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The Supreme Court has exercised its extraordinary constitutional authority, ordering the liquidation of grounded airline Jet Airways’ assets. A bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra on Thursday overturned the National Company Law Appellate Tribunal (NCLAT) decision that supported Jet Airways’ resolution plan and approved the transfer of ownership […]
Domestic stock markets tumbled sharply on Monday as the S&P BSE Sensex plunged more than 1,100 points in morning trade, pressured by persistent foreign outflows and mounting global and domestic economic worries. Around 10:30 am, the NSE Nifty50 declined 357.80 points to 23,946.55, while the S&P BSE Sensex dropped 1,121.16 points to trade at 78,602.96. […]
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. […]
ACC Ltd, the cement giant led by the Adani Group, reported a 4.03 per cent year-on-year (YoY) increase in revenue from operations for the July-September quarter (Q2) of FY25. Revenue rose to Rs 4,613.52 crore, up from Rs 4,434.73 crore in the same period last year due to the strong demand for high-quality cement across […]
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, […]
Edible oil company Adani Wilmar Ltd on Thursday has announced a consolidated net profit of Rs 311.02 crore for the second quarter of this fiscal year, driven by increased income. Adani Wilmar is a joint venture between the Adani Group and Singapore-based Wilmar, selling edible oils and other food products under various brands, including the […]
Ambuja Cements, a subsidiary of Adani Cement and part of the diversified Adani Group, is set to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore on Tuesday. Under the terms of the agreement, Ambuja will acquire 46.8% of OCL’s shares from its current promoters and selected public shareholders. The acquisition […]
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 […]
Indian-Irish businessman Noel Tata has been appointed chairman of Tata Trusts, the Tata Group’s charity arm. His parents are Simone N Tata and Naval H Tata. After Ratan Tata, his half-brother, passed away earlier this week at the age of 86, Noel assumed the role. The appointment of Noel Tata, Ratan Tata’s half-brother, as Tata […]
In a major milestone for Navi Mumbai International Airport Ltd (NMIAL), an Indian Air Force (IAF) aircraft successfully landed on the airport’s southern runway on Friday. The inaugural landing of the IAF C-295, a large multi-role tactical airlifter, marks significant progress in the Adani Group’s development of this greenfield international airport. On the milestone, Adani […]
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, […]
India’s benchmark indices fell nearly 1% on Friday in a volatile trading session, capping their worst weekly performance in over two years. The downturn was triggered by escalating tensions in the Middle East, prompting global investors to seek safer havens and raising concerns over potential oil price hikes. The markets also faced pressure due to […]
In recent years, the financial landscape in India has seen a significant transformation, particularly with the rise of cryptocurrency as a viable investment option. Among the innovative ways to invest in digital assets, Systematic Investment Plans (SIPs) for cryptocurrencies have gained significant traction. As investors seek new opportunities and avenues for wealth creation, the increasing […]
Global events can have a significant impact on forex markets. Political changes, natural disasters, and economic developments can create volatility, influencing currency values. Understanding how these events affect forex trading is crucial for success in the market. In this article, we will explore various global events that impact forex markets and provide tips on how […]
Google and Adani Group announced a clean energy collaboration, helping advance companies’ collective sustainability goals and add more clean energy to Indian grid. “Through this partnership Adani will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Khavda, Gujarat. This new project is expected to start […]
Three companies from the Adani Group portfolio — Adani Enterprises Ltd (AEL) (via its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ), and Ambuja Cements Ltd — have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, establishing the Adani Mundra Cluster. On the initiative, Managing Director of APSEZ and […]
Reliance Industries Limited (RIL) Director Anant Ambani and bp CEO Murray Auchincloss on Thursday unveiled the 500th Jio-bp pulse Electric Vehicle (EV) charging station at the Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai. During the launch, Anant Ambani said, “Jio-bp is playing a pioneering role in accelerating EV adoption in India. With […]
Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd on Tuesday said they have joined the Utilities for Net Zero Alliance (UNEZA) to help India accelerate the adoption of renewables and overcome common barriers in the realisation of global Net Zero ambitions. AGEL in the renewable energy sector and AESL in transmission and distribution […]
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 […]
