Tag: Adani ports

Adani stocks slide again, flagship Adani Enterprises slumps 7% 

Adani stocks slide again, flagship Adani Enterprises slumps 7% 

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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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Adani group’s market value drops under 0 billion

Adani group’s market value drops under $100 billion

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Adani Group building. | Photo Credit: The Hindu The combined value of Adani Group’s 10 companies — including Adani Ports, Adani Green Energy and Power — fell below the $100 billion mark on February 21, weeks after a searing report by the U.S. short-seller Hindenburg Research. Overall, the Adani Group has lost more than $135 […]

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IOC contradicts Adani after Trinamool MP Mahua Moitra alleges ‘brazen theft’ in LPG deal

IOC contradicts Adani after Trinamool MP Mahua Moitra alleges ‘brazen theft’ in LPG deal

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Indian Oil Corporation (IOC) on Thursday took to Twitter to clarify on its initial pact for hiring Adani Group’s port at Gangavaram in Andhra Pradesh for LPG imports in addition to existing pacts with nearby ports, saying there is no take-or-pay agreement. The statement, which came in response to Trinamool Congress MP Mahua Moitra raising […]

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Adani Group pledges stake worth bn in Ambuja Cements and ACC

Adani Group pledges stake worth $13 bn in Ambuja Cements and ACC

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This is “for the benefit of certain lenders and other finance parties,” says Adani Group. This is “for the benefit of certain lenders and other finance parties,” says Adani Group. The Adani Group has pledged its entire stake worth $13 billion in Ambuja Cements and ACC, days after completing its $6.5 billion acquisition of the […]

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India getting back to age of controlling one-fourth of global economy: Karan Adani

India getting back to age of controlling one-fourth of global economy: Karan Adani

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‘The country needs to needs to tap rural India’s potential,’ says the Adani Ports CEO. ‘The country needs to needs to tap rural India’s potential,’ says the Adani Ports CEO. India can get back to the age of controlling one-fourth of global economy like the way it used to do earlier, Adani Ports and SEZ […]

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