Made for an undisclosed amount, the acquisition will help Adani leverage its own military drone as well as AI and ML capabilities for extending work into domestic farm sector
Time is for 'global collaboration rather than cooperation', says the billionaire as he comments on climate change and coronavirus.
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Group's stocks trading at a P/E of 105.3x
The Adani Group has signed a MoU with the government of Andhra Pradesh at the WEF regarding an investment of Rs 60,000 crore by Adani Green Energy in the state.
The acquisition will make the Adani family the second biggest cement maker in India after Ultratech
The Abu Dhabi National Oil Company and Borealis' joint venture set the offer price for its IPO at 2.45 dirhams ($0.67) a share, which implies an equity value of $20 bn
Business Standard brings you the top headlines on Monday
In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.
Post Davos, the Commerce and Industry Minister will travel to UK for trade talks
Last August, the government announced intent to sell stakes in four privately-run airports (Delhi, Mumbai, Hyderabad and Bengaluru) and lease 25 other airports owned by AAI under NMP
A subsidiary called Adani Health Ventures will commence its business operations in 'due course', says conglomerate.
India can get back to the age of controlling one-fourth of global economy like the way it used to do earlier, Adani Ports and SEZ CEO Karan Adani said on Wednesday.
This makes the Adani group one of the most indebted among India's top business groups
The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.
Insurer owns shares aggregating Rs 7,000 crore
As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion (USD 6.38 billion)
How has Adani group charted its success over three decades? Is Ambuja Cement & ACC merger on the cards? How's India Inc making employees return to office? What is CPI-based inflation? All answers here
From Adani group's gross debt rising to EV fire incidents, here are the top headlines on Tuesday
Here are the top BS Opinion articles of the day