Tag: Adani Group

Adani’s Ambuja Cement to invest ₹1,600 crore in Bihar to set up grinding unit

August 3, 2024 admin

This investment from Ambuja Cementis “the largest investment in the State by a cement industry player”. File | Photo Credit: Reuters Adani Group-owned Ambuja Cement Ltd (ACL) on August 3 announced an investment of around ₹1,600 crore in Bihar to set up a cement grinding unit at Warisaliganj in Nawada district. The 6 MTPA Warisaliganj…

Business

US Ambassador Visits Adani’s Khavda Project Site In Gujarat

July 19, 2024 admin

US Ambassador to India Eric Garcetti visited Adani group’s Khavda renewable energy project. New Delhi: US Ambassador to India Eric Garcetti visited Adani group’s Khavda renewable energy project – the largest in the world, in fresh signs of the conglomerate having moved past Hindenburg attack and winning new backing “Inspired by my visit to the…

Nation

Adani Group-Backed Sirius Digitech Acquires Cloud Platform Firm Coredge.io

July 16, 2024 admin

New Delhi: Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), a subsidiary of International Holding Company (IHC), announced the signing of a binding agreement for the acquisition of Coredge.io Private Limited, a sovereign AI and cloud platform company. Coredge.io is a sovereign AI and cloud platform company offering…

Nation

Senior Lawyer Points To ‘China Link’ In Hindenburg’s Attack On Adani Group

July 4, 2024 admin

Mr Jethamalani said an American Businessman hired Hindenburg to prepare a report on the Adani Group. New Delhi: In a stunning claim that he has called a “smoking gun”, senior lawyer Mahesh Jethmalani has alleged that a businessman with Chinese links had commissioned the report by short-seller Hindenburg Research which led to shares of Adani…

Nation

SEBI Issues Show Cause Notice To Hindenburg, Its Founder Nathan Anderson Over Its Adani Group Report

July 2, 2024 admin

Representational Image New Delhi: Markets regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to Hindenburg Research LLC, Nathan Anderson, and the entities of Mauritius-based foreign portfolio investor Mark Kingdon for trading violations in the scrip of Adani Enterprises Ltd. leading up to Hindenburg Report and thereafter. The regulator has…

Nation

Gautam Adani To His 6.7 Million Shareholders

June 24, 2024 admin

“The world is witnessing the rise of India,” said Gautam Adani Ahmedabad: Gautam Adani, Chairman of the Adani Group, said on Monday that with record results, robust cash positions, and the lowest debt ratios in the company’s history, their path ahead is illuminated with the promise of even greater accomplishments and “the best is yet…

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Gautam Adani Meets Bhutan PM, King; Signs Deal To Build 570 MW Hydro Plant

June 17, 2024 admin

New Delhi: Billionaire industrialist Gautam Adani met the Prime Minister of Bhutan on Sunday and announced the signing of an agreement for a 570 MW green hydro plant in the country. Mr Adani also met Bhutan’s King Jigme Khesar Namgyel Wangchuck along with the prime minister in Thimphu. “Absolutely fascinating meeting with Dasho Tshering Tobgay, Hon….

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Government must ensure corporate takeovers are fair, monopolies are not created: Jairam Ramesh

June 15, 2024 admin

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…

Business