The group, led by Asia's richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for 385 rupees per share and the same stake for 2,300 rupees per share of ACC Ltd
In the past one month, the stock price of Adani Power has appreciated by 41 per cent, as compared to 6 per cent gain in the market price of NTPC. The S&P BSE Sensex, meanwhile, rallied 10 per cent
The all-India cover is expected to cost Adani about Rs 15-20 lakh per month
AEL, Adani Power, Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Wilmar and Adani Ports and SEZ surged up to 4 per cent, as against 0.18 per cent decline in the S&P BSE Sensex.
Adani Group Chairman Gautam Adani will join Singapore Deputy Prime Minister and Finance Minister Lawrence Wong to address the Forbes Global CEO Conference in Singapore on September 26-27. Some 400 leading CEOs, entrepreneurs and investors are expected to convene at the 20th Forbes Global CEO Conference to share insights, spotlight opportunities and stake out the way forward, Forbes Media announced on Wednesday in Singapore. Adani will be making a keynote speech on the second day of the conference, where, to date, some 40 speakers have confirmed their participation. One of the highlights on the opening day of the conference is a one-on-one dialogue between Wong and Steve Forbes, Chairman and Editor-in-Chief of Forbes Media. Among the speakers are Indian business leaders such as Ajay Banga, Vice Chairman of General Atlantic, Byju Raveendran, Founder and CEO of Byju's and Adar Poonawalla, CEO of Serum Institute of India. William Adamopoulos, CEO/Asia, Forbes Media, said, We are delig
At a time when growth in bank credit is outstripping that of deposits, several lenders, including the country's largest bank, State Bank of India (SBI), have raised deposit rates ahead of the festival
At a time when growth in bank credit is outstripping that of deposits, several lenders, including the country's largest bank, State Bank of India (SBI), have raised deposit rates ahead of the festival
Stocks to Watch: ICICI Securities, Axis Capital and Citigroup Global Markets are among the 5 investment bankers selected to manage the sale of the government's 29.53% residual stake in Hindustan Zinc
In the aluminium sector, as things stand, Hindalco and Nalco are the only players that are completely integrated -- from bauxite to alumina to aluminium
India is a net importer of alumina. But the Adani refinery is likely to make the country a net exporter
The proposed combination involves acquisition of 100 per cent stake in Holderind Investments Ltd by Endeavour Trade and Investment Ltd.
Permission given to Endeavour Trade and Investment, a SPV controlled by the Adani family
The group will also set up a 175 megawatt capacity captive power plant (CPP) at Kashipur of Rayagada district
In a press statement, the group said it will set up a 4-million tonnes a year alumina refinery near bauxite mines as well as an iron ore project
The Odisha government on Wednesday accorded in-principle approval to 10 major industrial projects worth 74,620.18 crore, including Adani Enterprises Limited Alumina Refinery
Average stake down 40 bps from previous quarter at 22%
Adani Group's entry in sector creates competition but doesn't change sector's plans radically, he says
The company's total expenses also increased to Rs 4,174.24 crore from Rs 3,660.28 crore earlier
The deal, executed at Rs 3,110 crore, will give Adani control over four stretches of toll roads in Andhra Pradesh and Gujarat and is expected to be completed by September
The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India