Tag: Gautam Adani

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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