Adani Group, the first-ever Indian port operator in Sri Lanka, will have a 51% stake & has signed agreement with local partner John Keells Holdings & the SLPA to build the terminal.
The funds rank among the biggest shareholders in Adani group companies, ahead of prominent financial institutions like BlackRock Inc. and The Vanguard Group Inc.
Accounts of 3 Mauritius-based funds with significant exposure to Adani Group stocks were frozen due to insufficient disclosures, local media report said last month.
The clarification comes after the government, in a written response to Parliament, Monday, said that several Adani Group companies were being investigated by the SEBI and DRI.
Adani Group is doubling its coal-fired power capacity to 24 GW, and plans to own, develop or operate new coal mines with a combined capacity of 132 million tons a year.
Mukesh Ambani has leaned toward data-driven consumer businesses like retail & telecom, while Gautam Adani has focused on infrastructure & utilities. Clean energy would see them overlap.
Adani Enterprises Ltd. has spun off several units into the public market but the list of shareholders that have risen 200% to 900% in value in the past year need some explaining.
The dramatic rout marks a halt to the dizzying rally in shares of some of the Adani Group companies that had added almost $40 billion to the billionaire’s wealth this year.
Shares of six Adani Group companies crashed Monday wiping out more than $6 billion of the companies’ market capitalisation and bringing down Gautam Adani’s net worth.
India’s policymakers need to ensure that labourers, and milk and newspaper delivery workers, do not have to sacrifice food just to keep a roof over their heads.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
New Delhi: India’s air defence systems intercepted and destroyed 1,000 drones and missiles launched by Pakistan on 9 May during Op Sindoor, Prime Minister...
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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