Tag: Gautam Adani

Adani’s market loss swells to $70 billion as its fight with short-seller escalates

By Chris Thomas and Aditya Kalra NEW DELHI:Adani group shares extended their sharp falls on Monday as the Indian conglomerate’s rebuttal of a U.S. short-seller’s criticism failed to pacify investors, driving stock market losses for the companies to almost $70 billion over three days. Flagship Adani Enterprises (ADEL.NS), which is facing a crucial test this […]

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 […]

Ashok Gehlot woos investors; says Rajasthan has friendly government policies

JAIPUR: Rajasthan Chief Minister Ashok Gehlot on Friday pitched the state as a favourable investment destination that has friendly government policies, excellent road infrastructure, skilled labour, as well as better law and order. In his address at the inaugural session of the two-day ‘Invest Rajasthan’ Summit here, Gehlot highlighted that there has been an improvement […]

Gautam Adani announces investment worth Rs 65,000 crore in Rajasthan

JAIPUR: Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG […]

Gautam Adani now Asia’s second richest, earns Rs 1,000 crore daily

NEW DELHI: India produced 179 more super-rich people this year led by Adani Group’s Gautam Adani who amassed a whopping wealth of Rs 3.65 trillion or more than Rs 1,000 crore daily, and the number of such individuals has crossed the 1,000-mark. Geographically, five more cities are home to super-rich taking the total number of […]

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 […]

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 […]

As Coronavirus hits travel, Adani ready for India aviation growth

NEW DELHI: India’s Adani Enterprises says it is well placed to build the infrastructure needed to support the country’s expected aviation growth, which has been curtailed by the coronavirus crisis. The company’s chairman Gautam Adani made the comment on Wednesday, only days after Adani Airports said it had agreed to buy GVK Power & Infrastructure’s […]

Gautam Adani announces Rs 55,000 crore investment in Gujarat in next 5 years

AHMEDABAD: Billionaire Gautam Adani Friday announced over Rs 55,000 crore investment in next five years in a clutch of projects in Gujarat including the world’s largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex. Adani Group, which operates Mundra port in the state, had Thursday announced plans to foray […]

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