A stellar market debut of Bajaj Housing Finance Ltd (BHFL) on Monday helped the Bajaj Group reduce its market capitalisation (mcap) gap with the Adani group. BHFL’s mcap stood at Rs 1.37 trillion on Monday, more than double its initial public offering price-based valuation of around Rs 58,300 crore. This added more than 10 per … Read more
Prominent business families including the Ambani, Bajaj, Birla & Jindal families were part of the top ten 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses released on Thursday. However, Gautam Adani’s conglomerate was not part of the list. The Mukesh Ambani-led Ambani Family, with a value of Rs 25,75,100 crore topped the list … Read more
Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday. When Adani retires, his four heirs – sons Karan and Jeet, and their cousins Pranav and Sagar … Read more
With Narendra Modi-led National Democratic Alliance voted to power for the third consecutive term, the Adani Group is well-positioned to continue the economic and social programs that have driven “spectacular” journey over the last decade, Gautam Adani said at Adani Enterprises’ Annual General Meeting on Monday. “India is no longer at the crossroads of destiny … Read more
Adani Group looks to dethrone UltraTech Cement: The Adani Group is actively considering the acquisition of multiple cement companies, including Penna Cement, Saurashtra Cement, the cement business of Jaiprakash Associates, and Vadraj Cement owned by ABG Shipyard. This move aligns with the expected surge in demand for cement due to the government’s infrastructure development plans … Read more
Adani Defence and Aerospace has signed a cooperation agreement with UAE-based EDGE Group, one of the world’s leading advanced technology and defence groups. As per an official joint press release issued on Tuesday, the agreement aims to establish a platform leveraging the defence and aerospace capabilities of both companies to bring together their respective products … Read more
The Supreme Court of India has received a fresh plea that questions the integrity of the existing expert committee looking into the Hindenburg report on Adani Group accusing it of stock manipulation. The plea sought that the apex court formulate a new panel comprising individuals with unblemished integrity and no conflicts of interest in the … Read more
The Securities and Exchange Board of India (SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group. On Monday, the shares of Adani group companies slid 3% to 5% after Deloitte resigned as auditor of Adani Ports, … Read more
The Securities and Exchange Board of India (SEBI) clarified in the Supreme Court on July 10 that “challenges” presented by it before the six-member Justice A.M. Sapre expert committee in the Hindenburg-Adani allegations case did not emanate from the repeal of the “opaque structure” provisions from the Foreign Portfolio Investors (FPI) Regulations in 2019. The … Read more