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Adani Defence and Aerospace has handed over a second Drishti-10 Starliner surveillance drone to the Indian Navy, significantly enhancing the country’s ability to monitor vital shipping routes and counter-piracy threats. Following the delivery of the first Drishti-10 earlier this year, the second unmanned aerial vehicle (UAV) was inducted into naval operations at Porbandar in Gujarat, […]
CareEdge has upgraded the credit rating of Gopalpur Port from BBB (RWP) to AA/Stable, marking an increase of six notches, following its acquisition by Adani Ports and Special Economic Zone (APSEZ) in March 2024. CARE cited that “APSEZ has an established track record of successfully turning around port assets including Dhamra Port post-acquisition through bringing […]
In support of the Adani Group, rating agency CRISIL Ratings stated on Friday that the conglomerate has adequate liquidity and operational cash flows to meet its debt obligations and committed capital expenditure. It also noted that there have been no negative actions from lenders or investors following the United States indictment of the Group’s founder […]
Japan’s largest banks intend to maintain their relationships with billionaire Gautam Adani despite bribery allegations in the United States, even as other global firms, including Barclays Plc, reconsider their exposure to the Indian conglomerate. Mizuho Financial Group Inc. believes the controversy surrounding Adani will not have a lasting impact and plans to continue supporting the […]
Adani Green Energy Ltd (AGEL) has released an official statement clarifying that Gautam Adani, Sagar Adani and senior executive Vneet Jaain have not been charged with violations of the United States Foreign Corrupt Practices Act (FCPA). This announcement comes in response to media reports suggesting otherwise, which the company has categorically refuted as incorrect. In […]
Gautam Adani, founder and chairman of the Adani Group, along with his nephew Sagar, has been summoned to address allegations by the US Securities and Exchange Commission (SEC) of paying $265 million (Rs 2,200 crore) in bribes to secure profitable solar power contracts. Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev home […]
As the BJP-led NDA alliance appears set for a landslide victory in the Maharashtra Assembly Elections, financial experts are analysing its potential impact on the Indian stock market when trading resumes on Monday. The clear mandate is expected to strengthen investor confidence, shifting market strategies from defensive to aggressive. Speaking on the anticipated market reaction, […]
Gujarat Congress President and Rajya Sabha MP Shaktisinh Gohil has demanded an immediate investigation into allegations against the Adani Group following charges brought in by United States authorities. “Adani should be arrested but we all know that Modiji would not do that since the trail would lead the inquiry to him also at a personal level”, […]
The Adani Group has strongly denied allegations made by the United States Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) against its executives, including billionaire chairman Gautam Adani. In a statement, the group described the allegations as “baseless” and emphasised its commitment to legal compliance. The statement follows charges brought by US […]
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The Supreme Court has exercised its extraordinary constitutional authority, ordering the liquidation of grounded airline Jet Airways’ assets. A bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra on Thursday overturned the National Company Law Appellate Tribunal (NCLAT) decision that supported Jet Airways’ resolution plan and approved the transfer of ownership […]
Domestic stock markets tumbled sharply on Monday as the S&P BSE Sensex plunged more than 1,100 points in morning trade, pressured by persistent foreign outflows and mounting global and domestic economic worries. Around 10:30 am, the NSE Nifty50 declined 357.80 points to 23,946.55, while the S&P BSE Sensex dropped 1,121.16 points to trade at 78,602.96. […]
Ambuja Cements, a company under the Adani Group, reported steady growth for the July-September quarter of 2024-25, achieving a 9 per cent volume increase to 14.2 million tonnes. This marks the highest Q2 volume in five years. The company recorded its highest quarterly revenue at Rs 7,516 crore, reflecting a 1 per cent year-on-year rise. […]
ACC Ltd, the cement giant led by the Adani Group, reported a 4.03 per cent year-on-year (YoY) increase in revenue from operations for the July-September quarter (Q2) of FY25. Revenue rose to Rs 4,613.52 crore, up from Rs 4,434.73 crore in the same period last year due to the strong demand for high-quality cement across […]
Adani Total Gas Ltd (ATGL), a joint venture between India’s Adani Group and French energy giant TotalEnergies, reported a 6% increase in its net profit for the second quarter of the 2024-25 financial year, despite higher gas prices impacting overall gains. The company posted a net profit of Rs 178 crore for the July-September quarter, […]
Edible oil company Adani Wilmar Ltd on Thursday has announced a consolidated net profit of Rs 311.02 crore for the second quarter of this fiscal year, driven by increased income. Adani Wilmar is a joint venture between the Adani Group and Singapore-based Wilmar, selling edible oils and other food products under various brands, including the […]
Ambuja Cements, a subsidiary of Adani Cement and part of the diversified Adani Group, is set to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore on Tuesday. Under the terms of the agreement, Ambuja will acquire 46.8% of OCL’s shares from its current promoters and selected public shareholders. The acquisition […]
Adani Enterprises Limited (AEL) announced today the successful completion of its Qualified Institutional Placement (QIP) of equity shares, raising approximately Rs 4,200 crore (USD 500 million). A total of 1,41,79,608 equity shares, with a face value of Re 1 each, were allocated at a price of Rs 2,962 per share through this offering. The QIP […]
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