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Vibes Of India
Vibes Of India

Adani Power Reports 7.4% Profit Growth in Q3 FY25, Revenue Up 11%

January 29, 2025 18:03

Adani Power on Wednesday reported a 7.4% year-on-year increase in its profit after tax (PAT) for the third quarter of the 2024-25 financial year, reaching Rs 2,940 crore compared to Rs 2,738 crore in the corresponding period last year. The rise in profit was attributed to higher revenues driven by increased electricity sales volume. Adani […]

Mukesh Ambani Highlights Key Life Lessons and Vision for India’s Growth at PDEU Convocation

January 28, 2025 22:13

Reliance Industries Chairman and President of Pandit Deendayal Energy University (PDEU), Mukesh Ambani, addressed the 12th convocation of the university on Tuesday, sharing life lessons and sharing his vision for India’s future.  Speaking to graduating students, Ambani underscored the importance of passion, lifelong learning, and sustainable development. In his address, Ambani shared five guiding principles […]

Hindenburg to disband after shaking Adani and India; leaves legacy of market disruption

January 16, 2025 14:33

The US-based financial research firm Hindenburg Research, known for critical reports on various business entities, is set to disband. This decision follows a series of high-profile investigations the firm conducted against giant business entities, the most notable of which were the charges against the Adani Group. The report against Adani, released in early 2002, rocked the […]

Adani Group to Distribute One Crore Free Copies of ‘Arti Sangrah’ at Maha Kumbh

January 10, 2025 20:18

As Mahakumbh 2025 approaches in Uttar Pradesh’s Prayagraj, the Adani Group has drawn attention with its spiritual initiatives under the ‘Seva Hi Saadhna Hai’ pledge. Gautam Adani, Chairman of the Adani Group, met with Trustees and officials of Gita Press on Friday and announced a significant gesture to distribute one crore copies of ‘Aarti Sangrah’ […]

The Intriguing Saga of Parekh Who Just Refuses to Stop

January 10, 2025 17:01

The Ketan Parekh (KP) saga serves as a reminder of the stock market’s underbelly, with grisly shadows of people in power directing the narrative from behind the scenes. Once a prominent player, he was banned by the Securities and Exchange Board of India (SEBI) in 2003, following his links in a stock rigging scam, involving […]

Adani Group, ISKCON Partner for ‘Mahaprasad Seva’ at Maha Kumbh 2025

January 9, 2025 20:06

The Adani Group and the International Society for Krishna Consciousness (ISKCON) have partnered to provide meals to devotees at the Maha Kumbh Mela in Prayagraj this year. The Mahaprasad Seva will be provided throughout the entire duration of the Maha Kumbh Mela, from January 13 to February 26. To express gratitude to ISKCON for this […]

APSEZ Among Top 10 in 2024 S&P Global Corporate Sustainability Assessment Rankings

January 8, 2025 18:07

Adani Ports and Special Economic Zone Ltd. (APSEZ) on Wednesday announced that it has been ranked among the top 10 global transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA). Achieving a score of 68 out of 100 – an improvement of three points from the previous year – APSEZ […]

HDFC Bank Reports Q3 FY25 Business Figures Post-Merger with Strategic Shift in Growth Focus

January 6, 2025 19:06

For the first time since its merger in July 2023, HDFC Bank surpassed advances previously led by its parent housing finance company. The private sector banking giant disclosed its Q3 FY25 performance in a filing with the stock exchange, revealing strategic adjustments in its growth trajectory. HDFC Bank reported a robust increase in deposits, reaching […]

Ashneer Grover Secures Trademark for His Name 

January 3, 2025 19:44

Ashneer Grover, a prominent Indian entrepreneur and former managing director of BharatPe, has officially trademarked his name under Class 41 of the Trade Marks Act 1999. Known for his candid and often sharp remarks on the Indian business reality TV show Shark Tank India, Grover’s latest move aims to strengthen his brand identity and expand […]

SEBI Unveils Parekh-Linked Scam, Bans Him and Accomplice Salgaocar

January 3, 2025 15:22

Notorious market operator Ketan Parekh, once jailed for manipulating the stock exchange, is in the news again. According to SEBI investigations, Parekh planned a strategy to front-run a foreign fund’s trades for illicit gains alongside Rohit Salgaocar, an Indian-Singaporean citizen. Parekh never worked in any trades, but his accomplices in Kolkata carried out the operations. […]

Gautam Adani Shares Proud Moments with Chess Prodigy D Gukesh

January 2, 2025 13:24

Gautam Adani, Founder and Chairman of the Adani Group, recently met with 18-year-old D Gukesh in Ahmedabad to honour his historic victory as the youngest-ever World Chess Champion. Gukesh captured global attention last month after defeating Chinese Grandmaster Ding Liren to secure the 2024 World Chess Championship title in Singapore, marking a significant milestone in […]

Adani Group Announces Exit from Adani Wilmar in $2 Billion Deal

January 1, 2025 19:54

The Adani Group has announced its exit from the FMCG joint venture Adani Wilmar by selling its entire stake to its Singaporean partner Wilmar International and through the open market. The deal, valued at over $2 billion, marks the group’s first significant transaction following a US bribery indictment against its executives. Adani Enterprises Ltd (AEL), […]

Adani Ports Orders Tugs Worth Rs 450 Cr in Historic Deal with Cochin Shipyard

December 27, 2024 15:11

Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the acquisition of eight advanced harbour tugs, all set to be built by Cochin Shipyard Ltd. Valued at an estimated Rs 450 crore, the contract will see the delivery of these tugs commencing in December 2026 and concluding by May 2028, significantly enhancing the efficiency […]

Pharma Firm Under Scrutiny Over Foreign Trips for Doctors

December 24, 2024 16:07

The pharmaceutical department has taken steps to hold multinational company AbbVie Healthcare accountable for breaching the Uniform Code for Pharmaceutical Marketing Practices (UCPMP).  The company is accused of taking 30 doctors to Paris and Monaco to improve their “knowledge” on Botox and Juvederm, popular anti-ageing products. As a result, the pharma department has called on […]

Adani Defence & Aerospace to Acquire 85.8% Stake in Air Works for Rs 400 Cr

December 23, 2024 20:49

Adani Defence Systems & Technologies Ltd (ADSTL) has entered into a share purchase agreement to acquire an 85.8% stake in Air Works, the largest private sector maintenance, repair and overhaul (MRO) company in India. Adani Enterprises Limited informed the stock exchange on Monday that the purchase will cost an enterprise value of Rs 400 crore. […]

GST Council Defers Decision on Insurance Tax Rates

December 21, 2024 16:11

The Goods and Services Tax (GST) Council has postponed its decision to reduce tax rates on life and health insurance premiums following its 55th meeting, held on Saturday in Jaisalmer, Rajasthan. The meeting, chaired by Union Finance Minister Nirmala Sitharaman, concluded with members agreeing that additional technical discussions were necessary before finalising the matter. A […]

Markets End in Red: Sensex Slips 964 Points, Nifty Closes Under 25,000

December 19, 2024 20:00

Following US Fed Chairman Jerome Powell’s hawkish remarks, benchmark equity indices such as the BSE Sensex and NSE Nifty50 experienced a major correction, settling down by more than 1% each. The 30-share Sensex ended Thursday’s trading session at 79,218.05. This is a 964.15 point or 1.20 percent, decline. The index fluctuated between 79,516.17 and 79,020.08. […]

Independent Director Compensation Continues to Climb

December 18, 2024 13:47

Companies’ compensation to their directors has been an important subject due to the growing number of independent directors (IDs) and non-executive directors (NEDs) on boards. The number of businesses spending Rs 1 lakh or more for every board meeting has been steadily increasing, according to the 2024 edition of the Excellence Enablers’ Survey on Corporate […]

“The Only Way Forward”: Jeet Adani Calls for Responsible Tech Use to Foster Growth in India

December 17, 2024 21:23

Jeet Adani, Director of Adani Airport Holdings Ltd, emphasised that India cannot afford to remain on the sidelines in the global technological race and must develop the capabilities needed to maintain its leadership while staying vigilant against the misuse of technology. Speaking at IIT Bombay’s Techfest 2024, Adani said that the future of technology is […]

Sensex Plunges by 1,000 Points: Key Drivers Behind Today’s Market Crash

December 17, 2024 18:06

Stock markets slumped in early trading on Tuesday, with the benchmark indices Sensex and Nifty falling by approximately 1% for a second consecutive session.  The downturn occurred as investors remained cautious ahead of the US Federal Reserve’s meeting set for December 18. The NSE Nifty50 lost 274 points to its lowest point of the day […]