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Ambuja Cements, a company under the Adani Group, reported steady growth for the July-September quarter of 2024-25, achieving a 9 per cent volume increase to 14.2 million tonnes. This marks the highest Q2 volume in five years. The company recorded its highest quarterly revenue at Rs 7,516 crore, reflecting a 1 per cent year-on-year rise. […]
Adani Total Gas Ltd (ATGL), a joint venture between India’s Adani Group and French energy giant TotalEnergies, reported a 6% increase in its net profit for the second quarter of the 2024-25 financial year, despite higher gas prices impacting overall gains. The company posted a net profit of Rs 178 crore for the July-September quarter, […]
Adani Enterprises Limited (AEL) announced today the successful completion of its Qualified Institutional Placement (QIP) of equity shares, raising approximately Rs 4,200 crore (USD 500 million). A total of 1,41,79,608 equity shares, with a face value of Re 1 each, were allocated at a price of Rs 2,962 per share through this offering. The QIP […]
Adani Group on Wednesday announced that Mundra Port, India’s largest commercial port, has received a special postal stamp to mark its silver jubilee year. The commemorative stamp, issued on World Post Day, celebrates Mundra Port’s significant socio-economic contributions and its evolution into a global maritime powerhouse over the past 25 years. On the special occasion, […]
Adani Ports & SEZ has announced the arrival of the first mother ship at its Vizhinjam port, marking a significant milestone in India’s maritime history. This event positions Vizhinjam as a key player in global transshipment. The inauguration was led by Kerala’s Chief Minister, Pinarayi Vijayan, with V. N. Vasavan, Kerala’s Minister for Ports, presiding over the gathering. Sarbananda Sonowal, […]
The US-based short seller Hindenburg Research shared an early access copy of its report against the Adani Group of companies with the New York-based hedge fund manager Mark Kingdon, two months before publishing it which resulted in profiting from a deal from the share price movement, as per apex securities market regulator of India,. The […]
The gross non-performing asset (GNPA) ratio for Indian banks plummeted to a 12-year low of 2.8% in March 2024. According to the Reserve Bank of India’s (RBI) recently released Financial Stability Report, this ratio is projected to decrease further to 2.5% by the end of the financial year 2024-25. Understanding GNPA Ratio: The GNPA ratio […]
Reliance Industries Limited’s subsidiary, Model Economic Township Limited (METL), has proudly welcomed BEUMER India as its first German customer to the integrated greenfield Smart City, MET City in Jhajjar, Haryana. This exciting development marks the expansion of the MET City family to over 570 companies from 10 different countries. BEUMER India conducted a ground-breaking ceremony […]
Adani Ports and Special Economic Zone Limited (APSEZ) has been lauded by the Carbon Disclosure Project (CDP) for its outstanding contributions to climate action and the implementation of exemplary practices throughout its supply chain. The commendation was part of the ‘Climate Action in India: Role of Businesses & Supply Chain’ event, jointly hosted by the […]
Adani Ports and Special Economic Zone Limited (APSEZ), India’s leading port developer and operator, has been awarded the Letter of Intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. The five-year O&M contract was secured by APSEZ through a […]
Adani Green Energy Ltd (AGEL) has announced its financial results for the quarter and year ending 31 March 2024. The company’s robust growth in revenue, EBITDA, and cash profit is primarily driven by a capacity addition of 2,848 MW over the last year, consistent capacity utilization factor (CUF) for the solar portfolio, and improved CUF […]
Deepika Padukone’s self-care brand, 82°E, has announced a strategic partnership with Reliance Retail’s beauty platform, TIRA. This collaboration marks a significant milestone for 82°E, transitioning from a successful Direct-to-Consumer (D2C) model to a first-time retail experience in India, both online and offline. The partnership aims to continue 82°E’s mission of making self-care a simple, joyful […]
Indian tech startups have reportedly shown a slowdown in employee layoffs this year, providing a sigh of relief for the industry. According to a recent report, more than 2,000 workers were laid off in the first quarter of 2024, a significant decrease compared to the same period in 2023. The tracking website, layoffs.fyi, reported a […]
India’s industry secretary, Rajesh Kumar Singh, has stated that Tesla Inc. now has the opportunity to lay out its investment plans for India, following the government’s decision to reduce import duties on electric vehicles (EVs). This comes after the industry department’s recent unveiling of a comprehensive policy aimed at boosting EV manufacturing in the world’s […]
Mahindra & Mahindra, the country’s leading SUV manufacturer, has announced a memorandum of understanding (MoU) with Adani Total Energies E-Mobility Limited (ATEL), a subsidiary of Adani Total Gas Limited. The MoU outlines a plan for establishing a comprehensive EV charging infrastructure across the nation. Furthermore, the partnership will involve the rollout of e-mobility solutions to […]
AdaniConneX, a joint venture between the Adani Group, India’s largest private infrastructure and energy provider and EdgeConneX, one of the world’s largest private data centre operators, has been awarded a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This makes AdaniConneX’s Hyderabad site the first data centre in […]
Karan Adani announces the Airport is equipped to handle 8 million passengers annually Team Vo!: Prime Minister Narendra Modi inaugurated a state of the art international airport in Lucknow. The T3 terminal that he inaugurated has been built at a cost of Rs 2400 crore and will cater to around 4000 passengers during peak hours. […]
Gold prices surged Rs 800 on Tuesday and reached a fresh record high of Rs 65,000 per 10 grams in the national capital. The development is the result of strong global trends, according to HDFC Securities. Silver also rallied Rs 900 to Rs 74,900 per kg. According to analysts, spot gold prices (24 carats) in […]
Reliance Retail, led by Mukesh and Isha Ambani, is reportedly in discussions with Italian beauty brand Kiko Milano to acquire its operations in India. This strategic move aims to strengthen Reliance’s position in the beauty market and intensify competition with key rivals such as Nykaa and Shoppers Stop. This development follows Reliance Retail’s recent acquisition […]
MET City, a subsidiary of Reliance Industries Limited, has achieved a significant milestone by becoming the home to Saab’s first manufacturing facility of the famous Carl-Gustaf Weapon System in India. This development marks India’s first 100% Foreign Direct Investment (FDI) in defense, underlining the country’s efforts to become self-reliant in key defense technologies. The agreement […]
