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The Group of Seven (G7) leading industrialised nations discussed migration, artificial intelligence, economic security and the Indo-Pacific region on the final day of their summit in Italy. The G7 leaders stressed their determination to meet global challenges “at a crucial moment in history.” The gathering in a luxury resort in Italy’s southern Puglia region also […]
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 […]
Wife Vineeta Maloo has remained his backbone throughout, and following Jainism principles and yoga has helped their family find strength and serenity and attract massive business success. The world of business is a world of hustle-bustle. Finding balance is crucial and often takes individuals to crossroads and challenges. However, the ones who stay calm, committed […]
Tira, Reliance Retail’s omnichannel beauty retail platform, today announced the launch of its skincare brand, ‘Akind’. Co-founded by Mira Kapoor, Akind was unveiled at Tira’s flagship store at Jio World Drive in Mumbai. Akind understands that everyone’s skin is unique and deserving of personalized care and seeks to simplify skincare by listening to its needs. […]
Diversified Torrent Group crossed USD 20 billion (Rs 1.68 lakh crore) in market capitalisation on Friday, nearly doubling the market value on the back of robust growth across businesses spanning from pharma to energy. Torrent Group had an m-cap of USD 10.8 billion (Rs 90,230 crore) on June 6, 2023. On Friday, two listed companies […]
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 […]
The Adani group’s digital platform, Adani One, has introduced the first co-branded credit cards with airport-related advantages on Monday. The Adani Group’s entrance into the retail financial industry is signified by this strategic alliance with ICICI Bank. On the announcement, Director of Adani Group, Jeet Adani, said: “This unique partnership with ICICI Bank and Visa […]
Benchmark stock market indices, Sensex and Nifty50, opened at record high levels on Monday after exit polls predicted a third term for the BJP-led NDA government. The S&P BSE Sensex jumped over 2,000 points to a record high of 76,738.89, while the NSE Nifty50 rose to 23,338.70. Both the indices hit all-time highs. At 10:10 […]
A 30-year concession agreement has been signed by Adani International Ports Holdings Pte Ltd (AIPH), a fully-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), with the Tanzania Ports Authority for the operation and management of Container Terminal 2 at the Dar es Salaam Port in Tanzania on Friday. With a well-established network […]
Jio Financial Services Ltd announces the launch of their “JioFinance” app (in βeta mode), a cutting-edge platform revolutionising daily finances and digital banking. This app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface. Designed for friction-less navigation, “JioFinance” app […]
The Adani Group’s market capitalisation on Wednesday regained the USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore. This gain came as investors reposed faith in the company which has denied any wrongdoing in supply of coal to Tamil Nadu power company. With the Rs 11,300 crore gain on […]
The Indian equity benchmark indice, BSE Sensex crashed further in trade today morning, bringing it below 73000 and Nifty50 also went below 22500 at 10.40 AM today. Experts have commented that the market behaviour is outcome of the aggressive selling by FIIs, touching to Rs 15863 crores so far this month. Concerns regarding election results […]
While the Narendra Modi government may have gone out of the way to promote the Gujarat International Finance Tec-City (GIFT City), sought to be developed as India’s formidable financial technology hub off the state capital Gandhinagar, just 20 km from Ahmedabad, a recent report, prepared by Tracxn Technologies suggests that neither of the two cities […]
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 […]
Adani Ports and Special Economic Zone (APSEZ) on Thursday announced a 50 per cent jump in net profit at Rs 8,104 crore for FY24, reaching a record volume of 420 MMT (million metric tonnes) in the period which is 24 per cent growth (year-on-year).The revenue for FY24 grew by 28 per cent (year-on-year) to reach […]
Adani Enterprises announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Thursday, May 2, reporting a drop of 38 per cent in net profit at ₹451 crore, compared to ₹723 crore in the corresponding period last year. The port-to-power conglomerate’s flagship company’s revenue from operations rose marginally at O.8 per cent to ₹29,180 crore […]
Gautam Adani-owned Ambuja Cements recorded a 64 per cent surge in the March quarter consolidated net profit to Rs 1,055 crore (attributable to owners of the company) from Rs 645 crore last year, helped by softened input costs. The company has also delivered the lifetime highest annualised PAT of Rs 4,738 crore, up 119% year-on-year. […]
Adani Ports and Special Economic Zone (APSEZ) announced the elevation of its credit rating to AAA by CARE Ratings (NS:CREI). This is the highest possible rating given to any issuer in India by credit rating agencies, signifying APSEZ’s strongest level of creditworthiness and the ability to fulfil all its financial guidance, the company said in […]
Meta is making substantial investments in artificial intelligence (AI) to position itself as a leader in the field. Recently, in its first-quarter earnings report, the company revealed that its AI plans are costing more than initially anticipated. Meta initially intended an estimated capital expense range of $ 30 to $ 37 billion for its AI […]
ACC Limited, a subsidiary of Ambuja Cements, on Thursday announced lifetime high annualised profit after tax (PAT) at Rs 2,337 crore in FY24, up a staggering 378 per cent (year-on-year). Part of the diversified Adani Group, ACC Limited registered operating EBITDA at Rs 837 crore for the fourth quarter (Q4) ended March 31, up 79 […]
