[ad_1] Controversy erupted after the Ayodhya Development Authority (ADA) denotified the land for Army training, allegedly after it was purchased by several high-profile people including Adani Group, Baba Ramdev and Sri Sri Ravishankar. Divisional Commissioner Ayodhya told The Hindu that the denotified land had never belonged to the Army and the government is set to…
[ad_1] MUMBAI: Adani Group chairman Gautam Adani, 62, plans to step down from the infrastructure conglomerate he founded in 1988 at the age of 70 and transfer control to his two sons and two nephews in the early 2030s, according to a Bloomberg News report. However, challenges of a four-way leadership structure, political scrutiny, legal…
[ad_1] Gautam Adani, the 62-year-old chairman of Adani Group, has revealed his plans to retire at the age of 70 and transfer control to his sons and their cousins in the early 2030s, according to an interview with Bloomberg News quoted by Reuters. Gautam Adani emphasized the importance of succession for business sustainability, saying, “I…
[ad_1] NEW DELHI: Ambuja Cements Ltd (ACL) reported that its consolidated net profit for the first quarter ended June 2024 declined to Rs 789.63 crore from Rs 1,135.46 crore in the same period of the previous fiscal year, as per a regulatory filing.The revenue from operations for the June quarter stood at Rs 8,311.48 crore,…
[ad_1] Battle lines are being drawn in India’s cement space as Gautam Adani’s expansion spree sets off a race with fellow billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd to build capacity and snap up assets.The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that…
[ad_1] AHMEDABAD: Sirius Digitech Limited, a joint venture company of Adani Group and Sirius International Holding (Sirius), on Tuesday announced the acquisition of CoreEdge.io Private Limited, a AI and cloud platform company.Coredge.io is a sovereign AI and cloud platform company offering secure, scalable, and compliant cloud solutions to government and enterprise clients.Founded as a bootstrap…
[ad_1] THIRUVANANTHAPURAM: Adani Ports is set to go bullish on investing in the Vizhinjam International Seaport project to speed up its three-phase development. The deadline to complete phases 2 and 3 of the project has been set for 2028, far ahead of the original deadline of 2045.The first phase of the port, which is set…
[ad_1] Gautam Adani, one of the world’s wealthiest individuals, is planning to venture into shipbuilding at the Adani Group‘s primary port in Mundra, which is also India’s largest port. This decision comes as leading shipyards in countries such as China, South Korea, and Japan are fully booked until at least 2028, compelling global fleet owners…
[ad_1] It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.But it turns out the US short-seller’s gains from the saga were tiny by comparison — just over $4 million.That figure, which hasn’t been independently confirmed by Bloomberg…
[ad_1] Hindenburg Research called out the Securities and Exchange Board of India(Sebi) for failing to address the fraud it alleged in a short-selling report on the Adani Group early last year, after receiving a notice from the regulator in June.The US shortseller received a notice from India’s markets regulator Sebi in June saying the company’s…
