Tag Archives: Adani Group

NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as “baseless and mischievous”.“Further, we are not aware of any investigation by US authorities on this subject. The WSJ’s story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group entities are knowingly in contravention …

NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, is set to re-enter the domestic bond market after a 17-month break, with plans to launch its biggest-ever rupee-denominated debt issue, according to three merchant bankers on Wednesday.The company aims to secure up to 50 billion rupees ($583.57 million) through 15-year bonds, with bids invited from …

Gautam Adani (File photo) Billionaire Gautam Adani’s official representatives have reportedly met with US President Donald Trump‘s administration officials. According to a Bloomberg News report, the aim of the meeting was to look at a dismissal of criminal charges against Gautam Adani in the foreign bribery investigation.The discussions, which commenced in early 2025, have intensified in recent weeks, with potential …

THIRUVANANTHAPURAM: The flagship of the Adani Group, Adani Ports & SEZ, is transforming into a transport utility player, with a presence in every aspect of the business and not limited to the traditional ports segment, said managing director Karan Adani.“We don’t want to be limited to just being a port player. Our focus is on the entire logistics chain for …

Adani Enterprises post record profit Adani Enterprises, the flagship company of the Adani Group led by Gautam Adani, reported a sharp 752 per cent year-on-year rise in consolidated net profit for the quarter ended March 2025, reaching Rs 3,845 crore, compared to Rs 451 crore in the same period last year, primarily driven by an exceptional gain of Rs 3,286 …

Ambuja Cements, part of the Adani Group, posted its highest-ever annual profit after tax (PAT) of Rs 5,158 crore, marking a 9% year-on-year rise. The cement maker also clocked in a record annual revenue of Rs 35,045 crore for the financial year ended March 31, 2025, up 6% from the previous year.Ambuja’s quarterly performance was equally strong. For Q4 FY25, …

Representative Image (Danny generated IA Image) MUMBAI: Billionaire industrialist Gautam Adani intends to shift the ownership of an Australian port terminal to his publicly listed enterprise for $2 billion. The transaction involves Adani Ports issuing preferential shares to Carmichael Rail and Port Singapore Holdings, an entity under the Adani family’s control.The preferential share issuance will result in Carmichael Rail acquiring …

Greenfield corridor (File photo) The Bihar government is gearing up to establish special industrial zones across the state, riding high on the success of the Bihar Business Connect 2024 summit, where investment proposals worth Rs 1.81 lakh crore were received. According to Industries Secretary Bandana Preyashi, these zones will be strategically developed under the state’s upcoming industrial policy, which is …

NEW DELHI: Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the $750-million private bond issuance by the Adani Group.The US-based asset manager, overseeing $12 trillion in assets, has taken on one-third of the $750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the matter said.This investment comes at …

The Tata Group suffered considerably, with its market capitalisation decreasing by ₹2.08 lakh crore in April. (AI image) Indian stock market indices, BSE Sensex and Nifty50, plunged sharply in trade on Monday as global fears on the impact of Donald Trump administration’s reciprocal tariffs sent shockwaves in world markets. Indian equity markets crashed in April, with investors losing Rs 24 …