Tag: Adani

BJP Blames Congress, Industry Dismisses Hindenburg Claims

August 11, 2024 admin

New Delhi: Industrialists, political leaders and investors have crticised US short seller Hindenburg Research over its latest allegations targetting the chairperson of market regulator SEBI and Adani Group. The Group has denied any commercial relation with SEBI’s chairperson Madhabi Puri Buch. A section of political leaders have also accused the Congress of being behind Hindenburg’s…

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Adani Group denies ‘malicious, mischievous’ Hindenburg allegations, says company has no commercial relationship with SEBI chief

August 11, 2024 admin

In January 2023, Hindenburg published a report accusing the Adani Group of financial irregularities, leading to a significant drop in the company’s stock price. File. | Photo Credit: VIJAY SONEJI Rejecting the fresh allegation levied by the Hindenburg Research, the Adani Group described the the U.S.-based short seller’s report as “a recycling of discredited claims…

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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…

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Adani Group’s FY24 net jumps 55%; mulls $90-billion capex

May 31, 2024 admin

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…

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Adani to invest ₹2.3 lakh crore in renewable energy, manufacturing capacity

April 7, 2024 admin

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…

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Adani starts $1.2 billion copper plant; to boost India’s metal production

March 28, 2024 admin

Adani starts .2 billion copper plant; to boost India’s metal production

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…

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Adani Group announces investment of about ₹75,000 crore in Madhya Pradesh

March 1, 2024 admin

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…

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Crisil upgrades rating on Adani Power bank loan facilities to AA-

February 5, 2024 admin

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…

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Truth Will Prevail, Say Mahua Moitra’s Detractors After Explosive Affidavit

October 19, 2023 admin

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,…

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‘Some groups and individuals working overtime to harm our name’: Adani Group amid allegations against Mahua Moitra

October 16, 2023 admin

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…

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