Gautam Adanigroup News

With Adani Group Chairman Gautam Adani still reeli... moreWith Adani Group Chairman Gautam Adani still reeling under Hindenburg’s onslaught, Mukesh Ambani has taken the poll position in the list of the richest Indians.

Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter. The three banks are Barclays Plc, Deutsche Bank AG and Standard Chartered Plc, said the people, asking not to be identified when discussing a private matter. They’re part of a larger consortium in talks for the syndicated loan to billionaire Gautam Adani’s conglomerate.

Gautam Adani saying the might of a nation's logistics not only lies in its ships and cargo but also in its ability to weave dreams and ambitions. Mundra port is one of the world's largest ports, with over 260 million tonnes capacity. It handled over 155 million tonnes in fiscal 2022-23, nearly 11 per cent of India's maritime cargo. As much as 33 per cent of India's container traffic flows through the port and it has contributed over Rs 2.25 lakh crore to the state and national exchequer since inception. «Since berthing its first ship, MT Alpha on October 7, 1998, the port has consistently demonstrated a visionary approach, unwavering ambition and impeccable execution, positioning itself as one of the premier and technologically advanced ports on the global map,» the company said in a statement. Emerging as a crucial trade gateway, Mundra Port has grown into a multimodal hub that drives trade and fortifies economic progression. «Mundra is also the EXIM gateway for container traffic.

Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter. The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit’s assets including sports rights and regional streaming service Disney+ Hotstar, the people said, asking not to be identified because the discussions are private. Asset-sale talks have already been held with Reliance Industries Ltd., controlled by Asia’s richest person, Mukesh Ambani, Bloomberg News reported earlier on. Disney has been weighing strategic options for its business in India including an outright sale or setting up a joint venture, Bloomberg News reported in July after the unit lost its streaming rights to the Indian Premier League cricket tournament to Viacom18 Media Pvt.

renewable energy projects developed by Adani Green Energy as part of its drive to expand its clean energy projects portfolio, Bloomberg News reported citing unnamed sources. The French oil major Total could invest about $700 million and is looking to buy stakes in some of Adani Green’s projects, the report said, citing one source. Deliberations are ongoing and there’s no certainty for a transaction, the people told Bloomberg.

Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year. Banks are likely to refinance a total of $3.5 billion, according to people familiar with the matter, who asked not to be named because the matter is private. Adani would repay at least $300 million on the original Ambuja facility, they said.

Adani stocks are indeed linked to the Indian conglomerate, reported Indian Express citing inputs from the records accessed under its Pandora Papers investigation. Adani news LIVE Updates In its report, Financial Times mentioned two offshore shell companies registered in British Virgin Islands (BVI) as the main tool to invest in Adani stocks. According to IE report, the two shell firms are linked with Adani group.

NEW DELHI : The Adani Group faced fresh allegations of opaque financial dealings after a global network of investigative journalists published a report alleging that the company invested millions of dollars in its own companies through secret offshore structures. The Organized Crime and Corruption Reporting Project’s (OCCRP’s) investigations, published by The Guardian and Financial Times, dragged down the market value of the 10 Adani group stocks by ₹35,210 crore.

By Krishn Kaushik, Aditya Kalra and Scott Murdoch

Rahul Gandhi on Thursday while addressing a press conference demanded a thorough investigation after the OCCRP released a report on the Adani Group. He also asked why the prime minister is quite on the matter. «Joint Parliamentary Committee should be allowed and a thorough investigation should take place in Adani matter,» said the Congress MP. After the Hindenburg report, another avalanche of allegations hit business magnate Gautam Adani on Thursday when an OCCRP report claimed that the group’s publicly traded stocks reportedly saw the movement of millions of dollars via ‘opaque’ Mauritius funds that ‘obscured’ the involvement of alleged partners of the Adani family. The Adani Group ‘categorically rejected these recycled allegations’ by the Organised Crime and Corruption Reporting Project (OCCRP). He said «Why is this one gentleman close to the prime minister being allowed to move a billion dollars to pump up his share price.»

India's billionaire businessman Gautam Adani's family secretly invested millions of dollars in its own companies via “opaque" Mauritius funds, reported the Organised Crime and Corruption Reporting Project (OCCR) in its latest article. These funds “obscured" the involvement of alleged business partners of the Adani family.

₹5070 crore) bid, DLF was among other bidders. SecLink doesn't bid. The Maharashtra government in 2023 awards the Dharavi project to Adani Group.

State Bank of India: SBI Chairman Dinesh Khara is likely to remain at the top post for another 10 months. The official – appointed in October 2020 – may now remain in the role beyond this three-year term. SBI rules mandate retirement at the age of 63 for its chairman – an age that Khara will reach in August next year.

Adani Ports: Two promoter entities have raised shareholding in Adani Ports and Special Economic Zone Ltd by over 2 per cent. As per the information shared by the company with Indian stock market exchanges two promoter entities Resurgent Trade and Investment Ltd and Emerging Market Investment DDC have acquired fresh stakes in Adani Ports via the open market.

MUMBAI : The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising through a share sale in a single entity. After amassing stakes worth at least ₹26,445 crore ($3.18 billion) in multiple Adani group firms through secondary market transactions since March, India-born Rajiv Jain-led investment management firm GQG Partners Llp bought an additional stake worth over $1.1 billion from the promoters of Adani Power.

SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group. On Monday, the shares of Adani group companies slid 3% to 5% after Deloitte resigned as auditor of Adani Ports, the first such move at the Gautam Adani-led conglomerate since U.S.

Adani Enterprises shares declining the most by over 5%, being the top loser on the Nifty index. Among other Adani Group stocks, Adani Power and Adani Transmission plunged more than 4% each, while Adani Ports & SEZ, Adani Green Energy, Adani Total Gas and Adani Wilmar shares were down over 3% each.

₹772.95 apiece on the BSE. The billionaire Gautam Adani-led Adani Group, said its port business arm Adani Ports and SEZ Ltd., has appointed M S K A & Associates (an independent member firm of BDO International), as its auditor. Deloitte Haskins was Adani Ports' auditor since FY2018 and was reappointed for another five-year term as the statutory auditor only last year.

Mukesh Ambani, chairman of Reliance Industries, India’s most valuable company, continues to be the richest man in India with a net worth of $96.4 billion, according to the Bloomberg Billionaires Index as of August 11. He is also the 11th richest in the world.

By Aditya Kalra and Munsif Vengattil

Smriti Irani had showed a picture of Congress leader Priyanka Gandhi's husband Robert Vadra with businessman Gautam Adani in the parliament and had commented, ‘Ye kab se Adani Adani kar rahe hain, toh ab thoda ab main bhi bol doon. Photo mere pass bhi hai...(Since when are these people (Congress) doing Adani Adani? Now even I will say, even i have a photo)’. Following this Robert Vadra had taken to Facebook to condemn the Union Minister for showing the picture of someone who is not even part of the parliament.