Tag: Adani Group

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 […]

Adani Group launches its luxury residential project in Pune

NEW DELHI: Ahmedabad-based conglomerate Adani Group said that it has launched its luxury residential project in Pune’s Koregaon Park NX. The project named Atelier Greens, focuses on offering lifestyle beyond the carpet area, drawing inspiration from making spaces where art of living grows naturally. Nestled in the city center, yet amidst abundant greenery and open […]

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