The Adani Group intends to invest Rs 1.3 trillion in FY25 to bolster capacity, with Adani Green Energy allocating Rs 34,000 crore for its facilities in Khavda, Gujarat, according to Jugeshinder ‘Robbie’ Singh, the group’s chief financial officer, speaking in Ahmedabad on Tuesday. Singh highlighted that the majority of these investments will focus on the…
Paytm shares faced pressure as three block trades, totaling up to 1.1 percent of equity or approximately 72.5 lakh shares, were reportedly transacted, according to a Bloomberg report. The identities of buyers or sellers were not immediately disclosed. One 97 Communications’ shares experienced a decline with significantly higher trading volumes, exceeding 3.2 times the three-month…
Adani Group stocks shot higher on Monday, with the majority reaching their 52-week highs. This was in response to the general upbeat mood of the Indian markets, which was heightened by exit polls that showed the government led by Prime Minister Narendra Modi winning handily with a sizable majority for the third time in a…
Adani Enterprises shares: Thanks to a robust 12 percent surge in Adani Enterprises Ltd shares over the past month, the flagship company of the Adani group has completely recovered from the losses incurred following the critical report by Hindenburg Research on January 24, 2023. On Friday, Adani Enterprises rose by 1.91 percent, reaching a peak…
Adani Enterprises stock: As part of the semi-annual rebalancing process for BSE indices, Adani Enterprises Ltd is anticipated to take the place of Wipro in the benchmark Sensex. This Friday, May 24, is probably when the official announcement will be made. And on June 21, there will be an adjustment. Any firm led by Gautam…
The Adani Group is embroiled in a new controversy, with the Organized Crime and Corruption Reporting Project (OCCRP) alleging that the company misrepresented low-quality coal as a much more expensive cleaner fuel in dealings with an Indian state power utility. The company faces additional charges, and a report published in the Financial Times on Wednesday…
Adani Power shares: During early trading today, shares of Adani Power surged to a new all-time high, buoyed by a rally in the benchmark indices. The stock of the Adani Group saw a notable 3.21% increase, reaching Rs 647.80 compared to the previous day’s close of Rs 627.65 on the BSE. This propelled the firm’s…
Gautam Adani stated We are proud to be India’s first das Hazari in the renewables space. With an operating portfolio of 10,934 megawatts (MW), Adani Green Energy is the first company in India to achieve the milestone of 10,000 MW of renewable energy. Gautam Adani responded to the news by expressing his pride in AGEL…
Ambani Adani’s Mahan Energen: Last week, two of India’s biggest conglomerates, Reliance Industries and the Adani Group’s power business, forged an agreement. This deal entails Reliance Industries (RIL) acquiring a 26 percent stake in Mahan Energen Limited (MEL), a subsidiary of Adani Power based in Madhya Pradesh. While the investment amount of Rs 50 crore…
US probes Adani Group: As reported by Bloomberg, US prosecutors have heightened their scrutiny of India’s Adani Group, concentrating on potential bribery and the actions of billionaire founder Gautam Adani, according to informed sources. The inquiry, spearheaded by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit…
