The Navi Mumbai International Airport (NMIAL) marked a significant milestone on Friday with its first successful trial landing, paving the way for its expected operational launch early next year. An Indian Air Force C295 multi-role tactical airlifter made the inaugural landing on the airport's south runway, a moment celebrated with a water salute from the fire brigade and a spectacular flypast by Sukhoi 30 jets.
Read More »Maharashtra Government Approves Use of Salt Pan Land for Dharavi Residents’ Housing Amid Environmental Concerns
The Maharashtra government has officially approved the acquisition of approximately 256 acres of ecologically sensitive salt-pan land from the Centre to provide housing for residents in Dharavi who do not qualify for homes under the Adani Group-led Dharavi Redevelopment Project. This decision was made on Monday, following the Centre's consent for the transfer of three salt-pan parcels located in Kanjurmarg, Bhandup, and Mulund. The transfer was sanctioned on September 2 after a request from the state government.
Read More »“Adani Group Secures Contract to Deliver 6,600 MW of Power to Maharashtra”
Adani Group has emerged victorious in a significant bid to supply 6,600 MW of electricity to Maharashtra State Electricity Distribution Company Limited (MSEDCL), marking a major achievement for the company. The contract, awarded at a rate of ₹4.08 per unit, is nearly ₹1 lower than the current procurement cost of electricity in the state.
Read More »Gautam Adani Overtakes Mukesh Ambani as Richest Asian Billionaire
In a significant shift in the wealth landscape of Asia, billionaire Gautam Adani has once again emerged as the richest person in the continent, surpassing Mukesh Ambani, the head of Reliance Industries. Adani's rise to the top spot in Asia's wealth hierarchy comes on the heels of a surge in stock prices across companies in his conglomerate, as reported by the Bloomberg Billionaires Index.
Read More »Gautam Adani in Talks for Stake Acquisition in Paytm, Eyeing Fintech Sector Entry
In a significant development in the fintech industry, Gautam Adani, the chairman of the Adani Group, is reportedly in discussions to acquire a stake in One 97 Communications, the parent company of Paytm. According to a report in the Times of India, talks between Adani and Vijay Shekhar Sharma, the founder and CEO of Paytm, have been ongoing for a while, with a recent meeting held on May 28 in Ahmedabad to finalize the deal's contours.
Read More »“Adani Group Seeks Funding of ₹21,577 Crore for Airport Expansion and Green Energy Projects”
Following a period of turbulence marked by the Hindenburg Research controversy, the Adani Group, led by billionaire Gautam Adani, is poised to embark on ambitious ventures in the realm of airport expansion and green energy initiatives across India. Recovering from the setbacks of the Hindenburg saga, the conglomerate is now eyeing a substantial capital infusion of $2.6 billion from prominent sovereign funds in the Middle East, as reported by Business Standard.
Read More »“Gautam Adani Rejoins the $100 Billion Elite, Defying Short-Seller Assault from a Year Ago”
Industrialist Gautam Adani has once again achieved the remarkable feat of surpassing the $100 billion mark in personal wealth, a significant milestone coming just a year after his conglomerate, the Adani Group, faced a severe downturn in share prices following allegations of market manipulation by Hindenburg Research. Today, Gautam Adani stands as the 12th richest person globally, boasting a net worth of $101 billion, according to the Bloomberg Billionaires Index.
Read More »“Adani Total Gas Sees 85% Stock Plunge, Confirming Hindenburg’s Valuation Concerns”
Adani Total Gas Ltd. experiences an 85% stock valuation decline, confirming the earlier concerns raised by US short seller Hindenburg Research. Despite recent investments in other Adani companies, the city-gas distributor faces headwinds due to New Delhi's EV conversion policy.
Read More »“Adani Group Accuses Deliberate Efforts to Undermine Its Reputation in Mahua Moitra Cash-For-Query Controversy”
The Adani Group has alleged that foreign entities, short-sellers, and certain sections of the media, both domestic and international, are launching attacks to undermine the group's market value. They claim these entities are executing a well-coordinated campaign, including strategically timed media reports, and recently cited a Financial Times story as an example.
Read More »“Adani Group Responds to Bribery Allegations: Accuses Conspiracy to Harm Reputation”
The Adani Group responds to allegations of a conspiracy aimed at harming its reputation and market standing, highlighting a calculated effort targeting its interests. The conglomerate strongly denies involvement and calls attention to the tactics used by these entities.
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