Page 19 - Adani

'Speculative, untrue': Paytm, Adani Group deny stake sale in fintech major

News report said coal-to-airports conglomerate is buying a stake in the digital payments firm

'Speculative, untrue': Paytm, Adani Group deny stake sale in fintech major

News report said coal-to-airports conglomerate is buying a stake in the digital payments firm

AI, cloud, and super app: Adani group looks to bet big on technology

At present, the Adani Group operates across multiple sectors such as energy and utilities, transportation, and logistics, among others

Now, Adani Group plans to enter India's digital payment, e-commerce spaces

The Adani Group plans to offer new services through its consumer app, Adani One, which was launched in late 2022. The app currently offers travel services such as flight and hotel bookings

NMDC, Dish TV, Adani Energy, SpiceJet among five stocks to watch on May 28

Stocks to watch on May 28: NMDC reported a significant downturn in net profit, which decreased by 37.8 per cent to Rs 1,412.7 crore compared to Rs 2,271.5 crore in the previous year

21 int'l bodies ask CJI for early resolution of Adani coal imports case

At least 21 international organisations have written to Chief Justice DY Chandrachud and requested the Supreme Court to speedily resolve the pending case filed by the Directorate of Revenue Intelligence, investigating Adani Group firms for alleged overvaluation of Indonesian coal imports. The letter comes after a report by the London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alluded to a "fraud" by the Adani Group by selling low-grade coal as high-value fuel in 2013. Contending that they stand firmly against the continued use of fossil fuels, the organisations said the Financial Times report provided fresh and detailed evidence of the passing off of "low-quality coal as far more expensive cleaner fuel" by the Adani Group in transactions with Tamil Nadu's Tangedco. The 21 international organisations that have written to Chief Justice Chandrachud are Australian Centre for International Justice, Banktrack,

Norway excludes Adani Ports from govt pension fund over ethical concerns

US defence contractor L3Harris Technologies and China's Weichai Power have also been excluded

Why didn't PM take action if Ambani, Adani were sending black money: Kharge

Congress president Mallikarjun Kharge on Saturday lashed out at Prime Minister Narendra Modi, questioning why did his government not take any action if, as per his allegation, industrialists Mukesh Ambani and Gautam Adani were sending black money to the grand old party. Addressing an election rally in Bihar's Samastipur, Kharge asserted that Modi could become the prime minister of India only because Congress fought for its Independence. "PM Modi says we are silent on Ambani and Adani, we are not... I am asking why did his government not take any action if, according to his allegation, we received black money from these industrialists? Is it because they themselves received black money?" Kharge alleged. Recalling the contributions of Congress for the country, he said former prime ministers Indira Gandhi and Rajiv Gandhi sacrificed their lives for the unity of the country and Indians got the right to exercise franchise due to struggles of Mahatma Gandhi and Rajendra Prasad, among

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults

Digvijaya slams PM Modi for accusing Cong of taking money from Adani-Ambani

Senior Congress leader Digvijaya Singh on Thursday attacked Prime Minister Narendra Modi for accusing the opposition party of taking money from "Adani and Ambani". Speaking at a rally in Telangana on Wednesday, PM Modi accused the Congress of having a "deal" with Ambani and Adani, and asked if the party has received "tempo loads of black money" from the two businessmen for its leader Rahul Gandhi to stop "abusing" them. "I want to ask from Telangana soil, let the 'shehzada' announce, how much has been lifted from Ambani-Adani. Has tempo loads of money reached the Congress? What deal has been arrived at that abusing Ambani-Adani has stopped overnight?" the PM said while addressing an election rally at Vemulawada in Telangana. Hitting back, Singh, addressing a rally in Ratlam, said, "Modiji said Ambani and Adani have sent money to Congress. Then were the Enforcement Directorate, CBI napping? We are ashamed of calling him our PM. He is not true even to Adani and Ambani." Modi promised

Modi gave away several projects to Adani in 10 yrs, says Rahul Gandhi

Congress leader Rahul Gandhi on Thursday alleged that several infrastructure projects such as ports, airports and defence contracts were "given to Adani" during the past 10 years. The Wayanad MP made the allegation at a poll rally in Telangana, a day after Prime Minister Narendra Modi asked why Rahul Gandhi was allegedly not taking the names of 'Adani-Ambani' in his speeches after the polls were announced. Hitting out at Modi, Rahul Gandhi alleged that the prime minister worked for only 20-22 people in the whole of the country and made them billionaires. Alleging that PM Modi privatised several government firms in order to abolish reservation, the Congress leader said, BJP wants to abolish reservations while Congress wants to increase them beyond 50 per cent. He said if Congress is voted to power, a caste census will be taken up across the country. Pointing to some BJP leaders' remarks that the saffron party wants to change the Constitution, he said no force can do it.

Watch: Congress hits back at PM Modi's 'Adani-Ambani' jibe with this video

Congress releases a 47-second video features five clips of Rahul Gandhi raising questions about Modi's relationship with Adani, with the latest hit dated May 7

PM Modi: Why is Rahul Gandhi not attacking Adani and Ambani now? | Lok Sabha elections 2024

While addressing a public meeting in Telangana's Karimnagar, PM Narendra Modi said, "'Shehzada' of Congress, since his issue of Rafale grounded, he started talking about '5 industrialists'

Blackstone all set to buy Adani Realty's BKC office tower for Rs 2,000 cr

Adani Realty's commercial project in MRealty'sbusy business district, the Bandra-Realty'smplex, comprises an offMumbai'sr of around 800,000 square feet

Adani Ports to invest in Philippines, eyes Bataan for port development

Adani Ports and Special Economic Zone Limited (APSEZ) is eyeing Bataan to establish a 25-meter-deep port capable of accommodating Panamax vessels

Q4 results: Airport dues drag down Adani Enterprises net profit 37.6%

Mumbai International Airport Ltd (MIAL) reported a one-time exceptional expense of Rs 627.37 crore due to past dues

In 3 years, we want to reach 1 million direct outlets: Adani Wilmar MD

After announcing its March-quarter results, Angshu Mallick, managing director and chief executive officer, and Shrikant Kanhere, chief financial officer, spoke in an exclusive interview

Adani Energy Solutions' Q4 result: Net profit declines 13% to Rs 381 cr

Adani Energy Solutions Ltd (AESL) on Tuesday posted a 13.26 per cent fall in its consolidated net profit to Rs 381.29 crore during the quarter ended March 2024 on account of increased expenses. Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23 financial year, the company said in an exchange filing. For the whole Financial Year (FY) 24, the company reported a net profit of Rs 1195.61 crore, down from Rs 1280.60 crore in FY 23. During the fourth quarter, the company's total income surged to Rs 4,855.18 crore from Rs 3,494.84 crore a year ago. The income in FY 24 was at Rs 17,218.31 crore as against Rs 13,840.46 crore in FY 23. The expenses were Rs 4,358.83 crore in the period under review, as against Rs 3,200.50 crore in the year-ago period. In FY 24, the expenses rose to Rs 14,978.74 crore from Rs 13,164.32 crore in the preceding financial year. In a separate statement, the company said its revenues witnessed a double-digit growth

Adani Total Gas Q4 result: Profit up 72% at Rs 1.68 bn on higher CNG sales

Revenue had risen by more than 12% during the same period last year, driven by higher volumes and an increase in sales price

Adani Total Gas Q4 results: Profit rises 59% to Rs 165 cr, revenue up at 5%

Adani Total Gas Ltd, the city gas retailing joint venture of Adani group and TotalEnergies of France, on Tuesday reported a 59 per cent rise in March quarter net profit on the back of a surge in CNG sales volumes. The company posted a net profit of Rs 165 crore in the January-March period as against Rs 104 crore in the same period a year back, the company said in a statement. The firm, which retails CNG to automobiles and pipes natural gas to household kitchen for cooking purpose, saw a revenue increase of 5 per cent to Rs 1,257 crore while EBITDA surged 49 per cent to Rs 305 crore the quarter. CNG sales rose 20 per cent to 149 million standard cubic metres and piped natural gas sales were up 15 per cent to 83 mmscm. For the full fiscal year, the company reported a net profit of Rs 653 crore on a revenue of Rs 4,813 crore. This compared with Rs 530 crore net profit on a revenue of Rs 4,683 crore in 2022-23. ATGL said it added 91 new CNG stations to take the strength to 547 across