Page 40 - Adani Group

Carefully evaluate open offer: NDTV independent directors to shareholders

Last month, the Adani group had written to Sebi, re-affirming its commitment to complete the open offer process for additional shares in NDTV

Gautam Adani has no plans to set up family office overseas to manage wealth

Adani Group on Friday said the ports-to-energy conglomerate's Founder and Chairman Gautam Adani is not considering setting up a family office overseas to manage his wealth. With a USD 58 billion addition to his personal wealth propelling him to the throne of Asia's richest and world's third wealthiest man, it was reported that Adani was looking at Dubai or New York as the base for the office. "Neither Adani nor the Adani Family has any plan or is in consultations to open a family office overseas," the group said in a statement. Adani has a net worth of USD 135 billion.

Adani planning to open family office in Dubai or New York to manage wealth

Adani family is currently talking to consultants and tax experts about the plans; location of the office is still in flux, and may change based on the advice they receive and availability of resources

A portrait of Gautambhai

The emergence of the house of Adani is both unusual and remarkable. A new biography of the business tycoon attempts to lay bare the secrets behind his stupendous trajectory, but leaves many questions

Gautam Adani may set up family office overseas to manage ballooning wealth

The Adani family is currently talking to consultants and tax experts about the plans, the people said

New set of proposals on media ownership in the works, says TRAI chief

Second time in eight years that TRAI will be issuing guidelines. Comes amid the Adani-NDTV spat. Regulator had released consultation paper in April

NDTV promoters may not challenge Adani group's open offer in court

On Tuesday, NDTV shares closed trade on the BSE at Rs 384.10 apiece, after hitting the 5-per cent upper circuit during the day

Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead

CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.

NDTV can hit Rs 450-level; Sun TV, DB Corp on slippery ground, charts show

NDTV hits 5 per cent upper circuit as Adani Group gets SEBI nod to buy additional 26 per cent stake; the media stock can rally to Rs 450, chart suggests.

Sebi approves Adani's open offer for 26% additional stake in NDTV

Last week, the Adani group had revised the open offer timeline to Nov 22; offer price of Rs 294 a share is at a 24% discount to NDTV's closing price of Rs 365.85 on Monday

Adani group gets approval for NDTV open offer boosting takeover bid

Adani is now one step closer to gaining a larger footprint in India's media sector

Top headlines: Twitter blue check chaos, G20 Delhi summit, and more

Business Standard brings you the top headlines this hour

Adani group to launch open offer for NDTV on November 22

The previous timeline for the open offer by Adani was October 17 to November 1

Adani Power Q2 results: Revenue rises 36%, net profit at Rs 696 crore

Consolidated revenue in Q2 rose 36 per cent year-on-year (YoY) to Rs 7,044 crore due to improved tariff realisation and higher one-time income of Rs 771 crore

Adani, Reliance among 15 bidders in race to buy Future Retail's assets

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest

Adani Group enters Sri Lanka's port industry as the first Indian operator

The group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at $700 million.

CreditSights says Adani Group continues to seek strategic partners

Richest Indian Gautam Adani's conglomerate continues to seek strategic equity partners aligned with its long-term investment strategy as it expands across the energy to transport to mining sectors, debt research firm CreditSights said. In a report, CreditSights said Adani Group is venturing into new or unrelated businesses, which are highly capital intensive. "We still hold our view that several of the Group companies maintain elevated leverage, owing to aggressive expansion plans that are largely debt-funded and that have pressurised their credit metrics and cash flows," it said. CreditSights said it expects Adani Group expansion and acquisition appetite to remain robust ahead, and incremental debt on account of expansion to outpace additional EBITDA generation, which could result in further credit profile deterioration. "We remain concerned over the Adani Group's leverage." The conglomerate may invest more than USD 150 billion over the next decade in expanding new energy busines

Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%

At 10:06 am, with a market-cap of Rs 4.52 trillion, Adani Enterprises stood at 9th position in the overall market-cap ranking, the BSE data showed.

AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

Adani Group announces opening of data centre 'AdaniConneX' in Chennai

Richest Indian Gautam Adani-led group on Friday announced the opening of its Chennai hyperscale data centre as it looks to capture a share of one of the world's fastest-growing data centre markets. AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, opened 'Chennai 1' hyperscale data centre campus that is powered by renewable energy, the company said in a statement. "In Phase 1, the campus offers 17 MW (IT Load) that will scale up to 33 MW (IT Load) at full capacity," it said. Data centres are one of the areas that the ports-to-energy Adani group has identified for expansion. Other areas being airports, cement, petrochemicals and copper. The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre. The facility will also be powered with up to 100 per cent renewable energy, offering enterprises and hyperscale customers sustainable energy choices. "As one of the most advanced colocation campuses in the region, 'Chennai 1' is desig