Page 2 - Adani

Adani group companies market capitalisation erosion tops $100 billion

AEL pulled the plug on its fully-subscribed $2.4 billion (Rs 20,000-crore) follow-on public offering FPO

Hindenburg report: NSE puts three Adani firms under ASM framework

The move is to shield investors against risky and speculative trades

Adani vs Hindenburg: Opposition seeks JPC or SC-monitored probe

The Opposition parties tried to raise the issue in both Houses of Parliament but were disallowed by the chair

Ratings of Adani group entities under continuous surveillance: CRISIL

Corporate governance, decline in fundraising capability under scanner

Dubious distinction: AEL first to cancel share sale after full subscription

As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore

Rs 1,500 crore of Adani Enterprises short-term debt to mature by April 27

The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation

Adani rebuttal to Hindenburg fails to stem concern, bond plunge quickens

Hindenburg said last week that it had taken a short position in Adani's companies through US-traded bonds and non-Indian-traded derivative instruments

Adani Enterprises shares stable: Will arbitrage strategies work?

Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

Power Mech gets orders over Rs 1,034 crore from Adani Group, others

Power Mech Projects (Power Mech) on Monday said it has bagged three projects, including one from the Adani Group, totalling Rs 1,034.13 crore. In a regulatory filing, the company said it has received service order/letters of award (LOA) worth Rs 1,034.13 crore. A service order for execution of retrofitting of flue gas desulphurisation (FGD) system is from the Adani Group for its thermal power plants located at Mahan (Madhya Pradesh), Raigarh and Raipur in Chhattisgarh, Power Mech said. The order from the Adani Group is of Rs 608 crore, it said. Another order of Rs 306.60 crore is for setting up of a wagon repair workshop at Kazipet, Telangana. This project has been awarded to Power Mech-Taikisha, its joint venture company with Taikisha Engineering India Private Limited. The third project of Rs 119.53 crore is for providing technical expert, rotary technicians operation and maintenance services at Dangote Petroleum Refinery and Petrochemicals Project, Lagos, Nigeria. The contract

Coca-Cola India partners with Adani Digital Labs for product sampling

Beverage major Coca-Cola India on Thursday said it is partnering with Adani Group subsidiary -- Adani Digital Labs -- to optimise the reach of its brands to consumers across the country. As part of this, Coca-Cola India is working with Adani Digital Labs to use the consumer-centric platform for product sampling and develop deep consumer insights, a joint statement said. Coca-Cola is among the first brands to make its products available on this platform, it added. Under this, select new products under Coca-Cola India's portfolio, namely 'Fanta Apple Delite' and 'Charged by Thums Up' will be made available for sampling at some of India's top airports. Adani Digital Labs is the digital arm of Adani Group, which allows brands to interact with large numbers of travellers and target customers with high spending and purchasing power. The platform is currently live at the seven key airports located in Mumbai, Ahmedabad, Jaipur, Lucknow, Guwahati, Mangalore, and Thiruvananthapuram & Adani

Senior journalist Ravish Kumar resigns from NDTV amid Adani takeover

Ravish Kumar has been an integral part of NDTV for more than two decades and has been conferred with the prestigious Ramon Magsaysay award and Ramnath Goenka Excellence in Journalism Award twice

NDTV shares continue to rally for the fifth day, surge nearly 25%

This is the fourth straight day that the stock has hit the upper circuit, BSE data showed

Muted response to RCAP bid process as only 5 companies submit bid

The final round of Reliance Capital's bidding process has received a poor response from the bidders as the big players like Adani and Tata have not bid for the company or its multiple subsidiaries

Adani Properties bags Rs 5,069 crore Dharavi redevelopment project

DLF and Shree Naman Developers were the other two bidders

NDTV promoter firm RRPR Holding transfers 99.5% shares to Adani's VCPL

Ongoing open offer draws bids for 5.3 mn shares as of Monday's close

SC dismisses Tata Power's appeal against MERC awarding project to Adani

After several power outages in Mumbai, the MERC in 2013 gave its approval to the detailed project report of the Aarey-Kudus electricity transmission project of Reliance Energy

13 companies including Reliance in final list of prospective buyers for FRL

Reliance Retail, Adani Group's JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in the final list of prospective resolution applicants after receiving no objections from stakeholders concerned to the provisional list issued on November 10, said an update from Resolution Professional for Future Retail Limited (FRL). "No objections were received pursuant to the issuance of the provisional list of the prospective resolution applicants which was issued on November 10, 2022," as per the update. Besides Reliance Retail and April Moon Retail, other prominent entities in the race are Capri Global Holdings, Dharampal Satyapal, Nalwa Steel and Power, Shalimar Corp, SNVK Hospitality and Management, United Biotech and WH Smith Travel. FRL was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans. Its lenders rejected a Rs ...

Ultratech drops out of race to buy Jaiprakash Associates' cement assets

Lack of agreement over valuation spurs decision; deal would have provided relief to Indian lenders, which have an exposure of Rs 28,753 crore to Jaiprakash

Adani group's Rs 493-cr open offer for NDTV shares to begin on Tuesday

The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore