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Vinayak Barot

Stronger than ever: Adani Portfolio delivers record performance

Ahmedabad, 2 June 2024: In line with our commitment to upholding the highest standards of transparency, we are pleased to release the Adani Portfolio’s Credit and Result compendium for financial year 2023-24. These offer deep insights into the financial performance of the portfolio, reinforcing our dedication to providing clear and detailed information to stakeholders and […]

Gauttam Adani wishes Pragyanandha

Gautam Adani, chairman of the Adani group, posted on social media that, Incredible Praggnanandhaa! Beating both World No.1 Magnus Carlsen and No.2 Fabiano Caruana in classical chess at #NorwayChess is mindblowing. You’re on a roll and still just 18! Keep the tricolour flying high. https://x.com/gautam_adani/status/1797118839823441974

With exit poll results and BJP’s return, a message: North to South, the Indian voter has evolved

(Written by Guru Prakash) With the exit polls predicting a remarkable third term for Prime Minister Narendra Modi, the subsequent weeks will witness loud discourse about the “integrity of public institutions”. The Congress party, which reflected zero depth and a lack of vision, will target the electoral process, the media and even the average Indian […]

UNM Foundation and UN Mehta Institute of Cardiology and Research Centre announce fully-funded Heart Transplants for Needy Patients

Ahmedabad, June 1, 2024: Every life matters. In line with this philosophy, the UNM  Foundation (named after Shri UN Mehta, the Founder of Torrent Group) and the UN Mehta  Institute of Cardiology and Research Centre (UNMICRC), Ahmedabad have signed an  important Memorandum of Understanding (MOU) to provide financial assistance for heart  transplants to needy patients.  […]

Football: former Barcelona player Gerard Pique is under investigation

New Delhi, May 31: A Spain court has started an official investigation into football legend Gerard Pique, 37, for his alleged involvement in relocating the Spanish Super Cup to Saudi Arabia, the media reported on Friday. According to the Spanish court, Pique’s company “Kosmos” signed agreements with the Spanish Football Federation (RFEF) envisaging he would […]

Adani Ports signs 30-year concession to operate Container Terminal 2 at Dar es Salaam Port

Ahmedabad/Abu Dhabi, 31 May, 2024: Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. Dar es Salaam Port is […]

ICRA upgrades Adani Total Gas LT rating to “AA” with ‘stable’ outlook

Adani Total Gas said that the credit rating agency ICRA has upgraded Company’s long-term (LT) rating to “[ICRA] AA” from “[ICRA] AA-” with ‘stable’ outlook. The agency has reaffirmed the companys short-term rating at [ICRA] A1+. ICRA stated that the long-term rating upgrade of Adani Total Gas (ATGL) takes into account its improving financial risk profile, […]

We have come a long way since we had to ship out gold overnight in 1991 in the midst of a crisis: sanjeev sanyal

Indian economist Sanjeev Sanyal posted on social media and said, While no one was watching, RBI has shifted 100 tonnes of its gold reserves back to India from UK. Most countries keep their gold in the vaults of the Bank of England or some such location (and pay a fee for the privilege). India will […]

Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies

NEW DELHI: The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown. During FY24, the Adani Group’s EBITDA grew to Rs 660 billion, with more than doubling of Adani Power’s […]

India Ratings upgrades Adani Green Energy to ‘IND AA-’ from ‘IND A+’with stable outlook

India Ratings and Research (Ind-Ra) has elevated the Long-Term Issuer Rating of Adani Green Energy Limited (AGEL) from ‘IND A+’ to ‘IND AA-‘, with a Stable outlook. This significant upgrade underscores AGEL’s robust operational performance, enhanced execution capabilities, and improved financial health, on May 30. The upgrade reflects AGEL’s strong operational asset performance, increased annual capacity additions, and […]
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