Adani Group stocks surge, adding Rs 27,000 cr to investor wealth: Report
Dec 12, 2024, at 03:39 pm
New Delhi: Adani Group stocks witnessed a substantial rise, contributing nearly Rs 27,000 crore to investors' wealth as most shares gained in morning trade, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Dec 07, 2024, at 03:17 am
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress, mdia reports said.
Adani CFO denies U.S. bribery allegations, says accused will respond within 10 days
Nov 30, 2024, at 04:12 am
Mumbai: Dismissing allegations of a $265 million bribery scheme by U.S. authorities against the Adani Group's executives, including Chairman Gautam Adani,conglomerate's Chief Financial Officer Jugeshinder Singh Friday stated that the individuals implicated would respond to the claims within 10 days, Reuters reported.
Israel expresses support for Adani Group amid US indictments over bribery allegations
Nov 29, 2024, at 05:38 am
New Delhi: Israel has reaffirmed its support for the Adani Group despite allegations of bribery against its founder in the United States.
Nov 28, 2024, at 02:02 am
New Delhi: Senior lawyer and former Attorney General of India Mukul Rohatgi refuted allegations against the Adani Group, stating that its founder chairman, Gautam Adani, and his nephew, Sagar Adani, have not been accused of bribery or obstructing justice in the US, media reports said.
Adani Group assures liquidity to meet debt obligations amid legal challenges
Nov 25, 2024, at 10:28 pm
Ahmedabad/IBNS: Adani Group has reassured investors that its listed companies have sufficient cash reserves to meet debt obligations for the next 12 months.
Adani Group reports record Rs 5 lakh crore asset base with robust growth
Nov 25, 2024, at 10:24 pm
Ahmedabad/IBNS: The Adani Group has demonstrated robust financial health and consistent growth, as highlighted in its H1 FY25 and Trailing-Twelve-Month (TTM) results.
After US fraud indictments over bribery allegations, Adani Group faces global fallout
Nov 23, 2024, at 06:03 pm
Mumbai: Gautam Adani, chairman of the Adani Group, has been indicted by U.S. prosecutors, along with seven others, for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to Indian officials to secure solar power contracts across four states and a union territory.
Sensex surges over 1,000 points as Adani Group stocks stage strong rebound
Nov 22, 2024, at 08:08 pm
Mumbai/IBNS: India’s stock market saw a robust recovery on Friday (Nov. 22), with benchmark indices rallying significantly during intraday trade.
'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani
Nov 21, 2024, at 08:16 pm
New Delhi/IBNS: The Adani Group has denied the charges of bribery and fraud brought against its chairman, billionaire Gautam Adani, by the US Department of Justice and the US Securities and Exchange Commission.
Adani Group stocks plunge up to 20% after Gautam Adani charged with bribery and fraud in the US
Nov 21, 2024, at 06:22 pm
Mumbai/IBNS: Shares of Adani Group companies plummeted by up to 20 percent on Thursday (Nov. 21) following allegations against Gautam Adani and seven others in the United States for orchestrating a multibillion-dollar bribery and fraud scheme.
Adani Group to build Mumbai’s largest international convention centre
Nov 20, 2024, at 10:58 pm
New Delhi: The Adani Group plans to invest around $2 billion to develop Mumbai’s largest international convention centre (ICC) near the international airport it operates, according to a report by Livemint.
Adani Infra to buy 30% stake in construction firm PSP Projects in Rs 6.85 billion deal
Nov 20, 2024, at 03:46 am
Adani Infra, a subsidiary of Gautam Adani's flagship Adani Enterprises, will buy a 30.07% stake in construction firm PSP Projects for Rs 6.85 billion ($81.2 million), Reuters reported, citing a company announcement by the latter.
Adani Group gets SEBI notice over allegations of misclassifying certain investors
Oct 23, 2024, at 04:11 am
Mumbai: The Securities and Exchange Board of India (SEBI ) has issued a notice to the Adani Group over allegations of misclassifying certain investors as public shareholders, as disclosed by Adani Energy Solutions in its September quarter results filed on Tuesday, October 22, media reports said.
Adani Group's Ambuja Cements to acquire 47% stake in Orient Cement for Rs 8,100 crore
Oct 22, 2024, at 08:31 pm
Ahmedabad/IBNS: Ambuja Cements, a subsidiary of the Adani Group, announced on Tuesday (Oct. 22) the signing of a binding agreement to acquire Orient Cement Ltd (OCL) for Rs 8,100 crore.
Adani Group delays $1.5 billion worth 20-year Green Bond sale as investors bid at higher yields
Oct 16, 2024, at 10:53 pm
Ahmedabad/IBNS: The Gautam Adani-led conglomerate Adani Group decided to delay a planned sale of 20-year green dollar bonds on Tuesday (Oct. 15), despite marketing the deal to investors earlier in the day, reports Bloomberg.
Oct 07, 2024, at 09:17 pm
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group is in talks to acquire the company, along with Zuari Cement, from its German parent firm.
Adani Group to supply clean energy for Google's cloud operations in India
Oct 04, 2024, at 10:26 pm
Mumbai: Adani Group announced it will supply clean energy to power Google's cloud services and operations in India, leveraging a new solar-wind hybrid project at its 30 GW Khavda renewable energy park in Gujarat, media reports said.
Adani Enterprises merges two subsidiaries to bolster green energy initiatives
Oct 03, 2024, at 03:35 am
Mumbai: Adani Enterprises Ltd. (AEL) has consolidated two of its subsidiaries with Adani New Industries Ltd. (ANIL) as part of its strategy to enhance its green energy portfolio.
Adani Group clarifies it did not release any press release on 'Kenya projects'
Sep 16, 2024, at 09:59 pm
India's Adani Group on Monday clarified it has not issued any press statement on its ongoing projects and presence in Kenya.
Sep 13, 2024, at 09:11 pm
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
Sep 06, 2024, at 10:16 pm
New Delhi: The Adani Group has reassured Bangladesh of a continuous power supply, even though its outstanding receivables have exceeded $800 million, according to sources cited by Moneycontrol.
Sep 06, 2024, at 06:04 pm
New Delhi/IBNS: The parliamentary Public Accounts Committee (PAC), the parliamentary watchdog for government spending, will investigate allegations against Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and it is likely to summon her later this month, Economic Times reported, citing people in the know.
Adani Ports acquires 80% stake in global OSV operator Astro Offshore for USD 185 million
Aug 31, 2024, at 03:25 am
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) is set to acquire an 80 percent stake in Astro, a global offshore service vehicle operator, in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x, said a company press release.
Gautam Adani replaces Mukesh Ambani to become India's richest person: Hurun India Rich List
Aug 29, 2024, at 11:33 pm
New Delhi: Gautam Adani and his family have claimed the top position in the 2024 Hurun India Rich List, with a Rs 11.6 lakh crore fortune, overtaking Mukesh Ambani.
Adani Power incorporates subsidiary in UAE
Aug 27, 2024, at 05:12 pm
Abu Dhabi/IBNS: Adani Group's subsidiary Adani Power Limited on Monday (August 27) incorporated a wholly-owned subsidiary, Adani Power Middle East Ltd. in Abu Dhabi, United Arab Emirates (UAE), the company informed the exchanges.
2.76% equity of Ambuja Cements changes hands at Rs 625.5 per share
Aug 23, 2024, at 06:50 pm
Mumbai/IBNS: As many as 6.8 crore shares, or 2.76 percent equity, of Indian cement production major Ambuja Cements changed hands in the block deal window on Friday (August 23), reports said.
Adani Power in talks to buy Reliance Power's 600-MW thermal plant in Nagpur: Report
Aug 19, 2024, at 08:45 pm
Ahmedabad/IBNS: Adani Power, a subsidiary of Adani Group, is in discussion to acquire the 600-MW Butibori thermal power project in Nagpur for Rs 2,000-3,000 crore, and the value of the deal could translate into Rs 4-5 crore per megawatt, Mint reported on Monday (Aug 19) citing its sources.
Adani Group pledges 51% stake in Navi Mumbai airport for Rs 12,770 cr loan: Report
Aug 16, 2024, at 10:11 pm
Mumbai: The Adani Group-controlled Mumbai International Airport Ltd (MIAL) has pledged a 51 percent stake in the Navi Mumbai International Airport (NMIAL) to the State Bank of India (SBI), media reports said.
'Discredited short-seller, recycled claims': Adani Group on Hindenburg's new report
Aug 11, 2024, at 08:30 pm
Mumbai: The Adani Group has dismissed the latest report from the US-based short-seller Hindenburg Research, calling it "recycled claims" that had previously been "proven baseless and dismissed by the Supreme Court." The ports-to-power conglomerate stated that the allegations were driven by personal gain, with no regard for facts or the law.