Page 6 - Adani Group

Adani Group stocks zoom up to 14% on Wed; what's driving the rally here?

Among the frontline Adani stocks - Adani Enterprises, Adani Power and Adani Ports and Special Economic Zone were up in the range of 3 per cent to 5 per cent on Wednesday.

Q2 results today: Adani Energy, Raymond, JK Tyre among 44 firms on Oct 27

Many companies, including Sona BLW Precision, Chennai Petroleum, Bata India, and Indus Towers, will release their Q2FY26 earnings reports today

Major US, global insurers, not LIC, led Adani's recent $10 bn investments

Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 million) debt investment in Adani's Mumbai International Airport, joined by several leading international insurance firms. Apollo Global Management -- Athene's parent company -- in a statement on June 23 stated that its managed funds, affiliates, and other long-term investors had completed a USD 750 million "investment grade rated financing" for Mumbai International Airport Ltd (MAIL). This was Apollo's second large financing for MIAL, following its previous financing that provided operational flexibility to ...

Made investments in Adani firms independently after due diligence, says LIC

Life Insurance Corporation of India (LIC) on Saturday said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence. "Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said in a statement posted on X. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Its investment value in India's top 500 companies has grown 10-fold since 2014 -- from Rs 1.56 lakh crore to Rs 15.6 lakh crore -- reflecting strong fund management. "The investment decisions are taken by LIC independently as per Board-approved policies after detailed due diligence," LIC said. "LIC has ensured the highest standards of due diligence and all its investment decisions have been undertaken in compliance with extant policies, provisions in the Acts an

Savings of LIC's 300 mn policyholders 'misused' to benefit Adani: Congress

The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..

Gautam Adani unveils 'Two-Track Organisation' for AI-driven transformation

Speaking at the "Second Shantilal Adani Lecture Series" on Tuesday, Adani emphasised that "ambition without financial discipline is just theory"

Govt scraps tax exemption on imports of missile parts amid Adani prob

In September, the government said it would free up all such parts, whether for long- or short-range missiles, from import taxes, in a boost for defence companies

Google to invest $15 billion by 2030 to develop AI hub in Andhra Pradesh

The Visakhapatnam-based AI hub, Google's largest India investment, will house a gigawatt-scale data centre and strengthen India's position in global AI infrastructure

Adani Group's ROA hits 16.5%, among highest globally in infrastructure

Adani Group chairman Gautam Adani said the conglomerate's return on assets (ROA) rose to 16.5 per cent in the financial year 2024-25 -- placing it among the top performers in the global infrastructure sector. Speaking at the Group's annual Shantilal Adani Lecture Series, Adani attributed the performance to disciplined growth and efficient capital deployment. "This figure demonstrates that our growth is profitable, our assets are productive, and our capital is working with precision," he said. The Group's net debt-to-EBITDA ratio stood at 2.6x, reflecting a conservative leverage profile. With robust internal cash flows, Adani said the company expects to self-fund a large share of its USD 100 billion five-year capex plan, reducing reliance on external markets. "This high ROA does more than generate cash. It fortifies our credibility with lenders, deepens investor confidence, and underpins our ability to take bold bets while preserving balance sheet integrity. It is the invisible ...

Adani to partner with Google for India's largest AI hub in Visakhapatnam

The project will include massive data centres, subsea cable links and clean energy systems in Visakhapatnam to power India's advanced AI operations

Cement maker ACC equity value sees sharp fall after Adani acquisition

ACC and Ambuja Cements were acquired by Adani group in September 2022 from LafargeHolcim Group.

Adani moves SC to support Sahara plea seeking nod to sell 88 properties

Sahara is not limiting its request to the 88 properties, as the company has asked the court to permit the sale of these and other assets

SC to hear Sahara firm's plea Tuesday on sale of assets to Adani Properties

The Supreme Court is likely to hear on Tuesday a plea of Sahara India Commercial Corporation Ltd (SICCL) seeking its nod to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. As per the apex court website, a special bench comprising Chief Justice B R Gavai and Justices Surya Kant and M M Sundresh will hear the plea at 2 pm on Tuesday. On Monday, a lawyer sought the hearing of a separate plea seeking release of the salaries of employees of a Sahara group firm. He said salaries of employees of the Sahara Communications have been withheld since 2014. Another counsel, appearing for one of the purchasers of Sahara properties, sought listing of another plea seeking directions to market regulator Securities and Exchange Board of India (SEBI) to release the documents pertaining to sale of certain properties. The SICCL had moved the top court seeking its permission to sell various properties, including Amby Valley

Is Adani Ports the next big winner? Investec decodes; check target price

Investec has initiated coverage on Adani Ports with a 'Buy' rating, saying the company's integrated network offers a competitive edge, evident from the sharp volume/margin gains at acquired assets

Adani ties up with MTAR Technologies for Amca stealth jet race: Sources

Seven competing entities - including HAL, the Kalyani Group, Tata, Adani, and L&T - responded to the EoI last month to qualify for building the AMCA prototype

India must stop allowing others to define its identity, says Adani

"If we do not narrate who we are, others will rewrite who we were," Adani Group Chairman Gautam Adani said on Friday, calling for India to take charge of its global narrative through cinema, storytelling, and emerging technologies. Speaking at Whistling Woods International, Adani emphasised that India must stop allowing foreign voices to define its identity. "Silence is not humility, it is surrender," he said, pointing to films like Gandhi and Slumdog Millionaire as examples of how India's stories have often been told through Western lenses. He argued that India's failure to own its story has allowed others to profit off caricatures of its reality, and said the country must stop allowing others to define its identity. He also warned of the double-edged power of storytelling in an era where narratives "move markets faster than numbers". Referring to the 2023 Hindenburg report that temporarily wiped over USD 100 billion off Adani Group's market value, he said the episode was a stark .

PM Modi to inaugurate Navi Mumbai airport, India's first fully digital hub

Prime Minister Narendra Modi will inaugurate Navi Mumbai International Airport on October 8; India's first fully digital airport will start commercial operations in December

Govt 'probes' Adani Defence for tax evasion on missile parts imports

Adani Defence Systems and Technologies is one of the smaller businesses of the coal-to-airports conglomerate of billionaire Gautam Adani

Adani Group to invest ₹30,000 cr more in Navi Mumbai airport expansion

Passenger operations at the Adani Group's Navi Mumbai International Airport to begin in December, with PM Modi set to inaugurate the first phase

Adani Enterprises taps debt private placement after 2-year gap: Bankers

Adani Enterprises raised 10 billion rupees in July via a public issue of two-, three- and five-year bonds at coupons of 8.95%-9.30%