Tag: adani

Ambuja Cements recorded a 30.54% fall in net profit (Reuters)
Posted in Business

Ambuja Cements Q1 2024-25 results: Net profit falls 30.45%, revenue down 4.6%

Ambuja Cements Ltd has released its first quarter results for the financial year 2024-25 on Wednesday, July 31, 2024. Ambuja Cements recorded a 30.54% fall…

Continue Reading
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. (Amit Dave/reuters)
Posted in Business

Adani Energy Solutions ₹6,000 crore QIP launched, floor price at ₹1,027 per share

Adani Energy Solutions Ltd has launched launched a Qualified Institutional Placement (QIP) on July 30, 2024, to raise ₹6,000 crore. The logo of the Adani…

Continue Reading
Adani Total Gas posts rising revenue and net profit for the first quarter of 2024-25 (Reuters)
Posted in Business

Adani Total Gas Q1 results: Net profit rises 14.39%, revenue up 9.13%, total expenses up 7.49%

Jul 29, 2024 05:20 PM IST Adani Total Gas sees its net profit rising 14.39%, revenue growing 9.13%, and expenses up by 7.49% Adani Total…

Continue Reading
SEBI also said an interim report has been approved by the competent authority with respect to trading in Adani group stocks in pre and post-release of the Hindenburg report.(Mint File)
Posted in Business

’22 out of 24 matters probed’: SEBI submits status report to SC in Adani case | Latest News India

Capital markets regulator SEBI on Friday informed the Supreme Court that it has completed the probe in all but two allegations against the Adani group…

Continue Reading
Art teacher Sagar Kambli gives final touches to a painting of Gautam Adani highlighting the ongoing crisis of the Adani group.
Posted in Business

Spotlight at Adani after Deloitte quits as auditor: ‘Has it resigned because…?’

The resignation of Deloitte Haskins & Sells as auditor of the Adani Ports has brought fresh scrutiny of the financial management at the conglomerate led…

Continue Reading
The Adani Group has previously said it’s compliant with Indian laws and welcomes Sebi’s investigation.(Reuters)
Posted in Business

Adani Ports auditor Deloitte to resign after flagging concerns

The auditor of billionaire Gautam Adani’s ports business is planning to resign, people familiar with the matter said, a move that may heighten concerns about…

Continue Reading
The deal is the billionaire Gautam Adani-led conglomerate's first major acquisition this year after a report by short-seller Hindenburg Research in January slammed the group shares and led to investigations into the group. (Representative)(REUTERS)
Posted in Business

Adani-owned Ambuja Cements buys majority stake in Sanghi Industries for ₹50 bn

India’s Ambuja Cements said on Thursday it has bought a 56.74% stake in smaller rival Sanghi Industries at an enterprise value of 50 billion rupees…

Continue Reading
Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated basis in the coming years. (In picture: Adani Group Chairman Gautam Adani) (PTI)
Posted in Business

Adani group eyes robust growth, shares ₹90,000 crore EBITDA target for 2-3 years

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach ₹90,000 crore EBITDA in 2-3 years on the back…

Continue Reading
Adani Ports & Special Economic Zone Ltd.’s acquisition of 75% of Krishnapatnam Ports closed in October 2020; Adani Green Energy Ltd.’s solar joint venture with TotalEnergies SE kicked off the same year. (MINT_PRINT)
Posted in Business

Bloomberg Opinion: Why doesn’t Adani disclose potential conflicts?

It is no secret that most Indian firms starting off as family-run businesses never outgrow their past. Even after they become large and go public,…

Continue Reading
Adani Green Energy Ltd., Adani Transmission Ltd., Adani Total Gas Ltd., and Adani Power Ltd. rose by their 5% daily limit while Adani Wilmar Ltd. surged by its 10% daily limit. (Reuters)
Posted in Business

Adani stocks surge, head for best day since Hindenburg’s report

Adani Group shares surged on Monday, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged…

Continue Reading