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 ...
 "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 ...
 "Swiss authorities freeze 1 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 ...
 "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 ...
 "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 ...
 "Gautam Adani pleads for 0 million payment from Bangladesh, highlighting significant investments and commitment to energy security amid financial strain.")
Gautam Adani, chairman of Adani Group, has reached out to Muhammad Yunus, the advisor to the Bangladesh government, to speed up the clearance of $800 million owed by the Bangladesh Power Development Board for electricity supplies. In his letter, Adani highlighted the urgency of the situation, emphasizing the need for regular payments while fulfilling supply ...
 "SEBI faces intense scrutiny over alleged regulatory failures in the Adani scandal, while its chairman denies implications of impropriety.")
The Congress party has criticized the Securities and Exchange Board of India (Sebi) for its ongoing investigation into the Adani Group, claiming it has stalled without resolution. This comes after two Mauritius-based foreign portfolio investors petitioned the Securities Appellate Tribunal for relief from new Sebi regulations concerning foreign investments. Congress leader Jairam Ramesh alleges that ...
 "Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.")
Adani Group is expanding its global footprint by establishing a new subsidiary in China called Adani Energy Resources (Shanghai) Co. (AERCL), which will focus on supply chain solutions and project management services. This new venture, registered on September 2, 2024, follows a similar move in Kenya with the formation of Airports Infrastructure PLC, aimed at ...
 "Adani and Tower Semiconductor’s billion investment in Maharashtra signals India’s ambitious push to dominate the semiconductor market.")
Israel’s Tower Semiconductor and India’s Adani Group are set to invest $10 billion (approximately 839.47 billion rupees) in a new semiconductor project in Maharashtra. This initiative aligns with Prime Minister Narendra Modi’s vision to establish India as a global chip-making hub, despite facing challenges including Foxconn’s withdrawal from a previous joint venture. The new plant ...
 "Maharashtra approves a billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.")
Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...
