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Adani Family Completes Ambuja Warrant Subscription Infuses INR 20,000 Cr to increase stake to 70.3%

April 17, 2024 Vinayak Barot

Ahmedabad, 17 April 2024: Ambuja Cements Ltd (Ambuja), the cement and building materials flagship company under Adani portfolio, is pleased to announce a significant development in its growth trajectory. The promoters of the Company – Adani family has fully subscribed to the warrants program in the Company by further infusing INR 8,339 Cr thereby infusing total […]

Business

Adani Energy Solutions to build 7 GW renewable energy evacuation transmission network

December 27, 2023 Vinayak Barot

Ahmedabad, 27 December, 2023: Adani Energy Solutions Limited (AESL), a part of the globally diversified Adani portfolio and India’s largest private transmission and distribution company today said it has received the letter of Intent (LoI) for the acquisition of Halvad Transmission Ltd. from PFC Consulting Limited (PFCCL). Halvad Transmission Ltd., a special purpose vehicle (SPV), […]

Business

Adani Group pledges to grow 100 Mn trees by 2030

January 17, 2023 Vinayak Barot

Ahmedabad, The Adani Group, India’s largest and fastest growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the “Trillion Trees Platform” of the World Economic Forum. Adani Group’s commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so […]

Business

India’s increasing economic might, coupled with its culture and beliefs, become relevant as it takes its journey to becoming an economic superpower

November 20, 2022 Vinayak Barot

I am deeply honoured to have been invited to speak at the 21st World Congress of Accountants. The choice of India – for the first time – in the 118-year history of this event – is a recognition of India’s inevitable journey towards becoming an Economic Superpower. It reflects the rising tide of confidence of […]

Auto

AUTO: India’s auto sales surge on festive fervor in September

October 5, 2022 Vinayak Barot

Mumbai: Indian automakers reported a surge in their monthly sales for September fueled by festive fervor, according to the filings with the stock exchanges by these companies. “September was a very exciting month with a strong start to the festive season,” Veejay Nakra, president of the automotive division of Mahindra & Mahindra, said on Monday. “We […]

English

India and UAE could start trade in Rupee-Riyal in the upcoming months

September 20, 2022 Vinayak Barot

New Delhi: After Iran and several other countries, including Russia, Now, the New Delhi government could start trade with UAE in Rupee and Riyal. The Commerce Ministry on Monday said, “India and Saudi Arabia have held discussions on the feasibility of institutionalizing Rupee-Riyal trade, and introduction of UPI and Rupay cards in the kingdom,” According to […]

Business

Foxconn, Vedanta to invest $19.5bn in Gujarat for semiconductor project

September 15, 2022 Vinayak Barot

Ahmedabad: Vedanta Limited and Foxconn (Taiwan’s company) will invest $19.5 billion (₹1.54 trillion) under a pact signed on Tuesday to set up a semiconductor project in Gujarat. They plan to build separate units for semiconductor and display production near the western state’s largest city, Ahmedabad. Gujarat Chief Minister Bhupendrabhai Patel said “the venture would create more […]

English

Gautam Adani receives USIBC global leadership award

September 7, 2022 Vinayak Barot

New Delhi: Billionaire Gautam Adani received the USIBC 2022 Global Leadership Award on Wednesday for his contribution to strengthening the India-U.S. partnership. The U.S. India Business Council conferred the award to the Adani Group chairman at its India Ideas Summit in New Delhi. Gautam Adani at the summit said, “Vice Chairman Nasdaq, Ed Knight Executive […]

Extracting and refining oil at Tatneft plants

Business

Russia to suspend oil supplies to states that will impose restrictions on the price of its oil

September 2, 2022 Vinayak Barot

New Delhi: Russia will suspend supplies of oil and petroleum products to states, which will decide to restrict the price of oil from the country, Deputy Prime Minister Alexander Novak told reporters on Thursday. “As far as price restrictions are concerned, if they impose restrictions on prices, we will simply not supply oil and petroleum […]

Iran seeks long-term contract with India on developing Chabahar Port(IN)

English

Tehran is ready to sign a long-term contract with India: Iran

August 29, 2022 Vinayak Barot

New Delhi: For the development and financial stability of the country, the Iran government is expecting to develop good trade and other relations with the New Delhi government. The Tehran government said that it is ready to sign a long-term contract with India on developing the Chabahar port to realize its true potential in the coming […]