Tag: Adani Group

Adani Group’s Mundra Port Achieves A “Significant Milestone” In November

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Adani Group’s Mundra Port Achieves A “Significant Milestone” In November

Mundra Port has played a pivotal role in India’s maritime infrastructure. The Mundra Port operated by Adani Ports and SEZ Limited, said the port reached a “significant milestone” by handling 396 vessels and executing 845 vessel movements in November this year, marking the “highest monthly record in our history.” The Adani Ports and SEZ Limited…

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Nation

US Department’s Move Against Adani Frivolous, Trump’s Return Set To Fix It: Mark Mobius

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US Department’s Move Against Adani Frivolous, Trump’s Return Set To Fix It: Mark Mobius

New Delhi: The recent indictment by the US Department of Justice (DoJ) of Adani Group officials is nothing but a frivolous expense and once President-elect Donald Trump assumes office, such wasteful exercises involving the government offices with overseas businesses will probably fade away, ace global investor Mark Mobius told news agency IANS on Tuesday. His…

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Biden’s U-Turn On Son Raises Questions About US Justice Department, Action Against Adani Group

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Biden’s U-Turn On Son Raises Questions About US Justice Department, Action Against Adani Group

Washington DC: US President Joe Biden’s latest move has revived allegations raised by Donald Trump of the US Department of Justice being manipulated by political powerhouses. In a stunning volte face, Mr Biden today extended the Presidential pardon to his convicted son Hunter Biden, who was days away from being sentenced to decades in prison….

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World

Over 25,000 Tenements Surveyed For Dharavi Redevelopment Project

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Over 25,000 Tenements Surveyed For Dharavi Redevelopment Project

Dharavi survey is a complex operation requiring meticulous effort and coordination. The survey of more than 25,000 tenements at Mumbai’s Dharavi is completed and over 60,000 have been numbered, said a senior official of the Dharavi Redevelopment Project that aims to transform Asia’s largest slum into a modern, liveable community. “On an average day, 300…

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Adani U.S. indictment: What is the diplomatic impact? Watch Video

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Adani U.S. indictment: What is the diplomatic impact? Watch Video

It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. Remember these are indictments…

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World

Crisil Reaffirms Strong Credit Ratings for Adani Group Amid Legal Challenges

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Crisil Reaffirms Strong Credit Ratings for Adani Group Amid Legal Challenges

New Delhi: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which…

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Adani Group stocks surge; Adani Green jumps nearly 15%

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Adani Group stocks surge; Adani Green jumps nearly 15%

A man walks past a corporate office of Adani Group in Gurugram, India, November 22, 2024. REUTERS/Priyanshu Singh | Photo Credit: Reuters Shares of all 11 listed Adani Group firms rallied in morning trade on Friday (November 29, 2024), with Adani Green Energy surging nearly 15%. Shares of Ambuja Cements went up by 2.90%, Sanghi…

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Business

Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group

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Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group

The Tanzanian government has reaffirmed its commitment to its agreements with Adani Ports. New Delhi: Abu Dhabi’s International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US…

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