Adani Group

The Adani group has said it would finance the Colombo West International Terminal redevelopment project through its internal resources and capital management plan

Several opposition MPs on Wednesday greeted their BJP counterparts in Parliament premises with the tricolour in one hand and a red rose in the other, as they urged the ruling party to ensure that the House functions and all issues,including the Adani matter, is discussed. This is the latest in a series of unusual daily demonstrations led by the Congress over the Adani issue. Congress general secretary Priyanka Gandhi Vadra, MPs from the Congress, DMK, Jharkhand Mukti Morcha (JMM) and the Left parties, among others, stood in front of the Makar Dwar steps with most of them carrying a small tricolour card and a red rose. The MPs said they want to present this to their BJP counterparts and urge them to ensure that the House functions and all issues ,including the Adani matter, is discussed. Many MPs also carried placards with slogans 'Don't let the country be sold'. This comes a day after MPs carried dark blue 'jholas' with caricatures of Prime Minister Narendra Modi and industrialis

Amid continued disruptions in Parliament, the Congress on Wednesday asked the government to allow both the houses to function and not run away from a discussion on the Adani issue. "Dear Modi Government, On behalf of the people of India, we humbly request you to not further sell our country, and allow the Parliament to run - don't run away from discussion. Enough is enough!," AICC general secretary, organisation, K C Venugopal said in a post on X. Parliament proceedings were washed out in the first week of the winter session starting November 25 due to protests by opposition members demanding discussion on issues like the indictment of industrialist Gautam Adani in a US court and Sambhal violence. Since last week, the ruling BJP MPs have been raising the issue of alleged nexus between Soros and the Congress posing a threat to national security. Congress general secretary, communications, Jairam Ramesh said his colleague Gaurav Gogoi has written to the Lok Sabha Speaker to ensure th

While concentration in the Indian economy has declined, large family business groups have strengthened their position and continue to wield significant pricing power

Given its sheer size, RIL has remained the top wealth creator on an absolute basis during 11 out of the last 17 five-year study periods

The Adani plant, which accounts for about a 10th of Bangladesh's power consumption, has already racked up as much as $790 million of dues as of the end of September

Congress leader Pawan Khera claimed that the BJP was not talking about the Adani issue because it had 'everything to hide'

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

The notification to allow continued petroleum imports at Krishnapatnam Port had a positive impact on the shares of Adani Ports, which gained over 1 per cent intraday on the Bombay Stock Exchange

As part of its investments, it plans to set up four new cement plants to build additional capacity of 6 million tonnes per annum

The Japanese firm also sees 'minimal risk' of termination of 8 gigawatt (GW) Solar Energy Corporation of India (SECI) solar manufacturing-linked projects

Stocks to Watch, Dec 9: Here is a list of stocks from Adani group shares to GCPL that will remain in focus today

Kerala is not averse to discussing any new project with the Adani group and will do so only if there is a "win-win" situation which benefits the people of the state as well, a senior state minister has said. However, the southern state is not keen to have any big industries which will cause pollution and ecological damage, P Rajeev, the Minister of Law, Industries and Coir, told PTI. The comments from the minister come even as there seems to be some unease among southern states when it comes to dealing with the Adani group, especially after the second richest Indian Gautam Adani and others faced charges of bribing officials to secure contracts. Rajeev said Kerala has a big investment from the Adani group in the Vizhinjam Seaport near its capital Thiruvananthapuram and added that the current government decided to go ahead with the project signed by the predecessors only because the benefits accrued to the state and its people through the ambitious transshipment port. He also clarifi

Adani Group's solar power contract, which is at the centre of bribery allegations, has tariffs that are lower than competition and can find new buyers in case the pact is cancelled, according to analysts. US authorities have charged Adani Group Founder-Chairman Gautam Adani and others for being part of a scheme to offer USD 265 million bribe to Indian officials to gain a contract to supply 8 gigawatt of electricity generated from solar energy by Adani Green Energy Ltd (AGEL). The group has denied all charges. "If Adani promoters are found guilty, we believe the size of potential penalty is manageable given it is up to three times the value of the bribe," Nomura said in a report. The brokerage said there are about 1.8 GW solar projects commissioned in Gujarat from February-March 2024, with tariff of Rs 2.42 per unit under the 25-year power purchase agreements (PPAs). These operational projects are running under 5 special purpose vehicles, namely Adani Green Energy Twenty Four A Ltd

Global brokerage gives 'overweight' rating to four Adani Group bonds, but sounds a note of caution on a bond issued by Adani Green Energy

Congress has used OCCRP articles on Adani Group to criticise Prime Minister Narendra Modi, alleges BJP

US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd. JP Morgan gives three kinds of ratings for bonds - 'Overweight' rating which falls into a buy rating category; Neutral rating which falls into a hold rating category; and 'Underweight' which rating falls into a sell rating category. Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges, successful refinancing of the upcoming ...

Opposition MPs wore jackets symbolising their protest over the Adani issue which mentioned: 'Modi Adani Ek Hai, Adani safe hai'

A swift response from the Indian regulatory system will be crucial to prevent delays in India's strategic progress

Adani Defence and Aerospace has delivered a second Drishti-10 Starliner surveillance drone to the Indian Navy, boosting India's maritime forces' capabilities to monitor shipping lines and mitigate piracy risks. Following the handover of the first Drishti-10 to the Indian Navy earlier this year, the induction of the second unmanned aerial vehicles (UAV), a version of the Israel's Hermes 900 medium-altitude long-endurance UAV, into naval maritime operations was initiated at Porbandar in Gujarat, sources aware of the matter said. Drishti 10 Starliner drone, manufactured by Adani Defence and Aerospace, a part of the conglomerate helmed by billionaire Gautam Adani, at its Hyderabad facility, is an advanced intelligence, surveillance, and reconnaissance (ISR) platform with 36 hours endurance and 450 kg payload capacity. The only all-weather military platform, with NATO's STANAG 4671 (standardized agreement 4671) certification for the UAV system's airworthiness, is cleared to fly in both .