Page 45 - Adani Group

Adani shares buck trend, rally up to 5% in a slippery market

Renewed confidence among overseas investment firms has helped lift sentiment at the Adani Group counters on BSE and NSE.

Overseas loans' share in total Adani group debt portfolio declines

Global bond investors keen to invest in Indian infrastructure sector

Adani hints at collaborations with Uber after meeting CEO Khosrowshahi

Billionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between his conglomerate and the ride-hailing app. Taking to X, both business leaders appreciated their conversation on the Indian growth story and their vision for the subcontinent. "Absolutely captivating chat with @dkhos, CEO of @Uber. His vision for Uber's expansion in India is truly inspiring, especially his commitment to uplifting Indian drivers and their dignity. Excited for future collaborations with Dara and his team! #UberIndia," Adani said in a post on X. The Uber CEO said he met the head of ports-to-energy conglomerate over breakfast for an "absolutely terrific conversation". He also highlighted the mobility service provider's commitment to accelerate EV transition in India. Adani also posted pictures of the meeting but the two did not say where the meeting took place. The pictures seem to suggest the meeting took place

GQG's stake value in Adani Group touches $10 billion as stocks rebound

The firm's initial investment of $1.9 billion in March has ballooned to $10 billion in value, helped by market gains and additional stakes, according to fund manager Sudarshan Murthy

Ambuja Cements hits new high; here's why stock has rallied 46% in 3 months

Shares of Ambuja Cements hit an all-time high of Rs 608.50, up 3% on Friday, thus surpassing its previous high of Rs 598 registered on December 9, 2022.

Cricketer Yashasvi Jaiswal buys 1,100 sq ft size Mumbai flat for Rs 5 crore

The Ten BKC residential project was launched in 2016 and has gained prominence over the years due to increased commercial growth and presence of gated communities

Stocks to Watch today: Airtel, Paytm, LIC, Bajaj Auto, Adani Group, HDFC Bk

Stocks to watch on Monday, February 19, 2024: Shares of Adani group are likely to be in focus as the group is said to be in advanced talks to raise up to $2.6 billion from sovereign funds.

Adani group in talks with sovereign funds to raise up to $2.6 billion

Group plans to fund airport expansion, green hydrogen biz

'Cash-for-query' case: Mahua Moitra submits her response to CBI questions

TMC leader and former Lok Sabha member Mahua Moitra has sent her response to a questionnaire by the CBI on allegations of corruption in raising questions in the house, officials said Thursday. The CBI is examining the response after which it will send a report to anti-corruption ombudsman Lokpal which had referred the matter to the agency, they said. The agency is conducting a preliminary inquiry into the allegations against Moitra on the reference from the Lokpal. The CBI is also understood to have spoken to lawyer Jai Dehadrai and businessman Darshan Hiranandani in connection with its inquiry, they said. Queries sent by PTI to Moitra remained unanswered and the CBI has also maintained silence on the issue. BJP Lok Sabha MP Nishikant Dubey had accused Moitra of asking questions in Lok Sabha to target the Adani group and Prime Minister Narendra Modi at the behest of businessman Darshan Hiranandani in exchange for gifts. He had also accused Moitra of compromising national security

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday

Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.

Moody's revises outlook on 4 Adani firms to 'stable' from 'negative'

The global ratings agency changed the outlook to 'stable' on Adani Green, Adani Electricity Mumbai, Adani Transmission, and Adani Energy Solutions

Adani-Hindenburg case: Plea filed in SC seeks review of Jan 3 verdict

The court had directed the markets regulator to complete its probe within three months

Adani-Hindenburg row: Plea filed in SC seeks review of January 3 verdict

A plea has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. In a significant win for the Adani Group, the apex court had declined to order a CBI or SIT probe and said in its judgement that market regulator SEBI was conducting a "comprehensive investigation" into the allegations and its conduct "inspires confidence". The petition claimed there were "mistakes and errors" in the judgment, and in light of certain new material that have been received by the counsel for the petitioner, there were sufficient reasons for a review of the verdict. The review petition has been filed by Anamika Jaiswal, who was one of the petitioners in the case. The plea, filed through advocate Neha Rathi, said the Securities and Exchange Board of India (SEBI) had in its report only updated the court about the status of the 24 investigatio

Adani begins discussions for first dollar bond sale since Hindenburg

The sprawling ports-to-power empire has trimmed debt, pared founders' share pledges and landed major projects over the past year, helping to rebuild confidence among investors and lenders

Dharavi redevelopment: Maha govt to lease salt pan lands from Centre

The Maharashtra cabinet on Monday cleared a proposal related to the Dharavi slum redevelopment project, under which 283.40 acres of salt pan lands in Mumbai will be taken from the Union government on a 99-year lease for rehabilitation purpose. The proposal, moved by the state housing department, was approved at a state cabinet meeting chaired by Chief Minister Eknath Shinde here, an official statement said. A separate proposal for handing over the salt pan lands, to be used for rehabilitation of some Dharavi residents under the slum redevelopment project, will be submitted to the Union government soon, it said. The market value of the lands, 283.40 acres in total, would be recovered from the special purpose vehicle (SPV) formed for redevelopment of the Dharavi slum colony and then handed over to the Centre, said the statement. The Maharashtra government in July last year formally awarded the 259-hectare Dharavi redevelopment project to an Adani group firm. The multi-crore project,

Sodexo, Adani Group partner to offer skill development programme for youth

Sodexo on Monday said it has joined hands with Adani to offer a comprehensive skill development programme for the youth in remote locations. The collaboration is aimed at skilling, training, and placement opportunities for the youth in remote locations, Sodexo said in a statement. The programme will pilot at Mundra and Bhuj in Gujarat comprising a batch of over 150 youth, it added. "Both organisations look forward to witnessing the positive transformation of the youth involved in the programme. "Based on the success of this initiative in Mundra and Bhuj, Adani Skill Development Centre intends to scale similar initiatives in more tier-II and III cities and remote locations with a target to upskill over 500 youth by 2024," Adani Skill Development Centre Operations Head Amitkumar Thakker said. Sodexo will lead the training initiative with the course module development, coaches and guides, on-the-job training and certification, while the Adani Skill Development Centre will recruit the

Adani Enterprises Q3 results: PAT jumps to Rs 1,888 cr, revenue up 6.5%

Higher margins and volumes in coal trading drove the division's EBITDA higher despite a fall in coal prices, Adani Enterprises said in a statement

Adani Ports Q3 result: Profits surge 68%, net profit reaches Rs 2,208 cr

Adani Ports and Special Economic Zone, India's largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs

Adani Wilmar Q3 results: Profit falls 18.4% to Rs 201 cr on weak demand

Subdued demand from institutional clients in the edible oil segment and its lower pricing hurt third-quarter earnings, the Adani group-owned company had said in a quarterly update earlier in January

Adani Group's Ambuja Cements profit misses estimates on lower volumes

Ambuja's consolidated volumes increased 2.9% to 14.1 million metric tons in the October-December period, lower than the 5.5% growth estimated by Jefferies