Page 9 - Adani

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

Adani group stocks rally as Hindenburg shuts shop, NDTV surges over 9%

Adani group stocks rallied on Thursday after Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from market value of his group companies, founder Nate Anderson announced its shutdown. Shares of NDTV surged 9.15 per cent, Ambuja Cements jumped 3.88 per cent, Adani Green Energy rallied 3.35 per cent, Sanghi Industries climbed 3.34 per cent and Adani Power went up by 2.45 per cent on the BSE. The stock of Adani Ports advanced 2.03 per cent, Adani Total Gas (1.78 per cent), Adani Enterprises (1.74 per cent), Adani Energy Solutions (1.54 per cent) and ACC (0.77 per cent). Shares of Adani Wilmar, however, declined 1.19 per cent. In intra-day trade, NDTV zoomed 15.59 per cent, Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent, Adani Enterprises climbed 7.72 per cent, Adani Total Gas jumped 7.10 per cent and Adani Energy Solutions advanced 6.63 per cent The stock of Adani Ports climbed 5.48 per

Short-seller Hindenburg Research behind Adani Group selloffs disbanded

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday. As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today, Anderson announced. In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies. The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking

Adani top bidder for 124-km NH stretch in Tamil Nadu, offers Rs 1,692 cr

The National Highway Authority of India further plans to monetise 86 highway stretches, covering 4,912 km, as a part of its strategy to raise funds for infrastructure development and debt reduction

Adani Energy up 14% on posting Q3 biz update; here's what company revealed

In Q3, the company's transmission network expanded to 26,485 circuit kilometres (ckm), a 29.7 per cent increase as compared to 20,422 ckm a year ago

Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals

Listed entities of top five groups collectively account for 15.3% of total value

Adani announces Rs 65K cr investment in energy projects in Chhattisgarh

Industrialist Gautam Adani on Sunday called on Chhattisgarh Chief Minister Vishnu Deo Sai and announced an investment of Rs 65,000 crore in the Adani Group's energy and cement projects in the state, officials said. Adani met Sai at the latter's official residence in Chhattisgarh capital Raipur, a statement issued by the state's public relations department said. During the meeting, Adani announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba and Raigarh in the state. This expansion will enhance Chhattisgarh's total power generation capacity by an additional 6,120 MW, the statement said. Additionally, the Adani Group chairman also committed Rs 5,000 crore for the development and expansion of the group's cement plants in the state, it said. On the advice of the CM, Adani also assured the state government of a Rs 10,000 crore impetus over the next four years to support initiatives in education, healthcare, skill development and tourism und

Youngest world chess champion Gukesh Dommaraju meets Gautam Adani

Billionaire Gautam Adani called teenager Gukesh Dommaraju -- who became the youngest world chess champion by beating defending champion Ding Liren of China -- a testament of India's unstoppable youth. The chess champion, along with his parents, met Adani in Ahmedabad. "It was an absolute privilege to meet and hear the victory story of reigning World Chess Champion @DGukesh," Adani, chairman of ports-to-energy Adani Group, said in a post on X. Posting pictures with the teenager and his parents, Adani said, "Equally inspiring was meeting his incredible parents, Dr Rajinikanth and Dr Padmavathi, whose quiet sacrifices laid the foundation for his success." "At just 18, Gukesh's poise and brilliance are a testament to India's unstoppable youth. Prodigies like him are inspiring a new generation, building an army of champions ready to dominate global chess for decades. This is the confident, resurgent and rising India. Jai Hind!" he said. Gukesh became the 18th world champion after defea

ISRO SpaDeX mission, farmer protest, Adani Enterprises, IND vs AUS & more

ISRO will launch its Space Docking Experiment mission at 10 PM tonight. This mission marks India’s first in-space docking technology demonstration using two small spacecraft.