Articles for tag: Adani, Bangladesh, Commitment, Energy, Financial, Gautam, Highlighting, Investments, Million, Payment, Pleads, Security, Significant, Strain

Market News

Gautam Adani pleads for 0 million payment from Bangladesh, highlighting significant investments and commitment to energy security amid financial strain.

Gautam Adani pleads for $800 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 ...

Market News

SEBI faces intense scrutiny over alleged regulatory failures in the Adani scandal, while its chairman denies implications of impropriety.

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 ...

Market News

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

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 ...

Market News

Adani and Tower Semiconductor’s  billion investment in Maharashtra signals India’s ambitious push to dominate the semiconductor market.

Adani and Tower Semiconductor’s $10 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 ...

Market News

Maharashtra approves a  billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra approves a $10 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 ...

Market News

Adani Enterprises Makes Bold Retail Bond Debut Amid Controversy

Adani Enterprises Makes Bold Retail Bond Debut Amid Controversy

Adani Enterprises has successfully launched its first retail bond, fully subscribed on its debut day. This move marks a significant return to the capital markets for the Indian conglomerate, which faced scrutiny following allegations by Hindenburg Research that impacted its share prices. The company aims to raise up to Rs 800 crore ($95.32 million) through ...

Market News

Adani Green and TotalEnergies Forge Power Partnership Amid Market Surge

Adani Green and TotalEnergies Forge Power Partnership Amid Market Surge

Adani Green Energy has announced a significant milestone as its board approved a joint venture with TotalEnergies, allowing the French energy giant to invest $444 million. This partnership comes on the heels of a previous $300 million deal to enhance renewable energy capacity in India, a country still heavily reliant on coal. The new venture ...

Market News

Adani Power Battles Himachal Pradesh for Rs 280 Crore Hydropower Refund

Adani Power Battles Himachal Pradesh for Rs 280 Crore Hydropower Refund

Adani Power Limited has approached the Supreme Court to challenge a recent decision by the Himachal Pradesh High Court regarding a refund of Rs 280 crore linked to two hydropower projects in Kinnaur district. The Supreme Court has requested a response from the Himachal government on this matter. In July, the High Court overturned a ...

Market News

Adani Wilmar Eyes Expansion:  Billion Acquisition Drive in FMCG Sector

Adani Wilmar Eyes Expansion: $1 Billion Acquisition Drive in FMCG Sector

Adani Wilmar is set to enhance its presence in India’s packaged consumer goods Market with plans to acquire three food companies, backed by a $1 billion acquisition fund. This strategy focuses on brands that specialize in spices, ready-to-cook foods, and packaged edibles, aiming to increase revenue from consumer sectors to 25-30%. The company has already ...

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