Adani stocks slide again, flagship Adani Enterprises slumps 7% 

Adani stocks slide again, flagship Adani Enterprises slumps 7% 

File photo of Adani Group building at Adani Shantigram near Ahmedabad. | Photo Credit: Vijay Soneji Shares of Adani Group companies fell on Tuesday with flagship Adani Enterprises Ltd. slumping 7% on the BSE amid fresh concerns about debt repayment at the highly leveraged conglomerate. Other group companies including Adani Green Energy, Adani Total Gas, […]

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Sensex, Nifty close marginally down in volatile trade

Sensex, Nifty close marginally down in volatile trade

Image for representational purpose only. | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on March 28 as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or […]

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EPFO subscribers are captive investors of two Adani stocks

EPFO subscribers are captive investors of two Adani stocks

EPFO earmarks up to 85% of its equity investments into ETFs tracking the Nifty 50, which had added Adani Enterprises in September 2022. File | Photo Credit: The Hindu The aftermath of the Hindenburg Research report may have made several large investors rethink their exposures to the Adani group. But one large pool of capital […]

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Sensex, Nifty plunges over 1% as IT, financial shares drop

Sensex, Nifty plunges over 1% as IT, financial shares drop

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, on February 1, 2023. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty declined by more than 1% in opening trade on Friday due to heavy selling in financials, IT and capital […]

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NSE, BSE remove Adani Enterprises from short-term ASM framework

NSE, BSE remove Adani Enterprises from short-term ASM framework

The National Stock Exchange (NSE) and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure (ASM) framework. | Photo Credit: AFP The National Stock Exchange (NSE) and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure (ASM) framework. The move comes […]

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Adani group acquires NDTV founders Roys’ 27.26% equity stake 

Adani group acquires NDTV founders Roys’ 27.26% equity stake 

Prannoy Roy, Chairman of NDTV. | Photo Credit: Rajeev Bhatt The Adani Group on Friday said it has acquired a 27.26% equity stake in NDTV from Prannoy Roy and his wife Radhika Roy, founders of the news broadcaster. “RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a […]

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Adani to raise ₹20,000 crore through fresh share issue

Adani to raise ₹20,000 crore through fresh share issue

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File | Photo Credit: Reuters Billionaire Gautam Adani’s conglomerate on Friday said it will raise ₹20,000 crore in equity to fund the massive expansion at his sprawling business empire that now spans from ports […]

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Adani group’s ₹493 crore open offer for NDTV to start from November 22

Adani group’s ₹493 crore open offer for NDTV to start from November 22

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File. | Photo Credit: Reuters Adani group’s open offer to acquire an additional 26% stake in the media firm New Delhi Television (NDTV) from the market would start from Tuesday. The offer, for which […]

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Adani Enterprises’ subsidiaries secure ₹10,238 crore-fund for Ganga Expressway Project in Uttar Pradesh

Adani Enterprises’ subsidiaries secure ₹10,238 crore-fund for Ganga Expressway Project in Uttar Pradesh

Adani Enterprises Ltd. on Thursday said its three wholly-owned subsidiaries have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh under public-private partnership mode. The company in a statement said it has secured finances of ₹10,238 crore from lenders, and the concession period of the project shall be 30 years […]

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Gautam Adani | From a trader to the world’s third-richest

Gautam Adani | From a trader to the world’s third-richest

The Gujarat-­based industrialist, whose interests spread from ports and airports to power, media and telecom, has a net worth of $140 billion  The Gujarat-­based industrialist, whose interests spread from ports and airports to power, media and telecom, has a net worth of $140 billion  Industrialist Gautam Adani, who founded the ports-to-green energy Adani Group, last […]

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