Page 30 - Adani

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

Power Mech gets orders over Rs 1,034 crore from Adani Group, others

Power Mech Projects (Power Mech) on Monday said it has bagged three projects, including one from the Adani Group, totalling Rs 1,034.13 crore. In a regulatory filing, the company said it has received service order/letters of award (LOA) worth Rs 1,034.13 crore. A service order for execution of retrofitting of flue gas desulphurisation (FGD) system is from the Adani Group for its thermal power plants located at Mahan (Madhya Pradesh), Raigarh and Raipur in Chhattisgarh, Power Mech said. The order from the Adani Group is of Rs 608 crore, it said. Another order of Rs 306.60 crore is for setting up of a wagon repair workshop at Kazipet, Telangana. This project has been awarded to Power Mech-Taikisha, its joint venture company with Taikisha Engineering India Private Limited. The third project of Rs 119.53 crore is for providing technical expert, rotary technicians operation and maintenance services at Dangote Petroleum Refinery and Petrochemicals Project, Lagos, Nigeria. The contract

Coca-Cola India partners with Adani Digital Labs for product sampling

Beverage major Coca-Cola India on Thursday said it is partnering with Adani Group subsidiary -- Adani Digital Labs -- to optimise the reach of its brands to consumers across the country. As part of this, Coca-Cola India is working with Adani Digital Labs to use the consumer-centric platform for product sampling and develop deep consumer insights, a joint statement said. Coca-Cola is among the first brands to make its products available on this platform, it added. Under this, select new products under Coca-Cola India's portfolio, namely 'Fanta Apple Delite' and 'Charged by Thums Up' will be made available for sampling at some of India's top airports. Adani Digital Labs is the digital arm of Adani Group, which allows brands to interact with large numbers of travellers and target customers with high spending and purchasing power. The platform is currently live at the seven key airports located in Mumbai, Ahmedabad, Jaipur, Lucknow, Guwahati, Mangalore, and Thiruvananthapuram & Adani

Senior journalist Ravish Kumar resigns from NDTV amid Adani takeover

Ravish Kumar has been an integral part of NDTV for more than two decades and has been conferred with the prestigious Ramon Magsaysay award and Ramnath Goenka Excellence in Journalism Award twice

NDTV shares continue to rally for the fifth day, surge nearly 25%

This is the fourth straight day that the stock has hit the upper circuit, BSE data showed

Muted response to RCAP bid process as only 5 companies submit bid

The final round of Reliance Capital's bidding process has received a poor response from the bidders as the big players like Adani and Tata have not bid for the company or its multiple subsidiaries

Adani Properties bags Rs 5,069 crore Dharavi redevelopment project

DLF and Shree Naman Developers were the other two bidders

NDTV promoter firm RRPR Holding transfers 99.5% shares to Adani's VCPL

Ongoing open offer draws bids for 5.3 mn shares as of Monday's close

SC dismisses Tata Power's appeal against MERC awarding project to Adani

After several power outages in Mumbai, the MERC in 2013 gave its approval to the detailed project report of the Aarey-Kudus electricity transmission project of Reliance Energy

13 companies including Reliance in final list of prospective buyers for FRL

Reliance Retail, Adani Group's JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in the final list of prospective resolution applicants after receiving no objections from stakeholders concerned to the provisional list issued on November 10, said an update from Resolution Professional for Future Retail Limited (FRL). "No objections were received pursuant to the issuance of the provisional list of the prospective resolution applicants which was issued on November 10, 2022," as per the update. Besides Reliance Retail and April Moon Retail, other prominent entities in the race are Capri Global Holdings, Dharampal Satyapal, Nalwa Steel and Power, Shalimar Corp, SNVK Hospitality and Management, United Biotech and WH Smith Travel. FRL was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans. Its lenders rejected a Rs ...

Ultratech drops out of race to buy Jaiprakash Associates' cement assets

Lack of agreement over valuation spurs decision; deal would have provided relief to Indian lenders, which have an exposure of Rs 28,753 crore to Jaiprakash

Adani group's Rs 493-cr open offer for NDTV shares to begin on Tuesday

The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore

Gautam Adani has no plans to set up family office overseas to manage wealth

Adani Group on Friday said the ports-to-energy conglomerate's Founder and Chairman Gautam Adani is not considering setting up a family office overseas to manage his wealth. With a USD 58 billion addition to his personal wealth propelling him to the throne of Asia's richest and world's third wealthiest man, it was reported that Adani was looking at Dubai or New York as the base for the office. "Neither Adani nor the Adani Family has any plan or is in consultations to open a family office overseas," the group said in a statement. Adani has a net worth of USD 135 billion.

NDTV promoters may not challenge Adani group's open offer in court

On Tuesday, NDTV shares closed trade on the BSE at Rs 384.10 apiece, after hitting the 5-per cent upper circuit during the day

Sebi approves Adani's open offer for 26% additional stake in NDTV

Last week, the Adani group had revised the open offer timeline to Nov 22; offer price of Rs 294 a share is at a 24% discount to NDTV's closing price of Rs 365.85 on Monday

Adani group gets approval for NDTV open offer boosting takeover bid

Adani is now one step closer to gaining a larger footprint in India's media sector

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Adani, Reliance among 15 bidders in race to buy Future Retail's assets

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest

AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

Adani New Industries installs wind turbine, taller than Statue of Unity

A wind turbine taller than the world's tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd as part of its renewable energy expansion plans. "Adani New Industries Limited (ANIL) on Thursday announced the installation of country's largest Wind Turbine Generator (WTG) in Mundra, Gujarat," a company statement said. The turbine has been installed by Mundra Windtech Ltd (MWL), a wholly-owned subsidiary incorporated by Adani Enterprises Ltd (AEL). This prototype is also the first addition to the portfolio of Adani New Industries Ltd (ANIL) and has laid the foundation for installation of even bigger wind turbine generators, it stated. Milind Kulkarni, Chief Operating Officer (COO), MWL, said, "The proto assembly was completed in a record of 19 days. It is installed, commissioned, and we shall soon go for a type certification now." "This prototype has laid a foundation stone for us to go for