Adani Group shares, including Adani Enterprises and Adani Power, are set to remain in focus on Wednesday following former U.S. President Donald Trump’s decision to pause the enforcement of foreign bribery laws. The move could have significant implications for global business operations, potentially affecting Adani’s international prospects. Investors will closely monitor market reactions as this Read More…
India’s richest moguls, Mukesh Ambani and Gautam Adani, have slipped below the $100 billion net worth threshold. Ambani now holds $98 billion, while Adani’s wealth has dropped to $84 billion. The decline is driven by market volatility, fluctuating stock prices, and global economic uncertainties affecting their business domains in energy, infrastructure, and telecommunications. Despite this Read More…
New Delhi: Both houses of Parliament were adjourned for the day following intense protests from the opposition over the Adani Group controversy and the Sambhal incident. Opposition members demanded urgent discussions on these issues, leading to repeated disruptions. In the Rajya Sabha, Chairman Jagdeep Dhankhar disallowed 20 notices under Rule 267, including eight seeking a Read More…
In a dramatic turn of events on November 27, 2024, both the Lok Sabha and Rajya Sabha were adjourned for the day due to fierce protests from the Opposition over two key issues—allegations of bribery involving industrialist Gautam Adani and the ongoing violence in Sambhal. The protests, which began shortly after the sessions began, were Read More…
In a bold step to solidify its presence in the construction materials sector, the Adani Group is on the verge of acquiring the India unit of HeidelbergCement. This acquisition is part of Adani’s broader strategy to diversify its business interests and gain a stronger foothold in the competitive Indian cement market. HeidelbergCement India, a key Read More…
Adani Ports and Special Economic Zone Ltd (APSEZ), a leading force in India’s port infrastructure, has taken a major leap by acquiring an 80% stake in Astro Offshore for $185 million. This strategic acquisition marks a significant expansion for Adani Ports into the offshore logistics and services sector. Astro Offshore, renowned for its expertise in Read More…