India’s Top Wealth Creators: Here’s the Key Contributor
India’s largest business groups added significant value despite market volatility. The major business groups that performed highly are Reliance, Tata, HDFC, Bharti, Bajaj, Adani, and ICICI. All these major groups together contribute around ₹10 lakh crore to their market value. The total value of these groups is ₹122 crore, representing 60% of the Nifty 50…
Sumit
Adani Defence to invest ₹10,000 Cr to Expand Manufacturing
Adani Group, led by Gautam Adani, and Adani Defence & Aerospace are planning to triple their investment over the next few years, initiating a massive increase across major ammunition and defence manufacturing segments, according to a company official. The group is all set to invest ₹10,000 crore across various defence and aerospace businesses over the…
Shipra Prajapati
Adani, L&T & Many Others Bid For Fifth-Gen Fighter Jet
The Defence Ministry of India received bids for the Advanced Multirole Combat Aircraft Programme from seven Indian companies to develop and produce next-generation fighter jets. All the leading manufacturers are vying for the opportunity to participate in this massive project. According to the insiders, Adani Defence, Tata Advanced Systems Ltd, HAI, Kalyani Strategic Systems, and…
Himanshu
First Hydrogen-Powered Truck Installed by Adani for Mining
The renowned Adani Group has installed India’s first Hydrogen-Powered Truck for mining Logistics at the Chhattisgarh Coal mine, which marks a major shift in sustainable mining and the adoption of green hydrogen. Adani Enterprise’s Hydrogen-Powered Truck is a milestone development in India’s logistics. It will benefit commercial mining operations and is crucial to decarbonising industrial…
abhinav singh
Adani Family Left Out of Hurun’s Top Family Businesses
Recently, Hurun released its report on India’s most valuable family businesses. According to Hurun’s list of the top 10 family businesses in India, these businesses have collectively amassed a total value of more than INR 60,00,000 crores. However, this list doesn’t include the name of multi-billionaire Gautam Adani’s business. This news sent a shockwave across…
Ultratech To Invest INR 3,900+ Crores In India Cement
In recent events, India’s largest cement builder, Ultratech, has set a deal with India Cement to buy the shares of its promoters and their associates for INR 3,954 crore. In the deal, Ultratech will buy out a 32.72% stake in India Cements which will add to their initial holding of 22.77%. Further, the company also…
Vipin
Ambani’s RIL Acquires Adani Power Subsidiary Shares
Reliance Industries Limited and Adani Power have announced an unexpected twist that could significantly impact the energy sector. India’s wealthiest business tycoon, Ambani, has revealed the acquisition of Mahan Energen, a subsidiary of Adani Power. RIL mentioned that they will buy a 26% stake worth ₹50 crore in the 600 MW unit of Mahan Energen’s…
Inside the Hedge Fund’s Dark Scheme Against Adani
In light of recent events, SEBI (Security Exchange Board of India) released a shocking revelation regarding the Hindenburg report on Adani Entreprises. In its report, the regulator mentioned that the US-based research firm Hindenburg made a profit-sharing deal with Kingdon Capital Management LLC to share research reports before making them public. Ultimately, this resulted in…
Adani’s Mundra Port Ships 16.1 MNT Cargo, Sets Record
India’s biggest port, Adani’s Mundra Port, has created history by shipping more than 16 MNT cargo in the month of October. Mundra Port is India’s biggest port and it’s a flagship port of Adani Ports and Special Economic Zone Ltd.(APSEZ). In a statement, APSEZ said that the Mundra port has shipped more than 100 MNT…
John David
Adani Group To Sell Adani Wilmar’s 43.97% Stake
Adani group has made a big announcement, where it said that it will be selling its entire stakes in the food and beverage company Adani Wilmar. Adani Group has a 43.96% stake in the company, which is said to be finalised by next month. According to a report by the Economic Times, the conglomerate aims…
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