Page 43 - Gautam Adani

Adani group gets approval for NDTV open offer boosting takeover bid

Adani is now one step closer to gaining a larger footprint in India's media sector

Adani group to launch open offer for NDTV on November 22

The previous timeline for the open offer by Adani was October 17 to November 1

Top headlines: Adani to build plants in SL, active Indian firms near 1.5 mn

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Adani to build power plants in SL, challenge China in support for Modi

Adani has been accused by some Lankan lawmakers of signing opaque port, energy deals closely tied to India's interests, something his group has always denied, saying investments meet Sri Lanka's needs

Gautam Adani meets Eknath Shinde at Maharashtra CM's official residence

Adani Group chairperson Gautam Adani visited Maharashtra Chief Minister Eknath Shinde at his official residence in Mumbai, an official said on Wednesday. The Tuesday night meeting between Adani and Shinde lasted for nearly 45 minutes, the official said. Adani Group has interests in ports, airports, power generation and transmission, and real estate. The group supplies electricity to the Mumbai suburban district.

CreditSights says Adani Group continues to seek strategic partners

Richest Indian Gautam Adani's conglomerate continues to seek strategic equity partners aligned with its long-term investment strategy as it expands across the energy to transport to mining sectors, debt research firm CreditSights said. In a report, CreditSights said Adani Group is venturing into new or unrelated businesses, which are highly capital intensive. "We still hold our view that several of the Group companies maintain elevated leverage, owing to aggressive expansion plans that are largely debt-funded and that have pressurised their credit metrics and cash flows," it said. CreditSights said it expects Adani Group expansion and acquisition appetite to remain robust ahead, and incremental debt on account of expansion to outpace additional EBITDA generation, which could result in further credit profile deterioration. "We remain concerned over the Adani Group's leverage." The conglomerate may invest more than USD 150 billion over the next decade in expanding new energy busines

Decoded: Adani bucks the gloomy trend, adds $43.3 bn in net worth in a year

Amid increasing volatility and recession fears looming over global markets that has led to the decline in wealth of a number of billionaires, Gautam Adani was the only one to buck the trend >

Billionaire Gautam Adani's wealth up relative to India's GDP, shows data

He was the only one in the top-5 billionaire who did not see a wealth decline over the last year

Adani Group to start taxi service with aggregators in its airport cities

The Group operates airports in Mumbai, Ahmedabad, Lucknow, Jaipur, Thiruvananthapuram, Guwahati and Mangaluru

Top Headlines: RIL Q2 net flat, CCI speeds up Apple antitrust case & more

Business Standard brings you the top headlines at this hour

Adani Group considers raising $10 bn debt in lower-cost debt, green bonds

Gautam Adani's group is looking to raise at least $10 billion in new debt over the next year as his conglomerate seeks to refinance its high-cost borrowings and fund projects in the pipeline

$121-million Individual bond sale on the anvil for Adani Enterprises

Adani Ports' seven dollar-denominated notes have lost about 14% on average so far this year, while Adani Electricity Mumbai's 2030 securities have retreated about 17%.

S&P Global withdraws rating of Adani Transmission at firm's request

S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request

Adani Data Networks gets unified licence for full fledge telecom services

Adani Data Network has been granted unified licence for access services, which enables it to provide all telecom services in the country, according to two official sources. Adani Group entered the telecom sector after buying spectrum in the recent auction. "Adani Data Networks has been granted UL (AS)," an official source said. Another official said that the permit was granted on Monday. An e-mail query to Adani Group did not elicit any reply. Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band worth Rs 212 crore for 20 years in the recent 5G spectrum auction. The Adani Group had said that it plans to use the airwaves for its data centres as well as the super app it is building to support businesses from electricity distribution to airports, and gas retailing to ports. "The newly-acquired 5G spectrum is expected to help create a unified digital platform that will accelerate the pace and s

Adani group eyeing to raise $10 billion for renewables, cement arms

Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

Be it Adani, Ambani or Jay Shah, we welcome all: Rajasthan CM Gehlot

Condemning the BJP for mocking the Congress after he lavished praise on industrialist Gautam Adani during the Invest Rajasthan summit, Chief Minister Ashok Gehlot on Saturday said it was not a private programme and 3,000 delegates attended it. Be it Adani or Union Home Minister Amit Shah's son Jay Shah, Rajasthan will welcome all because it wants investment and employment, Gehlot said. "It is not a private event, it is an investors' summit. Are 3,000 delegates (who attended the summit) of the Congress?" Gehlot asked, asserting their ideologies could be that of the Congress or the BJP. "In such a situation, why do they want to create a hurdle? I condemn these people. They talked about Gautam Adani yesterday (Friday). Be it Gautam Adani or any Adani, or Ambani or Amit Shah's son Jay Shah, we will welcome all of them here. We want employment, we want investment," the chief minister said. It was not clear why Gehlot clubbed Jay Shah's name with those of industrialists Ambani and Adani

Adani Group's stock surge at risk of reversal, technical indicator shows

The stock rallies of Gautam Adani's companies, which expanded his fortune at a pace that outran all other billionaires globally, is set for a reversal, according to a technical indicator

Why are global CEOs bullish about India?

India continues to remain as a bright spot on the world economic map. That's the sentiment echoed by prominent global CEOs recently. Find out the reasons driving the bullish sentiment

MoUs, LoIs worth Rs 10.4 trillion signed ahead of Rajasthan summit

Energy sector has emerged as the main investment sector with 57 per cent of the proposed being implemented.

Adani Group stocks crack; Adani Enterprises, ATGL hit 10% lower limit

Adani Enterprises and Adani Total Gas were the major losers among the group stocks, as they hit the 10 per cent lower circuit in intraday deals.