Articles for tag: Adani, Aiming, Decarbonization, Drive, Firms, Green, Hub, Hydrogen, Initiative, Join, Leading, Mundra, Transform, WEFs

Market News

Three Adani firms join WEF’s initiative, aiming to transform Mundra into a leading green hydrogen hub and drive decarbonization.

Three Adani firms join WEF’s initiative, aiming to transform Mundra into a leading green hydrogen hub and drive decarbonization.

Three companies from the Adani Group, including Adani New Industries Ltd, Adani Ports, and Ambuja Cements, have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, creating the Adani Mundra Cluster. This initiative aims to boost collaboration among companies to drive economic growth, generate jobs, and achieve decarbonization by 2050. Karan Adani emphasized the cluster’s ...

Market News

Rahul Gandhi Claims Kashmir’s Apples Fall to Adani: Is Democracy Really Just a Fruit Basket for Billionaires?

Rahul Gandhi, the Leader of Opposition in Lok Sabha, addressed an election rally in Jammu, criticizing the Indian government’s policies. He claimed that decisions affecting Jammu and Kashmir are imposed by outsiders, and he accused the ruling BJP of prioritizing business tycoons like Adani and Ambani over local interests. Gandhi criticized the implementation of GST ...

Market News

Adani Green Energy and Adani Energy Solutions join the Utilities for Net Zero Alliance, aiming for net zero emissions by 2050.

Adani Green Energy and Adani Energy Solutions join the Utilities for Net Zero Alliance, aiming for net zero emissions by 2050.

Adani Green Energy and Adani Energy Solutions have become the first companies in India to join the Utilities for Net Zero Alliance, as announced on September 25, 2024. This global alliance was formed at COP28 to support the transition to renewable energy and promote clean power solutions. As members, Adani Green Energy will focus on ...

Market News

Adani Green Energy and Adani Energy Solutions join the Utilities for Net Zero Alliance, aiming for net zero emissions by 2050.

Adani Energy Solutions Ltd poised for explosive growth, forecasted to outpace global peers as India’s energy demand surges.

Adani Energy Solutions Ltd (AESL) is a rapidly growing power transmission utility with an enterprise value of $18.5 billion. According to a recent report by Cantor Fitzgerald, AESL is expected to see a remarkable 29% compound annual growth in pre-tax profits over the next three years. With a diverse portfolio that includes transmission, distribution, and ...

Market News

Sebi chairperson Madhabi Puri Buch faces scrutiny over undisclosed conflicts of interest amid allegations linked to the Adani Group.

Sebi chairperson Madhabi Puri Buch faces scrutiny over undisclosed conflicts of interest amid allegations linked to the Adani Group.

Sebi Chairperson Madhabi Puri Buch has faced scrutiny regarding her potential conflicts of interest, as highlighted in a recent RTI response. The securities Market regulator indicated that compiling information on instances where Buch recused herself would require significant resources and is not readily available. Additionally, requests for details on her financial disclosures were denied, citing ...

Market News

Bajaj Housing Finance’s stellar debut boosts Bajaj Group’s valuation, narrowing the market cap gap with Adani Group amid fierce competition.

Bajaj Housing Finance’s stellar debut boosts Bajaj Group’s valuation, narrowing the market cap gap with Adani Group amid fierce competition.

Bajaj Housing Finance Ltd (BHFL) made a remarkable Market debut, significantly boosting the Bajaj Group’s Market capitalization to Rs 13.6 trillion, up by 9.3% from the previous figure of Rs 12.1 trillion. BHFL’s Market cap soared to Rs 1.37 trillion, exceeding its IPO valuation of approximately Rs 58,300 crore. In contrast, the Adani Group’s Market ...

Market News

Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress MP Jairam Ramesh has accused the Mahayuti government in Maharashtra of facilitating a “rigged deal” after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to the state. This comes as the government faces the prospect of a significant defeat in the upcoming assembly polls. Ramesh criticized ...

Market News

Swiss authorities freeze 1 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Swiss authorities freeze $311 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Seven stocks from the Adani group experienced declines on Friday, following Swiss authorities freezing $311 million linked to a Taiwanese individual amid a money laundering investigation. The allegations suggest he may serve as a front for the Adani group, which the conglomerate has strongly denied. Key stocks like Adani Power and Adani Energy dropped by ...

Market News

Adani Group denies involvement in Swiss court proceedings amid allegations of frozen funds linked to money laundering investigations.

Adani Group denies involvement in Swiss court proceedings amid allegations of frozen funds linked to money laundering investigations.

The Adani Group has firmly stated that it is not involved in any Swiss court proceedings, following claims by Hindenburg Research. The U.S.-based firm suggested that Swiss authorities had frozen over $310 million of Adani’s assets related to a money laundering and securities forgery investigation. This assertion was supported by Swiss court records detailing investments ...

Market News

Adani Ports secures a 30-year concession to develop Berth No. 13, enhancing cargo capacity at Deendayal Port by 2027.

Adani Ports secures a 30-year concession to develop Berth No. 13, enhancing cargo capacity at Deendayal Port by 2027.

Adani Ports and Special Economic Zone (APSEZ) has recently signed a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. This berth, designed to handle multipurpose cargo, is set to be operational by FY27 and has a capacity of 5.7 million metric tons annually. APSEZ established a new subsidiary, DPA Container ...

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