Page 10 - Adani Group

Life Insurance Corporation recoups losses as Adani Group shares rise

State-owned Life Insurance Corporation (LIC) has recouped losses on its investment in Adani Group stocks after shares of the apple-to-airport conglomerate rose for the third consecutive session. LIC holds shares in seven out of the 10 listed companies of the Adani Group. The shareholding ranges from 1.28 per cent in Adani Green Energy Ltd to 9.14 per cent in Adani Ports & SEZ Ltd, according to information available on stock exchanges. The rout in the Adani Group shares that followed US short seller Hindenburg Research releasing a damning report on January 24 led to LIC's investments turning negative a week back. Against a purchase price of Rs 30,127 crore, the value of shares LIC held in the Adani Group dropped to Rs 29,893.13 crore on February 24. But the rally in the Adani Group stocks after investors poured in money has reversed the situation. The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it ...

Hindenburg has its view, we disagree with it: GQG Partners' Rajiv Jain

Jain made it clear that he is always looking to "exploit the mispricing of long-tailed assets"

Icra downgrades outlook on Adani Ports, Adani Total to 'negative'

Affirms ratings on long-term loans of both firms

Adani back on investment track after Hindenburg, with mega plans in Andhra

Karan Adani announces two cement units, 15,000 MW of RE power project and 400 MW data centre in the state

Adani Group to hold fixed-income road shows in London, Dubai, US in March

Adani group management, including group Chief Financial Officer Jugeshinder Singh, will attend the road shows which will run between March 7 to March 15, the document showed

India Inc commits Rs 11.87 trn to Andhra on Day-1 of investor summit

NTPC, Adani, RIL among major participants; state set to sign another set of MoUs worth Rs 13 trn on Saturday

Bulls drive Sensex over 1,000 points higher: Here are top 3 reasons why

The spike comes after the US Federal Reserve Atlanta President Raphael Bostic vouched for a measured rate hike approach, which strengthened global sentiments

Australian pension fund client queries GQG about $1.9 bn Adani investment

AustralianSuper, which has an external mandate with GQG Partners, will be exposed to the four Adani Group companies following the deal, according to a source familiar with the matter

Adani Group to set up 2 new cement plants, data centre in Andhra Pradesh

Adani group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh as it looks to double down on its presence in the state, Karan Adani, founder family's scion, said on Friday. The apples-to-airport group plans to double the capacity of the two sea ports it operates at Krishnapatnam and Gangavaram in the state, he said at the Andhra Pradesh Global Investors Summit here but did not give investment numbers. The investments will be on top of the Rs 20,000 crore already invested in the state, which created more than 18,000 direct and 54,000 indirect jobs. Adani, who is the CEO of the group's port company Adani Ports and SEZ Ltd and the son of group founder and chairman Gautam Adani, said the group will set up cement plants with total capacity of 10 million tonnes per annum at Kadappa and Nadikudi in the state as well as a 400 MW data centre in Visakhapatnam. This is the first public appearance from the Adani family in

Who is Rajiv Jain, and how he built his $92 billion empire at GQG Partners

Jain's career as a portfolio manager started in 1994 when he joined Vontobel Asset Management

Nifty PSU Bank index surges 4% amid rebound in Adani group stocks

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.

Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake

The promoters plan to use the proceeds to retire debt and for other purposes.

Top headlines: Adani promoters sell stakes, AI plans single pay structure

Business Standard brings you the top headlines at this hour

Adani Group bonds flash warnings even as $153 billion stock rout eases

But a closer look at billionaire Gautam Adani's empire shows that while fears of a debt blowup in the next three years have receded, investors still have doubts

Adani promoters sell stakes worth Rs 15,446 crore to GQG Partners

The promoters plan to use the proceeds to retire debt and for other corporate purposes

Supreme Court forms an expert committee to probe Adani allegations

Sebi told to investigate stock manipulation charges against group

TMS Ep381: SC on Adani-Hindenburg, employment data, Cipla stocks, and more

What next in the Adani-Hindenburg saga? What do India's employment numbers imply? What do USFDA observations mean for Cipla? What is the New START Treaty?

Meet the members of SC-appointed panel on Adani Group share crash

The committee is also tasked with assessing if there has been regulatory failure and to suggest measures to strengthen the framework

Foreign investors to seek review of enhanced rules after Adani rout: Report

In the first week of February, SEBI wrote to custodian banks asking them to reach out to their FPI clients by March and share details of beneficial owners by the end of September

Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said