Page 16 - Adani

Sebi chairperson's husband received money from M&M, alleges Congress

Automaker rejects allegations as 'false and misleading', says it didn't seek 'preferential treatment' from regulator

Elon Musk to turn trillionaire by 2027, Gautam Adani next in queue: Report

Elon Musk, with a current wealth of $237 billion and a growth rate of 110% annually, could become the world's first trillionaire by 2027, a new report has revealed

Investment worth $30 billion likely in semiconductor space in 4 years

This is about 6% of new investment in the sector globally

Israel's Tower Semiconductor, Adani plan $10 bn chip project in India

Semiconductor manufacturing marks the latest foray for billionaire Gautam Adani, whose conglomerate has businesses across ports, power utilities, transmission and coal trading

Maharashtra approves $ 10 bn semiconductor fab unit by Adani, Israeli firm

The project will have capacity to produce 80,000 wafers monthly and it will create 5,000, says Devendra Fadnavis

Tower-Adani JV to set up $10 bn semiconductor unit in Maharashtra: Fadnavis

The proposed semiconductor manufacturing plant, located in the Navi Mumbai suburbs in Raigad district, will have an initial capacity of 40,000 WSPM in the first phase, with an ultimate capacity of 80,

NGOs back Dharavi redevelopment survey, say opposition only by non-locals

Several non-government organisations working in Dharavi have pledged their support to the ongoing state government-led survey of informal tenants in Asia's biggest slum and accused non-locals of trying to stall redevelopment by spreading misinformation, according to letters they wrote to state government authorities. The NGOs have written to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA), a government of Maharashtra body overseeing the USD 3-billion redevelopment project being executed by the Adani group, extending support for the survey. A total of eight NGOs and citizen welfare associations involved in diversified welfare activities ranging from health, education, women empowerment amongst others, met with DRPPL CEO and extended support of Dharavikars to the state-government-led survey currently being conducted in the area. While extending support to the survey, Noor Mohammed Khan of Global Giving Foundation and All India Police Jan Seva Sangathna asked the

Adani Ports acquires 80% stake in Astro Offshore for Rs 1,551 crore

Astro Offshore is a leading global OSV operator in the Middle East, India, Far East Asia, and Africa

Adani Enterprises to launch maiden public NCD issue worth Rs 800 crore

Adani Enterprises' first public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) will be available for subscription from September 4-17

Adani Ports to set up 2 projects in MP with Rs 3,500 cr investment

Adani Group firm APSEZ on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore. Adani Ports and Special Economic Zone Ltd (APSEZ) MD Karan Adani made the announcement at the Gwalior Regional Industry Conclave here. He said the unit in Shivpuri is strategically aligned with the Aatmanirbhar mission to transform India from a defence importer to a defence exporter. These two projects would create over 3,500 direct and indirect jobs. Referring to the investment made by Adani Group in Madhya Pradesh, he said "we have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. These developments are making Gwalior one of India's emerging economic centers, attracting investments across sectors." The Adani defence facility at Gwali

Adani Enterprises' debut public bond sale may see strong demand: Bankers

The issue, which would be India's second-biggest for the current financial year, will open for subscription on Sept 4 with closing scheduled for Sept 17, according to an exchange filing

Adani's Dharavi slum revamp struggles to secure land in potential setback

The project, which aims to rehouse a million people, is a critical and high-profile project for Adani

Ambuja Cements share jump over 4% after multiple block deals

Adani family was likely to sell around 3 per cent stake in Ambuja Cements via block deals

Here's why Hindenburg 2.0 requires a different response from India

Supreme Court in New Delhi should consider bringing back the committee it had set up last year after the New York-based short seller's original report

SC assures doctors against adverse actions, Gautam Adani plans overhaul and more

In the Kolkata doctor’s rape and murder case hearing today, the Supreme Court urged doctors to resume work and assured no coercive action against them for peaceful protests.

Hindenburg row: Cong holds protests, demands Buch's resignation, JPC probe

The Uttar Pradesh Congress held a demonstration here on Thursday, demanding Securities Exchange Board of India (SEBI) chief Madhavi Buch's resignation and the formation of a Joint Parliamentary Committee (JPC) to investigate the Adani issue. Led by state Congress president Ajay Rai, a large number of party leaders and workers protested outside the Raj Bhavan and demanded the formation of a JPC on the recent Hindenburg report. The Congress' provincial spokesperson Anshu Awasthi said party workers were marching towards the office of the Enforcement Directorate (ED) in Lucknow but police stopped them near the Raj Bhavan, where they held their demonstration. State Congress president Rai said the recent Hindenburg Research report has completely exposed "corruption". "SEBI chief Madhavi Buch should resign or she should be dismissed," he added. Rai also said that the Hindenburg report has exposed the Adani group's "scams". The opposition party has stepped up its attack on the government

Telangana Cong govt hold protest demanding JPC probe into Adani issue

Telangana Chief Minister and state Congress chief A Revanth Reddy, his ministerial colleagues and party legislators on Thursday took part in a dharna here demanding SEBI chief Madhabi Buch's resignation and a Joint Parliamentary Committee probe into the Adani issue. Senior Congress leader and former external affairs minister Salman Khurshid were among the party leaders, who also took part in the protest. Holding placards "The Truth Will Prevail" and raising slogans, the Telangana Pradesh Congress Committee (TPCC) leaders and workers, as part of a nationwide agitation, took out a rally from Gun Park to the Enforcement Directorate (ED) office and later participated in the dharna in front of the ED office premises. "We demand the resignation of the SEBI chairperson and constitution of the JPC to investigate Adani Megascam," they said. The Congress has stepped up its attack on the NDA government after Hindenburg Research launched a fresh broadside against market regulator SEBI chairper

Gautam Adani planning to revamp family offices, hire auditors and CEO

The moves aim to bring transparency in how the wealth of Asia's second-richest person, valued at $105.4 billion

Adani group Ebitda surges 33% in Q1, leverage at 2.2x at multi-year low

Billionaire Gautam Adani's ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. "EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year," the group said in a statement. Group net profit jumped over 50 per cent to Rs 10,279 crore in April-June - the first quarter of the current 2024-25 fiscal year. "The consistently advancing EBITDA is largely driven by the Group's highly stable and resilient 'core infrastructure' platform, which constitutes over 80 per cent of the portfolio EBITDA and saw a remarkable 41.6 per cent growth year-on-year in Q1," it said. The core infrastructure platform comprises flagship Adani Enterprises Ltd's ...

Sebi chief Buch earned revenue in potential rules violation, show documents

Buch joined SEBI in 2017 and was appointed to the top position in March 2022. In those seven years, Agora Advisory Pvt Ltd in which Buch has 99 per cent shareholding, earned a revenue of Rs 3.71 crore