Page 26 - Gautam Adani

TotalEnergies close to investing $300 million in JV with Adani Green Energy

TotalEnergies holds a 19.75 per cent stake in Adani Green Energy and is the second largest shareholder after the promoters, who control about 56.27 per cent

TotalEnergies in talks to invest in Adani Green's projects: Report

The deal would increase Total's presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects

Adani Group forms JV with Kowa for marketing of green hydrogen in Japan

Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for sale of green hydrogen in Japan, Taiwan and Hawaii markets. Billionaire Gautam Adani-led conglomerate is investing up to USD 50 billion over the next 10 years in setting up a fully integrated green hydrogen ecosystem in India. This includes the production of 1 million tonne of green hydrogen in the initial phase which will be ramped up to 3 million tonne later. "Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd, announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii," the group said in a statement. Hydrogen is a clean energy source. It is mainly used in the refining and chemical sectors and produced using fossil fuels such as coal and natural gas. Green ...

Promoters acquired 2.06% more stake in Adani Ent between Aug 21 and Sept 7

With this, the total promoter holding in Adani Group's flagship firm has now risen to 71.93%

Billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner

Among the 500 businessmen invited are Tata Sons Chairman N Chandrasekaran, billionaire Kumar Mangalam Birla, Bharti Airtel founder-chairman Sunil Mittal

Six of eight funds used to invest in Adani Group stocks now closed: Report

The closure of these funds posed a challenge for Sebi to reach the ultimate beneficiaries of these vehicles

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

The magazine said the wealth estimate of the Indian billionaires is based on stock prices as of 14 July 2023 and shareholding as of December 2022

Weekend Bites: Beleaguered tycoon, GDP, Ambani children, and Wonderlust

In which we munch over the week's platter of news and views

LIVE: ED arrests Jet Airways founder Goyal in money laundering case

Catch all the latest updates from around the world here

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

SC should take cognisance of fresh allegations against Adani Group: AAP

The Aam Aadmi Party (AAP) slammed the BJP-led Centre on Thursday following fresh allegations against the Adani Group and requested the Supreme Court to take cognisance of the charges, demanding "strictest action" against the business conglomerate. The Arvind Kejriwal-led party also said a Joint Parliamentary Committee (JPC) should be set up to probe the charges against the Adani Group and alleged that capital market regulator SEBI or any other government agency will not be able to bring out the truth in the matter as industrialist Gautam Adani is the "closest friend" of Prime Minister Narendra Modi. The AAP's demand came after the Organised Crime and Corruption Reporting Project (OCCRP) trained its guns on the Adani Group on Thursday, alleging that hundreds of millions of dollars were invested in the publicly-traded group stocks through Mauritius-based "opaque" investment funds managed by the partners of the promoter family. In a statement, the Adani Group categorically rejected wha

Rahul Gandhi targets Adani case, asks PM Modi for a JPC investigation

Congress leader Rahul Gandhi on Thursday said that since India is hosting the G20 meeting next week, such allegations affect the "image of India"

Adani Group, Hindenburg, Supreme Court and OCCRP: All you need to know

Just months after the Hindenburg report led to a sharp sell-off of Adani Group shares in the Indian share market, another report has come up with similar allegations. Here is all you need to know

No major event that needs disclosure: Adani Enterprises after Wilmar report

The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture

Adani's Dharavi redevelopment plan spurs doubts and favouritism claims

Adani is at the helm of plans to redevelop Dharavi after the Maharashtra state government in July approved his $614 million contract bid to overhaul the slum

Sebi probe likely to suggest no major lapses by Adani group companies

Report may name 6 short-sellers and mention gains they made around the time of Hindenburg report's release

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani group Ebitda grows 42% in first quarter, reaches Rs 23,532 crore

Billionaire Gautam Adani's conglomerate clocked a 42 per cent year-on-year growth in pre-tax profit, as businesses ranging from airports to power and sea ports registered impressive growth, the group said on Wednesday. All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) EBITDA of Rs 24,780 crore, Adani group said in a statement. The conglomerate that spans 10 listed companies ranging from flagship incubator Adani Enterprises Ltd to ports business (Adani Ports & SEZ Ltd), renewable unit (Adani Green Energy Ltd), power utility (Adani Power Ltd), electricity transmission firm (Adani Energy Solutions), and city gas business (Adani Total Gas Ltd), had a net debt of Rs 18,689.7 crore after accounting for a cash balance of Rs 42,115 crore. Core infrastructure and utility platform, which generates stable and assured cash flows, generated EBITDA of Rs 20,233 crore, accounting for 86 per cent of the total ...

Adani Enterprises gains 3% as promoter firm buys 2% stake via open market

Founder firm Kempas Trade and Investment bought 25.3 million shares or 2.22 per cent stake in the company from the open market between Aug 7 to Aug 18.