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Vinayak Barot

Adani replaces Ambani to become wealthiest Indian with a networth of Rs 11.6 lakh cr

Mumbai: Recouping the dent caused by the Hindenburg Research report, Gautam Adani’s networth shot up 95 per cent to Rs 11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday. Reliance Industries Chairman and Managing Director Ambani’s overall networth increased by 25 per cent […]

Adani Enterprises Limited Announces Maiden Public Issuance of Secured Non-Convertible Debentures

Ahmedabad, August 29, 2024:  Adani Enterprises Limited (“the Company” or “AEL”), the flagship company of the Adani Group and one of India’s largest business incubators in terms of market capitalization with a long track record of creating sustainable infrastructure businesses since 1993, has announced the launch of its maiden public issuance of secured, rated, listed […]

The Adani Group is also going to develop a state-of-the-art propellant production facility at Shivpuri: Mr Karan Adani

In the Regional Industrial Conclave organized in Gwalior, Madhya Pradesh, Karan Adani, Chief Executive Officer of Adani Port and Special Economic Zone Ltd said, Honourable Chief Minister, Shri Mohan Yadav ji, Honourable Union Minister for Communications and Development of North East region Shri Jyotiraditya Scindia ji, Member of the Madhya Pradesh Legislative Assembly and Former Union Minister […]

Adani to sell 3% in Ambuja Cement for $500 mn as part of holdings adjustment in group

New Delhi, Aug 22, Adani group promoters may sell up to 3 per cent of their shares in Ambuja Cements as part of a regular adjustment of holdings they carry to keep stake across the ports-to-energy conglomerate at desired levels, sources said. Promoters will sell about 7 crore shares, or 2.84 per cent, in the […]

Adani group EBITDA surges 33% in Q1, leverage at multi-year low

New Delhi : Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in […]

FSC Mauritius says fund at heart of Hindenburg allegations against Sebi chief not domiciled in Mauritius

New Delhi,‎ Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance […]

IIMA Ranked Best Management Institute by NIRF for the fifth consecutive year

August 12, 2024: The Indian Institute of Management Ahmedabad (IIMA) has been ranked as the best management institute for the fifth consecutive year in the National Institutional Ranking Framework (NIRF) India Rankings 2024 released by the Ministry of Education, Government of India, today. Speaking on this achievement, Professor Bharat Bhasker, Director, IIMA, said, “At IIMA, we […]

Adani Green Energy Ltd – 30%-40% CAGR story, available at attractive valuations – EMKAY

Emkay has come out with an initiating coverage on Adani Green Energy Ltd, with a target price of Rs 2550—50% upside. Revenues CAGR of 35% from FY24-FY30 – Gujarat (Khavda) and Rajasthan sites (most resource-rich sites globally) will help AGEL grow its revenues at 35% CAGR, giving a clear runway of another 50 GW, plus […]

The latest allegations by Hindenburg are a malicious, mischievous and manipulative selection of publicly available information: Adani Group

Adani Group spokesperson said, The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law. We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, […]

AESL Raises USD 1 Billion via QIP Route, Largest in India’s Power Sector

Ahmedabad, 5 August 2024: Adani Energy Solutions Limited (“AESL”), today said it has successfully completed its INR 8,373 crores (USD 1 billion) Qualified Institutional Placement (“QIP”), the largest in India’s power sector. This milestone underscores AESL’s prominent position as a leader in India’s energy transition solutions and highlights investors’ confidence in the country’s power sector […]
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