Tag: Adani

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…

Business

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…

Business

Adani Ports to buy back another $195 million of bonds

September 27, 2023 admin

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…

Business

‘Adani scam’ exposed role of tax havens in hiding violation of Indian regulations: Jairam Ramesh

September 14, 2023 admin

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…

Business

Adani Enterprises Arm To Build 5.2 MW Wind Turbine Generators

September 13, 2023 admin

New Delhi: Adani Enterprises Ltd said on Wednesday that its arm Adani New Industries Ltd has received a key international certification and will now be able to start production of 5.2 MW series wind turbine generators for global markets. The company was so far manufacturing and supplying 5.2 MW Wind Turbine Generators (WTGs) for domestic…

Business

Adani Ports, Adani Enterprises’ Promoters Raise Stake

September 9, 2023 admin

New Delhi: The promoters of Adani Ports & SEZ have acquired an additional 2.17 per cent stake in the company, according to exchange filings. With this, the promoters have raised their stake to 65.23 per cent from 63.06 per cent. The promoters of Adani Enterprises acquired an additional 2.06 per cent stake in the company….

Business

Adani Group Forms Joint Venture With Japanese Trading House Kowa Group

September 8, 2023 admin

New Delhi: Billionaire Gautam Adani’s group on Friday said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. “Adani Global Pte Ltd, Singapore, a step-down wholly-owned subsidiary of (Adani Enterprises Ltd) has signed a joint venture agreement with…

Business

Adani Group Rejects Recycled Allegations In OCCRP Report

August 31, 2023 admin

According to the Adani Group, the claims were based on closed cases from a decade ago. New Delhi: The Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project. “We categorically reject these recycled allegations. These news reports appear to be yet…

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