US invests $553 million in Adani port in Sri Lanka amid growing Chinese influence
Nov 09, 2023, at 06:36 am
Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.
Adani Enterprises profit falls 51% YoY in Q2FY24 to Rs 228 cr
Nov 03, 2023, at 05:24 am
Mumbai: Gautam Adani-led Adani Group’s flagship company Adani Enterprises Ltd on Thursday reported a 50.57% year-on-year (YoY) decline in consolidated net profit at Rs 227.80 crore for the quarter ended September 2023.
Mukesh Ambani takes over Gautam Adani to be the richest Indian: Report
Oct 11, 2023, at 05:39 am
Mumbai: Reliance Industries chairman Mukesh Ambani has surpassed Gautam Adani of Adani Group to claim the top spot as the wealthiest Indian in the 360 ONE Wealth Hurun India Rich List 2023.
Abu Dhabi's International Holding Company increases stake in Adani Enterprises by 5%
Oct 04, 2023, at 03:16 am
Mumbai: After divesting its shares in two Adani Group firms, Abu Dhabi's International Holding Company (IHC) announced on Tuesday that it has increased its stake in the group's primary entity, Adani Enterprises Ltd, to over 5 percent, reported Moneycontrol.
Ambuja Cements incorporates three wholly-owned subsidiaries to bolster aircraft, cement business
Sep 23, 2023, at 05:35 am
Mumbai: Adani Group company Ambuja Cements Ltd informed the stock exchanges on Friday that it has acquired three wholly-owned subsidiary companies namely, Lotis IFSC Private Ltd, Ambuja Concrete North Private Ltd and Ambuja Concrete West Private Limited in order to carry business in aircraft and cement sectors, media reports said.
TotalEnergies to invest in Adani Green Energy's renewable energy projects
Sep 16, 2023, at 04:54 am
Mumbai: TotalEnergies SE is reportedly in discussions to invest in renewable energy ventures developed by Adani Green Energy Ltd, Bloomberg reported.
Sep 01, 2023, at 05:59 am
Mumbai: Gautam Adani-led Adani Group has strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP).
Adani Group to materialise its $50 billion green hydrogen project with or without TotalEnergies
Aug 14, 2023, at 02:06 am
Billionaire Gautam Adani's company is undeterred in materialising its $50 billion green hydrogen project with or without its French partner, TotalEnergies SE, media reports said.
Adani Enterprises Q1FY24 PAT soars 44% YoY to Rs 674 cr
Aug 04, 2023, at 02:31 am
Mumbai: Adani Enterprises on Thursday reported its financial results for the quarter ending in June 2023, revealing a consolidated net profit of Rs 674 crore, an increase of 44 percent compared to the net profit of Rs 469 crore reported in the previous fiscal year.
Adani Group's Ambuja Cements acquires Sanghi Industries for Rs 5,000 cr
Aug 03, 2023, at 11:57 pm
Mumbai: Adani Group-owned Ambuja Cements Ltd (ACL) has acquired Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore, the company said in a press release on Thursday.
Jul 16, 2023, at 03:06 am
Dhaka/Ahmedabad: 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 Jharkhand’s Godda.
Gautam Adani considering bidding for Anil Ambani's coal-fired power plants under auction: Report
Jul 12, 2023, at 06:20 am
New Delhi: Billionaire Gautam Adani is contemplating a bid for the coal-fired power plants owned by Anil Ambani, who is facing financial difficulties, Bloomberg reported.
Jun 29, 2023, at 04:41 am
Mumbai: Goldman Sachs GQG and other foreign investors have made significant investments in Adani Green Energy and Adani Enterprises, according to recent reports.
Adani Group in talks for major debt refinancing first time after Hindenburg report
Jun 14, 2023, at 01:03 pm
Mumbai: The Adani Group is engaged in discussions with lenders, including global banks, to refinance a loan facility of up to $3.8 billion that was obtained for the acquisition of Ambuja Cements Ltd. last year, Bloomberg reported.
Odisha train mishap: Gautam Adani takes responsibility to educate children orphaned in the accident
Jun 05, 2023, at 04:28 am
New Delhi: Gautam Adani on Sunday announced that the Adani Group would assume the responsibility of providing education for children who tragically lost their parents in the Odisha triple train accident.
Hindenburg-Adani issue: Expert panel submits report to SC in sealed cover
May 11, 2023, at 06:23 am
New Delhi: The six-member expert committee, formed by the Supreme Court to investigate the allegations levelled by US short-seller Hindenburg Research against Gautam Adani’s ports to power conglomerate Adani Group, has submitted its report to the top court in a sealed cover recently.
May 05, 2023, at 02:45 am
Mumbai: Gautam Adani led Adani Group’s flagship firm Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, riding on a strong performance from its key coal trading division, Reuters reported.
Adani Group prepays $200 million part of debt used to acquire Holcim's India units: Report
Apr 29, 2023, at 02:21 am
Mumbai: Adani Cement Industries Ltd. has made a pre-payment of $200 million in the last week to reduce its $1 billion mezzanine loan that it had taken from global banks to finance the acquisition of Holcim Ltd.'s Indian units, Bloomberg reported citing sources.
Adani JV in talks with banks for first credit in dollars since Hindenburg report: Report
Apr 05, 2023, at 04:46 am
Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.
Jeff Bezos lost more wealth than Gautam Adani and Mukesh Ambani in last one year
Mar 23, 2023, at 01:38 am
Mumbai/IBNS: Jeff Bezos, the founder of e-commerce giant Amazon, lost more wealth in dollar terms in the last one year than Indian billionaires Mukesh Ambani and Gautam Adani combined, according to the 2023 M3M Hurun Global Rich List.
Adani Group prepays Rs 73.74 billion share-backed financing: Report
Mar 08, 2023, at 05:37 am
Adani Group on Tuesday said that it has prepaid share-backed financing worth Rs 73.74 billion ($901.16 million) as part of its promoters’ commitment to cut down overall leverage backed by shares of the group's listed companies, Reuters reported.
Adani Enterprises removed from NSE's short-term additional surveillance framework
Mar 08, 2023, at 05:15 am
Mumbai/IBNS: Adani Enterprises, the flagship company of the Adani conglomerate that deals with ports and power, has been taken off the National Stock Exchange's (NSE) short-term additional surveillance framework, media reports said on Monday.
Mar 05, 2023, at 09:50 pm
New Delhi: Prominent lawyer Harish Salve has called for a detailed probe into US short-seller Hindenburg Research’s negative report on Adani Group that caused market turbulence last month as conglomerate's listed stocks lost billions of dollars in a short span.
Mar 05, 2023, at 07:31 pm
Former Australian PM Tony Abbott has rubbished the allegations of grave irregularities against Adani Group by US-based short seller Hindenburg Research and said it is "easy to make allegations, but just because something has been alleged, doesn't make it true."
'Truth will prevail': Gautam Adani welcomes SC's order in Hindenburg issue
Mar 02, 2023, at 10:49 pm
Mumbai/IBNS: Business tycoon Gautam Adani has welcomed the Supreme Court’s order to form a panel to probe the accusations of business malpractices by US short-seller Hindenburg Research on Adani Group companies.
Feb 22, 2023, at 07:00 am
Through a period of over a decade, sockpuppets added non-neutral content and removed warnings from information, creating a 'puffery' around tycoon Gautam Adani, his family and the port-to-airport group, Wikipedia has alleged, reported media.
Feb 17, 2023, at 04:29 am
Mumbai: Adani Group has dismissed reports that the conglomerate has hired accountancy firm Grant Thornton.
Adani Group hires top US law firm Watchell to take on Hindenburg Research
Feb 11, 2023, at 08:16 am
The Adani Group is likely to take US short-seller Hindenburg Research to court over its report accusing the Gautam Adani-led conglomerate of stock manipulation and accounting fraud. The company has hired one of Wall Street's legal powerhouses to take on Hindenburg Research, reported The Financial Times.
Feb 09, 2023, at 08:49 pm
Mumbai/IBNS: Amid reports of a raid by the Himachal Pradesh State Excise Department on a unit of the Adani Group in Parwanoo late Wednesday, the firm said in a statement on Thursday that “the officials did not find any irregularities in the operations and dealings conducted by the company.”
Adani Group to prepay $500 million loan due next month: Report
Feb 09, 2023, at 06:26 am
The Adani Group is looking to prepay a $500 million loan due next month to a consortium of banks as the Gautam Adani-led conglomerate looks to bolster its finances following a short seller attack, Bloomberg reported.