Indian Oiltanking Signed Agreement With Adani Ports
On Wednesday, Adani Ports and the Special Economic Zone Ltd. (APSEZ) announced that it acquired a 49.38% stake in Indian Oiltanking for Rs 1,050 crore. APSEZ, a flagship transportation sector of the Adani group, is India’s largest private ports and logistics company. Under the agreement, Adani Ports will also obtain an additional 10% equity stake…
Aman Goyal
Adani Group Would Invest $150 Bn To Generate Green Energy
Currently, the Gautam Adani Group is trending as the richest business all over the country. The Adani Group is willing to invest an amount of USD 150 billion all across its businesses. The Adani Group would convert a wide range of their business to work on green energy, such as using renewable resources in data…
Adani Group Acquires One Of India’s Biggest Aviation Company
On Tuesday, the multibillion-dollar Adani Group announced that it would acquire Air Works, one of India’s largest and most diverse aircraft Maintenance, Repair, and Overhaul (MRO) companies, as part of its expanding defence portfolio. Adani Defence Systems and Technologies Ltd (ADSTL) announced the signing of a merger agreement to acquire Air Works, which has one…
Yash Sharma
Gautam Adani Now The World’s Third Richest Person
Gautam Adani, Asia’s richest person, has become the world’s third richest man. With a whopping $ 137.4 billion fortune, Gautam Adani has taken over France’s businessman Bernard Arnault and now trails Elon Musk and Jeff Bezos of the US in the ranking. It is the first time an Asian has broken into the top three…
Shipra Prajapati
Adani Group To Acquire 29.18% Stake In NDTV, 26% In Line
Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control the majority of stake in a popular news channel New Delhi Television (NDTV). Hours after the announcement, NDTV issued a statement that the Adani Group’s move “was executed without any input from, conversation with, or consent of the NDTV founders. According to Adani…
Gautam Adani Bought Israel’s Haifa Port For Rs 9422 Crore
Asia’s richest man, Gautam Adani, wins control of Israel’s Haifa Port for Rs. 9422 Crores. A remarkable meeting of the I2U2 group of countries, including India, Israel, the United Arab Emirates and the United States, took place last week. US President – Joe Biden, Israeli PM -Yair Lapid, UAE’s Ruler -Mohammed Bin Zayed and Indian…
Abdullah Ansari
Adani Group Enters 5G Spectrum, Reliance Jio, and Bharti Airtel In Competition
Billionaire Gautam Adani’s group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres. …
Adani, TotalEnergies Joins Hands To Invest In Green Hydrogen
Adani New Industry Ltd (ANIL) teamed up with TotalEnergies to invest $50 billion in green hydrogen, the deal was announced on Tuesday. French giant TotalEngeries will buy a quarter of the equity in ANIL, part of Adani’s eponymous group. The company will invest a set amount for a period of over ten years. With this…
Adani Becomes India’s Second-largest Cement Producer
Asia’s richest person, Adani, became the second-largest cement producer in the country after acquiring 63.19% of Ambuja Cements Ltd. and its subsidiary ACC in Fierce bidding with local companies. Adani acquired a controlling stake in Holcim AG’s cement business for a $10.5 billion deal, said Adani group on Sunday. With this, the Adani group became…
Vipin
Adani With 54 Others Interested To Acquire Reliance Capital
Fifty-four companies, including Adani Finserve, ICICI Lombard, Tata AIG, Nippon Life Insurance, and HDFC Ergo, have shown their interest in acquiring debt-ridden Reliance Company Group, according to the sources. Other bidders are Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, Blackstone Brookfield, KKR, TPG, Oak Tree Capital, Piramal Finance, and Poonawala Finance. The last date of…
