Adani Group: News
14 Dec 2023
BusinessAdani Green Energy establishes two new subsidiaries
Adani Green Energy Ltd. has formed two new subsidiaries, Adani Renewable Energy Fifty One Ltd. and Adani Renewable Energy Fifty Five Ltd.
14 Dec 2023
Reliance IndustriesRIL emerges as biggest wealth creator for 5th consecutive year
Reliance Industries Limited (RIL) has secured its position as the top wealth creator in India for the fifth consecutive year, according to a Motilal Oswal study.
11 Dec 2023
Gautam AdaniAdani Green to raise $410mn via bond issuance: Here's why
Adani Green Energy Ltd. is set to raise around $410 million (approximately Rs. 3,420 crore) through a new bond issuance, as reported in a Singapore stock exchange filing.
09 Dec 2023
Mahua MoitraSad day: BJP MP Nishikant Dubey on Mahua Moitra expulsion
Bharatiya Janata Party (BJP) MP Nishikant Dubey on Saturday said Trinamool Congress (TMC) leader Mahua Moitra's expulsion from the Parliament over corruption and national security issues was painful.
05 Dec 2023
BusinessAdani Green Energy jumps 18% on securing $1.36bn funding
Adani Green Energy Ltd. (AGEL) recently secured an additional $1.36 billion in funding through a senior debt facility, bringing its total construction financing framework to $3 billion.
04 Dec 2023
Gautam AdaniGautam Adani's fortune grows by $5.6B in just 6 days
Gautam Adani's net worth has increased by $5.6 billion since Tuesday as Adani Group's stocks rallied after the conclusion of hearings in a case involving allegations of corporate wrongdoing against the conglomerate
29 Nov 2023
Stock MarketAdani Group stocks gain up to 17%: What's driving rally
Shares of Adani Group companies skyrocketed up to 17% on November 29, continuing their upward trend for a second day.
28 Nov 2023
Supreme Court Of IndiaAdani Group stocks surge, market value rises by $15 billion
Adani Group stocks saw a massive rally today (November 28), with the conglomerate's market value skyrocketing by over $15 billion.
28 Nov 2023
BusinessAdani Group shares surge up to 20%: Here's why
Adani Group stocks saw strong gains today after the Supreme Court wrapped up hearings on petitions calling for an investigation into the Adani-Hindenburg matter.
24 Nov 2023
Gautam AdaniSEBI assures SC of timely conclusion of Adani Group's investigation
The Securities and Exchange Board of India (SEBI) has assured the Supreme Court that it will not request an extension to finish its investigation into billionaire Gautam Adani's group concerning the Hindenburg report.
19 Nov 2023
Gautam AdaniRajasthan election: RaGa accuses PM Modi of working for Adani
Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi on Sunday for allegedly working "round-the-clock" to benefit business magnate Gautam Adani.
17 Nov 2023
Directorate of Revenue Intelligence (DRI)Government seeks to restart probe into Adani's coal imports case
The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports.
09 Nov 2023
Adani PortsAdani Ports's Q2 net profit rises 4% to Rs. 1,748cr
Adani Ports & Special Economic Zone Ltd reported a 4% YoY increase in consolidated net profit at Rs. 1,748 crore for Q3 2023. The firm's operational revenue was up by 28% to Rs. 6,646 crore.
06 Nov 2023
BusinessAdani Energy Q2 profit grows 46% to Rs. 284cr
Adani Energy Solutions, previously Adani Transmission, posted a year-on-year (YoY) 46% increase in its consolidated net profit to Rs. 284.09 crore in Q2 FY24.
06 Nov 2023
Gautam AdaniAdani Group in talks to sell 44% stake in Wilmar
Adani Group is discussing selling its entire 43.97% stake in Adani Wilmar. This joint venture with Singapore-based Wilmar International is worth $2.5-3 billion (roughly Rs. 20,800-25,000 crore), reported The Economic Times.
03 Nov 2023
BusinessAdani Power gains 25% in 7 days: What's driving rally
Adani Power's stock has experienced a 25% surge over the last seven trading days, hitting Rs. 389.50 on BSE during Friday's intra-day trading. Its 52-week high remains at Rs. 409.70 apiece.
02 Nov 2023
Gautam AdaniAdani Enterprises's Q2 profit plummets 51% YoY to Rs. 228cr
Gautam Adani's flagship company, Adani Enterprises Ltd, witnessed a 51% year-on-year (YoY) drop in consolidated net profit for the quarter ending September 2023, totaling Rs. 227.82 crore.
02 Nov 2023
FinanceAdani Power reports an 848% increase in Q2 net profit
Adani Power revealed a staggering 848% boost in its consolidated net profit for the quarter ending September 30, 2023, reaching Rs. 6,594 crore.
28 Oct 2023
Mahua MoitraMahua Moitra summoned in cash-for-query case on November 2: Report
The Lok Sabha ethics committee has summoned Trinamool Congress (TMC) MP Mahua Moitra on November 2 in the "cash for query" case after she sought a fresh date, sources told news outlet NDTV.
26 Oct 2023
Gautam AdaniAdani Group to raise $4bn to fund green hydrogen plans
Billionaire Gautam Adani's Adani Group is seeking to secure up to $4 billion in funding to establish manufacturing facilities for affordable green hydrogen.
26 Oct 2023
Mahua MoitraMahua Moitra summoned in cash-for-query case on Tuesday: Report
The Lok Sabha ethics committee has reportedly summoned Trinamool Congress (TMC) MP Mahua Moitra in the "cash for query" case on October 31.
26 Oct 2023
Mahua MoitraMahua Moitra's cash-for-query row: Dehadrai appears before Lok Sabha panel
Supreme Court lawyer Jai Anant Dehadrai, whom Trinamool Congress (TMC) MP Mahua Moitra called her "jilted ex," appeared before the Lok Sabha Ethics Committee as it convened its first meeting on Thursday. He will address the bribery allegations leveled against the TMC lawmaker.
25 Oct 2023
Gautam AdaniAdani Group's auditor EY under NFRA scanner: Here's why
The National Financial Reporting Authority (NFRA) has launched an investigation into S.R. Batliboi, an EY member firm in India and a long-standing auditor for the Adani Group.
25 Oct 2023
Narendra Modi'Misleading country': BJP's Nishikant Dubey takes dig at Mahua Moitra
Bharatiya Janata Party (BJP) MP Nishikant Dubey on Wednesday accused Trinamool Congress (TMC) MP Mahua Moitra of "misleading the country" and questioned her foreign trips.
23 Oct 2023
Stock MarketSensex tanks over 825 points, Nifty settles below 19,300 mark
On Monday, the benchmark Sensex and Nifty indices witnessed a fall.
23 Oct 2023
Stock MarketAdani Total Gas stock down 85%, reaches Hindenburg's predicted valuation
Nine months after Hindenburg Research, the US short-seller, forewarned of an 85% decline in Adani shares, Adani Total Gas Ltd. has reached that level, making it the first company among the conglomerate's seven listed entities to experience such a major devaluation.
22 Oct 2023
Trinamool CongressTMC calls for investigation into 'cash-for-query' allegations against Mahua Moitra
Trinamool Congress (TMC) MP Derek O'Brien on Friday called for a probe into the cash-for-query allegations against fellow party member Mahua Moitra by the "right forum of Parliament."
20 Oct 2023
Mahua MoitraReceived Hiranandani's letter: Ethics committee on Moitra's cash-for-query row
Lok Sabha Ethics Committee chairperson Vinod Sonkar said on Friday that the panel received businessman Darshan Hiranandani's letter against Trinamool Congress (TMC) MP Mahua Moitra in the cash-for-query row, NDTV reported.
20 Oct 2023
Gautam AdaniAdani Group closes in on $3.5bn loan to restructure debt
The Adani Group is on the verge of securing a massive $3.5 billion (around Rs. 29,110 crore) loan to refinance its existing debt from the acquisition of Ambuja Cements Ltd.
18 Oct 2023
Rahul Gandhi'Adani Group over-invoiced coal imports, fleecing public,' alleges Rahul Gandhi
Congress leader Rahul Gandhi on Wednesday accused Adani Group of overcharging for coal imports, alleging this practice cost the public Rs. 12,000 crore.
18 Oct 2023
Mahua MoitraEthics Committee to hear complaint against Moitra on October 26
The Lok Sabha Ethics Committee will hear Bharatiya Janata Party (BJP) MP Nishikant Dubey's "cash for query" complaint against Trinamool Congress (TMC)'s Mahua Moitra on October 26, NDTV reported.
15 Oct 2023
Mahua Moitra'BJP's troll sena': Mahua Moitra responds to viral personal photos
Trinamool Congress (TMC) MP Mahua Moitra on Sunday reacted to the circulation of her personal photos with Congress leader Shashi Tharoor on social media.
13 Oct 2023
Supreme Court Of IndiaSupreme Court delays Adani-Hindenburg case hearing, Adani Group stocks dip
On Friday, India's Supreme Court pushed back the Adani-Hindenburg case hearing to October 20.
12 Oct 2023
Adani PortsAdani Ports receives dollar bond buyback offers worth $213 million
Adani Ports and SEZ has shared that it got offers worth nearly $213 million for its dollar bond buyback program.
11 Oct 2023
Securities and Exchange Board of IndiaSEBI is investigating Adani Group's ties with Gulf Asia fund
India's market watchdog, the Securities and Exchange Board of India (SEBI), is looking into the connection between Adani Group and Gulf Asia Trade & Investment.
29 Sep 2023
Stock MarketSensex gains 320 points, Nifty settles near 19,640 mark
On Friday, the benchmark Sensex and Nifty indices saw an upward trend.
20 Sep 2023
BusinessTotalEnergies and Adani Green form $300 million joint venture
TotalEnergies SE will invest $300 million in a 50:50 joint venture with Adani Green Energy Twenty Three Limited (AGE23L), according to a regulatory filing by the Adani Group on September 20.
18 Sep 2023
Supreme Court Of IndiaPlea in SC seeks new panel to probe Adani-Hindenburg case
A fresh plea has reportedly been filed in the Supreme Court (SC), seeking the formation of a new expert committee in the Adani Group-Hindenburg case.
12 Sep 2023
Securities and Exchange Board of IndiaSEBI accused of hiding 2014 Adani manipulation alert by DRI
The Securities and Exchange Board of India (SEBI) is facing accusations of hiding a 2014 Directorate of Revenue Intelligence (DRI) alert.
11 Sep 2023
Stock MarketSensex gains 528 points, Nifty records new all-time high
On Monday, the benchmark Sensex and Nifty indices showed an upward trend. The Sensex rose 0.79% to 67,127.08 points, while the Nifty gained 0.88% to end at 19,996.35 points. The latter recorded a new high of 20,008.15 points.
