Stocks to Watch Today: SBI too may be in focus after the PSU bank successfully raised Rs 10,000 crore via its maiden infrastructure bonds.
The protesters say the huge project causes coastal erosion that has undermined their livelihoods, calling for a complete halt on the construction
In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore
The Kerala police on Wednesday said that investigation has not reached a stage to suggest involvement of any extremist groups in the recent incidents of violence at Vizhinjam here. Thiruvananthapuram Range DIG R Nishanthini, who has been appointed as a special officer in charge of security arrangement and law and order in the area, also said the police was going to take stringent and legal action against those accused in the 163 cases lodged till now in connection with the anti-seaport protests and violence. Speaking to reporters here, the senior officer also said the National Investigation Agency (NIA) was not part of her meeting with officers in connection with the protests and violence at Vizhinjam, and that she cannot say whether it has sought any details or information from the Kerala police. On being asked why no one has been arrested yet in connection with the attack on the Vizhinjam police station on the night of November 27, the officer said that the investigative process w
Members of the Hindu United Front have vowed to walk to the port in Vizhinjam, on the southern tip of India, to pledge their support for a project they say will create jobs in the region
The local fishing community claims that the breakwater and constructions would affect their livelihood and homes
The Adani Group attempted to move heavy vehicles into the port on Saturday following a court directive this week that construction work must resume, but protesters blocked them from entering
The Kerala government's ambitious Rs 7,500 crore Vizhinjam Seaport, being developed by the Adani group in the southernmost part of the state, has been facing deadlock due to the over 100-day protest by the locals led by the leadership of the Latin Catholic Archdiocese here. Keen to finish the project as early as possible, the state government has appealed to the church authorities to end the protest as it was crucial for bringing changes to the industrial and economic sector of the country. The government claimed it has accepted almost all demands of the protesters. However, the protesters are not ready to budge, alleging the project will adversely affect the livelihood of the fishermen, coastal eco-system and the ecology of the Western Ghats due to mining of granite stones for the same. The agitators also alleged the government has not given any written assurances on their demands even after many minister-level discussions. The Vizhinjam International Transhipment Deepwater ...
Billionaire Gautam Adani's group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments
Stocks to Watch: Archean Chemical Industries and Five Star Business Finance will make their market debut today; Tata Motors will replace Dr Reddy's in the BSE Sensex from December 19
The value of investments in Adani firms more than double in the past year
Adani Ports and Special Economic Zone (APSEZ) on Monday announced the setting up of a joint venture company with Gadot Chemical Terminals Ltd in Israel. "The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely 'Mediterranean International Ports A.D.G.D Ltd' on November 13, 2022," APSEZ said in a BSE filing. It said Mediterranean has been incorporated as a joint venture company with Gadot Chemical Terminals (1985) Ltd for the acquisition of Haifa Port Company which currently operates Haifa Port in Israel. Adani Ports and Special Economic Zones, the flagship transportation arm of the diversified Adani group, is India's largest private ports and logistics company.
Adani has been accused by some Lankan lawmakers of signing opaque port, energy deals closely tied to India's interests, something his group has always denied, saying investments meet Sri Lanka's needs
Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities
Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said that it has acquired 49.38 per cent stake in Indian Oiltanking Ltd -- developer and operator of liquid storage facilities -- for Rs 1,050 crore. APSEZ in a statement said this agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL (Indiain Oiltanking Ltd). "APSEZ has entered into a definitive agreement for the acquisition of Oiltanking India GmbH's 49.38 per cent equity stake in Indian Oiltanking Ltd, which is one of India's largest developer and operator of liquid storage facilities," it said. According to the statement, the acquisition is well aligned with APSEZ's strategy of becoming the largest transport utility. The statement said over the last 26 years, IOTL has built a network of six terminals across five states with a total capacity of 2.4 Mn KL (owned capacity of 0.5 Mn KL and BOOT capacity of 1.9 Mn KL) for stora
Stocks to watch today: Tech Mahindra's net profit for Q2 FY23 was down 4 per cent at Rs 1,285 crore due to supply-side pressure; NCC received two new orders worth Rs 1,056 crore in October
Adani Ports and Special Economic Zone, India's largest private operator of ports, reported a 69% surge in quarterly profit on Tuesday, driven by strong cargo volumes.
Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece
SC also asked the Union government to evolve a mechanism so that its departments don't take different stands before the court. Attorney General R Venkataramani has been requested to examine the issue
S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request