Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others. Adani is also building data centres at multiple locations. "Great meeting with Qualcomm CEO @cristianoamon & his leaders! Inspiring to hear his vision for semiconductors, AI, mobility, edge appliances and much more across different markets. Exciting to hear about his plans and commitment to India's potential!," Adani said in a post on ..

Delhi airport expects 72 mn passengers, expanded T1 to be functional in May

The Delhi airport is expected to handle more than 72 million passengers in the current fiscal ending March 31, the highest-ever annual traffic, and the expanded Terminal 1 is likely to be operational in May, its CEO Videh Kumar Jaipuriar said on Sunday. The expanded T1 terminal, the capacity of which has increased to 40 million from 17 million, was inaugurated virtually by Prime Minister Narendra Modi on Sunday. Now, its total area has tripled to 2,06,950 square metres. The Indira Gandhi International Airport (IGIA) in the national capital, operated by the Delhi International Airport Ltd (DIAL), now has an annual passenger handling capacity of 100 million spread across three terminals -- T1, T2 and T3. Speaking to reporters after the inauguration at the Delhi airport, DIAL CEO Jaipuriar said the expanded T1 is expected to be operational in May before the peak summer season. Currently, the process related to ORAT (Operational Readiness and Airport Transfer) is happening. "When you

Florida-based GQG Partners ups India bet with Bharti Airtel stake buy

The fund also acquires additional stake in Macrotech Developers

Adani Group in discussions to offer $1.2 billion more bonds by June

The company is discussing the planned transaction with arrangers and bankers

Adani Green Energy's $409-million bond sale oversubscribed 7 times

This transaction represents the first bond deal for Adani Group since September 2021 and follows the successful equity raise of over $1.4 billion, which was completed in December last year

Adani's first bond issue sees massive comeback to international market

Adani Green's bonds paid a yield of 6.7%, 42.5 basis points cheaper than levels initially proposed when the deal was announced this morning, thanks to strong investor demand

Adani group offers first $409 million bond since Hindenburg crisis

Hindenburg levied accusations of fraud and stock manipulation in a report in early 2023

Electrolyser manufacturing: RIL, Adani, L&T win incentives in maiden tender

The tender was floated under Centre's Green Hydrogen Mission