Gautam Adanigroup News

Rahul Gandhi on Tuesday alleged that there was a «fixed match» going on to protect crony capitalists and said ordinary investors will be the biggest loser in it. In a video titled «Buch Stops here», Rahul Gandhi targets SEBI chief Madhabi Puri Buch and businessman Gautam Adani, as he discusses the issue of safeguarding investors' savings with his colleague and party leader Pawan Khera and veteran journalist Sucheta Dalal. In the over 8-minute video conversation, Gandhi accuses SEBI under chairperson Buch of failing to protect investor wealth, instead, he said it «safeguarded» corporate giants like the Adani Group.

Rahul Gandhi's swipe at Prime Minister Narendra Modi's 'Ek hai toh safe hai' slogan, the BJP hit back at the Congress leader on Monday, calling him "chota popat" which it claimed was coined by Shiv Sena founder Bal Thackeray to mock him. The party also slammed Congress president Mallikarjun Kharge over his «poisonous snakes should be killed» barb, saying it shows the party's Emergency mindset which likens rivals to snakes and incites violence against them. Earlier in the day, claiming a link between the BJP's slogan and the Dharavi redevelopment project being given to the Adani Group, Gandhi pulled out two posters from a safe he had brought to his press conference in Mumbai — one featuring a picture of industrialist Gautam Adani and PM Modi along with the caption «Ek hai toh Safe hai» and another showing a map of the project. «It was a very low-level press conference. Bringing a safe and creating drama around it, holding of this kind of press conference by the so-called top leader of the so-called national party does not suit Rahul Gandhi and the Congress,» BJP MP and national spokesperson Sambit Patra said reacting to Gandhi's jibe.

Subscribe to enjoy similar stories. AHMEDABAD, India—Gautam Adani, the billionaire founder of one of India’s biggest business conglomerates, lies at the intersection of the country’s clean energy challenge to China. Adani Group, which built its energy empire on coal, is setting up an entire solar supply chain starting with indigenous manufacturing of ingots, wafers, cells and panels, and soon polysilicon.

Adani Cement «achieve targeted growth ahead of time», said Adani Group Cement Business CEO Ajay Kapur in an investors' call on Monday. The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28. «Adani Cement will benefit from accelerated growth, lower costs and good synergies, all of which will contribute to leading the market and achieving sustainable performance in the near future. The pace of capex has increased, which will help to achieve targeted growth ahead of time,» said Kapur. Ambuja Cement, part of Adani Group, which houses all cement assets, is a debt-free company and as of September 2024, cash and cash equivalent for the company was at Rs 10,135 crore, said Kapur.

Sebi) is set to hold a crucial board meeting on Monday, its first gathering following the allegations of conflict of interest against chairperson Madhabi Puri Buch by US-based Hindenburg Research and India's Congress party. The board is likely to take cognisance of the conflict of interest accusations and the issues arising from the withdrawn press release on employee matters. Although these topics are not on the official agenda, they may be informally discussed, according to people with knowledge of the matter. «Between the last board meeting and Monday's meeting, any significant event concerning the institution, its board members, including the chairperson, has to be taken note of by the board,» said one of them.

Swiss bank accounts as part of an investigation into allegations of money laundering and securities forgery linked to the Adani Group, alleged Hindenburg Group citing newly released Swiss criminal court records. In a post on X on Thursday, the US short-seller said that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate. As per a report by Swiss media, Geneva Public Prosecutor's Office was investigating alleged wrongdoing by the Indian conglomerate Adani well before activist investors from Hindenburg Research made the first accusations.

(Bloomberg) -- Billionaire Gautam Adani’s flagship firm is considering raising around 100 billion rupees ($1.2 billion) to 120 billion rupees through a share sale, according to people familiar with the matter, a move that would follow a separate recent fundraising deal at his power transmission unit. Adani Enterprises Ltd. may seek to raise funds through a so-called qualified institutional placement, or QIP, the people said, asking not to be identified because the matter is private.

India's Adani Group is considering investing in two airports in Vietnam, the Vietnamese government said on Wednesday, weeks after the company revealed it had permission to build a seaport in the country.

Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group's first fundraise from equity markets after a $2.5 billion share sale was scrapped in February last year after U.S.-based short seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation.

Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade. Adani Ports and Special Economic Zone Ltd. has secured an “in-principle approval from the Vietnamese government” for a greenfield development in Da Nang, Karan Adani, managing director of the company, said in an interview. The project, which will have container terminals and multipurpose berths to handle various types of cargo, is at an early stage of planning and the total investment required hasn’t been finalized yet, he said. This will be the fourth international port asset for the Adani group after Haifa in Israel, Colombo in Sri Lanka and the Port of Dar es Salaam in Tanzania. On Friday, Adani’s new mega port in southern India saw the arrival of its maiden mother ship and the company wants to accelerate the expansion of the facility in a bid to grab a bigger share of the international maritime trade that’s currently dominated by China.

Adani Group, and India, have scripted history with a big cargo ship called San Fernando from China arriving at Kerala's newly built Vizhinjam International Sea Port. The 300-metre-long San Fernando, operated by Maersk, one of the world’s leaders in shipping and logistics, is the first commercial container cargo vessel to dock at India's largest transhipment port. Kerala Chief Minister Pinarayi Vijayan and Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal formally welcomed the ship. «The commissioning of Vizhinjam Port has started a new chapter in the development of Kerala. This moment is a matter of pride for our country too,» Vijayan said. «This milestone marks India's entry into global transshipment and ushers in a new era in India's maritime logistics, positioning Vizhinjam as a key player in global trade routes. Jai Hind!» Adani Group chairman Gautam Adani wrote on X. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said in a statement, “San Fernando – now berthed at our harbour — is a symbol of a new, glorious achievement in Indian maritime history… No other port in India – including our own highly advanced Mundra Port – has these technologies. What we have already installed here is South Asia’s most advanced container handling technology. And once we complete the automation and the Vessel Traffic Management System, Vizhinjam will be in a class of its own as one of the most technologically sophisticated transshipment ports in the world.”

Adani group capitalize on upcoming opportunities, especially with its expertise in executing complex, large-scale projects, chairman Gautam Adani said. The core infrastructure group which has businesses ranging across ports, green energy, cement, airports, power and transmission will be setting up the largest energy installation, redeveloping the largest slum and making the largest single location copper smelter of the world in the country over the next few years.

India's Adani Group is «well positioned» to capitalize on opportunities in the country's booming infrastructure sector as spending is expected to surge, Chairman Gautam Adani told investors on Monday. The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending that is expected to grow at a compounded annual growth rate of 20%-25%, Adani said.

Anand Mahindra shared a video of R Praggnanandhaa with the caption, «Now, it was the world #2 in the bag...»

Indian benchmark equity indices closed in the red for the fourth straight session on Wednesday, dragged down by losses in heavyweight financials and IT stocks. Uncertainty around domestic election results and the timing of US rate cuts also contributed to the decline. The 30-share BSE Sensex declined by 668 points, or 0.89%, to settle at 74,503. The broader NSE Nifty dropped 183 points, or 0.80%, to end at 22,704.

Mirroring the weakness in global markets, Indian headline indices opened lower for the fourth consecutive session on Wednesday as investors cautiously await U.S. inflation data due this week for clues on the Federal Reserve's interest rate trajectory. Selling was seen across all sectors. The BSE Sensex was trading 315 points, or 0.42, lower at 74,857. The Nifty50 was down 103 points, or 0.45%, trading at 22,785 around 9:20 am.

One97 Communications on Wednesday responded to a media report claiming that Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm's parent company One97 Communications. «We hereby clarify that the abovementioned news item is speculative and the company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» communicated the company in an official statement. Read More: Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co

Aditya Birla Fashion and Retail: ABFRL reported a net loss of ₹266.4 crore for Q4, an increase from the previous year’s loss of ₹194.5 crore. The company’s revenue rose by 18.3% to ₹3,406.7 crore. EBITDA also increased by 47.1% to ₹283.7 crore, and EBITDA margin improved to 8.3% from 6.7%.

Adani Group's promoter entities, led by billionaire Gautam Adani, increased their stakes in two listed entities — Adani Enterprises and Adani Green Energy — in May ahead of a proposed fundraising programme for some of its group firms. According to NSE data, promoter entities bought 72.70 lakh shares of flagship company Adani Enterprises worth ₹2,162 crore and 1.39 crore shares of Adani Green Energy worth ₹2,507 crore in multiple tranches between May 10 and May 23.

₹16,600 crore through qualified institutional placement (QIP) and other methods.The Board of Directors of Adani Enterprises, at its meeting held on May 28 has approved raising of funds by way of issuance of equity shares and other eligible securities or any combination thereof, for an aggregate amount of ₹16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches, Adani Enterprises said in a regulatory filing.However, the fundraising will be subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on Monday, 24th June, 2024 and other regulatory and statutory approvals, the billionaire Gautam Adani-led company added.Also Read: NCLAT upholds Adani Goodhomes’ resolution plan for Radius EstatesOn Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.On Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.In 2023, the flagship Adani Group company Adani Enterprises came with a follow-on public offer (FPO) to raise ₹20,000 crore.

shares of billionaire Gautam Adani's flagship entity Adani Enterprises have erased all losses induced by the controversial Hindenburg report. During the day, the stock rallied 2% to hit a fresh 52-week high of Rs 3,455 on BSE but was still about 21% away from its all-time peak of Rs 4,189.55 touched on 21st December 2022. At the peak of the Hindenburg crisis, shares of Adani Enterprises had fallen to a low of Rs 1,017.45 on 3rd February 2023. Faithfuls have been rewarded with a 3X return since then.