Adani Power on Thursday posted a 12 per cent decline in consolidated net profit to Rs 2,906 crore in the September quarter, driven by a rise in expenses. It had clocked a net profit of Rs 3,297.52 crore in the July-September period of the preceding 2024-25 financial year, the Adani Group entity said in an exchange filing.
Billionaire Gautam Adani's group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around $1.4-1.5 billion as it looks to expand its property business, according to sources. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and invested Rs 8,500 crore through the joint venture firm Emaar MGF Land.
The case pertains to the 340 MW Seli Hydropower Electric Project on the Chenab river in Lahaul and Spiti district.
Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.
After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).
The deal was apparently deferred partly due to conditions imposed by the US on the operations of F-16s and the absence of vital electronic capabilities from these platforms.
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While the announcement of the deal came on Friday, at a time of increased tension with Iran, Pentagon Press Secretary George Little said in a statement that the deal was inked on December 25 when the US and UAE signed a Letter of Offer and Acceptance (LOA) for a Foreign Military Sales-configured Terminal High Altitude Area Defence System, valued at approximately $3.48 billion.
The Japanese central bank on Monday unveiled new measures, entailing short-term loans worth 10 trillion yen (about $ 118 billion) to domestic financial entities, to boost sagging economic recovery.
The 24-year-old Manipuri lifted 82kg in snatch and 110kg in clean and jerk to finish on top of the podium after recovering from the injury, which required extensive physiotherapy.
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After mutual funds and banks, the Reserve Bank of India on Friday stepped in to help cash-strapped non-banking financing companies by allowing a majority of them to raise up to $10 million through short-term foreign currency loans.
Sanjita Chanu gave India its second gold medal at the Commonwealth Games, winning the women's 53 kg weightlifting event, at Gold Coast, on Friday morning.
The Securities and Exchange Board of India has scrapped entry loads on direct applications to MFs. This means that if you invest directly with the fund house by submitting your application forms at any of its collection centres, you don't need to pay entry loads (presently 2.25 per cent). Internet transactions done through the MF's website are also now exempt of loads.
The Shiv Sena has been holding protests against frequent load-shedding in most parts of Maharashtra, which is going through a severe power crisis.\n
Northward-bound rates of interest have made it necessary for you to take a relook at debt. And it is not just the borrowings, but also the investments
To increase gas availability for power plants, the Ministry of Petroleum and Natural Gas has taken various steps.
Banks are likely to take a final view on raising interest rates on loans as well as deposits by the end of this week or early next week.
Borrowers, especially those eyeing housing loans in coming months, may not have to worry much as bankers ruled out an immediate hike in interest rates.
Indian weightlifting had two contrasting medallists to celebrate on Day 2 of the Commonwealth Games, in Gold Coast, on Friday.
'Respect nature, working with (it) rather than against it.'
Power firms can pass on burden to consumers, stocks rise up to 2%
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