Page 16 - Gautam Adani

Adani in talks to acquire Heidelberg's Indian cement unit for $1.2 billion

The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement

Adani's proposal to run Kenya's main airport sparks protests, lawsuits

A court has already frozen Adani's unsolicited bid to expand Jomo Kenyatta International Airport

Adani Group, Bombardier explore partnership to boost Indian aviation sector

Discussions between Adani Defence & Aerospace and Canadian jet manufacturer Bombardier primarily focused on aircraft services, maintenance, repair, and overhaul (MRO)

DreamFolks asserts contract validity amid lounge access disruption

AAHL has allowed lounges at Adani-operated airports to accept all major debit and credit cards from other access providers

Investec bets on Adani Green, initiates with 'Buy'; sees 31% upside

Despite this positive outlook, Adani Green's stock was trading about 2 per cent lower at Rs 1,890.20 as of 9:26 AM, while the BSE Sensex was down 0.08 per cent to 82,920.90 levels.

Adani Group warns against fake press releases linked to its Kenya projects

The Adani Group on Monday dismissed circulating press releases about its Kenya operations as fraudulent, blaming 'vested interests with malicious intent' for the incident

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks

The Adani Group reiterated that its overseas holding structure is transparent, fully disclosed, and adheres to all applicable laws

JPC urgent to probe full extent of corruption in Adani case: Congress

The Congress on Wednesday reiterated its demand for a Joint Parliamentary Committee probe into the Adani issue, saying it is needed urgently to unearth the full extent of the corruption, monopolisation and glaring gaps in the country's regulatory system. Congress general secretary in-charge communications Jairam Ramesh cited a media report and said the latest in the "Modani magic" is the rags-to-riches journey of a private power infrastructure firm. "Diamond Power Infra Ltd was dragged to bankruptcy court in 2018. By 2022, it was taken over by Mr Gautam Adani's brother-in-law, at the price of paying Rs 501 crore to the lenders, for a company with a market cap of Rs 1,000 crore," Ramesh said in a post on X. "The firm had zero business in 2022, but by 2023-24, it had revenue of Rs 344 crore -- largely from orders placed by the Adani Group businesses. Thanks to Mr Adani's business, Diamond Power Infra Ltd is now valued at Rs 7,626 crore, a seven-fold increase in valuation," he ...

Adani Group to develop multipurpose berth at Gujarat's Kandla Port

The development will add a capacity of 5.7 MMT to the port operator's existing capacity of 580 MMT

Adani seeks intervention on power supply dues in letter to Bangladesh Govt

Adani Power is said to have invested $2 billion in setting up the Godda power unit

Adani seeks Md Yunus' assistance in getting $800 mn in payments cleared

Adani Power has been supplying electricity to Bangladesh since June last year from its 1.6 GW coal-based plant in Jharkhand's Godda via a dedicated transmission line

India to add trillion dollars to GDP every 18 months, says Gautam Adani

Addressing the students of Jai Hind College in Mumbai, Adani said post-independence, it took India 58 years to reach its first trillion dollars of GDP, 12 years for the next trillion, and just 5 years

Ambani, Adani wooing mom-and-pop investors into financial markets

Adani Enterprises, is for the first time marketing bonds to mom and pop investors. The following day, Ambani-led Reliance's board approved giving shareholders an extra share for every one they hold

Adani Enterprises kicks off its maiden bond sale aimed at individuals

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance

Rs 62k cr claims settled for just Rs 16k cr after Adani's takeover: Cong

The Congress on Wednesday cited data purportedly revealed by All India Bank Employees Association to allege that public sector banks that had claims of about Rs 62,000 crore from 10 financially-stressed companies were made to settle them for just Rs 16,000 crore after the Adani Group took over these firms. Congress general secretary Jairam Ramesh shared a screen shot of details purportedly shared by the Association which shows that 10 firms were given 'haircuts' ranging from 96 per cent to 42 per cent as they were purchased by the Adani Group. "The All India Bank Employees Association has revealed, through publicly available data, how public sector banks that had claims of about Rs 62,000 crore from 10 financially stressed companies have been made to settle for just Rs 16,000 crore after the non-biological PM's favourite business group took over these 10 companies," Ramesh said. "In the colourful language of finance, this is a 74 per cent 'haircut' taken by the banks," Ramesh ...

Adani Power to boost Kawai plant capacity with Rs 18,000 crore investment

Adani Power plans to invest Rs 18,000 crore to expand its Kawai power plant in Rajasthan, boosting its capacity from 1,320 MW to 4,520 MW in two phases

Wealth of richest 185 Indians surges past $1 trillion, one woman in top 10

A report by Fortune India-Waterfield Advisors said that the wealth of dollar billionaires in India jumped 50 per cent in just under three years

Adani tops Ambani as India's richest on Hurun list, SRK makes debut

The cumulative wealth of all individuals on the list amounts to Rs 159 trillion, accounting for more than half of India's gross domestic product (GDP)

Gautam Adani planning to revamp family offices, hire auditors and CEO

The moves aim to bring transparency in how the wealth of Asia's second-richest person, valued at $105.4 billion