Page 22 - Adani

Adani Group to buy 6 Pilatus PC-24 business jets for top executives: Report

The deal would cost Adani Group over Rs 300 crore for all six aircraft since the purchase is from the resale market

BlackRock, Neuberger bought Adani bonds post Hindenburg bombshell

Although the figures don't capture all bondholders, they provide a window into investor activity as the securities sold off and later recouped many of their losses

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Adani Group firms face busy HR year, see internal rejig as businesses grow

Spokesperson says similar adjustments made in the past while expanding into new sectors

Margin gains to support cement companies amid slowing demand in Q3

Most cement majors are pushing capex in anticipation of long-term demand

Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL

MIAL, a step-down subsidiary of Adani Enterprises Limited, operates Mumbai airport, India's second busiest

Adani Green Energy announces redemption plan for $750 million Holdco bond

AGEL aims to ensure full security of the entire $750 million Holdco Notes 8 months before the maturity date on September 9, 2024

Karan Adani now MD of Adani Ports, Gautam Adani stays as executive chairman

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said that the company has elevated its CEO Karan Adani to the role of Managing Director, a position which was held by Chairman of Adani group Gautam Adani. Gautam Adani has been re-designated as executive chairman of APSEZ. "APSEZ, India's largest ports and logistics company, has elevated CEO Mr Karan Adani to the role of Managing Director, a position which was held by Mr Gautam Adani, Chairman of the Adani Group," the company said in a release. The company further said its board has also approved the appointment of Ashwani Gupta, former global Chief Operating Officer at Nissan Motors, as the new Chief Executive Officer of APSEZ.

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,