Page 7 - Adani

Gautam Adani urges students to look beyond exams after UP girl's suicide

Adani expressed his deep sorrow over the girl's death, saying it's heartbreaking to see a young life lost due to the burden of expectations

Adani Green withdraws from $442 million Sri Lanka wind power project

The Sri Lankan government had opted to review and renegotiate the terms to bring the cost below $0.06 per unit from $0.0826, negotiated by the previous administration

Adani to spend Rs 6,000 cr on setting up health infra with Mayo Clinic

Adani Group will spend Rs 6,000 crore in setting up two 1,000-bed multi-specialty hospitals and medical colleges in Mumbai and Ahmedabad in partnership with Mayo Clinic. The expenditure is part of Rs 10,000 crore that Gautam Adani, chairman of Adani Group, had pledged when his younger son Jeet got married last week. Mayo Clinic, the world's largest integrated not-for-profit medical group practice, will provide technical expertise, Adani Group said in a statement. "Adani Group will fully meet the cost of building affordable, world-class medical care and medical education to people from all strata of society pan India," it said. "The family will donate upwards of Rs 6,000 crore to build the first two of these integrated health campuses in Ahmedabad and Mumbai." Gautam Adani has plans for more such integrated Adani Health Cities in cities and towns across India, the statement said without giving details. Each of these integrated campuses will comprise 1,000-bed multi-super-specialty

Adani donates Rs 10,000 crore from personal wealth for social projects

Announcement made on the occasion of son's wedding

MIAL to redevelop T1, increase annual passenger handling capacity

Mumbai airport operator MIAL on Tuesday said Terminal 1 will be demolished and redeveloped to increase the passenger handling capacity and the work will commence in a phased manner from November. The Chhatrapati Shivaji Maharaj International Airport (CSMIA) is operated by the Mumbai International Airport Ltd (MIAL), which is managed by Adani Airport Holdings Ltd (AAHL). "In November 2025, the transformation of Terminal 1 will proceed in carefully planned phases, ensuring minimal disruption. During the construction, Terminal 2 (T2) will shoulder the additional traffic," MIAL said in a release. The initial phase involves the demolition of the existing structure, starting November 2025, followed by construction of the new terminal. Once complete, the new T1 will be able to manage 20 million passengers annually, a 42 per cent boost in capacity, the release said. The work for the new T1 is scheduled for completion in 2028-29. T2 and the Navi Mumbai International Airport will manage the

No change in strategy, focus: Adani Wilmar Deputy CEO & CFO, and MD & CEO

We are considering a couple of options for the name change. And of course, when Adani exists, they would certainly not like to have Adani name being associated with the company, Shrikant Kanhere said

Adani Total Gas Q3 results: Profit drops 19% to Rs 142 cr, revenue up 13%

Adani Total Gas Q3 results: The company had reported a net profit of Rs 176.64 crore during the same period last year

Sri Lanka power project not cancelled, tariff is being re-evaluated: Adani

"Reports that Adani's 484 megawatt (MW) wind power projects in Mannar and Pooneryn have been cancelled are false and misleading," Adani Group spokesperson said

Adani Wilmar starts Rs 1,300-cr food processing plant in Haryana's Sonepat

Edible oil firm Adani Wilmar Ltd has commenced operation of its food processing plant at Sonepat, Haryana, which it has established with an investment of nearly Rs 1,300 crore. In a regulatory filing on Thursday, Adani Wilmar said the company has commenced operations at its integrated food processing plant in Gohana, District Sonepat. "This food complex is one of the largest in the country built with a capital outlay of Rs 1,298 crore coming from IPO proceeds," the company said. The plant will help generate 2,000 direct and indirect employment in Haryana. The facility spread across 85 acres, has a total annual production capacity of 6.27 lakh tonnes. The plant will manufacture 4,50,000 tonnes of food products including rice, wheat flour, suji, rawa, and maida, along with 2 lakh tonnes of edible oils such as mustard oil, rice bran oil, and cottonseed oil, apart from Mustard DOC and Ricebran DOC for animal feed. Last month, business conglomerate Adani Group announced its exit from A

Adani Energy Solutions Q3 results: Net profit jumps 73% to Rs 561 crore

Segment-wise, AESL said the under-construction transmission pipeline increased to Rs 54,761 crore in Q3FY25 from Rs 17,000 crore earlier

Adani seeks partial de-notification of its multi-product SEZ at Mundra

Adani Ports & Special Economic Zone Ltd has approached the Centre for partial de-notification of its multi-product SEZ in Mundra, Gujarat, and the proposal will be taken up by the commerce ministry on Friday. The proposal will be discussed in the meeting of the Board of Approval, the highest decision-making body for special economic zones (SEZs). The board, headed by Commerce Secretary Sunil Barthwal, will meet here tomorrow. "Adani Ports & Special Economic Zone (APSEZ) Ltd has requested for partial de-notification of 333.7396 out of 8282.7670 Ha. As regards reasons, the developer has submitted that due to stiff competition in the solar market and severe dumping of solar equipment into India, the units in EMC (Electronics Manufacturing Cluster) are becoming economically unviable within the SEZ," according to the agenda of the meeting. To survive in this difficult market, it has become essential for these units to exit from SEZ, it noted. "In view of this, the constituent units

Adani Energy Solutions Q3 results: Net profit jumps 80% to Rs 625 crore

Adani Energy Solutions on Thursday posted a nearly 80 per cent rise in its consolidated net profit to Rs 625.30 crore in December quarter compared to a year ago on the back of higher revenues. The company reported a consolidated net profit of Rs 348.25 crore in the quarter ended on December 31, 2023, a BSE filing showed. Total income rose to Rs 6,000.39 crore in the quarter from Rs 4,824.42 crore in the same period a year ago.

Meet Diva Shah, daughter of diamond tycoon, set to wed Adani's youngest son

On February 7, 2025, Gautam Adani's son Jeet Adani is set to marry Diva Jaimin Shah. Diva Shah is the daughter of diamond trader Jaimin Shah, owner of C Dinesh & Co. Pvt. Ltd

From Adani to Vedanta, global giants drop anchor in Thoothukudi Port race

Adani, Vedanta, DP World among key players vying for Rs 7K crore project; bids to open on February 11, first phase set to sail by 2028

Adani's son to wed on Feb 7 in simple ceremony, no celebrity stars invited

Billionaire Gautam Adani's younger son Jeet will wed next month in a simple and traditional ceremony, without any pomp and show and celebrity stars. Adani, on Mahakumbh pilgrimage with his family, scorched speculations of a star-studded wedding of his son Jeet with Diva Shah, daughter of Surat diamond merchant Jaimin Shah. "It will be a very simple, traditional marriage... just like common people," he told reporters here. Ahead of the marriage, it was being speculated that the wedding will be another extravagant spectacle after rival billionaire Mukesh Ambani's youngest son Anant's. Responding to a question if the wedding were going to be a "Maha Kumbh of celebrities", the billionaire said, "Definitely not!" In recent days, social media has been abuzz with speculations that the guest list at the wedding could include likes of Elon Musk to Bill Gates, with Taylor Swift performing. Jeet, 28, got engaged to Diva in March 2023 in a private ceremony in Ahmedabad. The wedding is also to

Adani made Rs 10,000 commission from first trade in 1981 at the age of 19

Billionaire Gautam Adani, a college dropout who built a multi-billion dollar infrastructure empire spanning ports to energy, on Monday revealed that he made a commission of Rs 10,000 from his first trade at the age of 19. Born in Ahmedabad, Adani, 62, moved to Mumbai at the age of 16 and joined a diamond assortment company. He quickly picked up trade and in about three years, started his own diamond trading brokerage in Mumbai's Zaveri Bazar. "I still recall the day I did my first trade with a Japanese buyer. I made a commission of Rs 10,000. I was 19 years old, and this was the start of my journey as an entrepreneur," he said while speaking at the Adani International School here. This was in the year 1981. He soon returned to Gujarat to help his elder brother Mahasukhbhai run a small-scale PVC film factory the family had acquired in Ahmedabad. In 1988, he set up a commodities trading venture under Adani Exports and listed it on the bourses in 1994. The firm is now called Adani ...

Hindenburg's Nate Anderson: Man who 'shook empires that needed shaking'

In his parting shot, Anderson said he was naïve about the dangers he would face when he started Hindenburg but was drawn to the path he chose "magnetically"

As Hindenburg shuts shop, a look at its market-shaking short bets

The firm bet against publicly listed companies they believed had accounting issues, was being mismanaged or committing fraud, typically following a long period of investigation

8th pay commission, ISRO, Adani shares, Hindenburg closure, Infosys earnings & more

The central government has approved the formation of the 8th Pay Commission for central government employees. The tenure of the Seventh Pay Commission ends in 2026.

Dubai's Emaar in talks with Adani, others to sell stake in Indian business

The statement followed media reports on Wednesday stating that Adani Realty was in advanced talks to acquire a majority stake in Emaar India