Page 23 - Adani

Adani Energy Q2 result: Net profit jumps 46% to Rs 284 cr; income up 11%

The total income for Q2FY24 came in at Rs 3,766.46 crore, compared to Rs 3,376.57 crore year-on-year

Adani has been given Indian ports, airports by PM Modi, says Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday said that the moment we talk about Adani, intelligence agencies such as the ED and the CBI start approaching us

No evidence to back cash-for-question charge: Moitra hits out at Adani FPIs

Trinamool Congress (TMC) MP Mahua Moitra on Saturday said the BJP's "cash-for-questions" allegation against her has "failed" as there is no evidence to back it and questioned how "dodgy FPI owned Adani" got the clearance to buy ports and airports. In a post on X, Moitra said: "First BJP said 'Cash for Questions'. That failed since NO evidence to back fake allegation. Now it is 'National Security'." "Real? Not of Q&A portal that 10 people in each MP team access daily -- it is how dodgy FPI owned Adani gets MHA clearance to buy our ports and airports!" she said, without elaborating any further. Moitra's post came a day after Bharatiya Janata Party (BJP) MP Nishikant Dubey, who levelled the "cash-for-questions" allegation against her, said in a post on X that sharing the parliamentary portal login details with anyone is a violation of the agreement with the government body (NIC) managing the portal and is a security risk. The TMC MP continued her attack on the business group led by ..

AESL commissions green evacuation transmission project in Tamil Nadu

Adani Energy Solutions Ltd has commissioned a 2500 MW green evacuation 400kV system in Tamil Nadu in line with India's decarbonisation efforts

Adani Group seeking to raise $4 bn to fund green hydrogen plans

Tycoons like Adani and his rival Mukesh Ambani are betting on green hydrogen as Prime Minister Narendra Modi seeks to establish India's leadership in the transition toward cleaner technology

UltraTech Cement may present details of second phase of expansion by Dec

Company likely to present details of its second phase of expansion by December this year

From MSP to Pulwama: Here's what Satya Pal Malik said to Rahul Gandhi

On being asked about the solution to the problem in Jammu and Kashmir, Malik said that their statehood should be returned with immediate effect

Adani Total meets Hindenburg's predicted valuation with 85% plunge in stock

The shares of the conglomerate's city-gas distributor slid as much as 2.6 per cent to 575.7 rupees on Monday, taking losses from their January 24 closing of 3,891.75 rupees to 85 per cent

TMC MP Mahua Moitra targeted Adani to malign Modi: Darshan Hiranandani

Darshan Hiranandani, the CEO of real estate-to-energy group Hiranandani, who allegedly paid TMC MP Mahua Moitra to raise questions in Parliament about Adani Group, on Thursday said the TMC leader targeted Gautam Adani to "malign and embrass" Prime Minister Narendra Modi whose impeccable reputation gave opposition no opportunity to attack him. In a signed affidavit, a copy of which was reviewed by PTI, Hiranandani admitted at using Moitra's Parliamentary login to ask questions targeting Adani after state-owned behemoth Indian Oil Corporation (IOC) booked capacity at the Gujarat-based conglomerate's Dhamra LNG import facility in Odisha and not at his firm's planned facility. Moitra, he claimed, "made frequent demands" including "expensive luxury items, providing support on renovation of her officially allotted bungalow in Delhi, travel expenses, holidays, etc, apart from providing secretarial and logistical help for her travels within India and to different parts of the world." Earlie

Adani Energy Solutions commissions 765 KV Warora-Kurnool Transmission line

Warora-Kurnool Transmission is the largest 765 kV D/C (hexa conductor) TBCB (tariff-based competitive bidding) project ever awarded under a single scheme

Adani-owned Ahmedabad airport's plan to hike fees has airlines fuming

Airlines have said the sudden hike is illegal and will make charter operations unaffordable

Adani partnership remains steadfast: IHC on Adani units' stake sale

IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

Stake sales by promoters, private equity investors 2.2 times of 2022

The Nifty Midcap 100 index has rallied 27 per cent, while the Nifty Smallcap 100 index has rallied 30 per cent

Adani Group bags Rs 13,888 cr worth contracts for smart meter installation

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters. A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI. The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said. The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said. Letter of Awards have been issued to the successful firms, as per the communiqu. Officials from Adani Group were not immediately available for comment. The group's transmiss

Mumbai airport recorded 32% increase in passenger traffic in August

The airport noted that it had observed a 108 per cent recovery in passenger traffic in August 2023 compared to the pre-pandemic level in August 2019

Adani's 5.2 MW wind turbine listed in RLMM; can produce for global markets

Adani Wind announced that its 5.2 MW wind turbine generator (WTG) has been enlisted in the Revised List of Models and Manufacturers

Adani scam exposed role of tax havens in hiding regulatory violations: Cong

The Congress on Thursday alleged that the "Adani scam" has exposed the role tax havens play in hiding large-scale violation of Indian laws, and said the issue should have discussed at the recent G20 Summit. It also said that if a Joint Parliamentary Committee (JPC) probe is ordered into the allegations against the Adani Group, it will have to make sure that any loopholes for round-tripping and money-laundering are effectively shut. In a post on X, Congress general secretary Jairam Ramesh said the rise in Indian outward direct investment in the past 25 years has been a sign of deepening globalisation. "However, it is disturbing that offshore tax havens like Bermuda, Jersey and Cyprus rank among the top 10 destinations for Indian investment, according to the RBI," he said. This is in addition to Mauritius that has long been suspected as a preferred destination for Indian money-laundering and round-tripping, the Congress leader noted. "The Adani MegaScam has exposed the critical role

Sebi suppressed facts on stock manipulation by Adani: Petitioner tells SC

Market regulator SEBI suppressed important facts from the Supreme Court and "slept over" Directorate of Revenue Intelligence's letter on alleged stock manipulation by the Adani firms, one of the PIL petitioners in the Adani-Hindenburg row has alleged in the top court in an affidavit. The apex court is seized of four PILs on the Adani-Hindenburg controversy including those by lawyers M L Sharma and Vishal Tiwari, Congress leader Jaya Thakur and law student Anamika Jaiswal. On August 25, SEBI had informed the apex court it has completed the probe in all but two allegations against the Adani group, and is still awaiting information from five tax havens on the actual owners behind the foreign entities that have invested in the conglomerate. The Securities and Exchange Board of India (SEBI), in a status report to the Supreme Court, said out of the 24 matters it was probing, findings in as many as 22 are final. In an affidavit filed before the top court, Anamika Jaiswal has said while th

Adani, Emirates, Tata interested in SriLankan Airlines, claims report

Private companies, including Tata Sons, Adani Group, and Emirates, engage in discussions as the Sri Lankan government looks to privatise SriLankan Airlines

Adani Group accused of secret share trading: Here's what we know

The latest report by the Organised Crime and Corruption Reporting Project (OCCRP) against Adani Group alleges Gautam Adani's family invested millions of dollars in its own companies >