[ad_1] Adani group plans to invest more than Rs 1.2 lakh crore (about $14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, sources…
[ad_1] Some foreign companies are paring stakes in their Indian businesses, taking advantage of the nation’s booming equity market to raise cash.At least seven firms including US home appliance giant Whirlpool Corp and Singapore Telecommunications Ltd, have reduced holdings in their local units since June, data compiled by Bloomberg show. British American Tobacco Pl. said…
[ad_1] Adani Group began marketing a $409 million bond in what would be its first dollar note sale after a report last year by short seller Hindenburg Research, adding to signs of a rebound in investor confidence.The conglomerate’s solar energy unit Adani Green Energy Ltd and associated firms are offering the 18-year note at initial…
[ad_1] Billionaire Gautam Adaniwho is the founder and chairman of the Adani Groupalong with his wife Priti Adani has arrived in Jamnagar amid tight security to attend the pre-wedding festivities of Reliance Chairman Mukesh Ambani‘s youngest son Anant Ambani and industrialist Virus Merchant‘s daughter Radhika Merchant. Adani was seen arriving at the Jamnagar airport with…
[ad_1] Billionaire Gautam Adani’s conglomerate started two defense facilities in northern India this week at an investment of 30 billion rupees ($362 million), bolstering the country’s campaign to become self-reliant and promote local manufacturing. Built by Adani Defence & Aerospace, a closely held firm in the Adani Group, at Kanpur in the Uttar Pradesh state…
[ad_1] The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a…
[ad_1] AHMEDABAD: Adani Group-owned Adani Total Gas Limited on Monday announced it has signed a mutual support agreement, with Inox India Limited (INOXCVA), to partner for delivery of LNG and LCNG equipment and services.As part of the agreement, ATGL will get preferential treatment and access to advanced scheduling and consideration for joint opportunities to set…
[ad_1] AHMEDABAD: Adani Enterprises Limited, the flagship company of ports-to-power conglomerate Adani Group, on Thursday posted a 130% rise in its consolidated net profit during the third quarter of FY 2024. The company’s net profit stood at Rs 1,888.4 crore during the quarter as compared to Rs 820 crore in the year-ago period.Adani Enterprises’ shares…
[ad_1] AHMEDABAD: Adani Green Energy Limited, the renewable energy arm of ports to power conglomerate, Adani Group, on Monday posted a 148% rise in its consolidated net profit for the third quarter of FY 2024. Backed by improved capacity utilisation factor (CUF) and capacity additions, the company posted a robust growth in revenue, EBITDA and…
[ad_1] AHMEDABAD: Adani Group-owned cement major, ACC, on Thursday posted a 375% rise in its third quarter profits, backed by strong demand for construction materials as well as price hikes. The company posted Rs 527 crore profit after tax during the third quarter of FY 2023-24.Ajay Kapur, whole time director and CEO, ACC, said, “The…
