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Indian-Irish businessman Noel Tata has been appointed chairman of Tata Trusts, the Tata Group’s charity arm. His parents are Simone N Tata and Naval H Tata. After Ratan Tata, his half-brother, passed away earlier this week at the age of 86, Noel assumed the role. The appointment of Noel Tata, Ratan Tata’s half-brother, as Tata […]
In a major milestone for Navi Mumbai International Airport Ltd (NMIAL), an Indian Air Force (IAF) aircraft successfully landed on the airport’s southern runway on Friday. The inaugural landing of the IAF C-295, a large multi-role tactical airlifter, marks significant progress in the Adani Group’s development of this greenfield international airport. On the milestone, Adani […]
Adani Group on Wednesday announced that Mundra Port, India’s largest commercial port, has received a special postal stamp to mark its silver jubilee year. The commemorative stamp, issued on World Post Day, celebrates Mundra Port’s significant socio-economic contributions and its evolution into a global maritime powerhouse over the past 25 years. On the special occasion, […]
India’s benchmark indices fell nearly 1% on Friday in a volatile trading session, capping their worst weekly performance in over two years. The downturn was triggered by escalating tensions in the Middle East, prompting global investors to seek safer havens and raising concerns over potential oil price hikes. The markets also faced pressure due to […]
In recent years, the financial landscape in India has seen a significant transformation, particularly with the rise of cryptocurrency as a viable investment option. Among the innovative ways to invest in digital assets, Systematic Investment Plans (SIPs) for cryptocurrencies have gained significant traction. As investors seek new opportunities and avenues for wealth creation, the increasing […]
Global events can have a significant impact on forex markets. Political changes, natural disasters, and economic developments can create volatility, influencing currency values. Understanding how these events affect forex trading is crucial for success in the market. In this article, we will explore various global events that impact forex markets and provide tips on how […]
Google and Adani Group announced a clean energy collaboration, helping advance companies’ collective sustainability goals and add more clean energy to Indian grid. “Through this partnership Adani will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Khavda, Gujarat. This new project is expected to start […]
Three companies from the Adani Group portfolio — Adani Enterprises Ltd (AEL) (via its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ), and Ambuja Cements Ltd — have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, establishing the Adani Mundra Cluster. On the initiative, Managing Director of APSEZ and […]
Reliance Industries Limited (RIL) Director Anant Ambani and bp CEO Murray Auchincloss on Thursday unveiled the 500th Jio-bp pulse Electric Vehicle (EV) charging station at the Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai. During the launch, Anant Ambani said, “Jio-bp is playing a pioneering role in accelerating EV adoption in India. With […]
Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd on Tuesday said they have joined the Utilities for Net Zero Alliance (UNEZA) to help India accelerate the adoption of renewables and overcome common barriers in the realisation of global Net Zero ambitions. AGEL in the renewable energy sector and AESL in transmission and distribution […]
Adani Total Gas Ltd (ATGL) has obtained financing of $375 million from global lenders to expand its City Gas Distribution (CGD) business, the company announced on Friday. The company stated that the maiden financing of $375 million concluded with international lenders includes an initial commitment of $315 million, with an accordion feature to increase the […]
The US-based firm Cantor Fitzgerald has begun coverage of Adani Energy Solutions Ltd (AESL), giving it an ‘Overweight’ rating and setting a target price of Rs 2,251, indicating a potential 130 per cent increase from Thursday’s closing price. Cantor Fitzgerald noted that Adani Energy Solutions is trading at a 60 per cent discount to its […]
Torrent Power has announced investment of 64,000 crore for green or renewable energy projects having employment potential for 26,000 people. Reaffirmed its commitment towards green and sustainable future, it has submitted two ‘Shapath Patras’ to the Union Ministry of New and Renewable Energy at the 4th Edition of RE-Invest at Gandhinagar. RE-INVEST is being organised […]
It is known that Micro, Small and Medium Enterprises (MSMEs) play a quintessential role and are a strong pillar for the Indian economy. To help with the development and growth of these small and micro businesses, the government, mainstream financial institutions and the newcomers in the markets-NBFCS offer MSME loans. These loans cater to the […]
The Adani Group has issued an official statement criticising, denouncing and disowning certain media releases in circulation in the name of the company or by the company, calling them malicious attempts to defame the company. A spokesperson of Adani Group said in a statement, “Certain vested interests with malicious intent are circulating multiple fraudulent press […]
Adani Green Energy Ltd. (AGEL) on Monday announced the successful redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024. This comes after the company’s announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the […]
Union Minister Jayant Chaudhary on Friday launched the Reliance Foundation Skilling Academy, a platform dedicated to preparing India’s youth for jobs of the future. The platform was introduced at a national conference on “Empowering Youth for the Jobs of the Future,” which was coordinated by the National Skill Development Corporation (NSDC) and the Reliance Foundation. […]
Gujarat is indeed a vibrant and much-happening state. It is also the home state of Prime Minister Narendra Modi, who conceptualised and began the Vibrant Gujarat Summit in 2003. But according to the latest figures, in the first quarter of FY 2025, Gujarat ranks fifth when it comes to Foreign Direct Investment (FDI) inflows amounting […]
Adani Green Energy Limited (AGEL), India’s largest renewable energy company, and TotalEnergies, have announced a strategic joint venture (JV), equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located at the world’s largest renewable energy plant in Khavda, Gujarat. AGEL will contribute its current assets […]
Adani Ports and Special Economic Zone (APSEZ) on Friday announced that it has entered into a definitive agreement to acquire 80% stake in Astro in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x. APSEZ is India’s largest ports and logistics company and a part of the […]
