News for 'Adani'

Winter Session: Opposition presses for debate on Adani

Winter Session: Opposition presses for debate on Adani

Rediff.com24 Nov 2024

The opposition on Sunday asked the Centre to allow discussions in the Parliament on the United States prosecutors' bribery charges against the Adani Group even as Union minister Kiren Rijiju made it clear that the matters to be taken up in the two Houses will be decided by their authorised committees with the consent of the respective Chair.

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Rediff.com13 Sep 2024

Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of money laundering allegations into Adani Group, US-based short seller Hindenburg Research claimed citing media report - a charge that the conglomerate vehemently denied. In a post on X, Hindenburg cited "newly released Swiss criminal records reported by Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021."

Sensex jumps 583 points, Nifty ends above 25,000

Sensex jumps 583 points, Nifty ends above 25,000

Rediff.com6 Oct 2025

Among Sensex firms, Tata Consultancy Services, Tech Mahindra, Axis Bank, Bajaj Finance, Eternal, Infosys, Kotak Mahindra Bank and Bajaj Finserv were the major gainers. However, Tata Steel, Adani Ports, Power Grid and Titan were among the laggards.

Stock markets fall dragged by IT stocks

Stock markets fall dragged by IT stocks

Rediff.com22 Sep 2025

From the Sensex firms, Tech Mahindra, Tata Consultancy Service, Infosys, HCL Tech, Tata Motors, Trent, Reliance Industries and Larsen & Toubro were among the major laggards. However, Eternal, Bajaj Finance, Adani Ports and UltraTech Cement were among the gainers.

Adani Wilmar Q3 profit more than doubles to Rs 411 cr

Adani Wilmar Q3 profit more than doubles to Rs 411 cr

Rediff.com27 Jan 2025

Adani Wilmar on Monday posted over twofold jump in consolidated net profit at Rs 410.93 crore for December quarter 2024-25 on strong edible oil sales. The company had logged a net profit of Rs 200.89 crore in the year-ago period.

Sensex ends above 83K buoyed by US Fed rate cut

Sensex ends above 83K buoyed by US Fed rate cut

Rediff.com18 Sep 2025

Among Sensex firms, Eternal, Sun Pharma, Infosys, HDFC Bank, HCL Tech, Hindustan Unilever, Power Grid, ITC and Adani Ports were the major gainers. However, Tata Motors, Trent, Bajaj Finance and Asian Paints were among the laggards.

Airport operator to be accountable for 3rd-party service standards: AERA chief

Airport operator to be accountable for 3rd-party service standards: AERA chief

Rediff.com11 Sep 2025

An airport operator will be responsible for maintaining overall service standards at an airport, including those delivered by third-party service providers, under new rules being framed by the Airports Economic Regulatory Authority (AERA), its chairman SKG Rahate told aviation stakeholders at a meeting on Wednesday

Parl proceedings washed out for third straight day over Adani, Manipur

Parl proceedings washed out for third straight day over Adani, Manipur

Rediff.com29 Nov 2024

Parliamentary proceedings were disrupted for the third consecutive day in the Winter Session as opposition parties continued their protests over the Adani issue and violence in Manipur and Sambhal. Both the Lok Sabha and the Rajya Sabha were adjourned within minutes of convening, despite appeals from the Chair to engage in productive dialogue and refrain from disruption. The opposition members raised slogans demanding action against the perpetrators of violence in Sambhal, and sought discussions on allegations of irregularities against the Adani Group and the violence in Manipur.

India's M&A deals dipped in Q2 amid valuation caution

India's M&A deals dipped in Q2 amid valuation caution

Rediff.com10 Oct 2025

India's mergers and acquisitions (M&A) activity cooled in the second quarter of 2025-26 (Q2FY26), with deal value falling to $26.26 billion from $29.04 billion a year ago, according to Bloomberg data.

Adani to buy CK Birla group firm Orient Cement for Rs 8,100 cr

Adani to buy CK Birla group firm Orient Cement for Rs 8,100 cr

Rediff.com22 Oct 2024

Billionaire Gautam Adani-led Adani Group on Tuesday said it will acquire CK Birla group firm Orient Cement at a valuation of Rs 8,100 crore as part of its expansion drive. Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore.

Why Adani Solar Sought Visas For Chinese

Why Adani Solar Sought Visas For Chinese

Rediff.com8 Jul 2024

In seeking visa approvals for engineers from China, the company has reasoned that India lacks the expertise to set up such a solar facility.

Adani Dethrones Ambani Again

Adani Dethrones Ambani Again

Rediff.com12 Jan 2024

The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.

Sensex rises 314 pts on rebound in IT stocks

Sensex rises 314 pts on rebound in IT stocks

Rediff.com9 Sep 2025

Tech Mahindra, Adani Ports, HCL Tech, Tata Consultancy Services and Bajaj Finserv were also among the gainers. However, Trent, Eternal, UltraTech Cement and NTPC were among the laggards.

'Companies Will Be More Powerful Than Nations'

'Companies Will Be More Powerful Than Nations'

Rediff.com19 Aug 2025

'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'

SC dismisses plea to review Adani-Hindenburg verdict

SC dismisses plea to review Adani-Hindenburg verdict

Rediff.com15 Jul 2024

The Supreme Court has dismissed a plea seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI.

Why We Must Worry About India's Human Rights Record

Why We Must Worry About India's Human Rights Record

Rediff.com18 Oct 2025

In May, 40 Rohingyas were blindfolded and flown to the Andaman and Nicobar islands and then thrown into the sea and made to swim to an island in Myanmar. And after the Pahalgam attack, at least 300 Muslims were 'pushed back' to Bangladesh from Assam.

Sensex closes higher 410 pts in volatile trade

Sensex closes higher 410 pts in volatile trade

Rediff.com3 Sep 2025

Among Sensex firms, Tata Steel jumped the most by 5.90 per cent. Titan, Mahindra & Mahindra, ITC, Eternal, State Bank of India, and Trent were among the other gainers. However, Infosys, NTPC, Hindustan Unilever, TCS, Adani Ports and Bharti Airtel were among the laggards.

Lotus-Inspired Mumbai Airport Set to Bloom

Lotus-Inspired Mumbai Airport Set to Bloom

Rediff.com24 Sep 2025

NMIAL is spending close to Rs 18,000 crore to get the airport up and running.

'Glad Trump stated facts': Rahul backs 'dead economy' remark on India

'Glad Trump stated facts': Rahul backs 'dead economy' remark on India

Rediff.com31 Jul 2025

The BJP flayed Gandhi for "echoing" Trump's "dead economy" jibe at India, calling it a "shameful" insult to the aspirations, achievements, and well-being of the people of the country.

Paytm, Adani Group deny stake sale talks

Paytm, Adani Group deny stake sale talks

Rediff.com29 May 2024

Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as "false and untrue." Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the "news item is speculative and the company is not engaged in any discussions in this regard."

Sensex, Nifty dive nearly 1% as HDFC Bank, RIL drag

Sensex, Nifty dive nearly 1% as HDFC Bank, RIL drag

Rediff.com22 Aug 2025

From the Sensex pack, Asian Paints, UltraTech Cement, Tata Steel, ITC, HCL Tech, Kotak Mahindra Bank, Adani Ports, Tata Consultancy Services, HDFC Bank and Tech Mahindra were among the major laggards. However, Mahindra & Mahindra, Maruti, Bharat Electronics and Sun Pharma were among the gainers.

Despite profit-booking, Sensex, Nifty end higher

Despite profit-booking, Sensex, Nifty end higher

Rediff.com8 Sep 2025

Among Sensex firms, Tata Motors rose the most by 3.97 per cent. Mahindra & Mahindra jumped by 3.96 per cent. Maruti, Adani Ports, Bajaj Finance and UltraTech Cement were also among the gainers. However, Trent declined 3.81 per cent. Asian Paints, HCL Tech, Tech Mahindra, L&T, TCS, Power Grid and Sun Pharma were also among the laggards.

New segments like defence and data centres to drive growth for L&T

New segments like defence and data centres to drive growth for L&T

Rediff.com9 Oct 2025

The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.

Adani gives Teachers' Day lecture at college that rejected him

Adani gives Teachers' Day lecture at college that rejected him

Rediff.com5 Sep 2024

Gautam Adani had in the late 1970s applied to join a Mumbai college for education, but the college rejected his application. He did not pursue education but turned to business and went on to build a $220 billion empire. About four-and-a-half decades later, he gets called to the same college to deliver a lecture to students on Teachers Day. Adani had moved to Mumbai at the age of 16 and started working as a diamond sorter.

Samson hits explosive century ahead of Asia Cup

Samson hits explosive century ahead of Asia Cup

Rediff.com25 Aug 2025

Since last year, he has found a new lease of life as an opener, scoring three centuries in five innings across series against Bangladesh and South Africa

Adani group mcap regains $200 bn-mark

Adani group mcap regains $200 bn-mark

Rediff.com22 May 2024

Adani Group's market capitalisation on Wednesday regained $200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company. With Rs 11,300 crore gain on Wednesday, the apples-to-airport conglomerate gained Rs 56,250 crore in market capitalisation in the last two trading sessions, stock exchange data showed.

Flight ops delayed at Mumbai airport as snag hits data network

Flight ops delayed at Mumbai airport as snag hits data network

Rediff.com9 Aug 2025

Though the glitch affected the system for a couple of minutes, it took an hour to fix it, the source said.

Sensex tumbles 849 points; slips below 81K

Sensex tumbles 849 points; slips below 81K

Rediff.com26 Aug 2025

Among Sensex shares, Sun Pharmaceutical, Tata Steel, Trent, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, Axis Bank, Tech Mahindra, Adani Ports, Titan, BEL, and Larsen & Toubro were the major laggards. However, Hindustan Unilever, Maruti Suzuki India, ITC, Tata Consultancy Services and UltraTech Cement were the gainers.

Sensex climbs 143 points on buying in ICICI Bank, Reliance

Sensex climbs 143 points on buying in ICICI Bank, Reliance

Rediff.com21 Aug 2025

Among Sensex firms, Bajaj Finserv, ICICI Bank, Reliance Industries, Bajaj Finance, Larsen & Toubro and Bharat Electronics were the major gainers. However, Power Grid, Eternal, Hindustan Unilever and Adani Ports were among the laggards.

Adani to invest Rs 20,000 cr more in Vizhinjam port

Adani to invest Rs 20,000 cr more in Vizhinjam port

Rediff.com12 Jul 2024

The Adani Group is planning to invest Rs 20,000 crore more to complete the remaining three phases of the Vizhinjam International Seaport, the first transshipment port in the country, managing director of Adani Ports and Special Economic Zone Ltd (APSEZ) Karan Adani said in Thiruvananthapuram on Friday. Talking to PTI after the official reception ceremony for 'San Fernando', the first mothership to dock at Vizhinjam, Adani said the port will be a game changer for Indian manufacturers as it reduces logistics cost by 30 to 40 per cent.

Thoothukudi ahoy! Adani, Vedanta in race for port project

Thoothukudi ahoy! Adani, Vedanta in race for port project

Rediff.com23 Jan 2025

The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.

Adani Energy raises $1 bn in share sale, first since Hindenburg

Adani Energy raises $1 bn in share sale, first since Hindenburg

Rediff.com30 Jul 2024

Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value. Adani Energy Solutions Ltd raised the funds through a qualified institutional placement (QIP) issue, sources with direct knowledge of the matter said. The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.

Sensex climbs 371 points on GST reform bid

Sensex climbs 371 points on GST reform bid

Rediff.com19 Aug 2025

Among Sensex firms, Tata Motors rose the most by 3.5 per cent while Adani Ports gained 3.16 per cent. Reliance Industries rose by 2.82 per cent. Eternal, Tech Mahindra, Kotak Mahindra Bank, Hindustan Unilever and Maruti were also among the gainers. However, Bajaj Finserv, Power Grid, Mahindra & Mahindra and HCL Tech were among the laggards.

Sensex drops 308 pts; RIL, HDFC Bank major drags

Sensex drops 308 pts; RIL, HDFC Bank major drags

Rediff.com5 Aug 2025

Among Sensex shares, Adani Ports, Reliance Industries, Infosys, ICICI Bank, Eternal, BEL, HDFC Bank, Power Grid, ITC and Sun Pharmaceutical were the major laggards. However, Titan, Maruti, Trent, Bharti Airtel, Bajaj Finance, Tech Mahindra, State Bank of India, L&T, HCL Technologies and NTPC were among the gainers.

Gautambhai Felicitates Narendrabhai

Gautambhai Felicitates Narendrabhai

Rediff.com2 May 2025

Adani Group Chairperson Gautam Adani felicitated Prime Minister Narendra Modi after Modi dedicated the Vizhinjam international deepwater multipurpose seaport to the nation.

Salman Nizar smashes 11 sixes in 13 balls in Kerala T20

Salman Nizar smashes 11 sixes in 13 balls in Kerala T20

Rediff.com30 Aug 2025

Salman Nizar smashed an unprecedented 11 sixes off 13 balls including a 40-run final over

Sensex climbs 304 pts on buying in metal, auto and pharma shares

Sensex climbs 304 pts on buying in metal, auto and pharma shares

Rediff.com13 Aug 2025

Among Sensex firms, Bharat Electronics, Eternal, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors and Power Grid were the gainers. However, Adani Ports, ITC, UltraTech Cement and Titan were among the laggards.

Adani, Qualcomm CEO discuss AI, semiconductors

Adani, Qualcomm CEO discuss AI, semiconductors

Rediff.com11 Mar 2024

Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others.

What's Adani Doing With King Charles's Brother-in-Law?

What's Adani Doing With King Charles's Brother-in-Law?

Rediff.com27 Mar 2024

Glimpses from the opening of the Adani Green Energy Gallery at the Science Museum in London.

Adani group to press the pedal on its retail play through super app

Adani group to press the pedal on its retail play through super app

Rediff.com27 Jun 2024

With an existing consumer base of 400 million across airports, electricity and gas distribution businesses, the Adani group is revving up its retail play. It is planning to use the 2.4 billion consumer interactions a year with group companies to push various products and services. The group has already launched the 'Adani One' super app that will eventually sell products across the spectrum, top executives said.