Foreign portfolio investors have put in Rs 11,500 crore in the Indian equities so far this month. This comes after a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Previous inflows included bulk investment from the US-based GQG Partners in the Adani Group companies.
The Adani Group said Vinod Adani continues to be a part of the promoter group. The reserve bank of India is monitoring developments related to Credit Suisse. Local bond traders said the risk of contagion is negligible.
The Adani Group said Vinod Adani continues to be a part of the promoter group, in a stock exchange filing on Thursday. The reserve bank of India (RBI) is monitoring developments related to Credit Suisse.
The statutory regulator of securities markets will investigate the market allegations against the Adani Group. The nine listed companies forming part of the group witnessed a decline of around 60 per cent of market capitalization from January 24, 2023, till March 01, 2023.
As of now, the month has recorded seven trading sessions and these days FPIs pumped in 13,540 crore in Indian equities. This includes the mega block deal in four companies of the Adani Group. Market closed on March 4-5 due to the weekend, and on March 7th owing to the Holi festival.
Seven Adani Group companies gained 78,395 crore in market cap this week. Adani Enterprises was the top Nifty 50 loser (down nearly 3%) the stock continued to witness sell-off in today's trade after the national stock exchange placed the company under the framework of short-term additional surveillance mechanism.
The decision to prepay loans is part of the Adani Group's strategy to tackle the crisis triggered by the Hindenburg report. It comes as the port-to-power conglomerate remains focused on reducing debt to regain the confidence of investors.
Dovish commentary by one of the members of the US Federal Reserve's rate-setting panel and fresh investments in Adani Group stocks bolster sentiment.FOxconn to invest up to $1 B in new Bengaluru plant The Hon Hai Technology Group will set up an electronics manufacturing and assembly unit.
Regulators will do what is “appropriate” on matters related to the Adani Group. Top seven IT services exporters in india posted a fall in headcount as on December 31 from three months earlier.
Bulls are hoping that the budget will act as a catalyst, putting bears on the defensive. The market will continue to monitor Adani Group, whose stock price has fallen below the floor price of its FPO.
The group is looking to raise Rs 20,000 crore in a follow-on share sale. It is the business incubator for the group. The group plans to invest USD 50 billion over the next 10 years.
The company plans to set up medical colleges in Bhadrak and Rayagada. The process of identification of land is underway for the purpose in both the districts. The company is encouraged to note the intention of the state for establishment of medical colleges on PPP mode to upgrade medical care facilities at the district level.
IHC, Gulf SWFs may Go Big on Adani Enterprises’ FPO. Some of the biggest Adani Group backers from the Gulf are expected to be among the largest buyers.
More than 34 organisations representing engineers, technicians, and employees of the MahaVitaran, MahaGenco and MahaTransco have given a call for a statewide strike from zero hours on January 4 till January 6. They are up in arms against the ‘heinous plot of introducing Adani Group in distribution service of Navi Mumbai’s Bhandup Circle.
Adani Group's Founder & Chairman on Saturday claimed that India will become the world's third-largest economy by the end of 2030. Adani was delivering a keynote address on India's Path to an Economic Superpower at the World Congress of Accountants 2022 in Mumbai on Saturday.
The group is reportedly in talks with Uber to chalk out a plan to make it operational. The two companies recently announced a partnership under which Adani Airports now has dedicated pick-up zones for Uber.
India's companies, such as Adani Greens, owned by billionaire Gautam Adani's Adani Group, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals. India is one of the world's biggest greenhouse gas emitters and aims to reach net zero emissions by 2070.
Tycoon pledged shares valued at about $13 billion in two Indian cement firms. ACC and ambuja shares have surged 29% and 60% since the acquisition. The tyingcoon plans to double his company’s annual capacity by 2027.
Santo & CJ ambuja Cements' stock has been on a tear ever since the takeover by the Adani Group was announced. The duo discuss what lies ahead for the cement maker's stock.
The Adani Group has overtaken the Tata Group (Rs 20.7 lakh crore) to achieve this feat. From a market cap of Rs 2 lakh crore as of end-2019, the group has now added an average of Rs 56,700 crore every month to its shareholder wealth.
Indian equities tumbled close to 2% on friday, tracking weakness in global markets. Warnings from the international Monetary Front and the world bank on the economic outlook added to market woes.
Global brokerage aims to leverage its strong B/S to benefit from gradual volume recovery. The brokerage has maintained its Buy rating on the Adani Group stock with a target price of 1,100 per share (from 850)
The SGX Nifty futures quoted at 17,724, indicating a likely gap-up of nearly 100 points on the benchmark this morning. The Adani Group has made an open offer to acquire additional 26 per cent stake (16.76 million shares) at Rs 294 per share.
In a 15-page note in response to creditSights report calling the group overleveraged, it said in the group have consistently de-levered. The net debt to Ebitda ratio fell to 3.2 times from 7.6 times in the last nine years.
The college dropout turned business tycoon pipped Bernard Arnault, CEO of LVMH, to break into the top three of the Bloomberg Billionaires Index. Out of the six Adani Group listed companies, five have rallied at least 1,000% since April 1, 2020.
Gautam Adani’s media division officially sought control of New Delhi Television. Adani Group said it had used financial rights to purchase a 29.18% stake in NDTV, through the conversion of loans into an equity stake in the promoter group. It further laid out plans for a subsequent open offer for a stake of another 26% at Rs 294 per share, valued at Rs 493.
The seven listed group stocks are trading at a trailing price-to-earnings multiple of 109.2X. This is nearly five times the companies’ average trailing P/E of 22.9X on Tuesday. The group reported combined net profits of Rs 17,676.3 crore during the trailing 12 months ended June this year.
Adani Group has acquired 29.18% in broadcaster NDTV, and launched an open offer to acquire an additional 26% from the company’s public shareholders for ₹294 per share. This is a 28% discount to Tuesday's closing price of NDTV shares. This development has brought the focus back on open offers made by companies to acquire another firm.
Adani Group is deeply overleveraged and may land in a debt trap, Fitch group unit CreditSights said. Group borrows aggressively to invest heavily in multiple businesses, in some of which it does not have proven expertise. Adani family has majority shareholding in five out of its six listed entities.
Shares of Eicher Motors, Bharat Electronics, and Adani Transmission made fresh 52-week highs on NSE today. The stocks of all Adani Group companies were in the red today with Adani Power shedding the most value.
Adani Group subsidiary, AMG Media Networks Limited, will indirectly acquire a 29.18% stake in media broadcaster New Delhi Television. The acquisition is likely to cost about ₹495 crore, an Adani official said. The company operates three national news channels – NDTV 24x7, NDTV India and NDTV Profit.
The open offer would be worth 4.93 billion Indian rupees ($61.73 million) NDTV is a leading media house and operates three national news channels. RRPR holds a 29.18% stake in local digital business platform Quintillion.
Adani Group chairman Gautam Adani addressed the Annual General Meeting (AGM) Adani Enterprises Limited is an Indian multinational publicly-listed holding company. The company is headquartered in Ahmedabad and primarily forays into mining and trading of coal and iron ore. Adani's various subsidiaries also ventures into airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing.
Govt. Has decided to allot 16 quarries to Adani Group in Thiruvananthapuram, Kollam, Pathanamthitta districts to mine granite for the Vizhinjam seaport project. Of these, eights will be under direct control of Adani and remaining eight will be run with private participants.
Andy Flower has been hired as the head coach of UAE International League T20 team Gulf Giants. The team is owned and managed by the Adani Group. The inaugural season of the ILT20 will take place between January and February 2023. Flower has previously coached the national teams of England and Afghanistan. The 2010 T20 World Cup-winning coach won the IPL with Lucknow Super Giants.
Adani Total Gas hit a record high of Rs 2,775.85, soaring 9 per cent on the BSE in the intra-day trade. Adani Group, on Saturday, said it has participated in the 5G spectrum auction to provide private network solutions along with enhanced cyber security.
Shares of (AEL) gained 2 per cent to hit an intra-day high of Rs 2,338.45 on the BSE on Monday. Adani Group has said that it does not intend to be in the consumer mobility space. Vodafone Idea, Mahanagar Telephone Nigam Limited, GTL and Indus Towers jumped 8 per cent.
The Adani Group said on Saturday it will take part in the bidding process of the 5G telecom spectrum auction. The development comes just a day after reports indicated that the group would be making a surprise entry that it will pitch against Reliance Jio and Airtel. The group said it has no intention to be in the consumer mobility space.
Adani Group of companies has announced they will be participating in the upcoming 5G auction. The company aims to provide the latest 5G technology in airports, ports and logistics, power generations, transmission, distributions and various manufacturing operations. The Adani group intends to utilise the airwaves for both its data centre and the mega app it is developing to help industries ranging from gas retail to ports and energy delivery to airports.
Billionaire Gautam Adani’s group confirmed its entry into the race to acquire telecom spectrum. Adani Group plans to use the airwaves for its data centre as well as the super app it is building to support businesses from electricity distribution to airports. The group plans to compete with Mukesh Ambani‘s Reliance Jio and Sunil Bharti Mittal’�s Airtel in the auction of airwaves.
The Adani group announced its entry into the telecom industry on Saturday. The company has plans to use airwaves for its data centre as well as the super app it is building to support businesses from electricity distribution to airports, and gas retailing to ports. Jio, Airtel and Vodafone Idea -- the three private telecoms -- are three private operators.
Applications for participating in the 26 July auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea — the three private players in the telecom sector — applied.
Gautam Adani’s group is said to be planning a surprise entry into the race to acquire telecom spectrum. Jio, Airtel and Vodafone Idea — the three private players in the telecom sector — applied. A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block.
Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum. It will pitch it directly against Mukesh Ambani's Reliance Jio and Sunil Bharti Mittal's Airtel. A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block.
Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum. It will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel. The fourth applicant is Adani Group, one of the sources said.
Gautam Adani’s group is said to be planning a surprise entry into the race to acquire telecom spectrum. Jio, Airtel and Vodafone Idea — the three private players in the telecom sector — applied. A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block.
Mamata Banerjee said that politics and industry should not be mixed. She cited the state's growth as the reason why her government chose to join hands with Gautam Adani and Mukesh Ambani's conglomerates - Adani Group and Reliance Industries. The Modi government only encourages BJP-minded people where they keep money and where they get money.
Mamata Banerjee said that politics and industry should not be mixed. She cited the state's growth as the reason why her government chose to join hands with Gautam Adani and Mukesh Ambani's conglomerates - Adani Group and Reliance Industries. The Modi government only encourages BJP-minded people where they keep money and where they get money.
Adani Group floated its first import tender on behalf of power companies. Company quoted Rs 4,033 crore for supply of 2.416 million tonnes of coal on a freight-on-road (FOR) basis. Behind Adani were Mohit Minerals and Chettinad Logistics.
