News for 'Adani'

2024 was mostly about lost chances for Congress

2024 was mostly about lost chances for Congress

Rediff.com1 Jan 2025

The principal opposition party though appeared content securing 99 of the 543 seats in the 2024 national elections as against its all-time low of 44 in 2014 and then 52 in 2019.

Why 38% of IIT Graduates Are Unemployed

Why 38% of IIT Graduates Are Unemployed

Rediff.com28 Nov 2024

Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.

Adani row: Centre to set up experts' panel on regulatory mechanism

Adani row: Centre to set up experts' panel on regulatory mechanism

Rediff.com13 Feb 2023

The Centre has no objection to a proposal for setting up a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while it was hearing pleas relating to the Adani stocks rout after the Hindenburg report. The central government, however, told a bench headed by Chief Justice DY Chandrachud that it wanted to give the names of the domain experts for the committee and the scope of its mandate in a sealed cover in larger interest.

Markets bounce back; Sensex climbs 218 points

Markets bounce back; Sensex climbs 218 points

Rediff.com18 Oct 2024

ICICI Bank, Tata Motors, Tata Steel, NTPC, JSW Steel, State Bank of India and Adani Ports were the other big gainers. Asian Paints, Nestle, Tech Mahindra, HCL Technologies, Hindustan Unilever, Infosys and ITC were the other big laggards.

Oppn parties to jointly raise Adani issue in Parliament, but...

Oppn parties to jointly raise Adani issue in Parliament, but...

Rediff.com3 Feb 2023

Opposition parties on Thursday agreed to jointly raise the issue of allegations of fraud against the Adani Group in Parliament but were yet to agree on the mode of inquiry into the Gujarat-based corporate major.

Adani group to invest Rs 10,700 crore to expand Lucknow airport

Adani group to invest Rs 10,700 crore to expand Lucknow airport

Rediff.com19 Dec 2022

The Adani group will invest Rs 10,700 crore into Lucknow airport's expansion so that its annual passenger handling capacity zooms from 4 million passengers per annum (MPPA) to 39 MPPA. The airport's expansion plan received clearance from the Union environment ministry on December 15. However, the plan submitted to the ministry did not mention the deadline for the expansion.

Good Time To Buy Adani Stocks? Ask rediffGurus

Good Time To Buy Adani Stocks? Ask rediffGurus

Rediff.com27 Jan 2023

Which way will Adani stocks head next week? Is it a good time to pick up Adani stocks?

Rosneft inks record oil supply deal with RIL

Rosneft inks record oil supply deal with RIL

Rediff.com13 Dec 2024

Russia's state-owned oil firm Rosneft has agreed to supply up to 500,000 barrels per day (bpd) of crude oil to Indian upstream oil and gas major Reliance Industries (RIL) in the largest-ever energy deal between the two countries, Reuters reported on Thursday. The 10-year agreement amounts to 0.5 per cent of global oil supply and is valued at roughly $13 billion per year at current prices, it said.

Adani Ports junks Myanmar plans

Adani Ports junks Myanmar plans

Rediff.com27 Oct 2021

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year. APSEZ, the largest port developer in India, is part of the globally diversified Adani Group. "The Board has decided to actively work on a plan on exiting Company's investment in Myanmar including divestment opportunities (expected to be concluded by March - June 2022)," APSEZ said in notes to its second quarter results.

Trade on road to recovery but Indian firms tread cautiously

Trade on road to recovery but Indian firms tread cautiously

Rediff.com12 Oct 2024

Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.

Related-party transactions: Rs 2.68 trn awaits shareholder nod this week

Related-party transactions: Rs 2.68 trn awaits shareholder nod this week

Rediff.com24 Jun 2024

Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.

Look Who's Following Karan Johar's Footsteps!

Look Who's Following Karan Johar's Footsteps!

Rediff.com20 Nov 2024

Siddharth Roy Kapur's RKF aims to raise around $50 million by offering up to a 50 per cent stake in the company.

SC rejects govt's sealed cover on Adani panel names, to choose experts

SC rejects govt's sealed cover on Adani panel names, to choose experts

Rediff.com17 Feb 2023

The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for stock markets in the wake of the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.

TMC MLAs protest against Moitra for exclusion from party events

TMC MLAs protest against Moitra for exclusion from party events

Rediff.com5 Dec 2024

Seven TMC MLAs within the Krishnanagar Lok Sabha constituency of party MP Mahua Moitra have written to Trinamool Congress supremo Mamata Banerjee demanding her removal as Nadia Uttar organisational district president. The lawmakers allege that Moitra has been ignoring Assembly representatives while undertaking party programmes and indulging anti-social elements, causing significant damage to the party's image. The MP has responded by dismissing the complaint as "district-level rubbish."

Adani group moves Kerala HC seeking central forces at Vizhinjam

Adani group moves Kerala HC seeking central forces at Vizhinjam

Rediff.com2 Dec 2022

The Adani group on Friday moved the Kerala high court seeking the assistance of central forces to continue with construction at the Vizhinjam seaport in Thiruvananthapuram which was marred by violent protests recently halting the work.

Adani Crisis: Stress Test For Indian Capitalism

Adani Crisis: Stress Test For Indian Capitalism

Rediff.com15 Feb 2023

In this round, the market has won. But it is still for Gautam Adani to decide whether he has lost or not, argues Shekhar Gupta.

Adani Group begins $130 mn debt buyback, first since Hindenburg report

Adani Group begins $130 mn debt buyback, first since Hindenburg report

Rediff.com24 Apr 2023

Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.

Adani says Mundra petchem work suspended as finances not tied-up yet

Adani says Mundra petchem work suspended as finances not tied-up yet

Rediff.com20 Mar 2023

Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration."

After cement, Adani to foray into healthcare

After cement, Adani to foray into healthcare

Rediff.com19 May 2022

Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022. AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.

Adani Group, Posco ink JV worth $5 billion

Adani Group, Posco ink JV worth $5 billion

Rediff.com13 Jan 2022

Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's Posco to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement on Thursday, Adani Group said the investment under the MoU is estimated to be up to $5 billion.

Stock markets settle lower in lacklustre trade

Stock markets settle lower in lacklustre trade

Rediff.com24 Oct 2024

From the 30 Sensex pack, Hindustan Unilever fell by nearly 6 per cent after the FMCG major reported a 2.33 per cent decline in consolidated net profit at Rs 2,595 crore for the second quarter ended in September 2024 impacted by moderation in demand from the urban market.

Adani Enterprises becomes 4th Group firm to cross Rs 4 trillion market cap

Adani Enterprises becomes 4th Group firm to cross Rs 4 trillion market cap

Rediff.com14 Sep 2022

Adani Enterprises became the fourth listed company of Gautam Adani Group to cross Rs 4 trillion market capitalisation (market cap), as the stock hit a new high on the BSE in Tuesday's intra-day trade. At 01:24 pm; with Rs 4.04 trillion market cap, Adani Enterprises stood at number 15th position in overall market cap ranking on the BSE, data shows. Adani Transmission is at top of the group companies list, with market cap of Rs 4.48 trillion, followed by Adani Total Gas (Rs 3.96 trillion), and Adani Green Energy (Rs 3.72 trillion).

Modi govt avoiding debate on embarrassing issues like Adani: Tharoor

Modi govt avoiding debate on embarrassing issues like Adani: Tharoor

Rediff.com3 Feb 2023

Tharoor said people have incurred losses after their money which was invested in LIC, SBI was put by the government "in its friend's account".

Ambanis Own 10% of India's Wealth

Ambanis Own 10% of India's Wealth

Rediff.com9 Aug 2024

The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.

Adanis deny being in the race for Rajya Sabha

Adanis deny being in the race for Rajya Sabha

Rediff.com15 May 2022

For several months, there has been speculation among political circles in Amaravati that Priti Adani was most likely to be given one of the four Rajya Sabha seats on behalf of the ruling YSRC.

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