News

India`s Adani-backed Ambuja Cements buys stake in Sanghi Industries for $604 million India's Ambuja Cements said on Thursday it has bought a 56.74% stake in smaller rival Sanghi Industries at an enterprise value of 50 billion rupees ($604.4 million), closing the Adani Group's gap on market leader UltraTech at a time of booming demand for building materials. The deal is the billionaire Gautam Adani-led conglomerate's first major acquisition this year after a report by short-seller Hindenburg Research in January slammed the group shares and led to investigations ...
India`s Adani-backed Ambuja Cements buys stake in Sanghi Industries for $604 million
India`s Adani-backed Ambuja Cements buys stake in Sanghi Industries for $604 million
Source: Accord Fintech
3/08/2023 9:56:37 AM
India`s Adani in talks to refinance up to $3.8 billion debt - Bloomberg News India's Adani Group is in talks with lenders to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, Bloomberg News reported on Tuesday, citing people familiar with the matter. The group is mulling whether to convert the original loan into debt with a longer maturity period and has started talking to banks individually about that plan, the report added. Adani Group did not immediately respond to Reuters' request for comment.
India`s Adani in talks to refinance up to $3.8 billion debt - Bloomberg News
India`s Adani in talks to refinance up to $3.8 billion debt - Bloomberg News
Source: Reuters
13/06/2023 5:25:32 PM
MSCI to lower free float of two Adani companies MSCI will lower the free float of two of India's Adani Group companies, Adani Total Gas and Adani Transmission in its May index review, the financial index provider said on Friday. MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%. Free float is defined as the proportion of outstanding shares considered available for purchase in public equity markets by international investors. In February, MSCI postponed implementation of these upda...
MSCI to lower free float of two Adani companies
MSCI to lower free float of two Adani companies
Source: Reuters
6/05/2023 11:28:25 AM
India`s Adani Ports sells Myanmar port at heavy discount of $30 million India's Adani Ports and Special Economic Zone Ltd said on Thursday that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project. The Adani Group company announced the sale in May 2022 after a military coup in Myanmar and an ensuing crackdown on mass protests drew international ire and U.S. sanctions. The deal was, however, delayed due to challenges in meeting certain conditions including completion of the pro...
India`s Adani Ports sells Myanmar port at heavy discount of $30 million
India`s Adani Ports sells Myanmar port at heavy discount of $30 million
Source: Reuters
4/05/2023 3:20:09 PM
GQG founder Jain to meet Australian investors after $1.9 billion Adani investment GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week, the company said in a statement on Tuesday, and will explain its investment into embattled Indian Adani group. GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. A January report by U.S based Hindenburg Research alleged stock manipulation and im...
GQG founder Jain to meet Australian investors after $1.9 billion Adani investment
GQG founder Jain to meet Australian investors after $1.9 billion Adani investment
Source: IANS
7/03/2023 10:50:27 AM
Sri Lanka approves Adani Group's two wind power plants in North Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by India's Adani Group, an investment amounting to more than $400 million. The Board of Investment (BOI) Sri Lanka approved two plants by Adani Green Energy Ltd. at Mannar and Pooneryn, the former war-torn areas in the North, the BOI said on Wednesday. According to the BOI, the two wind power plants of 350 MW which are scheduled to be commissioned in two years, a...
Sri Lanka approves Adani Group's two wind power plants in North
Sri Lanka approves Adani Group's two wind power plants in North
Source: IANS
23/02/2023 12:28:16 PM
Adani Enterprises Q3 net at Rs 820 crore The flagship company of Adani  Adani Enterprises Ltd closed the third quarter of the current fiscal with a consolidated net profit of Rs 820.06 crore. According to the company, it had earned a total income of Rs 26,950.83 crore for the quarter ended December 31, 2022 (Q3FY21 Rs 18,963.40 crore) and a net profit of Rs 820.06 crore (net loss of Rs 11.63 crore). For the nine month period Adani Enterprises' total income stood at Rs 106,458.72 crore (Rs 70,432.69 crore) and a net pr...
Adani Enterprises Q3 net at Rs 820 crore
Adani Enterprises Q3 net at Rs 820 crore
Source: IANS
14/02/2023 4:14:33 PM
India`s Bank of Baroda says open to lending to Adani Group MUMBAI - India's Bank of Baroda is open to lending to the Adani Group going forward, provided the embattled conglomerate meets all of the bank's underwriting criteria, a top executive at the state-run lender said on Monday. Investors have been worried about various banks' exposure to the Adani Group ever since U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation by the conglomerate. The State Bank of India, Indus...
India`s Bank of Baroda says open to lending to Adani Group
India`s Bank of Baroda says open to lending to Adani Group
Source: Reuters
6/02/2023 2:55:39 PM
Adani Group stocks rout deepens to $72 billion despite share sale completion BENGALURU  - Most Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite the group completing a closely watched share sale a day earlier. Hindenburg Research's report last week alleged improper use of offshore tax havens and flagged concerns about high debt. It added that shares in seven Adani listed companies have an 85% downside due to what it called "sky-high valuations". The grou...
Adani Group stocks rout deepens to $72 billion despite share sale completion
Adani Group stocks rout deepens to $72 billion despite share sale completion
Source: Reuters
1/02/2023 10:51:34 AM
Rupee seen tad weaker on risk-off mood ahead of budget, Fed The Indian rupee is expected to weaken on Tuesday, as the dollar gained on tepid risk appetite, with investors keeping tabs on the Adani Group saga, the upcoming Union budget and global central bank meetings. The rupee was seen around 81.60-81.65 per dollar in early trades, compared to its previous close of 81.4950. The currency's future direction will be clear once the risk events this week are out of the way and we are likely to continue see rangebound moves until then, said a tra...
Rupee seen tad weaker on risk-off mood ahead of budget, Fed
Rupee seen tad weaker on risk-off mood ahead of budget, Fed
Source: Reuters
31/01/2023 8:56:11 AM
Adani Enterprises FPO anchor book 1.5x oversubscribed  Adani Enterprises FPO anchor book has been oversubscribed 1.5 times. Market sources said there was Rs 6,000 crore allocation against a demand of Rs 9,000 crore. The blue chip names include Maybank Asia, ADIA, LIC, HDFC Life, SBI MF, Think Investments, BNP, Socgen, Citi, Morgan Stanley, Goldman Sachs, Jupiter, Al Mehwar along with other investors, market sources said. Despite attempts to discredit by vested interests, global markets have full faith in Adani Group, market sources...
Adani Enterprises FPO anchor book 1.5x oversubscribed
Adani Enterprises FPO anchor book 1.5x oversubscribed
Source: IANS
26/01/2023 11:26:51 AM
Key News - Asian Paints Ltd ,Havells India Ltd, Hindustan Unilever, Adani Group,Reliance Industries Ltd,Vedanta By ARETE Securities Key News Asian Paints December quarter net profit rises 6.4% to Rs 1,097 crore Asian Paints Ltd on Thursday reported a 6.4 per cent rise in consolidated net profit at Rs 1,097.06 crore in the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 1,031.29 crore in the same period last fiscal, Asian Paints said in a regulatory filing. Consolidated revenue from operations stood at Rs 8,636.74 crore as against Rs 8,527.24 crore in the year-ago quarter, it...
Key News - Asian Paints Ltd ,Havells India Ltd, Hindustan Unilever, Adani Group,Reliance Industries Ltd,Vedanta By ARETE Securities
Key News - Asian Paints Ltd ,Havells India Ltd, Hindustan Unilever, Adani Group,Reliance Industries Ltd,Vedanta By ARETE Securities
Source: ARETE Securities Ltd
20/01/2023 9:32:56 AM
Adani Enterprises rises as its arm acquires 8.27% stake in NDTV through open offer Adani Enterprises is currently trading at Rs. 4112.50, up by 31.20 points or 0.76% from its previous closing of Rs. 4081.30 on the BSE. The scrip opened at Rs. 4099.00 and has touched a high and low of Rs. 4137.95 and Rs. 4066.00 respectively. So far 69518 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,137.95 on 20-Dec-2022 and a 52 week low of Rs. 1529.55 on 24-Feb-2022. Last one week high and low of the scr...
Adani Enterprises rises as its arm acquires 8.27% stake in NDTV through open offer
Adani Enterprises rises as its arm acquires 8.27% stake in NDTV through open offer
Source: Accord Fintech
20/12/2022 2:38:19 PM
Adani Enterprises gains as its JV incorporates wholly owned subsidiary Adani Enterprises is currently trading at Rs. 3995.55, up by 16.45 points or 0.41% from its previous closing of Rs. 3979.10 on the BSE. The scrip opened at Rs. 3994.00 and has touched a high and low of Rs. 4002.00 and Rs. 3973.00 respectively. So far 7957 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4098.10 on 16-Nov-2022 and a 52 week low of Rs. 1529.55 on 24-Feb-2022. Last one week high and low of the scrip...
Adani Enterprises gains as its JV incorporates wholly owned subsidiary
Adani Enterprises gains as its JV incorporates wholly owned subsidiary
Source: Accord Fintech
19/12/2022 10:26:12 AM
Indian state-run power companies close to buying Lanco asset for $365 million Four Indian state-run power companies are close to buying a 1,980 megawatt stranded power plant from collapsed conglomerate Lanco Infratech for 30.2 billion Indian rupees ($364.84 million), outbidding Adani Group and Reliance Industries, three government sources said. The state companies - Power Finance Corp Ltd (PFC), REC Ltd SJVN Ltd and Damodar Valley Corp (DVC) - aim to acquire the coal-fired power plant of Lanco Amarkantak in Chhattisgarh in central India, the sources said. None of...
Indian state-run power companies close to buying Lanco asset for $365 million
Indian state-run power companies close to buying Lanco asset for $365 million
Source: Reuters
14/12/2022 9:47:01 AM
Adani Group to have its nominees on NDTV Board The Board of New Delhi Television Ltd (NDTV) has approved a proposal to invite the Adani Group's RRPR Holding Private Ltd to nominate two Directors to the former's Board. The decision was taken at the Board meeting of NDTV that was held on Friday and intimated to the bourses later in the day. RRPR Holding hold 29.18 per cent stake in NDTV. The appointment will be considered in the next meeting of Board of Directors, scheduled to be held on December 23, NDTV said. With the ...
Adani Group to have its nominees on NDTV Board
Adani Group to have its nominees on NDTV Board
Source: IANS
10/12/2022 9:17:39 AM
NDTV scrip hits upper limit after change of guard at promoter company The shares of television channel company New Delhi Television Ltd (NDTV) on Wednesday hit the upper circuit at the bourses with the change of guard at the promoter's holding company RRPR Holding Private Ltd. At the BSE, the NDTV scrip opened at Rs 447.70 (upper limit) after closing at Rs 426.40 on Tuesday. With the Adani group acquiring 99.5 per cent stake in RRPR Holding, the latter's original promoters Prannoy Roy and Radhika Roy resigned as Directors, the NDTV said on Tuesday...
NDTV scrip hits upper limit after change of guard at promoter company
NDTV scrip hits upper limit after change of guard at promoter company
Source: IANS
30/11/2022 2:17:22 PM
Saudi Arabia draws India's Mundra port into a larger Gulf network India's Mundra port is set to connect with a large network of Gulf ports with Saudi Arabia as the hub. Mundra Port, India's top container gateway, will connect King Abdulaziz Port in Dammam. Every fortnight the vessel "Green Ace", with a carrying capacity of 1,740 TEUs will sail not only to Dammam in Saudi Arabia's Eastern Province, but also to other Gulf ports -- Jebel Ali (UAE), Khalifa Bin Salman (Bahrain), Hamad (Qatar). The new service, branded as the Gulf-Ind...
Saudi Arabia draws India's Mundra port into a larger Gulf network
Saudi Arabia draws India's Mundra port into a larger Gulf network
Source: IANS
25/10/2022 12:14:17 PM
Indian billionaire Gautam Adani looks to raise $10 billion debt - Media Indian billionaire Gautam Adani's group plans to raise at least $10 billion in new debt through the next year to refinance large borrowings and fund projects in its pipeline, Media reported on Friday, quoting people in the know. The Adani Group plans to use several vehicles including foreign currency debt and green bonds to raise up to $6 billion to swap its current high-interest debt with lower-cost borrowings and deploy the rest for project financing, according to the report. It...
Indian billionaire Gautam Adani looks to raise $10 billion debt - Media
Indian billionaire Gautam Adani looks to raise $10 billion debt - Media
Source: IANS
21/10/2022 2:43:28 PM
Mumbai: Adani to install 1.80 mn Smart Meters for BEST power consumers  The Adani Group has bagged a bid to install 10.80 lakh (1.80 million) "Smart Meters" for electricity consumers of the Bombay Electric Supply & Transport (BEST), which will 'empower' the distributor to cut-off the power supply of bill defaulters automatically, officials said here on Thursday. The BEST has awarded the Rs 1,250 crore project to Adani Transmission Ltd (ATL)'s Advanced Metering Infrastructure (AMI) partner, and the installation of Smart Meters wi...
Mumbai: Adani to install 1.80 mn Smart Meters for BEST power consumers
Mumbai: Adani to install 1.80 mn Smart Meters for BEST power consumers
Source: IANS
20/10/2022 1:45:31 PM
Adani Skill Development wins Gold Stevie Award 2022 The Adani Skill Development Centre (ASDC), a not-for-profit initiative of the Adani Foundation and the Adani Group, has been conferred with the Gold Stevie Award in the 'Organization of the Year - Non-Profit or Government Organizations - Medium-size category at an event held in London on October 15. The ASDC is the first Indian organisation to secure the Gold award in this category. It contended for the first place against Jeunesse Global, the US; TM Forum, London; Cement Industry Empl...
Adani Skill Development wins Gold Stevie Award 2022
Adani Skill Development wins Gold Stevie Award 2022
Source: IANS
18/10/2022 3:41:25 PM
Adani Group set to enter telecom sector, gets licence for access services Adani Data Networks Limited is set to kick-start private captive network services as it is learnt to have been granted unified licence for access services. Sources said that the department of telecom has given Adani Data Networks a unified licence in six circles. Adani Group had signalled its intent of entering the telecom sector after it bought 5G spectrum during the recently held auction. After acquiring 5G spectrum, the Adani Group had said that it intends to use it for its data c...
Adani Group set to enter telecom sector, gets licence for access services
Adani Group set to enter telecom sector, gets licence for access services
Source: IANS
12/10/2022 3:59:17 PM
India's Gautam Adani in talks with investors to raise $10 billion- Mint Indian billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC, to raise at least $10 billion to fund its expansion into clean energy, ports and cement businesses, Mint newspaper reported on Monday. Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Adani said last month, as the ports-to-energy conglomerate accelerates an already aggress...
India's Gautam Adani in talks with investors to raise $10 billion- Mint
India's Gautam Adani in talks with investors to raise $10 billion- Mint
Source: Reuters
10/10/2022 3:37:22 PM
India's Adani Group in talks to buy Jaiprakash Associates' cement unit  India's Adani Group is said to be in talks to buy Jaiprakash Associates' cement business for $606 million, Bloomberg News reported on Monday, citing sources.
India's Adani Group in talks to buy Jaiprakash Associates' cement unit
India's Adani Group in talks to buy Jaiprakash Associates' cement unit
Source: Reuters
10/10/2022 11:17:53 AM
The Double A domination of India's rich list  The double As - Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one. There was a time when Tata and Birla were synonyms for India's rich. Every region had its own wealthy like the Shrirams, Thapars, Nandas, and Modis in the north or the Bangurs in the east or the Mafatlals, Walchands, Kirloskars, Khataus, Sarabhais and Lalbhais in the west and the M.A. Chidambaram group in the south. Over time, many ...
The Double A domination of India's rich list
The Double A domination of India's rich list
Source: IANS
9/10/2022 6:06:40 PM
Rajasthan attracts huge investments, emerging as business hub of country It's raining investments in Rajasthan which is sure to turn the desert state into a business hub of the nation. Top industrialists of the country were in Jaipur recently during the Invest Rajasthan summit which paved the way for the state to emerge as a leader in the renewable energy segment, cement manufacturing, sports, fintech and much more. Gautam Adani, chairman of the Adani group, shared how the state should get the credit for accommodating the world's largest wind-solar h...
Rajasthan attracts huge investments, emerging as business hub of country
Rajasthan attracts huge investments, emerging as business hub of country
Source: IANS
9/10/2022 9:23:07 AM
India's Adani Group to invest $8 billion in Rajasthan over five-seven years  India's Adani Group will invest 650 billion Indian rupees ($7.9 billion) in the northern Indian state of Rajasthan over the next five to seven years, its founder, and Asia's richest man, Gautam Adani said on Friday. Adani said late last month his company would invest more than $100 billion over the next decade, most of it in the energy transition business. The ports-to-energy conglomerate will invest in the renewables business, cement manufacturing, expanding an airport an...
India's Adani Group to invest $8 billion in Rajasthan over five-seven years
India's Adani Group to invest $8 billion in Rajasthan over five-seven years
Source: Reuters
7/10/2022 5:34:20 PM
Ashok Gehlot inaugurates Invest Rajasthan Summit, Gautam Adani attends too The much awaited Rajasthan Summit was inaugurated on Friday by Chief Minister Ashok Gehlot in the presence of veteran industrialists, including Gautam Adani. The state government is hosting the two-day 'Invest Rajasthan Summit' at the JECC Campus in Jaipur. State Industries Minister Shakuntala Rawat also be present on the occasion. The state government has set a new benchmark by attracting investments of over Rs 10.44 lakh crore with the theme "Committed. Delivered". ...
Ashok Gehlot inaugurates Invest Rajasthan Summit, Gautam Adani attends too
Ashok Gehlot inaugurates Invest Rajasthan Summit, Gautam Adani attends too
Source: IANS
7/10/2022 12:43:27 PM
Key Stock News: Reliance Jio, Xiaomi, Adani group, Hero Motocorp, Poonawalla Fincorp - ARETE Securities Reliance Jio to launch 4G enabled low-cost laptop at Rs 15,000: Report Reliance Jio will launch a budget laptop priced at $184 (Rs 15,000) with an embedded 4G sim card, aiming to replicate the success of its low-cost JioPhone in India's highly price-sensitive market, two sources told Reuters. The Mukesh Ambani-led conglomerate has partnered with global giants Qualcomm and Microsoft for the JioBook, with the former powering its computing chips based on technology from Arm Ltd, and the W...
Key Stock News: Reliance Jio, Xiaomi, Adani group, Hero Motocorp, Poonawalla Fincorp - ARETE Securities
Key Stock News: Reliance Jio, Xiaomi, Adani group, Hero Motocorp, Poonawalla Fincorp - ARETE Securities
Source: ARETE Securities Ltd
3/10/2022 11:43:18 AM
Adding Rs 1,600 cr per day to his wealth, Adani tops India's rich list, ranks second in world Takeover tycoon and world's second richest person, 60-year-old Gautam Adani, naturally heads the India's rich list with wealth of Rs 10,94,400 crore, as per the IIFL Wealth Hurun India Rich List 2022. Adani ranks second after Tesla CEO, Elon Musk who has net worth of Rs 12.37 lakh crore. Interestingly, Adani gets the honours for the first time as that spot was occupied by Reliance Industries Ltd's head honcho Mukesh Ambani whose wealth is estimated at Rs 7,94,700 crore. A...
Adding Rs 1,600 cr per day to his wealth, Adani tops India's rich list, ranks second in world
Adding Rs 1,600 cr per day to his wealth, Adani tops India's rich list, ranks second in world
Source: IANS
21/09/2022 5:11:29 PM
India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion  India's Adani Group has pledged shares worth about $12.5 billion in two cement units, days after the conglomerate controlled by billionaire Gautam Adani completed purchase of stakes in those businesses from Switzerland's Holcim. The agreement will be in the form of a non-disposal undertaking, under which Adani will not be able to offload the shares until the lender agrees that the debt is paid. The encumbered shares of ACC and Ambuja were worth around 989.46 billion indian...
India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
Source: Reuters
21/09/2022 10:56:54 AM
Bengal government to give letter of intent on Tajpur port development to Adani Group The West Bengal government will soon handover a letter of intent (LoI) to Adani Port & SEZ Limited for setting up and developing a deep-sea port at Tajpur in East Midnapore district. The estimated cost of the project is Rs 25,000 crore. The state cabinet on Monday approved the proposal for issuing the LoI to Adani Ports and Special Economic Zone for development of the greenfield deep sea port. State municipal affairs & urban development minister and Kolkata Mayor, Firhad Hakim, ...
Bengal government to give letter of intent on Tajpur port development to Adani Group
Bengal government to give letter of intent on Tajpur port development to Adani Group
Source: IANS
20/09/2022 11:40:58 AM
Adani Enterprises shines on raising Rs 100 crore via MLD Adani Enterprises is currently trading at Rs. 3819.00, up by 40.10 points or 1.06% from its previous closing of Rs. 3778.90 on the BSE. The scrip opened at Rs. 3822.00 and has touched a high and low of Rs. 3843.30 and Rs. 3808.90 respectively. So far 27066 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3865.60 on 16-Sep-2022 and a 52 week low of Rs. 1344.60 on 28-Oct-2021. Last one week high and low of the scri...
Adani Enterprises shines on raising Rs 100 crore via MLD
Adani Enterprises shines on raising Rs 100 crore via MLD
Source: Accord Fintech
20/09/2022 10:50:45 AM
Adani Green Energy soars as its arm commissions wind power plant in Madhya Pradesh Adani Green Energy is currently trading at Rs. 2346.05, up by 30.75 points or 1.33% from its previous closing of Rs. 2315.30 on the BSE. The scrip opened at Rs. 2334.50 and has touched a high and low of Rs. 2366.90 and Rs. 2292.30 respectively. So far 312608 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3048.00 on 19-Apr-2022 and a 52 week low of Rs. 1099.25 on 21-Sep-2021. Last one week high and low of the s...
Adani Green Energy soars as its arm commissions wind power plant in Madhya Pradesh
Adani Green Energy soars as its arm commissions wind power plant in Madhya Pradesh
Source: Accord Fintech
19/09/2022 3:06:03 PM
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani Gautam Adani, Chairman, Adani Group has said the group's market cap now stands at 260 billion dollars -- having grown faster than any company ever in India. In a speech made at an event to mark the completion of the ACC-Ambuja Cements acquisition on September 17, Adani said this acquisition is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of four months. "I also believe that the Adani Group's compe...
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani
Source: IANS
19/09/2022 2:27:47 PM
NIBE shines on receiving letter of intent of Rs 12.80 crore from Adani Infra NIBE is currently trading at Rs. 459.30, up by 21.85 points or 4.99% from its previous closing of Rs. 437.45 on the BSE. The scrip opened at Rs. 415.60 and has touched a high and low of Rs. 459.30 and Rs. 415.60 respectively. So far 11685 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 469.20 on 15-Sep-2022 and a 52 week low of Rs. 37.10 on 20-Dec-2021. Last one week high and low of the scrip stood at Rs. 469....
NIBE shines on receiving letter of intent of Rs 12.80 crore from Adani Infra
NIBE shines on receiving letter of intent of Rs 12.80 crore from Adani Infra
Source: IANS
19/09/2022 10:16:20 AM
Adani becomes India's second largest cement player The Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations. The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is $6.50 billion, which makes this the largest ever acquisition by Adani, and also India&#...
Adani becomes India's second largest cement player
Adani becomes India's second largest cement player
Source: IANS
17/09/2022 9:26:38 AM
Adani Ports to enhance capacity of Bengal`s Haldia dock HDC Bulk Terminal Ltd (HBTL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility and part of the Adani Group, has signed the Concession Agreement with Syama Prasad Mookerjee Port, Kolkata for mechanization of Berth no. 2 at Haldia Port. This is in continuation to the selection of APSEZ as a successful bidder by SMPK earlier in February. "The mechanisation and upgradation of Haldia Bulk Terminal provides u...
Adani Ports to enhance capacity of Bengal`s Haldia dock
Adani Ports to enhance capacity of Bengal`s Haldia dock
Source: IANS
16/09/2022 9:32:41 AM
Key Stock News: Vodafone Idea, Coal India, Bharat Petroleum Corp, Reliance Power, Future Lifestyle Fashions Ltd - ARETE Securities Government to acquire Vodafone Idea stake after share price stabilises at Rs 10 or above The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise ...
Key Stock News: Vodafone Idea, Coal India, Bharat Petroleum Corp, Reliance Power, Future Lifestyle Fashions Ltd - ARETE Securities
Key Stock News: Vodafone Idea, Coal India, Bharat Petroleum Corp, Reliance Power, Future Lifestyle Fashions Ltd - ARETE Securities
Source: ARETE Securities Ltd
9/09/2022 9:55:07 AM
Key Stock News: JSW Group , Aditya Birla Fashion and Retail Limited , Bharat Biotech , Adani group - ARETE Securities Key News Adani to build 3 giga factories in India as part of $70 bn green investment Asia's richest man Gautam Adani on Wednesday said his ports-to-power conglomerate will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolyzers as part of a USD 70 billion investment in clean energy by 2030. Adani group is stepping up investments across the green energy value chain as it aims to become the world's top renewable energy producer by 2...
Key Stock News: JSW Group , Aditya Birla Fashion and Retail Limited , Bharat Biotech , Adani group - ARETE Securities
Key Stock News: JSW Group , Aditya Birla Fashion and Retail Limited , Bharat Biotech , Adani group - ARETE Securities
Source: ARETE Securities Ltd
8/09/2022 9:48:46 AM
CreditSights finds errors in debt report on India's Adani group firms Fitch Group unit CreditSights said it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by India's richest person, Gautam Adani, following a conversation with the management. CreditSights's report late last month calling the conglomerate "deeply overleveraged" and flagging other risks had sent shares of many Adani companies down. The debt research firm said in a report dated Sept. 7 that it had spoken with Ad...
CreditSights finds errors in debt report on India's Adani group firms
CreditSights finds errors in debt report on India's Adani group firms
Source: Reuters
8/09/2022 9:34:39 AM
CARE Ratings places NDTV's bank facilities on 'credit watch', shares gallop The shares of Adani group's takeover target satellite channel company New Delhi Television Ltd (NDTV) continued to hit the upward circuit on Monday with the price touching Rs 540.85. The 52-week low price for the scrip was Rs 72. Meanwhile, credit rating agency CARE Ratings has placed ratings assigned to NDTV's bank facilities on credit watch with developing implications following takeover decision by the Adani group. NDTV, which had postponed its 34th annual general meeting ...
CARE Ratings places NDTV's bank facilities on 'credit watch', shares gallop
CARE Ratings places NDTV's bank facilities on 'credit watch', shares gallop
Source: IANS
5/09/2022 3:41:51 PM
Commanding heights of India's economy up for grabs in battle between Adani and Ambani Gautam Adani and Mukesh Ambani, both billionaires, have in recent years become the best-known faces of Indian business. To supporters, they are patriotic nation-builders, using their sway and resources to further Indias economic progress. To critics, they are only in it for themselves, The Economist reported. Their motivation seems to lie somewhere in between, the report said. "The duo's rising influence over Indian business is undisputed. Many observers now talk of the "a...
Commanding heights of India's economy up for grabs in battle between Adani and Ambani
Commanding heights of India's economy up for grabs in battle between Adani and Ambani
Source: IANS
3/09/2022 11:00:05 AM
Adani Group dismisses NDTV's contention of stake sale needing I-T Dept`s nod Adani Group has rejected NDTV promoter group company RRPR Holding's contention that the Income Tax department has provisionally attached its stakeholding in the media company. In a regulatory filing with the Bombay Stock Exchange (BSE) on Wednesday, Adani Group described RRPR Holding's statement as misconceived and misleading and has asked the NDTV promoter group entity to convert the warrants into equity shares. Adani Group's letter to BSE came after RRPR Holding informed V...
Adani Group dismisses NDTV's contention of stake sale needing I-T Dept`s nod
Adani Group dismisses NDTV's contention of stake sale needing I-T Dept`s nod
Source: IANS
2/09/2022 9:19:21 AM
India's National Stock Exchange to add Adani Enterprises to benchmark index  India's National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept. 30, the NSE said on Thursday. To make room for Adani, Shree Cement will be removed from the index, the NSE said, adding the changes are part of its periodic review. Adani Group, controlled by Asia's richest person Gautam Adani, has several publicly listed companies in sectors including...
India's National Stock Exchange to add Adani Enterprises to benchmark index
India's National Stock Exchange to add Adani Enterprises to benchmark index
Source: Reuters
2/09/2022 9:16:44 AM
India's NDTV invites VCPL to join application to Income Tax Dept over shares  New Delhi Television Ltd said late on Wednesday that it had invited Vishvapradhan Commercial Pvt Ltd (VCPL) to join its application to Income Tax authorities regarding provisional attachment of the television channel's shares in 2017. NDTV said in a statement its shares held by parent RRPRH were provisionally attached by the Income Tax authorities in 2017. NDTV and Adani Group have locked horns in public after the group, run by India's richest man Gautam Adani, unveiled pl...
India's NDTV invites VCPL to join application to Income Tax Dept over shares
India's NDTV invites VCPL to join application to Income Tax Dept over shares
Source: Reuters
1/09/2022 10:05:27 AM
NDTV scrip galloping since Adani`s open offer The shares of New Delhi Television (NDTV) Lts have been galloping ever since Adani group made an open offer to acquire 26 per cent stake in the satellite channel company. On Tuesday, at the BSE, the NDTV scrip, with a face value of Rs 4, opened at Rs 467.25 and hit the upper circuit. The scrip had closed at Rs 445 on Monday. Incidentally, the 52 week low price for the scrip was Rs 72. The scrip has been on the upswing since August 23, the day on which the Adani group's AMG Media ...
NDTV scrip galloping since Adani`s open offer
NDTV scrip galloping since Adani`s open offer
Source: IANS
30/08/2022 5:42:21 PM
Gautam Adani is first Asian to become world`s third richest Gautam Adani was already Asias richest man and now he is also the world's third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires index. Adani, who runs one of India's top conglomerates, is now believed to be worth approximately $137 billion, the tracker shows. That's after a surge this week placed him just behind Tesla CEO Elon Musk and Amazon founder Jeff Bezos, whose ...
Gautam Adani is first Asian to become world`s third richest
Gautam Adani is first Asian to become world`s third richest
Source: IANS
30/08/2022 2:18:01 PM