Tag: Adani Group

Adani group entity operating Guwahati airport gets aerodrome licence

GUWAHATI: The Guwahati International Airport Ltd, the Adani group entity that operates the LGBI Airport, here, has been granted aerodrome licence by the DGCA for complete management of the airport, an official statement said on Saturday. The licence was granted by the Directorate General of Civil Aviation (DGCA) on Friday, the Guwahati International Airport Ltd […]

Odisha destined to emerge trillion-dollar economy: Naveen Patnaik woos investors

BHUBANESWAR: Claiming that Odisha is destined to become a trillion-dollar economy in the near future, Chief Minister Naveen Patnaik on Thursday assured business leaders of all support in launching their projects in the state. Patnaik said this while addressing the plenary session of the third edition of the Make In Odisha’ conclave, the state’s business […]

Rajasthan government hasn’t given any preferential treatment to Adani: Rahul Gandhi

TURUVEKERE: A day after Gautam Adani pledged huge investments in Rajasthan, Rahul Gandhi said on Saturday the Congress government in the state has not given any preferential treatment to the industrialist and asserted that he is not against corporates but monopolies. Addressing a press conference here, Gandhi also said if the Rajasthan government gives business […]

No tax on $6.38 billion transaction with Adani Group, says Holcim CEO

NEW DELHI: Swiss building material major Holcim said its USD 6.38 billion deal with Asia’s richest man Gautam Adani’s group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India — about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake […]

POSCO, Adani Group sign pact to set up steel plant in Gujarat

NEW DELHI: Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea’s POSCO to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement, Adani Group said the investment under the MoU is estimated to be […]

AAI committees find Adani group in violation of branding, logo pacts

NEW DELHI: Three committees of the Centre-run Airports Authority of India (AAI) in January found the Adani group to be in violation of branding norms, prescribed in the concession agreements, at the airports in Ahmedabad, Mangaluru and Lucknow that the conglomerate took over last year. Consequently, the Adani group companies — which are operating these […]

Adani group stocks shed $6 billion despite rejecting reports on investors

NEW DELHI: Shares in companies controlled by billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, its steepest fall […]

Adani Group says being targeted through false propaganda, online campaign

NEW DELHI: Billionaire Gautam Adani’s Adani Group on Saturday said it is being targeted through false propaganda and a manufactured online campaign of malicious lies about its operations and will take actions such as filing court cases to protect its interests. Without referring to any particular allegation, the Adani Group in a statement posted on […]

DHFL creditors vote in favour of Piramal’s $5 billion bid – source

MUMBAI:Creditors of India’s Dewan Housing Finance Corp have voted in favour of a 372.5 billion rupees ($5.09 billion)takeover bid submitted by the Piramal Group for the troubled “shadow” lender, a source with knowledge of their decision said on Sunday. DHFL’s creditors finished voting on Friday evening, and the source requested anonymity as the result has […]

Can improve DHFL offer, forfeit deposit of those against recoveries: Adani

NEW DELHI: Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money. In an email written to the administrator, who is running the […]

Adani Group partners with Italy’s Snam for energy mix transition

NEW DELHI: The Adani Group on Friday announced a strategic collaboration with Italy-based gas infrastructure company, Snam. The tie-up envisages exploration of the hydrogen value chain in India and global markets, as well as the development of biogas, biomethane, and low-carbon mobility. Adani Group Chairman, Gautam Adani said: “The combination of Adani’s ability to provide […]

Adani Group to invest Rs 5,500 crore in Uttar Pradesh’s food processing, power sectors

NEW DELHI: Adani Group will invest Rs 5,500 crore over the next five years in power transmission and food processing sectors in Uttar Pradesh, its chairman Gautam Adani said on Sunday. Speaking on the occasion of the second ground breaking ceremony that will see the launch of multiple projects by corporates, Adani said he had […]

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