Page 19 - Gautam Adani

Acche din for Adani stocks over, or will the run continue? Key tech levels

Adani Enterprises, Adani Power and Adani Wilmar can potentially rally up to 30 per cent from present levels, suggests the key retracement ratios.

Gautam Adani reclaims title of Asia's richest man with net worth of $111 bn

With this, Adani has overtaken Reliance Industries' Mukesh Ambani after nearly 5 months

Adani Group firms make comeback, deliver record 45% Ebitda growth in FY24

Adani Group companies posted a record 45 per cent rise in pre-tax profit (EBITDA) to Rs 82,917 crore (about USD 10 billion) in FY24 as the apples-to-airport conglomerate made a massive comeback, the group said on Sunday. Emerging from a damning report of a US short seller, which hit the market value of its listed companies, Adani Group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54 per cent. As much as 84 per cent of EBITDA is from 'core infrastructure' businesses, providing highly predictable cash flows. Cash profit or funds flow from operations (FFO) was at Rs 56,828 crore, registering a growth of 51 per cent year-on-year through a disciplined investment strategy providing high conversion, Adani Group said in a statement. Strong Asset Base built over three decades supporting resilient critical infrastructure stands at Rs 4,78,137 cro

'Why Varanasi Port to Adani?: Congress' barrage of 272 questions for Modi

Days before the Lok Sabha poll results, the Congress launched a fresh attack on PM Narendra Modi on Friday with a list of 272 questions, which included raising issues about his Varanasi Lok Sabha seat

Adani in talks with Paytm to acquire stake? Speculative, says fintech firm

One97 Communications said reports claiming that Gautam Adani, chairman of the Adani Group, is considering acquiring a stake in Paytm's parent company One97 Communications are speculative

GQG Partners, Qatar Investment and IHC make hefty gains on Adani bets

The Adani group shares, which had crashed after a report by the short seller Hindenburg Research in Jan 2023, recovered after the promoters sold their shares in various group cos to GQC Partners

Adani Enterprises recovers all stock mkt losses sparked by Hindenburg

The flagship's stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023

Adani Enterprises stock at 16-mth high; here's what aided the recent gains

Adani Enterprises stock update: The stock was up 2 per cent in Friday's intra-day deals after the company said its board will meet on 28 May to consider fund raise.

PM avoids debate, can't answer questions on links with Adani, Ambani: Rahul

Congress leader Rahul Gandhi on Saturday claimed that Narendra Modi is refusing to have a debate with him as the prime minister cannot answer questions about his "links" with a few favoured businessmen and how he "misused" electoral bonds. Addressing a public meeting organised by the Congress in Delhi, he urged workers of his party and of the Aam Aadmi Party to work together and ensure victory for their alliance on all seven Lok Sabha seats in the national capital. "It's interesting that I'll vote for AAP and Arvind Kejriwal will vote for Congress in these elections," he said. Gandhi said the first aim of everyone should be to save the Constitution from those "hell-bent on destroying it". Attacking the prime minister, the Congress leader said, "PM Modi is giving non-stop interviews to his favourite journalists but he will not have a debate with me because he knows he cannot answer my questions." "PM Modi talks about the Congress getting tempo-loads of money from Adani-Ambani, but

Adani Enterprises to invest Rs 80k cr in current fiscal, says official

Adani Enterprises, billionaire Gautam Adani-led group's flagship firm that has interests spanning from new energy to airports and data centres, plans to spend Rs 80,000 crore across businesses in the current financial year, a senior company executive said. A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, at an analyst call, transcript of which was released by the company. "We are looking at a capex of about Rs 80,000 crore in FY25, out of which a major part...will go in ANIL and airports business which take up about Rs 50,000 crore of capex," he said. ANIL is Adani New Industries Ltd which makes solar modules that convert sunlight into electricity, and green hydrogen. "Then the third would be in roads, which, because of Ganga Expressway, will be capex of Rs 12,000 crore and rest put together in other businesses," he said. "Because we are also ...

Rahul Gandhi's stance on Adani and Ambani: Silence or vocal opposition?

Over the past week, Congress leader Rahul Gandhi has consistently referenced 'Adani and Ambani' in almost every public address

How to trade Ambani, Adani stocks before Lok Sabha election outcome?

Caution advised at Ambani and Adani group stocks, as Reliance, Jio Fin, Adani Enterprises and Adani Ports trade at key support levels, show technical charts.

PM Modi to Congress: How much black money did you get from Adani-Ambani?

Prime Minister Narendra Modi asked if the Congress had received huge sums of money from Ambani-Adani since Rahul Gandhi stopped attacking them suddenly

LS polls: Gautam Adani, UP guv Patel exercise their franchise in Gujarat

Uttar Pradesh Governor Anandiben Patel, industrialist Gautam Adani and spiritual leader Morari Bapu were among prominent personalities who cast their votes in Gujarat in the third phase of the Lok Sabha election on Tuesday and urged the people to come out in large numbers to exercise their franchise. A post in the governor's 'X' handle said, "Uttar Pradesh Governor Anandiben Patel exercised her franchise today with her family at Shilaj Primary School, Shilaj, Ahmedabad and appealed to all the voters to vote." Candidates of the BJP, Congress and Aam Aadmi Party (AAP) and leaders from social and corporate sectors, including Adani Group chairman Gautam Adani, spiritual guru Morari Bapu, Rajya Sabha MP Shaktisinh Gohil, among others, exercised their franchise during the day. "This is a mahaparv of democracy, and I would appeal to all the citizens to cast their votes because that is how democracy wins. India is marching ahead and will continue to do so," Adani told media persons after .

Modi made 22 billionaires, INDIA bloc will make crores of 'lakhpati': Rahul

Congress leader Rahul Gandhi on Tuesday criticised Prime Minister Narendra Modi, alleging that he wanted to hand over 'Jal, Jungle, Jameen' belonging to tribals to industrialists. Addressing an electione rally in Jharkhand's Chaibas, Gandhi promised to make crores of people 'lakhpati' if voted to power. Asserting that this Lok Sabha election is for saving the Constitution and the rights of tribals, poor and backward, he said INDIA bloc leaders were ready to sacrifice their lives to save the Constitution. The former Congress president said, "PM wants to handover tribals' 'Jal, Jungle, Jameen' to 14-15 industrialists...he made 22 people billionaires in his 10-year tenure... We will make crores of lakhpatis if voted to power and provide Rs 1 lakh annually to poor women." He also promised to provide one-year apprenticeship to unemployed diploma holders and graduates.

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

Adani Ports Q4FY24 results: Net profit rises 76% to Rs 2,040 crore

Company expects cargo traffic to rise to 500 mmt in 2025

Adani Enterprises Q4FY24 results: Net profit drops 37% to Rs 450.58 crore

The company announced an interim dividend of Rs 1.3 per share

Adani Power Q4 result: Net profit down 48% at Rs 2,737 cr, revenue up 30%

Adani Portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation's economic growth, says Gautam Adani

Adani Energy Solutions' Q4 result: Net profit declines 13% to Rs 381 cr

Adani Energy Solutions Ltd (AESL) on Tuesday posted a 13.26 per cent fall in its consolidated net profit to Rs 381.29 crore during the quarter ended March 2024 on account of increased expenses. Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23 financial year, the company said in an exchange filing. For the whole Financial Year (FY) 24, the company reported a net profit of Rs 1195.61 crore, down from Rs 1280.60 crore in FY 23. During the fourth quarter, the company's total income surged to Rs 4,855.18 crore from Rs 3,494.84 crore a year ago. The income in FY 24 was at Rs 17,218.31 crore as against Rs 13,840.46 crore in FY 23. The expenses were Rs 4,358.83 crore in the period under review, as against Rs 3,200.50 crore in the year-ago period. In FY 24, the expenses rose to Rs 14,978.74 crore from Rs 13,164.32 crore in the preceding financial year. In a separate statement, the company said its revenues witnessed a double-digit growth