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The Latest Breaking News from Karan Adani

Karan Adani settles PMC Projects case with Sebi by paying Rs 13.65 lakh

The settlement relates to an investigation into banking transactions and inter-corporate security deposits involving PMC Projects (India) Private Limited, Adani Ports and Special Economic Zone Ltd (APSEZ), and the port operator's subsidiaries.

The Economic Times

Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit

Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium…

The Economic Times

India can become net aluminium exporter with competitive production, says Karan Adani

India can become a major aluminium exporter if production costs are competitive, according to Karan Adani. Despite existing capacity, the nation imports the metal, indicating strong domestic demand. Adani Group plans a massive integrated aluminium project in Odisha, committing $11.5 billion to establish a refinery, smelter, and downstream park, aiming…

The Economic Times

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Adani Enterprises, Odisha govt sign pact for Rs 1.08 lakh crore aluminium plant with IHC

Adani Enterprises is set to invest a massive Rs 1.08 lakh crore in Odisha for a new greenfield aluminium project, in partnership with Abu Dhabi's IHC. This significant venture aims to boost India's aluminium production by nearly 50%, featuring a large-scale refinery, smelter, and downstream park. The project, supported by…

The Economic Times

Adani Enterprises: A high-risk, high-reward bet that is not for the faint-hearted: Sudip Bandyopadhyay

Adani Group is set to invest $15-20 billion over the next five years, focusing on expanding its ports to handle 1 billion tonnes, boosting power capacity to 45 GW including nuclear, and developing data centres and airports. Chairman Gautam Adani highlighted the group's confidence in India's infrastructure growth, aiming for…

The Economic Times

Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capex

Ambuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Capital expenditure for FY27 is set at Rs 6,000-6,500 crore. Ambuja Cements aims to reach 119 million tonnes capacity by FY27. The focus is on streamlining operations and margin expansion.

The Economic Times

Adani Ports Aims To Challenge China's Seaport Dominance

Adani Ports CEO Karan Adani leads efforts to boost India's global trade presence amidst concerns about China's influence.

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Gautam Adani's post for his granddaughter is so heartwarming

A picture from Gautam Adani's social media account is going viral over social media. In the picture, we see a happy grandfather holding his youngest granddaughter with all joy and happiness.

The Times of India

Adani Group keen on investing in Telangana

Adani Group keen to invest in Telangana, Chief Minister A. Revanth Reddy welcomes investment plans.

The Hindu

US invests $553 million in Gautam Adani’s Sri Lanka port to curb China’s influence

NEW DELHI: The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.

The Times of India

Eight more ships to call at Vizhinjam soon

Eight ships to call at Vizhinjam Int'l Seaport with cranes. CM Pinarayi Vijayan hopes project will be commissioned in 5-6 months. ZPMC to deliver 8 RMQC & 24 RMGC. Zhen Hua 24 to arrive Nov 15. Zhen Hua 15 to leave for China Oct 21 after unloading cranes. Karan Adani…

The Hindu

With berthing of first ship, Vizhinjam sails into Kerala’s maritime history

With just two short blasts of faint sirens, Zhen Hua 15, the first ship to call at the Vizhinjam International Seaport, scripted a new chapter in the maritime history of Kerala on Sunday.

The Hindu

Affidavit in SC points to SEBI ‘conflict of interest’ in Adani probe, ex-chairman in NDTV

A new affidavit in the Supreme Court has accused market regulator SEBI of conflict of interest in its probe against the Adani Group. The affidavit has also named UK Sinha, who served as chairman at the regulatory body between 2011 and 2017, and was appointed as non-executive chairperson of NDTV…

Newslaundry

Billionaires Mukesh Ambani and Gautam Adani plan to build 25GW of clean energy in Andhra Pradesh

Conglomerates run by billionaires Mukesh Ambani and Gautam Adani said they will develop a combined 25 gigawatts of renewable power in Andhra Pradesh, as the fossil fuels-led groups continue to plow ahead with their green energy goals.

The Times of India

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The Times of India

Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

MUMBAI: Benchmark equity indices sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI monetary policy.

The Hindu

Vizhinjam port: Minister meets Karan Adani

According to the operational calendar prepared earlier, the first ship will call at Vizhinjam in March 2023

Asharq Al-Awsat

Israel to Sell Haifa Port to India’s Adani Ports, Gadot Group for $1.2 Billion

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Gadot and Adani made it to the end of a two-year tender process…

The Hindu

Bengal government holds meeting on proposed Tajpur port with Adani group official

“Discussions were held on extending the last date for the tender submission”

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