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Congress leader Jairam Ramesh. File | Photo Credit: The Hindu The Congress on June 15 said it is the government’s responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. “It is also the government’s responsibility to ensure that undue advantage arising…
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad. File | Photo Credit: Reuters Adani group saw a 55% profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a $90 billion capex…
Read More “Adani Group’s FY24 net jumps 55%; mulls $90-billion capex” »
Adani Group will invest about ₹2.3 lakh crore through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy company, will invest about ₹1.5 lakh crore in…
Read More “Adani to invest ₹2.3 lakh crore in renewable energy, manufacturing capacity” »
Billionaire Gautam Adani-led group on March 28 announced the start of the first phase of the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India’s dependence on imports and aid energy transition. Kutch Copper, a subsidiary of group’s flagship firm Adani Enterprises Ltd, “commissioned the first phase” of $1.2…
Read More “Adani starts $1.2 billion copper plant; to boost India’s metal production” »
The Adani Group will invest about ₹75,000 crore in Madhya Pradesh, including ₹5,000 crore in building the Mahakal Expressway between Ujjain and Bhopal, Pranav Adani, its Managing Director (Agro, Oil and Gas) and Director of Adani Enterprises, said on Friday. Mr. Adani made the announcement on the first day of a two-day investor summit, Invest…
Read More “Adani Group announces investment of about ₹75,000 crore in Madhya Pradesh” »
Adani Power Limited’s bank loan facilities were rated ‘A’ with a stable outlook earlier. | Photo Credit: Photo Credit: X/@CRISILLimited Crisil Ratings has upgraded its ratings on Adani Power Limited’s (APL) ₹38,000 crore of bank loan facilities to ‘AA-‘, saying the business and financial risk profile of the company has seen “strong improvement”. The loan…
Read More “Crisil upgrades rating on Adani Power bank loan facilities to AA-” »
New Delhi: Businessman Darshan Hiranandani’s explosive affidavit on his links with Trinamool Congress MP Mahua Moitra and claims on her efforts to target Prime Minister Narendra Modi by using the Adani Group, has brought cheer to her detractors. Most of them hailed the affidavit as a victory for truth. Others named as Mahua Moitra’s allies,…
Read More “Truth Will Prevail, Say Mahua Moitra’s Detractors After Explosive Affidavit” »
File image. | Photo Credit: VIJAY SONEJI The Adani Group has reacted to the alleged ‘cash for question’ in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra, saying this development corroborates the conglomerate’s recent statement where it said that “some groups and individuals have been working overtime to…
In a stock exchange filing, APSEZ said it will buy back $195 million of bonds due in 2024 using its cash reserves. File photo of Adani Group Chairman Gautam Adani. | Photo Credit: PTI Adani Ports and Special Economic Zone will prepay $195 million of debt due in 2024 as the conglomerate helmed by Gautam…
Read More “Adani Ports to buy back another $195 million of bonds” »
Senior Congress leader Jairam Ramesh. File | Photo Credit: The Hindu The Congress on September 14 alleged that the “Adani scam” has exposed the role tax havens play in hiding large-scale violation of Indian laws and said the issue should have been discussed at the recent G20 Summit. It also said that if a Joint…
