Page 22 - Gautam Adani

This person's net worth jumped most in 2023. And it's not Adani or Ambani

In terms of wealth gain in India, 73-year-old Savitri is followed by KP Singh of DLF and Kumar Birla of Aditya Birla Group

Adani Group acquires majority stake in news agency IANS for undisclosed sum

Billionaire Gautam Adani's group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises -- the firm that holds the group's media interest -- said its subsidiary "AMG Media Networks Ltd has acquired a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd." The company did not disclose the acquisition price. Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV. AMNL was the vehicle for these acquisitions as well. In the filing, it said, "AMNL has also signed a shareholders' agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS." IANS had a revenue of Rs 11.86 crore in the fiscal yea

Adani Group reports 13.7% rise in cash reserve to Rs 45,895 crore

Adani group companies have reported a 13.7 per cent rise in cash reserve to Rs 45,895 crore in the first half of the current fiscal as earnings across the business rose while debt was almost unchanged. In the half-year credit performance report, Adani said while EBITDA rose to Rs 71,253 crore in April-September this fiscal from Rs 57,219 crore a year back, gross assets increased 6 per cent to about Rs 4.5 lakh crore. Gross debt was almost unchanged at Rs 2.26 lakh crore, but after considering cash reserves, the net debt at Rs 1.80 lakh crore was 3.6 per cent less than Rs 1.87 lakh crore in April-September 2022. The group's flagship incubator Adani Enterprises Ltd and ports unit Adani Ports and Special Economic Zone were top EBITDA earners. The two also account for 37 per cent of the cash balance in the group. Adani Enterprises had the biggest debt of Rs 103,926 crore, followed by APSEZ Rs 99,901 crore and Adani Power Ltd Rs 91,742 crore. City gas firm Adani Total Gas Ltd had the .

Biggest money heist since 1947: Jairam Ramesh's Adani reference to PM Modi

The senior Congress leader said that the people pay the price for Adani's rise via "inflated electric bills"

Adani Group contractor probed by govt resurfaces under a new name

The contracting firm - Howe Engineering Projects (India) Pvt Ltd. - contains the core operations of a business called PMC Projects Pvt Ltd. that India's government alleged in 2014 was being used

Adani group to spend Rs 7 trn in capex over next ten years across verticals

Adani group will spend Rs 7 lakh crore in capital expenditure over the next 10 years and its billionaire chairman Gautam Adani has shared some details of the plans which will further consolidate the conglomerate's position as infrastructure leader in India. Adani in posts on X, formerly Twitter, has over the last few days detailed 'green' initiatives of the investment plan across some verticals of the apples-to-airport conglomerate. "The portfolio recently announced its plan to invest over Rs 7 lakh crore over the next 10 years to consolidate its preeminent position as the largest infrastructure player in India," Adani Energy Solutions said in a stock exchange filing. While flagship Adani Enterprises Ltd incubates and develops new businesses spanning mining, airports, defence and aerospace, solar manufacturing, roads, metro and rail, data centres and resource management, its ports business is on a greening drive. "By 2025, we will set a national benchmark being the only carbon-neut

Adani's bond rebound almost erase losses incurred from Hindenburg report

The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again

Adani Green lays out plan for repaying $750 mn bond to restore confidence

Adani Green Energy Ltd., part of billionaire Gautam Adani's empire, will redeem the notes in full by the due date, it said in a filing to the Singapore stock exchange

Adani Electricity to provide 60% of renewable electricity to Mumbai by 2027

Adani Electricity supplied 100% renewable energy to its 3 million subscribers in Mumbai for 4 hours on Diwali

Adani Group's $79 billion rally makes a winner of GQG's Rajiv Jain

Jain acquired Adani shares weeks after a brutal shortseller report had battered the ports-to-power conglomerate and wiped out more $150 billion in market value

Group to invest $75 bn to scale up AGEL's RE portfolio to 45 GW: Adani

Adani Group has plans to invest USD 75 billion on energy transition initiatives by 2030, its chairman Gautam Adani said on Wednesday. The investments will boost the group's vision to have 45 gigawatt of renewable energy capacity by 2030, Adani said in a statement. "We are committed to largescale renewables, developing an indigenous fully integrated manufacturing ecosystem and green hydrogen solutions. At the Adani portfolio level, a total investment of USD 75 billion by 2030 on our energy transition initiatives will further our vision to have 45 GW renewable energy capacity by 2030 and strengthen the pivotal role played by AGEL in India's glide path to decarbonization," the group chairman said. The investments will be executed through Adani Green Energy Limited (AGEL). AGEL has emerged as the second-largest global solar PV developer in the US-based Mercom Capital Group's latest annual global report. "The company's outstanding performance and contribution to the renewable energy ..

Gautam Adani's next milestone is plan for $1.25 billion of green arm debt

We are coming close to timelines where we would like to see a concrete and definitive plan" Abhishek Dangra, a Singapore-based infrastructure analyst at S&P Global said

Gautam Adani pitches for balanced approach towards energy at COP28

As world leaders dwell on the language of the final outcome of climate talks, billionaire Gautam Adani on Tuesday made a pitch for adopting a balanced approach that takes into account energy costs and availability while continuing to accelerate on green ambitions. At the 28th UN Climate Change Conference in Dubai, called COP28, 118 governments pledged to triple the world's renewable energy capacity by 2030 but have not been able to arrive at the language to be used in the outcome document for cutting the share of fossil fuels in the world's energy production. "In the midst of initial encouraging signs from COP 28, it is relevant to remember that while in sum total (given our 1.4 billion population) we are the world's third largest primary energy consumer, our per capita electricity consumption @ 1250 kWh is still less than one-third of the global average and less than one-seventh of the developed world," Adani said in a post on X. India, he said, is also the only large nation ahead

Adani Green Ltd seals its biggest ever project financing of $1.36 billion

The green loan facility will help enable the development of AGEL, the world's largest renewable energy park, at Khavda in Gujarat

Gautam Adani's wealth swells by $10 billion on relief stock rally

"The general view is that the worst is behind and now we will not hear about Hindenburg," said a portfolio manager said

Adani Group plans $84 billion spending after Hindenburg market rout

During an annual address to shareholders in July, Adani announced grand expansion targets across his ports, energy and infrastructure businesses

Stock rally puts Gautam Adani back in world's 20 richest billionaires list

The group stocks surged since Monday after the Supreme Court reserved its judgement on the charges made by the Hindenburg report

Gautam Adani back in world's top 20 richest billionaires after stock rally

Adani is now the 19th richest person in the world, with a net worth of $66.7 billion

PM Modi diverts attention, Adani dupes people: Rahul Gandhi in Rajasthan

Rahul Gandhi calls PM Modi "Panauti Modi", a term associated with bringing bad luck, with reference to the Prime Minister's presence at India vs Australia ICC World Cup final

India a $4 trillion economy? Adani to Fadnavis hail, but no official word

Billionaire Gautam Adani to two Union Ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis among others on Sunday hailed India crossing USD 4 trillion mark though there was no official confirmation if the country has achieved the landmark. The finance ministry and the National Statistical Office did not immediately comment on the viral social media post on India's GDP crossing USD 4 trillion. Highly placed sources said that the viral news was incorrect and India was still shy of that landmark. An unverified screengrab from the live tracking GDP feed for all countries based on International Monetary Fund data has been widely shared on social media, including by many including senior BJP leaders. It is very difficult to have live tracking of GDP numbers of all countries as numbers of various sectors of the economy are available with a lag. "Congratulations, India. Another two years to go before India becomes the 3rd largest nation in terms of Global GDP by overtaking Ja