Page 30 - Adani Group

Adani to set up AI lab in Israel's Tel Aviv, develop real estate in Haifa

Indian tycoon Gautam Adani's ports-to-energy conglomerate will set up an artificial intelligence lab in Tel Aviv as it looks to leverage on a USD 1.2 billion Haifa port deal to make more investments in Israel. Adani, whose business empire was rocked by allegations of fraud by US short seller Hindenburg Research, appeared alongside Israeli Prime Minister Benjamin Netanyahu for signing of the deal to takeover Haifa Port in Israel, and spoke of investment opportunities. He did not make any mention of the row that has already wiped out over USD 70 billion in value from his group stocks. Adani, 60, said his group will also develop real estate at the port to transform the Haifa skyline. "We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox for us to learn together," he said in his speech. "We are also in the process of setting up an Artificial Intelligence lab in Tel Aviv which will work in close ..

Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent

Adani FPO fully subscribed after non-retail investors bid in big volumes

The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data. There was, however, muted response from retail investors and company employees. Retail investors, for whom roughly half of the issue was reserved, bid for just 11 per cent of the 2.29 crore shares earmarked for them. Employees sought 52 per cent of the 1.6 lakh shares reserved for them.

Gautam Adani now no longer among world's top 10 richest billionaires

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

How the 'Madoffs of Manhattan' can unravel billionaire Adani's empire

According to Hindenburg, Adani insiders already own more than 75% of four publicly traded subsidiaries with the aid of offshore shell entities

Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil

Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices

Adani scandal puts India stock regulators' reputation on the line

India has successfully differentiated itself from other EMs, and even from China, through the transparency of its markets, quality of its markets regulator and its protections for minority investors

Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

Adani firms lose $65 billion in value as US short-seller battle escalates

Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar fell between 5% and 20% on Monday

Stock Exchanges BSE, NSE lower circuit limits on Adani group stocks

Through circuit filters, stock exchanges limit the daily fluctuations in a stock to stop unduly fall or rise in prices

Parliament's Budget session from Tuesday, Congress yet to show its hand

MPs feel that for the first time, the Congress is playing its cards close to its chest as no party leader is likely to be present at the meeting (they are unable to return from the Bharat Jodo Yatra)

'No worry': Punjab National Bank allays concerns about Adani group exposure

Bank reports 44.2% decline in Q3 net profit as NPA provisions, costs rise

PM Netanyahu to attend Adani grp's Haifa port acquisition ceremony

Prime Minister Benjamin Netanyahu will attend a ceremony here on Tuesday to celebrate the successful entry of the Adani Group in Israel through its acquisition of the Haifa port, which is being seen as a "strategic purchase" and probably the biggest foreign investment in this country in any sector. 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 Port of Haifa in Israel for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its local partner has 30 per cent. Gautam Adani, the Founder and Chairman of the Adani Group, will also attend the ceremony at Haifa Port Temporary Cruise Terminal in this northern coastal city of Israel on Tuesday. Prime Minister Netanyahu will also attend the ceremony here. The Isra

Counting losses: Adani group stock rout hits Rs 5.6 trillion in 3 days

Shares of Adani Green Energy and Adani Total Gas hit the 20 per cent lower circuit for a second day, closing at Rs 1,189 and Rs 2,342, respectively

Rating firms seek exposure details from lenders on Adani companies

Rating agencies seek exposure details from lenders; their exposure amounts to 38% of the group's total debt

LIC has not received board mandate to invest beyond Rs 300 cr in Adani FPO

Will engage with Adani management for clarifications Hindenburg charges

Fraud can not be obfuscated by nationalism: Hindenburg on Adani's rebuttal

The US-based short seller said that the Adani Group 'tried to lead the focus away from substantive issues and instead stoked a nationalist narrative'

Punjab National Bank has Rs 7,000 crore exposure to Adani Group: MD

Punjab National Bank has a total exposure of $859.30 million to Adani Group, but there is currently no worry pertaining to those accounts, the managing director and chief executive said

All-party meet ahead of Budget session, opposition raises Adani issue

The government on Monday said it was willing to discuss every issue under rules during the Budget Session of Parliament and sought the support of the Opposition in running the proceedings smoothly. Briefing the media after an all-party meeting convened by the government ahead of the Budget Session beginning Tuesday, Parliamentary Affairs Minister Pralhad Joshi said the government was willing to discuss every issue in Parliament under rules. "We seek Opposition's cooperation" in running the House smoothly. At the meet, Aam Aadmi Party's Sanjay Singh, RJD's Manoj Jha, DMK, Left parties and others raise the Adani issue and sought discussion on it in Parliament during the session. The US-based short seller Hindenburg Research has accused the Adani Group of wrongdoing like stock manipulation. The company has dismissed the allegations as "nothing but a lie". The YSR Congress demanded a nationwide caste-based economic census at the meet. It is necessary to know the economic status of ...

Sensex ends in green first time in three days, after 945-point swing

Adani rout, budget, Fed meet keep investors on tenterhooks