Page 18 - Gautam Adani

NSE to add Adani Enterprises to benchmark index by removing Shree Cement

India's National Stock Exchange (NSE) will add Adani Enterprises, the flagship company of Indian coal-to-edible-oils conglomerate Adani Group, to its benchmark Nifty 50 index effective Sept 30

Adani rejects NDTV contention that stake sale needs I-T Dept approval

Adani Enterprises said that the RRPR disclosure lacked bonafides and had no merit or basis either in law or in fact and was misconceived

Adani Enterprises to enter Nifty 50 index in a new boost for Gautam Adani

Adani Enterprises will replace Shree Cement in the most tracked stocks gauge in India on September 30

Indian-American doctor files lawsuit against PM Modi, Andhra CM, Adani

An Indian-American doctor has filed a lawsuit here against Prime Minister Narendra Modi, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, and business tycoon Gautam Adani on a host of issues, including corruption and Pegasus spyware. The US District Court for the District of Columbia has issued summons to all these leaders, along with several others, which were served on them in India earlier this year. Eminent Indian-American attorney from New York Ravi Batra has termed it a "dead on arrival lawsuit". The lawsuit against Modi, Reddy and Adani has been filed by Richmond-based gastroenterologist Dr Lokesh Vuyurru. Among others named in the lawsuit is Professor Klaus Schwab, founder and chairman of the World Economic forum. Without any documentary evidence, the Indian-American physician, who comes from Andhra Pradesh, alleged that Modi, Reddy and Adani, along with others, are engaged in corruption, including massive cash transfers to the US and use of Pegasus spyware against ...

Gautam Adani becomes world's third-richest person, first Asian to do so

It's the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China's Jack Ma never made it that far

Top headlines: TMB IPO to open on Sep 5; rupee sees biggest gain in 1 year

The Indian rupee notched its biggest one-day gain in a year on Tuesday against a wobbly dollar as local equities saw a rush of foreign investor inflows

NDTV scrip galloping since Adani's open offer to acquire 26% stake

The shares of NDTV have been galloping ever since Adani group made an open offer to acquire 26 per cent stake in the satellite channel company

Adani tentative offer for NDTV to begin on October 17, Sebi nod awaited

On Monday both NDTV and the Adani group sought Sebi's guidance on whether or not RRPR Holdings, the promoter entity of NDTV, can transfer its shares to the Adani group

Adani Power, Adani Enterprises: Bulls tighten grip over Adani Group stocks

On the bourses, shares of the listed Adani group companies have done exceptionally well, outperforming the benchmark indices in the current calendar year

Top Headlines: Adani becomes world's 3rd-richest; Ambani's plans for RIL

Reliance Industries Ltd (RIL) set the tone for the future during its 45th annual general meeting, saying it would aim to double its market value by 2027

Adani makes Rs 31K-cr open offer to buy 26% stake in ACC, Ambuja Cements

Adani group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. Markets regulator Sebi granted approval for the open offer last week. The open offer is estimated at over Rs 31,000 crore if fully subscribed. In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers for the open offer, launched by the Adani family group's Mauritius-based firm Endeavour Trade and Investment. As per the revised schedule submitted by ICICI Securities and Deutsche Equities India, managers to the open offer, the tendering of shares opens from August 26 and will end on September 9, 2022. In May, the Adani Group had made an open offer at Rs 385 per share for Ambuj

Top headlines: S&P ups India inflation forecast, green hydrogen, and more

S&P Global Ratings raises India's inflation forecast to 6.8% for FY23. India Inc's next big thing could be green hydrogen

NDTV shares continue to gain; hit upper circuit limit amid takeover bid

Shares of New Delhi Television Ltd (NDTV) hit the upper circuit limit for the third straight day in the opening trade on Friday. The company's shares have been rising after Adani group's hostile takeover bid with the announcement of an open offer on Tuesday to acquire an additional 26 per cent stake. The scrip opened at Rs 423.85, its highest trading permissible limit for the day as well as the fresh 52-week high level, on BSE. This was a 5 per cent increase compared to Thursday's closing level of Rs 403.70 apiece. As the session progressed, the shares were trading at Rs 422.10 apiece, a gain of 4.56 per cent. On NSE too, the company's shares reached the upper circuit limit of Rs 427.95, which was also its 52-week high on the bourse, after opening at Rs 421.90. The scrip marginally shed the gains and was 3.48 per cent up at Rs 421.80. On Thursday, it closed at Rs 407.60. In early trade, both the Sensex and the broader Nifty indices were trading in the green. Adani group, on Tues

Sebi approval not needed for buying NDTV shares: Adani Enterprises

Says any subsequent attempt to return money received or original warrant certificate will have no legal effect on exercise of warrants by VCPL

Adani says regulatory curbs do not restrict bid to take over NDTV

NDTV sought to block tycoon Gautam Adani's move, saying its founders Prannoy and Radhika Roy have since 2020 been barred by the SEBI from buying or selling shares in India's securities market

Debt ratio at Adani's green firm needs 'watching' as it soars to 95.3%

Gautam Adani owned company's debt-to-capital ratio has soared to 95.3%, a level that is on the "higher side" for a private company

Sebi approval needed for Adani to secure promoter group's stake: NDTV

Regulator in 2020 barred Prannoy and Radhika Roy from selling their shares, says news company

This Dolly Khanna portfolio stock delivered over 150% returns in 3 months

Shares of NDTV were locked at the 5 per cent upper circuit for the second straight day, hitting a 14-year high at Rs 403.70 on the BSE on Thursday and rallied 156 per cent in past three months.

Adani Group firms' valuation premium over Sensex surges to new high

The overtaking happened in the first half of FY21 and the group stocks continued to become expensive compared to the broader market

Adani acquires stake in NDTV: Will retail investors benefit?

The proposed NDTV's takeover by Adani Group marks Gautam Adani's second media bet in 2022. While the acquisition seems to be 'hostile', it is the retail investors that stand to win. Here is a report