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The Latest Breaking News from Adani Group

Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report.

The Times of India

Vizhinjam port may miss commissioning deadline

Protests by fishermen against project to help port project developer

The Hindu

Benzinga Before The Bell: iPhone 14 Might Be Costlier, Coinbase Face Another SEC Probe, Binance Sees Crypto User Growth And Other Top Financial Stories Thursday, August 11

Reuters Binance Says Worldwide Inflation Is Driving Crypto User Growth

Benzinga

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Adani Group proposes ₹41,653 crore alumina refinery in Odisha

High level clearance committee headed by Odisha CM gives approvals to 10 industrial projects that entail investment of ₹74,620.18 crore

The Hindu

Adani Enterprises profit rises 76% to Rs 469 crore in June quarter

NEW DELHI: Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations.

The Times of India

Adani Group to acquire Macquarie Asia's toll road portfolio in Andhra Pradesh, Gujarat for Rs 3,110 crore

NEW DELHI: Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore.

The Times of India

Adani Green Energy Q1 cash profit surges 48% to Rs 680 crore

AHMEDABAD: Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, on Tuesday said its cash profit surged by 48 per cent year-on-year to Rs 680 crore for the quarter ended June 30.

The Times of India

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Adani Group makes foray into industrial 5G segment

AHMEDABAD: Adani Data Networks Limited (ADNL), the digital connectivity solutions arm of the Adani Group, on Tuesday announced in its regulatory filing that it has acquired the right to use 400 MHz spectrum in the 26 GHz mm wave band.

The Times of India

Asia’s richest men prep for battle as Gautam Adani enters Mukesh Ambani’s turf

MUMBAI: In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next.

The Times of India

‘Arrest warrant’ against journalist for ‘defaming’ Adani Group

Freelance journalist Ravi Nair has alleged that he was served an arrest warrant for a criminal defamation case filed against him by the Adani Group in Gujarat without any prior summons or without being supplied a copy of the complaint or the warrant.

Newslaundry

Gautam Adani overtakes Bill Gates to become 4th richest in world

NEW DELHI: Adani Group chief Gautam Adani has become the 4th richest person in world by surpassing Microsoft co-founder Bill Gates.

The Times of India

Adani Data Networks, Reliance Jio, Bharti Airtel, Vodafone Idea submit applications to participate in the upcoming spectrum auctions

A total of 72,097.85 MHz of spectrum worth at least ₹4.3 lakh crore will be put on the block during the auctions, which are set to commence on July 26.

The Hindu

Maharashtra signs Rs 60,000 crore power MOU with Adani Group

MUMBAI: The state energy department signed a MoU for investments worth Rs 60,000 crore with Adani Group on Tuesday, which will bring 11,000 MW additional power to Maharashtra in five years. This will also generate 30,000 new jobs, said energy minister Nitin Raut.

The Times of India

Andhra Pradesh govt nod for Rs 15,000 crore green power projects

VIJAYAWADA: The State Investments Promotion Board (SIPB) of the state government headed by chief minister Y S Jagan Mohan Reddy had cleared the projects worth 15,000 crore in green energy.

The Times of India

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The Hindu

BJP govt. at Centre engaged in scientific corruption using industrialists, says Alagiri

BJP govt. is expanding its ambit of corruption, he says

The Hindu

Andhra Pradesh: SIPB clears Adani Group’s 3,700- MW green energy projects

It also gives its nod for establishing two garment manufacturing units and a shrimp processing unit, among others

The Hindu

India has really helped us during this crisis: Ranil Wickremesinghe

Sri Lanka’s new PM sounds surprisingly upbeat in possibly the toughest assignment of his long political career

The Times of India

Adani Group fastest in valuation growth at 88%, Mukesh Ambani-led RIL up 13.4%: Report

MUMBAI: The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday.

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The Times of India

Adani's $10.5 billion Holcim acquisition doubles India Inc's deal value in May: Report

MUMBAI: India Inc's deal value more than doubled to $19.1 billion across 190 transactions in May 2022, mainly helped by the $10.5-billion acquisition of global cement major Holcim by Adani Group, a report said on Monday.

The Times of India

51.8 acres in Kolkata tech hub for Adani hyperscale data centre

KOLKATA: Adani Enterprise Ltd, the flagship group of Adani Group, will set up a 'hyperscale data centre' at Bengal Silicon Valley in New Town, industries minister Partha Chatterjee announced on Monday. The state cabinet has okayed a proposal to allot 51.8 acres for the project.

The Hindu

U.P. to push India’s growth story: PM Modi

Adani to invest ₹70,000 crore in the State

The Times of India

Mukesh Ambani regains spot as Asia's richest, surpasses Gautam Adani

NEW DELHI: The battle between two of India's wealthiest businessmen for Asia's richest spot keeps getting interesting with one pitting the other continuously.

The Times of India

50 bigwigs to attend groundbreaking event in Lucknow

LUCKNOW: Nearly 50 industry bigwigs will be attending the third groundbreaking ceremony in Lucknow on June 3 when Prime Minister Narendra Modi will be the chief guest.

The Hindu

Gautam Adani calls global cooperation 'facade', pitches for self-reliant India

Gautam Adani said India needs to step up and strengthen self-reliance across all sectors — be it vaccinations, defence or semiconductors

The Hindu

A.P. signs pact with Adani Group for green energy projects

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