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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 BSE Sensex witnessed an atrocious fall to an intra-day low of 52,654 on May 13. Due to this drop, the market capitalization of 17 Gujarat-based companies suffered a straight ₹3.20 lakh crores erosion. Surprisingly, this happened in a mere fortnight since April 29. Global inflation at the hands of the Russia-Ukraine War with a […]
Adani Sportsline, an initiative by the Adani Group, has acquired the rights to own and operate a franchise in a T20 league under the UAE flagship. The UAE T20 League, licensed by Emirates Cricket Board, is an annual event that features six franchise teams competing in a 34-match event. The teams will likely include leading […]
Ahmedabad airport inaugurated its first Electric Vehicle (EV) charging stations on Tuesday. Adani Total Gas has installed the charging stations at the entrance and exit of the airport. The Adani Group, which took over the management of the airport in November 2020, has been introducing a series of changes aimed at improving the passenger experience and […]
Adani Wilmar Ltd (AWL), the country’s largest fast moving consumer products company by revenue, has bought packaged foods brand Kohinoor from American conglomerate McCormick for an unknown fee. Apart from the premium basmati rice brand, the sale also includes its umbrella brands Charminar and Trophy, which are worth around Rs 115 crore in total. With […]
Adani Group, which handles diverse businesses, is now engaging with foreign banks and global private equity investors to chalk out plans in the healthcare business. Adani Group, is an Indian multinational conglomerate company, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises […]
Adani Enterprises Ltd has joined the media sector with the formation of AMG Media Networks Ltd, a wholly owned subsidiary. The new company would “carry on the business of media-related activities, including as publishing, advertising, broadcasting, and distributing information across various forms of media networks,” according to the press release. AMG Media Networks has three […]
Adani Power became the sixth Adani Group company to reach a market capitalisation of Rs 1 trillion on Monday. The increase in market capitalization came after the stock reached a 5-percentage-point high on Monday. The large cap stock has risen 5% to Rs 272.15, from a previous close of Rs 259.20 on the BSE. The […]
Industrialist Gautam Adani, today, said that his group is committed to invest in Bengal and contribute to make a difference in the state. The head of Gujarat-based Adani Group is in Kolkata as the chief guest at the sixth edition of Bengal Global Business Summit (BGBS) that commenced today. Adani applauded state Chief Minister Mamata Banerjee for the […]
