News

Abu Dhabi`s TAQA evaluating upto $2.5 billion investment in Adani`s power business - ET Abu Dhabi National Energy Company PJSC is evaluating an investment of up to $2.5 billion in the power businesses of Indian billionaire Gautam Adani, reported ET on Friday citing sources.
Abu Dhabi`s TAQA evaluating upto $2.5 billion investment in Adani`s power business - ET
Abu Dhabi`s TAQA evaluating upto $2.5 billion investment in Adani`s power business - ET
Source: Reuters
18/08/2023 9:06:31 AM
India`s Adani Group moves to buy remaining stake in Quintillion Business Media Adani Enterprises, Indian billionaire Gautam Adani's flagship firm, said on Monday it would buy the remaining 51% stake in Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. Quintillion, in which Adani bought a 49% stake for 478.4 million Indian rupees ($5.75 million) in March last year, was his first bet in the Indian news industry before taking a nearly 65% stake in broadcaster NDTV in December. BQ Prime was earlier known as Blo...
India`s Adani Group moves to buy remaining stake in Quintillion Business Media
India`s Adani Group moves to buy remaining stake in Quintillion Business Media
Source: Reuters
15/08/2023 11:40:25 AM
India`s Adani Ports says Q1 profit nearly doubles on higher volumes, tariffs Adani Ports and Special Economic Zone, India's largest private port operator, reported an 82.6% surge in first-quarter profit on Tuesday, helped by a jump in cargo volumes and as higher tariffs boost margins. The company said its consolidated net profit rose to 21.15 billion rupees ($255.4 million) in the April-June quarter, from 11.58 billion rupees a year ago. Its revenue from operations increased 23.5% to 62.48 billion rupees, boosted by a 12% growth in cargo volumes. The comp...
India`s Adani Ports says Q1 profit nearly doubles on higher volumes, tariffs
India`s Adani Ports says Q1 profit nearly doubles on higher volumes, tariffs
Source: Reuters
8/08/2023 3:28:00 PM
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 Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake Shares of cement maker Sanghi Industries rose as much as 5% to a more than five-year high on Wednesday on news that Adani-owned Ambuja Cements had reached a deal to buy a majority stake in the company's operations. The deal by Ambuja is likely to be announced on Wednesday, two sources with direct knowledge of the matter told Reuters. The deal was signed by considering Sanghi's enterprise value at 60 billion rupees ($728.20 million), one of the sources said. Sanghi's stock...
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
India`s Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
Source: Reuters
2/08/2023 11:08:45 AM
Within the next decade, India will start adding a trillion dollars to its GDP every 18 months: Gautam Adani Within the next decade, India will start adding a trillion dollars to its GDP every 18 months, Gautam Adani, Adani Group Chairman, said. Speaking at the AGM of his group companies, Adani added that this puts us on track to be a 25 to 30 trillion-dollar economy by 2050 and will drive India's stock market capitalisation to more than 40 trillion dollars -- nearly a 10X expansion from current levels. "Our country is now the most exciting land of opportunities. We have always expres...
Within the next decade, India will start adding a trillion dollars to its GDP every 18 months: Gautam Adani
Within the next decade, India will start adding a trillion dollars to its GDP every 18 months: Gautam Adani
Source: IANS
18/07/2023 4:50:39 PM
Adani Group commissions India`s first transnational power project Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP), in Godda, Jharkhand. The Godda USCTPP, which marks the Adani Group’s entry into transnational power projects, is India’s first commissioned transnational power project where 100 per cent of the generated power is supplied to another nat...
Adani Group commissions India`s first transnational power project
Adani Group commissions India`s first transnational power project
Source: IANS
16/07/2023 8:45:20 AM
India's Adani Green weighs raising $1.5 billion India's Adani Green Energy is considering raising about $1.5 billion to fund its green diversification in the country, Bloomberg News reported on Thursday, citing people familiar with the matter. The renewable energy company, controlled by billionaire Gautam Adani, had previously said it would discuss plans to raise funds from institutional investors on Thursday. The company plans to expand its green energy capacity by close to 3 gigawatts this fiscal year, spending around 140 billi...
India's Adani Green weighs raising $1.5 billion
India's Adani Green weighs raising $1.5 billion
Source: Reuters
6/07/2023 2:56:24 PM
GQG raises Adani stake by about 10% - Bloomberg News  GQG Partners has raised its stake in Gautam Adani's conglomerate by about 10% and will take part in the group's future fund raising, Bloomberg News reported on Tuesday. The value of GQG's Adani holdings is close to $3.5 billion, the report said, citing an interview with Rajiv Jain, chief investment officer of the U.S. investment firm. "Within five years, we would like to be one of the largest investors in Adani Group depending on the valuation, after the family,&q...
GQG raises Adani stake by about 10% - Bloomberg News
GQG raises Adani stake by about 10% - Bloomberg News
Source: Reuters
23/05/2023 3:40:14 PM
First mother ship to berth at Adani Ports Vizhinjam in September he much-delayed Kerala's flagship project- Vizhinjam Port finally appears to be nearing completion. According to the state government, the first mother ship from China having 40 cranes will arrive in September and berth at the Port. Port authorities also point out that the port is expected to be fully operational by 2024 September. Upon its completion, the port will prove to be a game changer not just for Kerala but for the entire country as 80 per cent of transshipments to India wh...
First mother ship to berth at Adani Ports Vizhinjam in September
First mother ship to berth at Adani Ports Vizhinjam in September
Source: IANS
23/05/2023 12:42:13 PM
Two Adani Group firms to raise up to $2.57 billion from the market Two Adani group companies including the Indian conglomerate's flagship firm announced plans on Saturday to raise up to $2.57 billion from the market, months after a short-seller report battered investor confidence and drove share prices down. India's Adani Transmission said its board approved a plan to raise up to 85 billion rupees ($1.0 billion) from the stock market. Adani Enterprise said in a filing to exchanges that its board had approved plans to raise up to 125 billion Indian...
Two Adani Group firms to raise up to $2.57 billion from the market
Two Adani Group firms to raise up to $2.57 billion from the market
Source: Reuters
13/05/2023 2:56:35 PM
India`s Adani Enterprises says Q4 profit surges on coal trading boost India's Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, helped by a strong performance at its key coal trading division. The company's consolidated profit increased to 7.22 billion Indian rupees ($88.3 million) in the fourth quarter ended March 31, from 3.04 billion rupees a year earlier. Adani Enterprises' mainstay coal trading business recorded a 42% jump in earnings before interest, taxes, depreciation, and amortization (EBITDA). Whi...
India`s Adani Enterprises says Q4 profit surges on coal trading boost
India`s Adani Enterprises says Q4 profit surges on coal trading boost
Source: Reuters
4/05/2023 4:52:54 PM
India`s Adani Total Gas Q4 profit jumps 21% on higher prices India's Adani Total Gas Ltd reported a 20.7% rise in quarterly profit on Tuesday, propelled by price hikes and expansion of its compressed natural gas (CNG) stations. Adani Total's consolidated net profit rose to 979.1 million rupees ($11.95 million) for the three months ended March 31, from 810.9 million rupees a year earlier, said the company, which distributes piped gas in various Indian cities. City gas distributors, who faced gas shortages due to higher spot liquefied gas p...
India`s Adani Total Gas Q4 profit jumps 21% on higher prices
India`s Adani Total Gas Q4 profit jumps 21% on higher prices
Source: Reuters
2/05/2023 4:36:21 PM
Adani Green Energy announces FY23 results reporting EBITDA of Rs 5,538 cr up by 57% YoY Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group announced financial results for the quarter and financial year ended March 31, 2023. The sale of energy has increased by 58 per cent YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics driven O&M enabling high plant availability and deployment of latest renewable technologies. AGEL has added a massive 2,676 MW renewable capacity to its operational fleet in FY23, ...
Adani Green Energy announces FY23 results reporting EBITDA of Rs 5,538 cr up by 57% YoY
Adani Green Energy announces FY23 results reporting EBITDA of Rs 5,538 cr up by 57% YoY
Source: IANS
2/05/2023 12:16:03 PM
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News  India's Adani Group is looking to raise up to $800 million for new green energy projects and is in talks with global banks, Bloomberg News reported on Thursday, citing people familiar with the matter. The size of the fundraise could range from about $700 million to some $800 million, the report said, adding that the plan and size were not finalized. This could be billionaire Gautam Adani-led conglomerate's biggest borrowing since a short-seller report sparked a share rout ...
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News
Source: Reuters
27/04/2023 12:55:46 PM
India`s Adani Ports starts $130 million buyback of debt securities India's Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Monday it has started a buyback programme of certain debt securities to partly prepay near-term loans due in 2024. Adani Ports said in an exchange filing that it has floated a tender of up to $130 million in outstanding debt, as it tries to boost investor confidence after the group's shares were pummelled earlier this year by a U.S. short-seller's report. Led by billionaire...
India`s Adani Ports starts $130 million buyback of debt securities
India`s Adani Ports starts $130 million buyback of debt securities
Source: Reuters
24/04/2023 10:01:37 AM
Adani Airports to bid for more airports in India India's Adani Airports, part of billionaire Gautam Adani's conglomerate, will bid for more airports in the country in its ambition to become the leading airport operator there, Chief Executive Arun Bansal said on Wednesday. In the last round of airport privatisation by the government, Adani Airports won bids to operate six airports. India is expected to privatise about a dozen more airports over the next few years and Bansal said the group would participate in the bidding.
Adani Airports to bid for more airports in India
Adani Airports to bid for more airports in India
Source: Reuters
22/03/2023 4:00:00 PM
India's Adani Group pre-pays over $900 million worth share-backed financing Embattled Indian conglomerate Adani said on Tuesday it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as part of its promoters' commitment to cut overall leverage backed by shares of the Group's listed companies. The billionaire Gautam Adani-led Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation, which Adani denie...
India's Adani Group pre-pays over $900 million worth share-backed financing
India's Adani Group pre-pays over $900 million worth share-backed financing
Source: IANS
7/03/2023 2:04:22 PM
India's Adani secures $3 billion credit from sovereign wealth fund India's Adani Group has told creditors it has secured a $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease debt concerns after a short-seller attack. The credit line from the sovereign wealth fund could be increased to $5 billion, the sources said, citing a memo that was circulated to participants as highlights of a three-day investor roadshow that ended on Wednesday. The identity of the sovereign ...
India's Adani secures $3 billion credit from sovereign wealth fund
India's Adani secures $3 billion credit from sovereign wealth fund
Source: IANS
1/03/2023 5:25:34 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 may be the primary bright spot among several large economies: Gautam Adani Adani Group Chairman Gautam Adani has said that India is advantageously positioned away from frozen slippery slopes and may be the primary bright spot among several large economies. In his remarks at the WEF event in Davos, Adani said: "Our multi-vector, non-partisan approach has ensured that we are well-respected and have become one of the leading voices batting for the emerging economies. The growing prominence was very visible during the forum, with widespread participation by Indi...
India may be the primary bright spot among several large economies: Gautam Adani
India may be the primary bright spot among several large economies: Gautam Adani
Source: IANS
21/01/2023 10:21:04 AM
Indian tycoon Adani's group says has no plans for telecom sector  Indian conglomerate Adani Group, owned by billionaire Gautam Adani, said on Thursday that it does not have any plans to enter the country's telecom sector. Adani, the world's third-richest man according to Forbes, has been diversifying his empire from ports to energy to now owning a media company. However, the Adani Group has stayed away from India's telecom sector, where rival Mukesh Ambani's Reliance Industries' unit Jio became a dominant player by offering l...
Indian tycoon Adani's group says has no plans for telecom sector
Indian tycoon Adani's group says has no plans for telecom sector
Source: Reuters
20/01/2023 11:01:49 AM
India's Adani to use $2.5 billion share sale proceeds for capex, debt repayment  India's Adani Enterprises will use the proceeds of the 200 billion rupees ($2.46 billion) follow-on public offering (FPO), beginning on Jan. 27, for capital expenditure requirements and pay off some debt of its units. The company will use 108.69 billion rupees from India's biggest FPO to fund green hydrogen projects, airports facilities and greenfield expressways, the Indian billionaire Gautam Adani-helmed firm said in its latest prospectus. It will also use 41.65 billion ...
India's Adani to use $2.5 billion share sale proceeds for capex, debt repayment
India's Adani to use $2.5 billion share sale proceeds for capex, debt repayment
Source: IANS
18/01/2023 4:56:42 PM
I am what I am - because I never over think the choices in front of me: Gautam Adani Adani Group Chairman Gautam Adani said that he "believes - I am what I am - because I never over evaluate or over think the choices in front of me". "I personally find this aspect the most liberating and this liberation is what makes me an entrepreneur. "I firmly believe that India holds the potential to build a 100 Adani Groups. And there could be no better place than India to be an entrepreneur today," he said. Addressing an event in Palanpur where Adani re...
I am what I am - because I never over think the choices in front of me: Gautam Adani
I am what I am - because I never over think the choices in front of me: Gautam Adani
Source: IANS
9/01/2023 9:19:05 AM
Gautam Adani will be in the dock of Rajat Sharma's iconic show 'Aap Ki Adalat' on Saturday A big treat is awaiting television viewers in the New Year on Saturday to be precise when the worlds third richest person, Gautam Adani, will be sitting in the hot seat of Rajat Sharmas 'Aap Ki Adalat'. Adani will be replying to a barrage of questions from the inimitable TV icon, who will be returning with fresh episodes of his longest running TV show. Adani, who normally avoids one-on-one TV interviews, has agreed to be the guest in the show. He will be replying to several tric...
Gautam Adani will be in the dock of Rajat Sharma's iconic show 'Aap Ki Adalat' on Saturday
Gautam Adani will be in the dock of Rajat Sharma's iconic show 'Aap Ki Adalat' on Saturday
Source: IANS
6/01/2023 11:29:05 AM
Adani lifts payout for NDTV open offer to match payment to founders Adani Enterprises said on Tuesday it will raise the amount it pays New Delhi Television Ltd stockholders who tendered their shares in the conglomerate's open offer to match what it paid the news broadcaster's founders for their stake. Adani Enterprises said it will pay an additional 48.65 rupees per NDTV share to investors who sold their shares in an open offer between Nov. 22 and Dec 5, taking the payout to 342.65 rupees per share and matching what it paid NDTV founders Radhika an...
Adani lifts payout for NDTV open offer to match payment to founders
Adani lifts payout for NDTV open offer to match payment to founders
Source: Reuters
3/01/2023 4:25:00 PM
AMG Media Networks raises its stake in NDTV to 64.71%  AMG Media Networks Ltd (AMNL), through its indirect subsidiary RRPR, has acquired 27.26 per cent stake in NDTV from Radhika Roy and Prannoy Roy, resulting in a controlling stake of 64.71 per cent in NDTV by AMNL through its subsidiaries, a statement said. The Roys continue to hold a 5 per cent stake in NDTV, a welcome presence in NDTV's new chapter, it said. Gautam Adani, Founder and Chairman of the Adani Group said: "The Adani Group is privileged to further bolster NDTV ...
AMG Media Networks raises its stake in NDTV to 64.71%
AMG Media Networks raises its stake in NDTV to 64.71%
Source: IANS
31/12/2022 9:22:25 AM
Adani Enterprises gains as its arm acquires 27.26% stake in NDTV Adani Enterprises is currently trading at Rs. 3847.00, up by 37.00 points or 0.97% from its previous closing of Rs. 3810.00 on the BSE. The scrip opened at Rs. 3812.10 and has touched a high and low of Rs. 3858.45 and Rs. 3812.10 respectively. So far 5823 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-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 arm acquires 27.26% stake in NDTV
Adani Enterprises gains as its arm acquires 27.26% stake in NDTV
Source: Accord Fintech
30/12/2022 10:54:09 AM
Indian tycoon Adani says Adani Group is financially strong- India Today Indian billionaire Gautam Adani said his conglomerate Adani Group is "financially very strong and secure," while addressing concerns about the company's debt, in an interview to news channel India Today on Wednesday. Adani said that people raising "noises" about Adani Group's debt have not done a deep dive into its financials and also have a "vested interest" to tarnish the reputation of the group. The group's profit has been growing at twice th...
Indian tycoon Adani says Adani Group is financially strong- India Today
Indian tycoon Adani says Adani Group is financially strong- India Today
Source: Reuters
29/12/2022 9:04:28 AM
India plans $2 billion incentive for green hydrogen industry India is planning a $2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field. The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official and an industry manager working in renewable energy. It would do this in part by increasing the scale of the industry, they said. The c...
India plans $2 billion incentive for green hydrogen industry
India plans $2 billion incentive for green hydrogen industry
Source: Reuters
27/12/2022 2:48:39 PM
Billionaire Adani to control nearly 65% of NDTV as founders sell stake Indian billionaire Gautam Adani will control 64.71% of New Delhi Television Ltd as the company's founders have decided to sell most of their shares, four months after he launched a takeover of the news network. Adani already held 37% of NDTV after an open offer and an acquisition of a company owned by founders Radhika and Prannoy Roy, despite several unsuccessful attempts by NDTV to block the takeover citing regulatory restrictions on moving shares. The husband-and-wife team will se...
Billionaire Adani to control nearly 65% of NDTV as founders sell stake
Billionaire Adani to control nearly 65% of NDTV as founders sell stake
Source: Reuters
24/12/2022 10:18:19 AM
India to bolster carbon trading market with stabilisation fund India is planning a stabilisation fund to keep prices of credits in its planned carbon market above a certain threshold, ensuring that they remain attractive for investors and that the market succeeds in cutting emissions, two government sources said. Money in the fund would be used by a market regulator to buy carbon credits if prices fell too low, one of the officials said. Consistent investor interest in credits and a floor under the price would be needed because sharp falls in the m...
India to bolster carbon trading market with stabilisation fund
India to bolster carbon trading market with stabilisation fund
Source: Reuters
21/12/2022 5:25:05 PM
Reliance Industries Ltd, 2 Adani group companies fastest wealth creators: Motilal Oswal Reliance Industries Ltd and two Adani group companies -- Adani Transmission and Adani Enterprises -- were the biggest, fastest and most consistent wealth creators between 2017 and 2022, said a study by Motilal Oswal Financial Services Ltd. According to the study, Adani Enterprises and Adani Transmission are also the top all-round wealth creators. During 2017-22, the top 100 wealth creators of India Inc created wealth amounting to Rs 92.2 lakh crore, the highest ever so far, Motilal Oswa...
Reliance Industries Ltd, 2 Adani group companies fastest wealth creators: Motilal Oswal
Reliance Industries Ltd, 2 Adani group companies fastest wealth creators: Motilal Oswal
Source: IANS
8/12/2022 5:28:26 PM
India`s Adani Group to invest $7.39 billion in eastern state of Odisha India's Adani Group, owned by Asia's richest man Gautam Adani, will invest 600 billion Indian rupees ($7.39 billion) over the next 10 years in the mineral-rich state of Odisha, a top executive said on Thursday. The group will commission a liquefied natural gas (LNG) terminal with 5 million tons of capacity in Dhamra port in the state this month, and plans to double this capacity within the next five years, Karan Adani, chief executive officer of Adani Ports and Special Economic Zon...
India`s Adani Group to invest $7.39 billion in eastern state of Odisha
India`s Adani Group to invest $7.39 billion in eastern state of Odisha
Source: Reuters
2/12/2022 2:39:50 PM
India's NDTV says Prannoy, Radhika Roy resigned as directors of promoter group New Delhi Television Ltd said late on Tuesday founders Radhika Roy and Prannoy Roy had resigned as directors on the board of the promoter group vehicle RRPR Holding Private Ltd. The resignation comes a day after NDTV said an entity backed by the founders had issued shares to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer to taking over the media firm. NDTV, founded in 1988 and owned by husband-and-wife team Prannoy Roy and Radhika Roy, had prev...
India's NDTV says Prannoy, Radhika Roy resigned as directors of promoter group
India's NDTV says Prannoy, Radhika Roy resigned as directors of promoter group
Source: Reuters
29/11/2022 10:48:13 AM
Adani Enterprises rises on getting nod to raise funds up to Rs 20,000 crore Adani Enterprises is currently trading at Rs. 3916.95, up by 13.60 points or 0.35% from its previous closing of Rs. 3903.35 on the BSE. The scrip opened at Rs. 3892.00 and has touched a high and low of Rs. 3925.00 and Rs. 3871.30 respectively. So far 24740 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 scri...
Adani Enterprises rises on getting nod to raise funds up to Rs 20,000 crore
Adani Enterprises rises on getting nod to raise funds up to Rs 20,000 crore
Source: Accord Fintech
28/11/2022 2:32:55 PM
Flagship Adani firm to raise $2.45 billion via new share sale Adani Enterprises, the flagship company of ports-to-energy conglomerate Adani Group, said it will raise 200 billion Indian rupees ($2.45 billion) through India's largest follow-on public offering of new shares. The proposed fund raise comes as the group led by Gautam Adani, the world's third richest person, aggressively expands into an slew of sectors including cement and healthcare, amid some concerns about its elevated debt levels and large promoter shareholding. The share off...
Flagship Adani firm to raise $2.45 billion via new share sale
Flagship Adani firm to raise $2.45 billion via new share sale
Source: Reuters
25/11/2022 4:15:54 PM
India`s Adani to invest $4 billion in petrochemical complex - Media Indian billionaire Gautam Adani is planning to invest more than $4 billion in a petrochemical complex in the state of Gujarat, he said in an interview with the Financial Times on Friday. Adani, Asia's richest person, plans to launch a "super app" in the next three to six months to connect Adani airport passengers with other Adani Group services, according to the report.
India`s Adani to invest $4 billion in petrochemical complex - Media
India`s Adani to invest $4 billion in petrochemical complex - Media
Source: Reuters
25/11/2022 1:40:52 PM
Key Stock News: Aurobindo Pharma, Air India, Lanco Amarkantak Power, Adani Enterprises, Wipro - ARETE Securities Aurobindo unit, Evive Biotech ink pact to sell CIN treatment product in US Aurobindo Pharma on Wednesday said its unit has entered into a licensing pact with Evive Biotech to commercialise Ryzneuta in the US market. The product, a novel dimeric G-CSF long-acting fusion protein without pegylation, is currently under late-stage review by the US Food and Drug Administration for chemotherapy-induced neutropenia (CIN).   Air India expands its US, Europe network with new non-stop flig...
Key Stock News: Aurobindo Pharma, Air India, Lanco Amarkantak Power, Adani Enterprises, Wipro - ARETE Securities
Key Stock News: Aurobindo Pharma, Air India, Lanco Amarkantak Power, Adani Enterprises, Wipro - ARETE Securities
Source: ARETE Securities Ltd
24/11/2022 10:01:02 AM
India can`t be just seen as a land for making and taking profits out of its geographic boundaries: Gautam Adani India cannot be just seen as a land for "making and taking" profits out of its geographic boundaries, Gautam Adani, Chairman of the Adani Group, said. Speaking at the 21st World Congress of Accountants in Mumbai, Adani said as both, domestic companies and multinationals take advantage of India's market size, we will need stronger mandates wherein corporates are compelled to rise to the challenge of enabling a social structure that recognizes the core of our culture and is ali...
India can`t be just seen as a land for making and taking profits out of its geographic boundaries: Gautam Adani
India can`t be just seen as a land for making and taking profits out of its geographic boundaries: Gautam Adani
Source: IANS
19/11/2022 2:48:08 PM
Gautam Adani comes forward to fund surgery of toddler with heart ailment Gautam Adani, Chairman of Adani Group, has come forward to fund the operation of a 4-year-old kid with a heart ailment. "Manushree will be fine very soon. Have asked @adanifoundation to get in touch with her family and ensure that the family gets all possible help that it needs to get Manushree back to school playing with her friends," Adani said in a tweet. Manushree, who lives in the Sarojini Nagar area of Lucknow, has a hole in her heart. For her treatment, the doctors a...
Gautam Adani comes forward to fund surgery of toddler with heart ailment
Gautam Adani comes forward to fund surgery of toddler with heart ailment
Source: IANS
14/11/2022 7:29:07 PM
Reliance group, Adani bid for India`s debt-ridden Future Retail Companies led by Asia's richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray to acquire India's debt-laden Future Retail Ltd, a document seen by Reuters shows. April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, Reliance Retail ventures as well as 13 other firms have submitted expressions of interest (EOIs) for Future Retail. Future Retail's court-appointed resolution pr...
Reliance group, Adani bid for India`s debt-ridden Future Retail
Reliance group, Adani bid for India`s debt-ridden Future Retail
Source: Reuters
11/11/2022 9:33:58 AM
Adani Group enters Sri Lanka`s port industry as the 1st Indian operator The Adani Group will become the first Indian port operator in Sri Lanka as construction of the Colombo Port's Western Container Terminal (WCT) is set to start on Wednesday. The group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at $700 million. The build-operate-transfer (BOT) agreement which is to remain valid for 35 years, is said to be the "largest" foreign investment ever in Sri Lanka's port history. ...
Adani Group enters Sri Lanka`s port industry as the 1st Indian operator
Adani Group enters Sri Lanka`s port industry as the 1st Indian operator
Source: IANS
9/11/2022 11:28:32 AM
India`s Adani Group continues to seek equity partners, says CreditSights India's ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the group's elevated leverage. The group, led by Asia's richest person Gautam Adani, is looking to expand its presence in power generation and infrastructure and ventured into cement-making operations earlier this year. Chairman Adani said late in September that the...
India`s Adani Group continues to seek equity partners, says CreditSights
India`s Adani Group continues to seek equity partners, says CreditSights
Source: Reuters
7/11/2022 9:44:21 AM
India's Adani Enterprises Q2 profit more than doubles India's Adani Enterprises on Thursday reported a quarterly profit that more than doubled, helped by strong performance at its integrated resources management and airports divisions. The company's consolidated profit rose to 4.61 billion Indian rupees ($55.60 million) for the second quarter ended Sept. 30, from 2.12 billion rupees a year earlier. Revenue from operations of the flagship company of coal-to-cooking oil conglomerate Adani Group nearly tripled to 381.75 billion rupees...
India's Adani Enterprises Q2 profit more than doubles
India's Adani Enterprises Q2 profit more than doubles
Source: Reuters
3/11/2022 8:06:33 PM
Adani Total Gas Q2 profit edges higher, helped by higher sales prices India's Adani Total Gas reported a marginal rise in second-quarter profit on Thursday, as the city gas distributor raised prices, but higher input costs dented its margins. The company's consolidated profit rose 1.3% to 1.60 billion Indian rupees ($19.30 million) in the July-September quarter, from 1.58 billion rupees a year ago. "The city gas distribution industry continues to face a challenging scenario with significantly higher input gas prices, mainly due to geopolitica...
Adani Total Gas Q2 profit edges higher, helped by higher sales prices
Adani Total Gas Q2 profit edges higher, helped by higher sales prices
Source: Reuters
3/11/2022 4:36:20 PM
India's Adani Ports Q2 profit jumps as cargo volumes surge Adani Ports and Special Economic Zone, India's largest private operator of ports, reported a 69% surge in quarterly profit on Tuesday, driven by strong cargo volumes. The company's consolidated profit for the quarter-ended Sept. 30 rose to 16.77 billion Indian rupees ($203 million). It had reported a profit of 9.95 bln rupees a year ago. Revenue from operations surged 33% to 52.11 billion rupees from a year ago. Adani Ports is part of the cooking oil-to-coal mining conglomera...
India's Adani Ports Q2 profit jumps as cargo volumes surge
India's Adani Ports Q2 profit jumps as cargo volumes surge
Source: Accord Fintech
1/11/2022 5:10:59 PM
India`s Adani Enterprises says not evaluating plans to buy Jaiprakash Associates cement unit Indian billionaire Gautam Adani-led Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates Ltd's cement business. The Adani Group made the disclosure in a stock exchange filing after a Bloomberg News report from earlier this week said the conglomerate was in talks to buy the cement unit for $606 million.
India`s Adani Enterprises says not evaluating plans to buy Jaiprakash Associates cement unit
India`s Adani Enterprises says not evaluating plans to buy Jaiprakash Associates cement unit
Source: Reuters
14/10/2022 3:08:14 PM