Adani Group

November 29, 2024 5:22 PM

“No request from US on Adani case,” says MEA on alleged bribery allegations

The Ministry of External Affairs (MEA) clarified on Friday that India has not received any request from the United States regarding the alleged bribery case involving top executives of the Adani Group. Spokesperson for the MEA, Randhir Jaiswal, addressed the media during the weekly press briefing, stating that the allegations against the Adani Group’s executives were a legal matter involving private firms and individuals, as well as the US Department of Justice. Jaiswal explained that establ...

November 28, 2024 4:58 PM

Global sovereign funds, top investors reaffirm support for Adani group

Abu Dhabi's International Holding Company (IHC) on Thursday said its outlook on investments in the Adani Group remains unchanged despite the US indictment of some of the conglomerate's officials. In a statement, IHC, which is one of the largest sovereign funds managing assets worth $100 billion, said, "Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors." “As with all our investments, our team continues to evaluat...

August 28, 2024 9:25 PM

Adani Group to invest Rs 3,500 crore in Madhya Pradesh for cement and propellant units

The Adani Group is set to invest Rs 3,500 crore in Madhya Pradesh with the establishment of two major production units. Karan Adani, CEO of Adani Ports and SEZ Limited, announced the company's plan to build a 2 million tonne per annum cement grinding unit in Guna. Additionally, the group will develop a cutting-edge propellant production facility in Shivpuri, which aligns with India's mission to become a self-reliant defence exporter. These projects are expected to generate over 3,500 direct and...

May 31, 2024 6:21 PM

Sensex, Nifty end with marginal gain; Adani Group stocks soar nearly 10 percent

The BSE Sensex and Nifty concluded the trading week on a positive note, breaking a five-day losing streak with both benchmark indices registering marginal gains. The Sensex gained 75.71 points, closing at 73,961.31, while the Nifty added 42.05 points, reaching 22,530.70. The upbeat sentiment was reflected in the performance of Nifty-listed companies, with advances outnumbering declines. Among the Nifty firms, notable gainers included Adani Enterprises, Adani Ports, Shriram Finance, Coal India,...

May 29, 2024 12:21 PM

Paytm denies media report on stake sale to Adani Group, terms it “speculative”

Hours after a media report claimed that Adani Group Chairman Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in Paytm, the popular fintech company termed the report "speculative". Paytm informed stock exchanges in a filing that the company is not engaged in any deal talk with Adani group. "...We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard," the filing read. "We have always mad...