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Adani Total Gas Ltd (ATGL) has obtained financing of $375 million from global lenders to expand its City Gas Distribution (CGD) business, the company announced on Friday. The company stated that the maiden financing of $375 million concluded with international lenders includes an initial commitment of $315 million, with an accordion feature to increase the […]
The US-based firm Cantor Fitzgerald has begun coverage of Adani Energy Solutions Ltd (AESL), giving it an ‘Overweight’ rating and setting a target price of Rs 2,251, indicating a potential 130 per cent increase from Thursday’s closing price. Cantor Fitzgerald noted that Adani Energy Solutions is trading at a 60 per cent discount to its […]
Torrent Power has announced investment of 64,000 crore for green or renewable energy projects having employment potential for 26,000 people. Reaffirmed its commitment towards green and sustainable future, it has submitted two ‘Shapath Patras’ to the Union Ministry of New and Renewable Energy at the 4th Edition of RE-Invest at Gandhinagar. RE-INVEST is being organised […]
It is known that Micro, Small and Medium Enterprises (MSMEs) play a quintessential role and are a strong pillar for the Indian economy. To help with the development and growth of these small and micro businesses, the government, mainstream financial institutions and the newcomers in the markets-NBFCS offer MSME loans. These loans cater to the […]
The Adani Group has issued an official statement criticising, denouncing and disowning certain media releases in circulation in the name of the company or by the company, calling them malicious attempts to defame the company. A spokesperson of Adani Group said in a statement, “Certain vested interests with malicious intent are circulating multiple fraudulent press […]
Adani Green Energy Ltd. (AGEL) on Monday announced the successful redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024. This comes after the company’s announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the […]
Union Minister Jayant Chaudhary on Friday launched the Reliance Foundation Skilling Academy, a platform dedicated to preparing India’s youth for jobs of the future. The platform was introduced at a national conference on “Empowering Youth for the Jobs of the Future,” which was coordinated by the National Skill Development Corporation (NSDC) and the Reliance Foundation. […]
Gujarat is indeed a vibrant and much-happening state. It is also the home state of Prime Minister Narendra Modi, who conceptualised and began the Vibrant Gujarat Summit in 2003. But according to the latest figures, in the first quarter of FY 2025, Gujarat ranks fifth when it comes to Foreign Direct Investment (FDI) inflows amounting […]
Adani Green Energy Limited (AGEL), India’s largest renewable energy company, and TotalEnergies, have announced a strategic joint venture (JV), equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located at the world’s largest renewable energy plant in Khavda, Gujarat. AGEL will contribute its current assets […]
Adani Ports and Special Economic Zone (APSEZ) on Friday announced that it has entered into a definitive agreement to acquire 80% stake in Astro in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x. APSEZ is India’s largest ports and logistics company and a part of the […]
Raymond Lifestyle is planning to open 650 new exclusive brand outlets over the next two years, taking the total number of stores in its distribution network to 2,000. Of these, 300 stores will be for the Ethnix brand of men’s wedding wear, launched 18 months ago. Addressing a news conference in Ahmedabad on Thursday, Raymond […]
Reliance Industries Ltd (RIL) on Thursday announced plans to discuss a 1:1 bonus share at its board meeting scheduled for September 5. Aiming to reward shareholders, the proposal is made in the midst of robust financial results and ongoing industry expansion. Addressing shareholders during the 47th Annual General Meeting (AGM), Reliance Industries Chairman Mukesh Ambani […]
TVS Motor Company has launched an improved version of its Jupiter 110 scooter, with a host of new features that include dual helmet under-seat storage, front fuel filling and an infinity light bar. These features have so far been available in the company’s 125 cc range of scooters, but this is the first time they […]
Adani Group firm APSEZ on Wednesday announced that it will invest a total of Rs 3,500 crore to establish a propellant production facility at Shivpuri in Madhya Pradesh and a cement grinding unit with a capacity of two million tonnes in Guna. Adani Ports and Special Economic Zone Ltd. (APSEZ) MD Karan Adani made the […]
Industrialist Anil Ambani and 24 other entities, including former senior officials of Reliance Home Finance, have been barred from the securities market for five years by the markets regulator the Securities and Exchange Board of India (Sebi) for diverting funds from the company. Ambani has been fined Rs 25 crore by Sebi and is banned […]
While trading, technical analysis plays a critical role in making informed decisions. There are multiple tools to conduct technical analysis, and one of the most effective is Candlestick Pattern. Candlestick patterns allow traders to understand the market behavior and make better trades. In this blog, we’ll delve deep into discussing how candlestick patterns can be […]
Adani Group, one of India’s leading infrastructure conglomerates, on Monday announced the release of the Adani Portfolio’s latest Results and Credit Compendium. The Results Compendium provides a comprehensive overview of the financial performance of Adani Portfolio and the Credit Compendium offers in-depth insights into the portfolio’s robust credit strength. The strong performance for the quarter […]
Adani Group on Sunday refuted the latest accusations by US-based Short Seller Hindenburg Research, which allege to establish a direct link between Sebi Chairperson Madhabi Puri Buch, her husband Dhaval and some offshore entities related to the Adani financial transactions case. Dismissing these allegations as “malicious, mischievous, and manipulative,” the Adani Group has accused Hindenburg […]
Reliance Jewels on Wednesday announced the launch of its newest collection, Aabhar, marking a milestone of 17 years in the business. The curated jewellery collection of this year’s Aabhar includes a special collection of earrings created as a heartfelt tribute to customers, whose constant support and loyalty have been an integral part of the brand’s […]
JioFinance has taken an important move towards its global expansion by enabling payments in Paris. This is the first overseas market expansion for the company as the JioFinance app is now available for transactions at certain tourist sites in the capital city of France. JioFinance will enable payments for tickets to renowned attractions like the […]
