Page 21 - Adani

Gautam Adani says 'Satyameva Jayate' after cleanchit from SC | Adani stocks rise

The Supreme Court of India handed a big win to the Adani Group on January 3, ruling out the need to transfer Sebi's probe into the Hindenburg case to a Special Investigation Team. Watch the video

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It must complete investigation into Adani matter

Dharavi Redevelopment Project: Adani group signs planner, designer up

DRPPL is a joint venture between Adani Properties and Mumbai's Slum Rehabilitation Authority

No pre-election lull in execution, orders so far, say cement, steel firms

Cement dealers and executives from ratings agencies echo Acharya's view

Adani raises $15 bn in equity, debt in comeback plan post Hindenburg rout

Billionaire Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani. Star investor GQG Partners bought stakes worth almost USD 4.3 billion in five group companies between March and August while Qatar Investment Authority (QIA) and French energy giant TotalEnergies poured in USD 770 million in renewable energy firm Adani Green Energy Ltd, according

Adani Group steps into AI joint venture with West Asia backer IHC

Adani Global Ltd. and IHC's Sirius International Holding Ltd. will own 49% and 51% respectively in the Sirius Digitech International Ltd., which will be based in Abu Dhabi

Adani family to invest Rs 9,350 cr in green unit via issuance of warrants

The quantum of warrants constitutes up to 3.833 per cent of the share capital of the company. As of the September 23 ended quarter, promoters and promoter groups held a 56.26% stake in the company

Adani, Siemens, GMR, Reliance vying for green mobility project in UP

The state government plans to develop e-charging infrastructure on four expressways -- Bundelkhand, Purvanchal, Agra-Lucknow, and Gorakhpur Link Expressway

2023, India's year in biz: Apple debut, Adani's resilience, X's evolution

India got its first Apple store, Adani weathered the Hindenburg storm, and Twitter became X in the year that will still be remembered for AI

Adani family plans $1 bn investment in conglomerate's green energy unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals

Tender for Dharavi project finalised when MVA govt was in power: Adani

The project for the redevelopment of Dharavi slum in Mumbai was awarded to the Adani Group through a fair, open, and internationally competitive bidding process, and the tender conditions were finalised when the MVA government was in power, as per a release issued by the group. "It is unfortunate that a concerted effort is being made to disseminate misinformation about certain aspects of the project," the release said after Shiv Sena (UBT) leader and former chief minister Uddhav Thackeray on Saturday led a march against the business conglomerate which was awarded rights to redevelop Dharavi. The morcha was taken out from Dharavi to the Adani Group office located in the Bandra Kurla Complex. The Maharashtra government in July formally awarded the 259-hectare Dharavi Redevelopment project to an Adani Group firm. "It is important to note that the tender conditions were finalised during the tenure of the Maha Vikas Aghadi (MVA) government, which demitted office at the end of June 2022,

Gautam Adani's copper foray may further tighten global supply of ore

India's imports of copper concentrate could grow to as much as 2 million tons in 2024, from 1.3 million tons estimated for this year, said Soni Kumari, commodity strategist at ANZ Banking Group

Biggest money heist since 1947: Jairam Ramesh's Adani reference to PM Modi

The senior Congress leader said that the people pay the price for Adani's rise via "inflated electric bills"

Adani's bond rebound almost erase losses incurred from Hindenburg report

The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again

Bimal Dayal appointed as CEO of Adani Infra, will oversee energy projects

Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday. The current management team of AESL led by Anil Sardana, Managing Director, and Kandarp Patel, who has been given charge of all verticals of AESL, will drive the ambitious growth of transmission, distribution and smart metre segments. The leadership changes have been made to support enhanced growth of Adani Infrastructure business, the statement said. This decision has been duly approved by the board of directors of AESL. "With this executive-level transition, the Adani portfolio of companies has taken another significant step towards strengthening their resolve to grow the infrastructure business at an aggressive rate of over 15 per cen

Adani, Wilmar may sell part of their stake in AWL to private equity firms

AWL stake sale to be one of the largest in recent times

Gautam Adani's next milestone is plan for $1.25 billion of green arm debt

We are coming close to timelines where we would like to see a concrete and definitive plan" Abhishek Dangra, a Singapore-based infrastructure analyst at S&P Global said

TMS Ep579: Women voters, hosting COP28, Adani group stocks, Global South

Are women voters the new trump card? What would India gain by hosting the COP28 summit? Is the worst over for Adani group stocks? What is the Global South? All answers here

Adani Total Gas launches green hydrogen blending pilot project in Ahmedabad

The project is expected to be commissioned by FY24-25, and the percentage of green hydrogen will be gradually increased in the blend to up to 8 per cent or more