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Searched Tag: gautam adani

BJP Dismisses Hindenburg Report as Attempt to Destabilise India.

BJP accuses Cong of using foreign reports to disrupt India

August 11, 2024, 04:27 PM - 2 min read

The recent allegations against SEBI Chairperson Madhabi Buch and her husband by the US short seller Hindenburg Research have sparked significant controversy in India.

Gandhi Siblings Tour Chooralmala After Wayanad Landslides.

Rahul, Priyanka visit Wayanad landslide area

August 1, 2024, 04:29 PM - 2 min read

Rahul Gandhi and Priyanka Gandhi visited the landslide-hit area of Chooralmala in Wayanad, Kerala. They were accompanied by KC Venugopal, Congress general secretary. The visit took place in the aftermath of two massive landslides that struck Mundakkai and Chooralmala on July 30, causing significant destruction, loss of lives, and injuries to hundreds.

Adani Pledges Rs 5 Crore to Support Kerala Landslide Victims.

Gautam Adani extends ₹5 crore aid for Wayanad relief

July 31, 2024, 06:17 PM - 2 min read

Gautam Adani, the Chairman and founder of the Adani Group, has extended his condolences to the families affected by the Wayanad landslide. In a gesture of solidarity, he announced a financial aid of Rs 5 crore to support relief efforts in Kerala. This announcement comes in the wake of a devastating landslide that claimed the lives of 158 people in the Meppadi area of Wayanad district following continuous heavy rainfall.

Adani group to develop 570 MW hydro plant in Bhutan, signs MoU

Adani to build 570 MW green hydro plant in Bhutan

June 17, 2024, 12:54 PM - 2 min read

Gautam Adani announced the Adani Group's agreement with Bhutan for a 570 MW green hydro plant and collaborative infrastructure initiatives during meetings with Bhutan's King and Prime Minister in Thimphu.

Adani becomes richest Asian, surpasses Ambani

June 2, 2024, 01:36 PM - 2 min read

Billionaire Gautam Adani has reclaimed the title of Asia's richest person, surpassing Mukesh Ambani, with a net worth of $111 billion, compared to Ambani's $109 billion.

Shares of Adani Enterprises Ltd, the flagship company of Gautam Adani’s group, have fully recovered the more than $30 billion in losses incurred after a short-seller report was released in early 2023.

Adani enterprises bounces back, gains $30 Billion

May 24, 2024, 12:20 PM - 2 min read

The stock rebounded as the conglomerate reduced its debt and secured major projects, helping it bounce back after US-based Hindenburg Research accused the group of widespread corporate malfeasance and share-price manipulation in January 2023.

Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of a majority stake in Odisha’s Gopalpur Port.

Adani ports shares surge following acquisition of majority stake in Odisha’s Gopalpur port

March 26, 2024, 11:57 AM - 2 min read

The flagship company of the Adani group is set to acquire a substantial 95 percent stake in Gopalpur Port. Gopalpur Port, situated between Paradip Port and Vizag Port, has been operational since 2015, primarily serving the country’s steel industry. The port handles a diverse range of dry bulk cargo, including coal, iron ore, limestone, and ilmenite. Connected to the Golden Quadrilateral via NH-516, Gopalpur Port boasts a capacity to handle around 20 million metric tonnes per annum (MMPTA) of cargo.

The United States has expanded its inquiry into India's Adani Group, focusing on its founder Gautam Adani, amid allegations of bribery, according to a Bloomberg News report on Friday.

US investigating Adani group and founder over alleged bribery: Bloomberg Report

March 16, 2024, 05:01 PM - 2 min read

Citing sources familiar with the matter, the report reveals that prosecutors are probing whether an Adani entity or individuals associated with the conglomerate, including Gautam Adani himself, engaged in payments to Indian officials to secure favorable treatment for an energy project.

Mahua Moitra's plea rejected by the Delhi HC. Image X.

Expelled TMC MP Mahua Moitra faces uphill battle as Delhi HC rejects plea

March 4, 2024, 04:21 PM - 2 min read

The Delhi High Court dealt a significant blow to expelled Trinamool Congress (TMC) MP Mahua Moitra's legal battle on Monday by dismissing her plea seeking to curb BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai from making defamatory remarks against her regarding the cash-for-query scam case.

Adani group's Billions bolster Defence sector, Unveils largest ammunition facilities

February 26, 2024, 07:34 PM - 2 min read

Adani Group made a significant announcement on Monday, inaugurating two colossal facilities for ammunition and missile production, positioning them as the largest in South Asia. With an investment exceeding Rs 3,000 crore and sprawling across 500 acres, Adani Defence & Aerospace aims to fortify its foothold in defence manufacturing.

The Adani Group is reportedly in discussions with global ride-sharing giant Uber to introduce electric passenger cars onto its platform

Adani Group in talks with Uber to introduce electric passenger cars: Report

February 26, 2024, 02:52 PM - 2 min read

The talks unfolded during a meeting held on February 24 between Gautam Adani, Chairman of the Adani Group, and Uber CEO Dara Khosrowshahi, who is currently visiting India. Sources suggest that the discussions encompassed the integration of Adani's electric cars into Uber's ride-hailing service, potentially under Adani One, the conglomerate's umbrella brand launched in 2022.