Adani Group

Adani, Google Join to Power India’s Clean Energy Future

Adani, Google Join to Power India’s Clean Energy Future

Adani Group and Google collaborated to advance the companies’ joint sustainability objectives and contribute to the growth of clean energy in India. Through the collaboration, Adani will be able to provide clean energy from a brand-new solar-wind hybrid project in Khavda, Gujarat, the site of the largest renewable energy plant in the world. According to…

Adani’s Ambitious $100 Billion Green Energy Vision

Adani’s Ambitious $100 Billion Green Energy Vision

In the ‘Infrastructure – the Catalyst for India’s Future’ event of Crisil, the chairman of Adani Group, Gautam Adani, made remarks about the 1991 reforms and the current governance of India. He further shared his plans to invest $100 billion in the energy transition in the coming decade.  Mr Adani mentioned at the conference, “The…

Adani Group Stock Takes A Nosedive On The Election Result Day

Adani Group Stock Takes A Nosedive On The Election Result Day

Adani Group stocks dropped up to 18% on the election result day, 4 June 2024. After substantial gains in the last few trading sessions, it’s a big shock for the group. This drop appears to be caused by the unwinding of speculative positions, as investors aim to either take profit or reduce exposure. The Adani…

Adani Group To Sell Adani Wilmar’s 43.97% Stake 

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…

Adani Group Stocks Rise By 19% After SC Panel’s Clean Chit

Adani Group Stocks Rise By 19% After SC Panel’s Clean Chit

On Monday, Adani Group Share price surged after getting a clean chit from the SC panel in the stock manipulation alleged by the Hindenburg. It was the best session for the Adani Group when all its listed firms added around $10 billion to their market valuation. Four months after the Hindenburg report, it is the…

SC Will Hear Pleas In Adani-Hindenburg Case Today

SC Will Hear Pleas In Adani-Hindenburg Case Today

The Supreme Court will hear the pleas seeking a probe into the Adani-Hindenburg case. As per rumours, the three-judge bench led by the Chief Justice Of India (CJI) will hear the different pleas. On Monday, the Supreme Court of India adjourned SEBI’s petition in which the capital market regulator sought a 6-month extension to conclude…

Adani Ports And SEZ To Pay $ 130 Million Of Debts

Adani Ports And SEZ To Pay $ 130 Million Of Debts

Adani Ports and Special Economic Zone combined to pay $ 130 million of its debt. The APSEZ company offered nearly $413 million worth had been tendered for early payment.  The company, APSEZ, announced a tender of up to $ 130 million of 3.375 per cent dollar-denominated bonds, set to mature in 2024. It also stated…

Adani Group’s Total Debt Surpasses 1% of Indian Economy

Adani Group’s Total Debt Surpasses 1% of Indian Economy

Gautam Adani’s troubles continue as the total debt of his companies surpasses 1% of the Indian Economy. After Hindenburg Research issued a staggering report that alleged Adani group in accounting fraud and stock manipulation, the stock price of Adani’s various companies kept stumbling. In between this, various economic forums find out the amount of debt…

Rupee Falls To 82.73/$: The Biggest Fall In Four Months

Rupee Falls To 82.73/$: The Biggest Fall In Four Months

A sharp fall in the Rupee was registered against the US Dollar, with the value stooping to 82.73/$. This is the lowest value registered as of September 2022. Due to the appreciation of the dollar value, not only the Rupee but other Asian currencies like the Korean Won and the Thai Bhat saw a steep…

Adani Group Plans To Trim Its Capital Spending Plan

Adani Group Plans To Trim Its Capital Spending Plan

The Adani Group is planning to trim its capital spending plans after pulling a Rs 20,000 crore equity fundraising plan last week, a news channel reported on Monday, citing people close to the development.  While providing more collateral in the form of stock pledges to lenders, the group may alter its capex (capital expenditure) plans…

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