Page 25 - Adani

Adani's Dharavi ambitions

The project ups the stakes on implementation

Dharavi project: 8 months after Adani's winning bid, approval pending

Adani Realty was declared the highest bidder in 2022, but there has been no progress in issuing the letter of authorisation

Adani aims to close planned $4 bn fundraising by end-December: Report

The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private

Adani buys 30% in Trainman's owner Start Enterprises for Rs 3.5 cr

Adani Enterprises, the flagship firm of billionaire Gautam Adani's group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman. Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL. In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore. SEPL had a turnover of Rs 4.51 crore in 2022-23 (April 2022 to March 2023) fiscal year. While last month, Adani Enterprises had described SEPL as "an online train booking and information platform," on Saturday it described the firm as one into "e-commerce and website development." The announcement last month had led to a mini-controversy with Congress general secretary Jairam Ramesh seeking to suggest that Adani's takeover of Trainman may eventually result in the takeover of IRCTC - the India

IPO fundraising shrinks, block deals robust during first half of CY23

So far in 2023, 7 companies have completed their IPOs and raised a cumulative Rs 6,910 crore. By comparison, 16 companies had raised a record Rs 40,310 crore during the same period last year

AdaniConneX raises $213 mn for setting up 2 data centres in Chennai, Noida

Joint venture says Indian and international banks have committed financing for the project

Market regulator warns against premature conclusion to Adani probe

India's Supreme Court is hearing an appeal from SEBI to give it an additional six months to complete its probe into the Adani group

TMS Ep430: Adani & Vedanta, higher pension, capital goods stocks, ONDC

Have Adani and Vedanta turned the corner? Is the promise of a higher pension a chimera? Will capital goods stocks extend their dream run? What is ONDC? All answers here

APSEZ cargo handling up 9% in FY23, customs receipts rise 96% in 2 yrs

India's largest transport utility will spend Rs 850 cr over time to upgrade port infrastructure

Adani airports' duty-free shops to give more space to non-liquor items

Liquor ++ strategy for extracting maximum revenue from duty-free shops at seven airports run by the group

Sensex crashes over 900pts intra-day: 5 factors behind Monday's market rout

Analysts attribute fallout in domestic equities due to investors' fear of a domino effect after the collapse of big financial institutions in the US, and Europe

Conglomerates, cronyism, brandless growth

It's good that cronyism is being debated robustly. But the much bigger failure of incredibly powerful, rich and successful conglomerates - Adani, Ambani, Tata- lies in India's fully brand-free growth

Questions raised over Gautam Adani sibling Vinod's related party status

Issue stems from multiple disclosures made by the group; Promoter group entities are typically considered related parties

Vinod Adani part of promoter group of various listed firms: Adani Group

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Adani group seeks to sell stake in Ambuja Cements for $450 million

Adani on Thursday made a formal request to international lenders to sell 4 per cent to 5 per cent in Ambuja Cements, his cement business, the report said

Contract to Adani skill centre without tender, says Gujarat govt

The Bharatiya Janata Party government in Gujarat on Thursday told the state Assembly there was no tendering process to award a contract for the 'Adani Skill Development, Ahmedabad' facility meant to impart training to Scheduled Caste youths. Responding to query from Aam Aadmi Party (AAP) MLA Hemant Ahir during Question Hour, state Social Justice and Empowerment Minister Bhanuben Babariya said the Director of Scheduled Caste Welfare had signed a contract with the entity to train SC youths in March 2019 and issued a work order in August 2019. As per the contract, the state government would pay Rs 13.98 crore to Adani Skill Development to train these youths, of which Rs 7.87 lakh had been paid in the last two years, as per the minister's written reply. In reply to a sub-question on whether a tender process was followed, Babariya replied in the negative, adding further not a single SC youth was imparted training in 2021 and 2022 by the entity. As per the official website, 'Adani Skill

Adani-Hindenburg case: Supreme Court sets up expert committee for probe

The committee consists of OP Bhat, JP Devdatt, Nandan Nilakeni, KV Kamath, and Somasekharan Sundaresan as the members. Former SC judge AM Sapre will lead the panel

Gautam Adani slips to 32nd in rich list, net worth shrinks to $37.7 billion

Indian billionaire Gautam Adani's net worth has shrunk to $37.7 billion, taking him to 32nd on the Bloomberg Billionaire Index

After $135-billion wipeout, Adani Group plans multi-pronged comeback

Besides a campaign to portray themselves as responsible borrowers with prepayments and on-time payments of debt, executives have also kicked off a series of meetings to pacify overseas bondholders

Most Adani Group dollar bonds exit distressed levels on debt promises

Among the gainers were Adani Electricity Mumbai's dollar 2031 notes, which rose 0.7 cent to 72 cents as of 1.07 pm in Hong Kong