Page 54 - Adani Group

Opposition parties slam govt on Adani group role in ministry panel

Opposition parties on Tuesday attacked the Modi government for "appointing" Janardhan Chaudhary as a member of the Centre's Expert Appraisal Committees (EAC) under the Environment Ministry, alleging he is an employee of the Adani group. Chaudhary was appointed in September to the all-important panel, which has to clear several power projects, including some of the Adani Group, according to media reports. "Adani Pradhan Sevak appointed Adani employee Janardhan Choudhury as a member of EAC under Environment Ministry. This committee has to approve 6 Adani projects (10,300 MW)," the Kerala Congress claimed on its official X account. It also said that recently Adani's 1500 MW Satara plant was approved by him. "Eej of doing bujiness," the party said. Reports claimed that a key advisor to Adani Green Energy Limited (AGEL)Chaudhary, is now a member of one of the Centre's Expert Appraisal Committees (EAC) before which the company's hydro project proposals come up for clearance. The EAC

With US funding in pocket, Adani plans expansion of overseas port empire

The announcement marked a welcome reprieve for India's Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year

Modi govt wants to gag anyone who talks about Adani's coal 'scam': Mahua

Trinamool Congress MP Mahua Moitra on Friday claimed that the Ethics Committee's recommendation to expel her from Lok Sabha stems from Prime Minister Narendra Modi's desperation' to keep the Adani group's alleged coal scam under wraps and he wants to gag anyone who flags this issue. In an interview with PTI Video, Moitra who is embroiled in the cash for query' row asserted that the issue is how not to allow a lawmaker not to raise questions in the House. Adani has a Rs 13,000 crore coal scam. In any other country, this would have brought down the government. Mr Modi deep in his heart knows this. So they are desperate to keep this hidden as long as possible. Modi and Adani are running the government... Anyone who questions and calls them out is in panic. We are one of the few people who are doing this. So their idea is shut them up, put them in jail..., Moitra claimed. The Krishnanagar MP described the saffron party as a factory of liers. Every day they put out fake news and the ..

Article on Adani cos: SC grants protection to reporters summoned by police

The Supreme Court on Friday granted protection from arrest to two journalists who have challenged the summons issued to them by the Gujarat Police in connection with an article allegedly written by them on Adani Group. A bench of Justices B R Gavai and P K Mishra directed the journalists to cooperate in the investigation and issued notice to the Gujarat government on the pleas filed by the duo. "Till next date of hearing, we direct that no coercive steps be taken against the petitioners, however, they should cooperate with the enquiry," the bench said. The top court was hearing a plea filed by Benjamin Nicholas Brooke Parkin and Chloe Nina Cornish challenging the summons issued to them. The counsel appearing for them argued that the petitioners are not the ones who wrote the report in question. Earlier this week, the apex court had granted interim protection to journalists Ravi Nair and Anand Mangnale in connection with an article written by them on the Adani-Hindenburg row.

Adani's Colombo port terminal to get $553 million funding from US DFC

Move seen as US bid to curtail China's influence

Coal blocks put on sale through transparent mechanism, says govt

The coal ministry on Wednesday clarified that post-cancellation of 204 blocks in the year 2014, the mines are being put on auction via a "transparent" mechanism. The clarification comes a day after Congress alleged that the Narendra Modi government reversed the long-standing policy of competitive auction for coal block allocation and gave away lucrative fields to the Adani Group. "Ministry of Coal has clarified that after cancellation of 204 coal mines in 2014, coal mines are being auctioned through a transparent mechanism and for various end uses power and non-regulated sectors," the ministry said in a release. The coal ministry further said that no correlation has been established between Cavill Mining Pvt Ltd and Adani Group. "Also, as per the provisions of the tender document, the affiliate shall mean, a person who, directly or indirectly controls such bidder; is Controlled by such Bidder; is Controlled by the same person, who directly or indirectly, controls such Bidder; or i

Adani Green aims to achieve operational capacity of 11 GW in FY24: CEO

Adani Green Energy Limited (AGEL) has a planned capex of Rs 14,000 crore and aims to achieve operational capacity of 11 GW in FY24, its CEO Amit Singh said. The company has an operating renewable energy (RE) portfolio of 8.4 GW across solar, wind and hybrid capacity, the company official said in an investor presentation. "With plans to deliver 2.8-3 GW capacity in FY24, the company's operating portfolio will increase to 11 GW. In FY24, the company has indicated a capex of Rs 14,000 crore," Singh said. A large part of the capacity addition will come in Khavda in Gujarat where the company has deployed a workforce of more than 5,000 people. The company plans is to add 5 GW of RE portfolio every year from FY25 onwards, he added. "We have the largest operating renewable portfolio in India. We are ramping up our execution capabilities as we prepare for our next phase of growth. We are working extensively on our next milestone of developing the largest RE cluster in the world in Khavda

Adani Group to begin Dharavi redevelopment with Rs 12,500 cr investment

A special purpose vehicle (SPV), jointly owned by the Adani Group (80%) and the Maharashtra government (20%), has been established for this purpose

Adani vs Hindenburg: Supreme Court to consider plea for listing of PILs

The Supreme Court on Monday said the apex court registry will look into the issue of listing for hearing PILs related to allegations of stock price manipulation by the Adani group. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra was told by lawyer Prashant Bhushan, appearing for one of the PIL petitioners, that the pleas were to be listed on August 28. The matter was to be listed on August 28, but it has been deferred, deferred, deferred, Bhushan said. I will check with the registry, the CJI said. On July 11, the top court had asked the Securities and Exchange Board of India (SEBI) about the status of its ongoing investigation into the allegations of stock price manipulation by the Adani group. The court, which had granted time till August 14 for probe by the SEBI, had said the inquiry has to be concluded expeditiously. Later, the capital markets regulator filed a status report on Adani-Hindenburg probe and said it was awaiting informat

Adani Energy Q2 result: Net profit jumps 46% to Rs 284 cr; income up 11%

The total income for Q2FY24 came in at Rs 3,766.46 crore, compared to Rs 3,376.57 crore year-on-year

Adani group said to be in talks to exit FMCG joint venture with Wilmar

This comes at a time when Adani Wilmar Ltd has been posting losses for two consecutive quarters

Adani Ports & SEZ total cargo volumes rise 48% Y-o-Y to 37 MMT in October

The total cargo volume of the company's ports in India touched 36 MMT, recording a 43 per cent Y-o-Y growth

Adani buys remaining 51% stake in BQ-publisher Quintillion Business Media

Billionaire Gautam Adani's group has acquired the remaining 51 per cent stake in Quintillion Business Media Pvt Ltd to take full control of the Raghav Bahl-curated digital business news platform for an undisclosed amount. Adani Enterprises Ltd, the ports-to-energy conglomerate's flagship firm, in a stock exchange filing, said its subsidiary AMG Media Networks Ltd "has executed a share purchase agreement for the acquisition of remaining 51 per cent stake in QBML", the firm which operates the business and financial news digital media platform BQ Prime. It, however, did not disclose the financial details of the transaction. Quintillion was Adani's first bet in the Indian news industry before taking about 65 per cent stake in broadcaster NDTV in December last year. AMG Media had previously bought a 49 per cent stake in Quintillion Business Media Ltd (QBML) for Rs 47.84 crore. BQ Prime was earlier known as Bloomberg Quint, a former joint venture between US-based financial news agency .

Adani Green in talks to borrow $1.8 billion loan from foreign lenders

The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private

Dovish Fed unleashes market bulls; Sensex zooms 490 pts, Nifty tops 19,100

Closing Bell on Thursday, November 02: Jerome Powell's comment that "despite elevated inflation, the longer term inflation expectations remain well anchored" was taken by the markets as dovish

Adani Power Q2FY24 result: Net profit jumps 848% YoY to Rs 6,594 crore

The revenue from operations for Q2FY24 came in at Rs 12,990.58 crore, compared to Rs 7,043.7 crore year-on-year, registering a jump of 84.42%

Ambuja Cements Q2 results: Net profit rises seven-fold to Rs 793 crore

In Q2FY24, Ambuja Cement's net profit (attributable to the owners of the company) was at Rs 793 crore, seven times higher than Rs 93 crore reported a year ago

Adani Wilmar Q2FY24 result: FMCG major reports net loss of Rs 130 crore

Adani Wilmar last month said its profitability in the September quarter remained under stress due to lower edible oil prices

Adani has been given Indian ports, airports by PM Modi, says Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday said that the moment we talk about Adani, intelligence agencies such as the ED and the CBI start approaching us

No evidence to back cash-for-question charge: Moitra hits out at Adani FPIs

Trinamool Congress (TMC) MP Mahua Moitra on Saturday said the BJP's "cash-for-questions" allegation against her has "failed" as there is no evidence to back it and questioned how "dodgy FPI owned Adani" got the clearance to buy ports and airports. In a post on X, Moitra said: "First BJP said 'Cash for Questions'. That failed since NO evidence to back fake allegation. Now it is 'National Security'." "Real? Not of Q&A portal that 10 people in each MP team access daily -- it is how dodgy FPI owned Adani gets MHA clearance to buy our ports and airports!" she said, without elaborating any further. Moitra's post came a day after Bharatiya Janata Party (BJP) MP Nishikant Dubey, who levelled the "cash-for-questions" allegation against her, said in a post on X that sharing the parliamentary portal login details with anyone is a violation of the agreement with the government body (NIC) managing the portal and is a security risk. The TMC MP continued her attack on the business group led by ..