The Adani-Hindenburg saga has intensified as the U.S. short seller, Hindenburg Research, claimed that Swiss authorities had frozen over $310 million in six bank accounts tied to the Adani Group, …
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Adani group
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Israel’s Tower-Adani Joint Venture to Establish $10 Billion Semiconductor Facility in Maharashtra, Announces Fadnavis
by admin
A committee of the Maharashtra Cabinet approved a significant investment proposal on Thursday, totaling Rs 83,947 crore ($10 billion) for the Tower-Adani Joint Venture. This venture, a collaboration between Tower …
Business
The Adani Group has sold a stake worth Rs 4,200 crore in Ambuja Cements, leading to a 4% increase in the stock price.
by admin
Gautam Adani’s conglomerate, the Adani Group, has executed a significant financial maneuver by selling a 2.8% stake in Ambuja Cements for approximately Rs 4,200 crore. This transaction, conducted through a …
Business
Hindenburg Report: Rs 41,814 Crore in Mutual Fund Investments Tied to 10 Adani Group Companies
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Among the 10 Adani group companies, Adani Ports and SEZ has the largest mutual fund exposure at Rs 13,024 crore, followed by Ambuja Cements with Rs 8,999 crore, ACC at …
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SEBI Issues ‘Show Cause’ Notice to Hindenburg Research Over Adani Group Report, Short-Seller Responds
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The US-based short seller disclosed that the notice cited suspected violations of Indian regulations and accused the short seller of misleading readers. In a significant development within the financial regulatory …
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Adani Group to Invest $1 Billion in Sri Lanka: A Strategic Move in Regional Development
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Colombo, Sri Lanka – The Adani Group, an Indian multinational conglomerate, has announced a significant investment of $1 billion in Sri Lanka, marking a crucial step in the group’s expansion …
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Adani Group’s FY24 profit surges by 55%, surpassing Rs 30,000 crore; Jefferies favors 3 stocks.
by smtfin
Adani Group Stocks: Post Hindenburg crisis, FY24 profit surges by 55% to Rs 30,768 crore. Jefferies favors Adani Enterprises, Adani Ports, and Adani Energy Solutions, highlighting strong EBITDA growth and …
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Adani Group reportedly set to venture into UPI, digital payments, and credit card services.
by smtfin
The report claimed that Adani Group will activate services on their consumer app, Adani One, launched in 2022, upon finalization of these developments. Reportedly, Gautam Adani-led Adani Group could venture …
Business
The Adani group intends to invest ₹60,000 crores into airport business over the course of the next decade
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The Adani Group plans to expand its airport capacity to 2.5-3 times its current level by 2040. They currently operate seven airports, with one more under construction.