Page 2 - Adani Group

Cement stocks riding high on hopes of higher demand, capex push

Price wars led by increasing capacities and aggressive competition may mar prospects

NCP may have its view but 19 Oppn convinced Adani issue real: Congress

With NCP supremo Sharad Pawar stating that the Adani Group was seemingly targeted by the US-based short-seller Hindenburg Research, the Congress on Friday said its ally NCP may have its view but 19 like-minded Opposition parties are convinced that the charges against the conglomerate are real and very serious. The Congress also said all 20 like-minded Opposition parties, including the Nationalist Congress Party (NCP), are united and will be together in saving the Constitution and democracy from the "BJP's assaults". In an interview to NDTV, Pawar came out in support of the Adani Group and criticised the narrative around the Hindenburg Research's report on the conglomerate. "Such statements were given by other individuals too earlier and there was a ruckus in Parliament for a few days but this time out-of-proportion importance was given to the issue. "The issues that were kept, who kept them, we had never heard of these people who gave the statement, what is the background. When the

Cong accuses Adani Group of having links with Chinese firm; Rijiju responds

The Congress on Thursday accused the Adani Group of having business links with a Chinese company in all its infrastructure projects in roads, railways, ports and airport sectors, saying it posed a threat to national security. The remarks prompted Law Minister Kiren Rijiju to hit back at the opposition party. Responding to a tweet by Congress leader Jairam Ramesh, Rijiju said, "Do not comment on sensitive matters. The Congress has no moral right to speak about Arunachal Pradesh." Ramesh had alleged that business tycoon Gautam Adani has business links with Chinese citizens. He wondered whether it was compromising national security. The law minister also shared a video in which the then defence minister A K Antony is purportedly telling Lok Sabha that for long India had a policy not to develop borders as an undeveloped border was safer than a developed border. "First respond to this reality," Rijiju, who represents Arunachal Pradesh in the Lok Sabha, said. Addressing a press confere

Adani Wilmar's overall oil sales volume drop in Q4 on weaker demand

The company saw smoother supplies of imported edible oils during the quarter with prices cooling off, resulting in higher consumer demand, especially among the rural population

FM slams Rahul Gandhi for 'baseless allegations' against PM on Adani issue

Union Finance Minister Nirmala Sitharaman on Thursday came down heavily on Congress leader Rahul Gandhi for making baseless allegations against Prime Minister Narendra Modi on the Adani issue, and described him as a "repeat offender" in levelling such charges. Responding to questions at a press conference at the State BJP office here, she said, "If Rahul Gandhi really thinks that Adani has been given all these things (undue favours), it is not true," "Let me also say he's now becoming a repeat offender in terms of putting baseless allegations against the Prime Minister. We saw that prior to the 2019 elections, now he's doing it again. He doesn't seem to learn any lessons from all these false allegations that he wants to level against the Prime Minister." Sitharaman also sought to know why Gandhi did not raise a voice against the "undue favour" to Adani by the Kerala government and a solar power project to the company in Rajasthan. "It was the (then) Congress government (in Kerala),

FM slams Rahul for "baseless allegations" against PM on Adani issue

Union Finance Minister Nirmala Sitharaman on Thursday came down heavily on Congress leader Rahul Gandhi for making baseless allegations against Prime Minister Narendra Modi on the Adani issue, and described him as a "repeat offender" in levelling such charges. "If Rahul Gandhi really thinks that Adani has been given all these things (undue favours), it is not true," Sitharaman said responding to questions at a press conference at the State BJP office here. "Let me also say he's now becoming a repeat offender in terms of putting baseless allegations against the Prime Minister. We saw that prior to the 2019 elections, now he's doing it again. He doesn't seem to learn any lessons from all these false allegations that he wants to level against the Prime Minister," she said. Sitharaman also sought to know why Gandhi did not raise a voice against the "undue favour" to Adani by the Kerala government and a solar power project to the company in Rajasthan. "It was the (then) Congress ...

Adani Group aims to boost earnings by 50%, cut debt in next 2 fiscals

The move to accelerate earnings growth is being pegged as a significant move amid the aftermath of the short-seller report by Hindenburg Research

Embattled Adani Group trumpets stable ties with international lenders

Several of the banks already have business relationships with the group, ties which the conglomerate has previously pointed to as a sign of its strength to counter Hindenburg's allegations

GQG Partners sees $2 billion Adani bet delivering returns over 100%

The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation

Adani Group joint venture in talks for 1st offshore loan since Hindenburg

AdaniConneX Private Ltd would use this $200 mn loan for capital expenditure, with a five year tenor under discussion

Rahul Gandhi fumes over BJP question; attacks Centre over Adani issue

Congress leader Rahul Gandhi on Tuesday fumed over the question on Bharatiya Janata Party's allegations of Congress party "pressurising" the judiciary, and attacked the centre over the Adani issue.

Sebi to probe Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire Gautam Adani over the last 13 years

Israel's former envoy to India appointed chairman of Adani's Haifa port

Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the Executive Chairman of the Haifa Port Company (HPC) owned by a consortium led by the ports-to-energy conglomerate Adani Group. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the strategic Port of Haifa in Israel for USD 1.18 billion. "I'm honoured and privileged to take office today as Executive Chairman of the Haifa Port Company, on behalf of @AdaniOnline. The experience and expertise of Adani and Gadot, combined with the dedication of the port workers, will take Haifa Port to new heights of prosperity," Malka tweeted on Sunday. Malka served as the ambassador of Israel to India from 2018 to 2021. The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships. The Adani Group officially took over the Israeli port in January this year at a .

Lok Sabha adjourned till April 5 amid Opposition protests over Adani issue

Congress, Left and DMK members stood in the well, shouting slogans and displaying placards

Adani share block deal aids FPI investment in equities turn positive in Mar

After pulling out funds in the past two months, Foreign investors have invested Rs 7,936 crore in the Indian equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow is still negative, meaning FPIs have withdrawn money even in March, Sanchit Garg, Co-founder & CEO, GLC Wealth Advisor LLP, said. According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the sustained selling by Foreign Portfolio Investors (FPIs) appears to be over, since they have turned buyers in the last few days. "The near-term outlook for FPI looks much more positive now. Even though Indian valuation continues to be relatively high, the recent market correction has made valuations a bit more reasonable than earlier," Vijayakumar said. Moreover, going ahead, FPIs may not turn aggressive sellers due to domestic factors like an impressive turnaround in ...

Adani's Dhamra LNG terminal receives 1st cargo, to start gas revolution

Adani Group and French company TotalEnergies' newly built Rs 6,000 crore LNG import facility at Dhamra on the Odisha coast has received its first ever shipment of liquefied natural gas - a fuel that will be used to make steel, produce fertilizers and turned into CNG and cooking gas, helping change the landscape of Eastern India. Qatari ship 'Milaha Ras Laffan' docked at Dhamra Port on April 1 morning, bringing in 2.6 trillion British thermal units of natural gas in its frozen form (LNG) which will be used to commission the facility, officials said. Commissioning and testing operations will take up to 45 days and commercial operations are expected to start thereafter. The start of the 5 million tonne per annum LNG import terminal is crucial to Prime Minister Narendra Modi's plan to boost natural gas use in the country's energy mix to 15 per cent by 2030 from current 6.3 per cent. Dhamra is the only LNG import terminal in eastern India and only second on the entire east coast. The ..

Sebi probing some Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by Gautam Adani over the last 13 years, the report said

Recap FY23: Five key events that shaped equity markets this fiscal year

The turbulence in FY23 can be attributed to a concoction of interest rate hikes, foreign investment outflows, a global war, soaring food, fuel prices and a global banking crisis

Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt

People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities

Adani airports' duty-free shops to give more space to non-liquor items

Liquor ++ strategy for extracting maximum revenue from duty-free shops at seven airports run by the group