Tag: Adani Group

Congress accuses Adani Group of having links with Chinese firm

NEW DELHI: The Congress on Thursday accused the Adani Group of having business links with a Chinese company in all its infrastructure projects in roads, railways, ports and airport sectors, saying it posed a threat to national security. The remarks prompted Law Minister Kiren Rijiju to hit back at the opposition party. Responding to a […]

Congress accuses Narendra Modi government of ‘favouritism’ in small arms deal with Adani Group

NEW DELHI: The Congress on Thursday accused the Narendra Modi government of indulging in “blatant favouristism” and giving the Adani group “undue advantage” in major small arms contracts for the armed forces. Posing a set of three questions to Prime Minister Narendra Modi as part of the party’s “Hum Adani ke Hain Kaun” series, Congress […]

Gautam Adani isn’t the only Indian tycoon in trouble. Look at Vedanta

By Andy Mukherjee | Bloomberg NEW DELHI: Highly leveraged Indian tycoons are having a rough time. Gautam Adani’s $236 billion infrastructure empire has shrunk by more than three-fifths in a month. But while his relentless rise and spectacular fall hog headlines, a smaller storm may be brewing for another well-known magnate. Anil Agarwal’s once-London-listed Vedanta […]

PM Narendra Modi nationalise all assets of Adani Group and then auction it for sale: Subramanian Swamy

CHENNAI: Former Union minister and senior BJP leader Subramanian Swamy has said he wants the Centre to nationalise the assets of Adani Group, which has faced scrutiny after its stocks tumbled following a report over its financial deals and a ruckus was created in Parliament by opposition parties over it. In an interview with PTI […]

Ahead of maturity in September 2024, Adani Group to pre-pay $1.1 billion

NEW DELHI: Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. “This is in continuation of […]

‘Hum Adani Ke Hain Kaun’: Congress launches fresh attack on Narendra Modi

NEW DELHI: The Congress on Sunday stepped up its attack on the Centre over allegations against the Adani group, alleging that the Modi government’s “loud silence” over the issue “smacks of collusion”. Adani group stocks have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent […]

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 […]

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