Page 19 - Gautam Adani

Anant-Radhika pre-wedding: Rihanna's 'massive' 12-foot luggage in Jamnagar

The pre-wedding functions of Anant Ambani and Radhika Merchant began from Friday, 1 March and will go on till 3 March. Ceremony will mark the presence of big stars including pop icon Rihanna

Adani Group's Ebitda sees increase of 34% at Rs 79,000 crore in 2023

Adani Group on Thursday said pre-tax profit or EBITDA of its portfolio companies that span from apples to airports soared 34 per cent to Rs 79,000 crore in the 12-month period ended December 2023 - 2.5x of EBITDA in financial year 2021. EBITDA of Rs 78,823 crore in 2023 is compared with Rs 58,653 crore pre-tax profit in the previous year, it said in a statement. "The growth was powered by the highly stable core infrastructure platform. Growing at 35.5 per cent, it generated Rs 66,208 crore (USD 8 billion) - 84 per cent of portfolio EBITDA," it said. Domestic and international rating agencies, including S&P Global and Moody's have upgraded or positively revised the outlook for all key portfolio companies. "The portfolio continues to remain conservatively leveraged with net debt to EBITDA as low as 2.5x," the statement said adding debt coverage stood at 2.1x and gross assets to net debt at 2.5x. The group maintained high liquidity with a healthy cash balance of Rs 44,572 crore at ..

Adani holds Singapore meeting for first dollar bond since Hindenburg crisis

An executive arrived at an office tower overlooking the city state's Marina Bay in a black van on Wednesday, the first stop on a tour of international financial hubs to win over buyers

Adani shares buck trend, rally up to 5% in a slippery market

Renewed confidence among overseas investment firms has helped lift sentiment at the Adani Group counters on BSE and NSE.

GQG's stake value in Adani Group touches $10 billion as stocks rebound

The firm's initial investment of $1.9 billion in March has ballooned to $10 billion in value, helped by market gains and additional stakes, according to fund manager Sudarshan Murthy

Adani Green starts generating power at Khavda renewable power plant

Adani Green said once the Khavda plant is fully operational, it will be able to generate 81 billion units of clean electricity

A year after Hindenburg report, Adani's fortune hits $100 billion again

The Indian mogul has regained much of his wealth after a short-seller attack sent it plunging in early 2023. On Wednesday, Adani's net worth climbed $2.7 billion to $100.7 billion

Adani begins discussions for first dollar bond sale since Hindenburg

The sprawling ports-to-power empire has trimmed debt, pared founders' share pledges and landed major projects over the past year, helping to rebuild confidence among investors and lenders

Adani Enterprises Q3 results: PAT jumps to Rs 1,888 cr, revenue up 6.5%

Higher margins and volumes in coal trading drove the division's EBITDA higher despite a fall in coal prices, Adani Enterprises said in a statement

Adani Ports Q3 result: Profits surge 68%, net profit reaches Rs 2,208 cr

Adani Ports and Special Economic Zone, India's largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs

Adani Group's Ambuja Cements profit misses estimates on lower volumes

Ambuja's consolidated volumes increased 2.9% to 14.1 million metric tons in the October-December period, lower than the 5.5% growth estimated by Jefferies

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list

Adani Group to buy 6 Pilatus PC-24 business jets for top executives: Report

The deal would cost Adani Group over Rs 300 crore for all six aircraft since the purchase is from the resale market

Hindenburg report anniversary: We have emerged stronger, says Gautam Adani

A year after a damning report by a US short seller ripped through his apples-to-airport conglomerate, billionaire Gautam Adani on Thursday said the "trials and tribulations" of the past year have made the Adani group stronger as it continued on growth path, improving asset base and launching key projects, including the Dharavi redevelopment. In a column in a leading newspaper, he said the Adani group raised Rs 40,000 crore of equity -- equal to debt repayment for the next two years -- through stake sales in some firms, repaid Rs 17,500 crore of margin-linked financing, and trimmed debt. Sustained focus on operations yielded the highest-ever quarterly profit in the second quarter of current fiscal, he said. Most of the listed group companies have recouped losses induced by the Hindenburg report. "We remained committed to maintaining our growth momentum. The Group continued its investments, evidenced by our asset base growth to Rs 4.5 lakh crore," he said. "This period (of last one

Let Ram mandir's doors be gateway to enlightenment, peace: Gautam Adani

Gautam Adani's comments follow merely hours before the grand inauguration ceremony of the temple, dedicated to the revered Hindu god Ram, takes place in Uttar Pradesh's holy city, Ayodhya

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Ram temple consecration ceremony: All roads lead to Ayodhya today

Prime Minister Narendra Modi will attend the rituals on Monday, following which the shrine will be opened for the public a day later

UltraTech Cement's Q3 profit rises 68% on the back of price hikes, demand

Revenue from operations climbed about 8% to Rs 16,740 crore for three months ended Dec. 31, beating analysts' average estimate of Rs 16,619 crore, as per LSEG data.

Adani Group firms face busy HR year, see internal rejig as businesses grow

Spokesperson says similar adjustments made in the past while expanding into new sectors

WEF: Green hydrogen to lead towards zero carbon future, says Gautam Adani

Writing in a blog post on the World Economic Forum site, Adani said for India, the equitable solution is not to replace one fossil fuel with another but to leapfrog to renewables and green hydrogen