ADANI ENTERPRISES AGM
Set to capitalise on opportunities in infra space, says Gautam Adani
The core infrastructure group which has businesses ranging across ports, green energy, cement, airports, power and transmission will be setting up the largest energy installation, redeveloping the largest slum and making the largest single location copper smelter of the world in the country over the next few years.
Adani at AGM: Well positioned to continue programmes with Modi govt now in third term
With the Modi-led National Democratic Alliance securing a third term, Gautam Adani, at Adani Enterprises' AGM, highlighted the group’s continued role in India’s growth. Adani addressed challenges from the Hindenburg controversy, emphasizing financial resilience and ambitious projects, including Mumbai’s Dharavi redevelopment. He projected India becoming the world's third-largest economy by decade's end.
Gautam Adani, Chairman of the Adani Group, addresses shareholders at the Adani Enterprises Ltd. AGM.
Gautam Adani, Chairman, Adani Group - address to shareholders on the occasion of Adani Enterprises Ltd. Annual General Meeting.Gautam Adani, Chairman of the Adani Group, addresses shareholders at the Adani Enterprises Ltd. AGM.
Adani group companies, LTTS among 19 companies in focus today & tomorrow
Adani group companies and LTTS, among others, are in focus for corporate actions like dividends and AGMs this week.
Adani Enterprises board approves Rs 16,600 crore fundraise via QIP
Following the Hindenburg crisis, the Adani Group is regaining momentum and transitioning back to a growth trajectory. Today, the board of Adani Enterprises has given the green light for a fundraising endeavor totaling Rs 16,600 crore through the Qualified Institutional Placement (QIP) route.
'The loop is complete': Hindenburg reacts to OCCRP report on Adani's offshore funds
Adani OCCRP news: In a fresh blow to Gautam Adani's business conglomerate, the OCCRP has released details regarding misdoings in the company. Earlier in January US-based short-seller Hindenburg Research flagged the corporate governance issues in the ports-to-power conglomerate. Adani group's stocks took a dive following publication of the said report, before paring some losses.
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Reliance Succession: A large fortune of Asia's richest Mukesh Ambani starts a risky transition
Reliance Industries, the flagship company of Asia's richest tycoon Mukesh Ambani, is facing pressure to spin off its mature businesses through successful public floats of its telecom and retail units. The transition of control to the next generation, expected by 2028, could determine the conglomerate's hold on India's economy. While Reliance's influence has grown, its stock price has faced scrutiny, and investors want to see more value creation.
Q1 earnings, FII action, auto sales among 9 factors to keep Dalal Street busy this week
Slew of domestic quarterly earnings releases by firms including Power Grid, Titan Company and Gail (India) and several AGMs are expected to focus investors' attention on corporate earnings this week. Despite foreign institutional inflows slowing down after a strong start to the month, the overall trajectory of the Indian stock market remains positive, said Shibani Sircar Kurian, senior EVP and head of equity research at Kotak Mahindra Asset Management, although the market is consolidating after a strong recent rally.
Adani's $1.1 bn copper project to start operations from Mar 2024
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition. For Phase-1, capacity of 0.5 million tonnes per annum, Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), has achieved financial closure through a syndicated club loan
Adani Group confident of its governance and disclosure standards: Gautam Adani
The Adani group is confident of its governance and disclosure standards and will strive to improve those further, chairman Gautam Adani said on Tuesday and claimed that Hindenburg Research's report against it was a combination of "targeted misinformation" and "discredited allegations".
On Hindenburg, Adani evokes 'matrubhumi', flaunts spunk and success
Gautam Adani, the chairman of Adani Group, strongly emphasized his group's resilience, transparency and strong fundamentals. Adani also dismissed allegations from the Hindenburg report and underlined his faith in the future of both India and his own business. Adani Group has previously evoked nationalistic sentiment in fighting accusations against them, mainly due to the business being wired up strongly to the national economy.
Adani addresses Hindenburg allegations head-on at AGM, says vested interests wrote report to hurt the company
At Adani Enterprises' AGM on Tuesday, billionaire Gautam Adani extolled growth prospects for India and his business empire, slamming a damaging US-based short seller Hindenburg Research's attack against his embattled conglomerate earlier this year. The tycoon rattled off ambitious expansion targets across his ports, energy and infrastructure businesses, while sending a clear message to shareholders: ignore the criticism
Gautam Adani gives a peek into Adani Group's renewables roadmap
Adani Annual General Meeting: Adani Green Energy (AGEL), the renewable energy arm of Adani Group, plans to generate 20 GW of green energy through a hybrid renewable park in Khavda, spread over 72,000 acres. Adani reaffirmed his target of 45 GW of renewable energy capacity by 2030.
Adani Enterprises jumps 4% post AGM. 4 takeaways from Gautam Adani's speech
Adani said that the US-based short seller's report around the largest Follow-on Public Offering in India’s history was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004-2015. They were all settled by the appropriate authorities at that time.
Q1 earnings, HDFC Bank action, RIL among 8 key factors to drive D-St this week
Indian domestic equities have gained for the third week, but investors are warned of the possible bouts of profit booking to occur this week after such a strong market run. Major index heavyweights releasing their June quarter earnings could trigger caution among investors, alongside the monsoon session of the parliament
Adani Enterprises, Adani Total Gas to hold AGMs on July 18
Adani Enterprises and Adani Total Gas will hold their Annual General Meetings on July 18 to consider the record date for dividends. Adani Enterprises' AGM is scheduled at 10 am while Adani Total's is at 12 pm. Shares of both companies gained in early trade, with over 5 lakh shares of Adani Enterprises and nearly 76,000 shares of Adani Total trading on NSE. The overall market was positive, with S&P BSE Sensex and Nifty50 trading higher with 35 advances and 15 declines in the 50-stock index.
Mukesh Ambani's succession plan will be one of the spotlights at Reliance's 45th AGM today
The announcement will be keenly awaited to know how the behemoth will be carved so as to equitably divide it among Ambani's three children - twins Akash and Isha, and Anant.
NDTV shares climb 5%, take winning run to 5th day
The company earlier on Monday said its promoter group has written to India market regulator asking it to clarify whether the regulator's order in 2020 restricts conversion of warrants issued to Vishvapradhan Commercial Pvt Ltd (VCPL) into equity shares.
Adani group open offer: NDTV delays AGM by a week, now on September 27
"The 34th AGM of NDTV is being moved from September 20, 2022, to September 27, 2022 as a result of the processes required after the Notice and Public Announcement of the Open Offer made by VCPL (an indirect subsidiary of Adani Enterprises Ltd) to our public shareholders for acquiring up to 26 per cent of the Voting Share Capital of the Company," said Saturday late night filing.
Sensex ends 54 pts higher after choppy trade; Nifty tops 17,600
The 30-share pack Sensex rose 54.13 points but managed to end the session above the 59,000 mark. Its broader peer, Nifty50, advanced 27.45 points to top 17,600 level.
Corporate Radar: Bata India to turn ex-dividend; Adani Enterprises, Britannia Q1 results; AGMs and more
Shares of Saven Technologies (Re 1 per share), Symphony (Rs 2 per share) and Rites (Rs 4 per share) had announced their interim dividends while shares of Pudumjee Paper Products (Re 0.2 per share) and Bata India (Rs 50.5 per share) had announced their special dividends.
Adani Group to buy land from K Raheja Corp for Rs 1,500 crore
In February 2021, Adani Group's flagship company Adani Enterprises entered into a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India. The joint venture will focus on building a network of hyperscale data centers across the country, starting with Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets.
Corporate Radar: Adani Enterprises, M&M to turn ex-dividend; L&T Infotech, Tata Elxsi Q1 results; bonus issues and more
Shares of Radhe Developers will also go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. Raymond and Surya India will hold their annual general meetings (AGM) today.
Stocks in the news: TCS, Adani Ports, HDFC, Tata Steel, NTPC and Yes Bank
IT major Tata Consultancy Services has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.
Stocks in the news: Paras Defence, HDFC Bank, ZEEL, Adani Green and NMDC
Paras Defence and Space Technologies will be listed today. The manufacturer of defence and space engineering products is expected to make a super solid Dalal street debut.
Stocks in the news: Bharti Airtel, ZEE, Adani Ports, Jubilant Ingrevia and IDFC
Shareholders of IDFC rejected the re-appointment of former CAG Vinod Rai as non-executive chairman of the company.
Adani blames stock crash on ‘reckless’ reporting
Ports tycoon Gautam Adani blamed “reckless and irresponsible” media reportage for the recent crash of his companies’ stock prices. Adani Group’s market capitalisation plunged last month after reports emerged that three of its foreign investors’ accounts were frozen by the depository NSDL.
Gautam Adani clarifies on confusion over Mauritius funds
Calling reports of freeze "reckless and irresponsible", he said it caused unexpected fluctuations in the market prices of Adani stocks. "Unfortunately, some of our small investors were affected by this twisted narrative which seemed to imply that companies have regulatory powers over their shareholders and that companies can compel disclosure," he said.
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