Adani made Rs 1,600 crore per day in past one year

Adani’s net worth is now Rs 3 lakh crore more than that of Mukesh Ambani (Rs 7.94 lakh crore) who added Rs 210 crore every day last year.

published on : 22nd September 2022

Adani pledges USD 13 billion shares of ACC, Ambuja

After the takeover, Adani Group chairman Gautam Adani said they expect a significant margin expansion to become the most profitable cement manufacturer in the country.

published on : 21st September 2022

Ambuja Cements shares at all-time high after being acquired by Adani Group

The Board of Ambuja Cements has also approved an infusion of Rs 20,000 crores into Ambuja by way of preferential allotment of warrants.

published on : 19th September 2022

Adani to become most profitable cement manufacturer

Adani Group last week completed buyout of Swiss major Holcim's stake in the two firms.

published on : 19th September 2022

Gautam Adani: A first gen bizman who rose to global ranks

Adani Enterprises, the umbrella company that holds several of his diversified businesses, was started as a commodity trading company in 1988.

published on : 18th September 2022

Adani completes ACC, Ambuja acquisition; becomes second-largest cement manufacturer

Adani Group named its founder chairman Gautam Adani as the head of Ambuja Cements and Karan was named as a director of both the cement firms and as chairman of ACC. 

published on : 17th September 2022

After surge to $154 billion, Adani briefly listed as world's second-richest on Forbes rich list

Shares in the flagship Adani Enterprises -- of which the billionaire owns 75 percent -- have soared more than 2,700 percent since March 2020, and doubled in value in the past six months.

published on : 16th September 2022

Adani names son Karan to run cement firms; injects Rs 20,000 cr in Ambuja Cement

Soon after Adani's takeover, the two cement firms announced the resignation of their board of directors, including the CEOs and CFOs.

published on : 16th September 2022

Gautam Adani is now world's second richest person

Elon Musk's net worth is way higher at USD 273.5 billion. India's Mukesh Ambani is at number eight with a total net worth of USD 91.9 billion.

published on : 16th September 2022

Vizhinjam Port: Govt view sought on contempt plea by Adani Group

When the case came up for hearing, the state government sought time to file a counter affidavit. 

published on : 16th September 2022

Vizhinjam stir: Adani Group seeks contempt case against Kerala

In the petition, Adani group said though the High Court has passed an order on September 1 directing police protection, the government has not taken any effective steps.

published on : 15th September 2022

Adanis rejects R-Infra’s Rs 13,400 crore claim in Mumbai power business transfer deal

The deal gave Adani Group a strong base in the distribution business and now Adani Transmission is India’s largest private player in the transmission and power distribution space.

published on : 13th September 2022

'Income Tax Department approval not required for warrant conversion by RRPR Holding': Adani Group

NDTV said RRPR Holding and the company has received a letter from Vishvapradhan Commercial Private Ltd (VCPL) informing that the Adani Group firm had approached the IT department on the issue.

published on : 10th September 2022

Adani Group's open offer for ACC, Ambuja Cements gets lukewarm response from investors

According to the latest regulatory filing by ACC Ltd, till 6.40 pm on Friday, around 40.51 lakh equity shares were tendered against the original offer of 4.89 crore shares, which is just 8.28 per cent

published on : 10th September 2022

Adani to launch open offer for 26 per cent stake in NDTV on October 17

This letter comes even as there is no clarity as to when the NDTV founders will allot shares held by promoter holding vehicle RRPR to Vishvapradhan Commercial Private Limited.

published on : 9th September 2022

CreditSights discovers errors in debt report on Adani Group firms

These corrections did not change our investment recommendations,” CreditSights said in a new report dated September 7.

published on : 9th September 2022

Green push: Adani Group to build three giga clean energy factories

Adani Group will build 3 giga factories for manufacturing solar modules, wind turbines and hydrogen electrolyzers as part of a $70 billion investment in clean energy by 2030. 

published on : 8th September 2022

Adani Group firm to supply power to Bangladesh

The project is significant as Bangladesh has been recognised as an important partner under India’s ‘Neighbourhood First’ policy.

published on : 7th September 2022

Adani group says not overleveraged, loans from public sector banks halved

Adani, 60, has in the last few years expanded his coal-to-ports conglomerate into airports, data centres, cement, aluminium and city gas.

published on : 6th September 2022

I-T department nod not needed for Adani to acquire NDTV shares

Sharing similar views, Sudit K Parekh & Co LLP Partner Anita Basrur said Section 281 applies when there is a transfer of an asset or when a charge is created on an asset.

published on : 4th September 2022
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