Shares of Adani Group companies are likely to remain on traders’ radars Monday amid a slew of announcements related to the group. In the week gone by, Adani Group companies shares had a mixed performance. While Adani Enterprises and Adani Ports & SEZ rallied, Adani Total Gas and Adani Transmission plunged over 6% and 3%, ...

Life Insurance Corporation of India (LIC), a government-owned firm that is India’s largest insurance company, is moving towards limiting its debt and equity exposure to companies. This comes after LIC, the most trusted name in India’s insurance industry, was harshly criticized for having invested roughly 1% of its $508 billion in assets under management in ...

Reversing their selling trend, foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, ...

Shares of Adani Green Energy, Adani Transmission, and Adani Total Gas surged to hit the upper circuit level of 5% on the BSE in Friday’s opening trading session whereas the conglomerate’s flagship company Adani Enterprises fell along with Adani Ports and Special Economic Zone (APSEZ), Adani Wilmar and Adani Power which also declined. Shares of ...

Abbott, who had in 2015 as the Prime Minister of Australia decried a court ruling against Adani Group’s Carmichael coal mine project, said the relevant regulators will “do their job” regarding any allegation of wrongdoing by the apples-to-airport conglomerate. PTI Updated Mar 2, 2023 | 08:50 PM IST Former Australia PM Tony Abbott backs Adani ...

Shares of Adani Power rose after five straight sessions of losses today even as the Adani  Group firm’s planned Rs 7,017 crore acquisition of DB Power did not fructify on lapsing of the deadline to complete the transaction. The company said that the long-stop date under the Memorandum of Understanding (MoU) has expired.   Shrugging ...

05:04 PM Amid a report that the ports-to-edible oil conglomerate has scaled down its ambitious plans, Adani Group on Monday said its business plan is fully funded and that its portfolio will deliver superior returns to shareholders. “Balance sheet of each of our impendent portfolio companies is very healthy. We have industry-leading development capabilities, strong ...

Topline India’s Adani Group has hired New York-based law firm Wachtell, Lipton, Rosen & Katz to take on allegations against it raised by short-seller Hindenburg Research, the Financial Times reported, as the shares of the group’s listed firms continued to take a beating on the Indian stock market on Friday. touches to a painting of ...

Gautam Adani speaks at the World Congress of Accountants in Mumbai on November 19, 2022. INDRANIL MUKHERJEE / AFP Gautam Adani has won a vote of confidence from a $400 million investment by International Holding Co. (IHC)—an Abu Dhabi-based conglomerate controlled by a key member of the United Arab Emirates’ royal family—into Adani Enterprises. The ...

Adani Group Chairman, Gautam Adani addresses the media in Ahmedabad on July 21, 2009. Adani spoke about “Adani Power Limited IPO” which opens on July 28. AFP PHOTO/ Sam PANTHAKY AFP via Getty Images Global investment banks have cashed in on the Adani Group’s voracious appetite for debt. Now their client is accused of pulling ...