India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: Adani Group on Monday said it is not exploring any tie-up with Chinese firms such as BYD for battery manufacturing and clean energy technology. In a stock exchange filing, Assam Govt, Not Adani Acquiring Land Near Guwahati Airport: Himanta Ltd, the group's flagship firm, said reports of a tie-up with Chinese companies BYD and Beijing WeLion New Energy Technology are incorrect. "The Adani Group is not exploring any form of collaboration with BYD for battery manufacturing in India," it said. "Similarly, we are not engaged in any discussions with Beijing WeLion New Energy Technology for a partnership of any kind." Reports had suggested that group chairman Gautam Adani was "personally heading discussions" with BYD executives to manufacture batteries in India and extend its push into clean energy.
OCCRP had published news articles against Adani; BJP MP Sambit Patra calls Rahul 'traitor of highest order' After a hiatus of two days, the Winter Session of Parliament plunged into chaos again Thursday, this time due to the ruling BJP targeting Leader of the Opposition Rahul Gandhi and the Congress, accusing them of being part of a plan to "derail" India's economy and "disrupt" its democracy. Senior BJP MP Nishikant Dubey raised the matter in the Lok Sabha, alleging that a "dangerous triangle" ...Read More >
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh," the CMO's post said. The ...Read More >
Puri: Gautam Adani, the Chairman of the Adani Group, on Saturday said he feels blessed to have had the privilege of witnessing the divine Rath Yatra of Lord Jagannath. Gautam Adani, along with his wife Priti Adani and son Karan Adani, participated in the annual Rath Yatra in Puri. The Lord Jagannath Rath Yatra is one of India's most revered religious festivals. In a post on X social media platform, the billionaire industrialist said that "seeing the Lord Himself among devotees is an experience of the pinnacle of humility, simplicity, and compassion". "This Rath Yatra is a grand embodiment of ...Read More >
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...Read More >
New Delhi/Bhubaneswar, Jun 30 (PTI) A day after three people were killed in a stampede near Shree Gundicha temple in Odisha's Puri, the Congress on Monday demanded that Chief Minister Mohan Charan Manjhi and his deputy resign, taking responsibility for the tragedy, and also called for a judicial inquiry. Alleging that the BJP prioritised billionaire Gautam Adani, who attended the Rath Yatra, over the people, the opposition party said the state government has turned Odisha's holiest festival into a private event for "billionaires, cronies, and camera crews, at the cost of ordinary devotees". ...Read More >
Mumbai, July 11 (SocialNews.XYZ) Lower back pain is a national crisis that can affect the country's productivity, said Adani Group Chairman Gautam Adani on Friday, urging entrepreneurs to build India's first AI-powered spinal diagnostic platform. He was addressing the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery-Asia Pacific (SMISS-AP), in Mumbai. The Adani Group Chairman expressed shock over lower back pain becoming a leading cause of disability in the country and noted how it can destroy the dreams of the nation. "I was shocked to learn that low back pain is n ...Read More >
Responding to Pattali Makkal Katchi (PMK) floor leader G.K. Mani, who raised the issue in the House, Mr. Stalin said, "Adani did not meet me nor did I meet him." Tamil Nadu Chief Minister M.K. Stalin on Tuesday (December 10, 2024) told the State Assembly that he had not met Adani Group chairman Gautam Adani, dismissing rumours about the conglomerate's alleged links to the State. Responding to Pattali Makkal Katchi (PMK) floor leader G.K. Mani, who raised the issue in the House, Mr. Stalin said, ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
New Delhi: Ahead of the wedding of Jeet Adani, the younger son of billionaire industrialist Gautam Adani, the Adani family has announced 'Mangal Seva', a program to support newly married women with disabilities. To begin with, every year, 500 such women will be provided financial assistance of Rs 10 lakh each. At his home, just two days before his own wedding, Jeet Adani met 21 newly married divyang women and their husbands to launch this initiative. Jeet is set to tie the knot with Diva Shah on 7 February 2025 in Ahmedabad, Gujarat. In line with his social philosophy सेवा साधना है, सेवा प्र ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9.15% on three-year bonds and 9.30% on five-year bonds, and will also have an option to defer interes ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
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Proceedings in both houses of the Parliament came to halt on Wednesday amid protests by Oppostion members over the Adani Bribery controversy, recent violence in Sambhal in Uttar Pradesh and other issues. Lok Sabha proceedings were initially adjourned until 12 noon and later until Thursday, as Opposition members, including those from Congress, protested and sought to raise various issues at the start of the session. Some members from the Congress and Samajwadi Party were in the Well while other Opposition members stood in the aisle and shouted slogans. The Opposition members wanted to discus ...Read More >
New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minist ...Read More >
Bhubaneswar (Odisha) [India], July 11 (ANI): Congress MP Rahul Gandhi Friday accused Election Commission of India of hatching a conspiracy for chunav chori (election theft) in Bihar, referring to poll-body decision to revise electoral rolls in the state ahead of assembly election there. Addressing Samvidhan Bachao Samavesh in Bhubaneswar, Rahul Gandhi said that ECI is working as a BJP wing and alleged that similar attempts to steal election are being made in Bihar just like they were made in Maharashtra. BJP is attacking the constitution. Yesterday I was in Bihar. Just like chunav chori was ...Read More >
French energy giant TotalEnergies has paused new investments in Gautam Adani's conglomerate amidst ongoing U.S. corruption investigations. Adani Green Energy Ltd. clarified that this pause will not affect its operations, as no new funding was under discussion. The Adani group denies all allegations as baseless. French energy giant TotalEnergies has paused new investments in Gautam Adani's conglomerate due to an ongoing U.S. investigation into alleged corruption charges against Adani and two executives. Adani Green Energy Ltd stated that this decision would not impact its operations since no ...Read More >
New Delhi, Dec 3 (PTI) Shares of seven Adani Group firms ended in the green on Tuesday, with Adani Ports surging 6 per cent, emerging as the biggest gainer among the Sensex and Nifty firms. The stock of Adani Ports surged 6.02 per cent, Ambuja Cements soared 5.15 per cent, ACC (2.56 per cent), Adani Enterprises (2.33 per cent), Sanghi Industries (2.09 per cent), Adani Wilmar (1.19 per cent) and NDTV (0.45 per cent) on the BSE. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Singh Badal by Akal Takht in 2015 Sacrilege Case?. However, shares of Adani Green Energy went low ...Read More >
CHENNAI: Tamil Nadu Chief Minister MK Stalin responding to a query from PMK floor leader GK Mani in the Assembly on Tuesday, categorically denied meeting Adani Group Chairman Gautam Adani. Mani, during his speech during the zero hour, raised a query about media reports about a case registered in the US court against Adani, which included purported connections with the Tamil Nadu government, and sought the state government's explanation on the issue. Responding to him, Stalin clarified, "Neither I nor the present Tamil Nadu government has any connection in this matter. I have never met him, a ...Read More >
Mumbai, February 7: Jeet Adani, the younger son of industrial magnate Gautam Adani, is marrying Diva Shah today, February 7, in a private and traditional ceremony. The couple, who has been engaged for a while, drew attention to their wedding when Gautam Adani confirmed the Jeet Adani-Diva Shah wedding date during his visit to Maha Kumbh 2025. Though rumours circulated about a performance by global music star Taylor Swift at Jeet Adani-Diva Shah wedding, Gautam Adani dismissed the speculation, emphasising that the wedding would be modest and traditional. "We live like ordinary people, and the ...Read More >
Puri (Odisha) [India], June 28 (ANI): Adani Group Chairperson Gautam Adani, along with his family, took part in the annual Rath Yatra celebrations of Lord Jagannath in Puri on Saturday and also offered 'Prasad Seva' to devotees. Accompanied by his wife Priti Adani and son Karan Adani, the industrialist participated in the rituals associated with the procession of Lord Jagannath, Lord Balabhadra, and Goddess Subhadra. Also Read | Christy Martin Biopic: Sydney Sweeney Says She 'Didn't Care' About Getting Hurt While Filming Fight Scenes With Co-Star Katy O'Brian. "I have got everything from Lo ...Read More >
Ahmedabad (Gujarat) [India], June 30 (ANI): Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. According to the Adani group, this accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes ~11,005.5 MW of solar, ~1,977.8 MW of wind, and ~2,556.6 MW of wind-solar hybrid capacity. Also Read | TikTok Deal To Be Announced Soon in US? Donald Trump Says He Has Found a Group of 'Very Wealthy People' To Buy ByteDance-Owned App, I ...Read More >
NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
Mumbai: Gautam Adani, Chairman of the Adani Group, on Friday announced that the conglomerate is preparing for a capital expenditure investment of nearly $100 billion over the next five years. "The scale and pace of this commitment is unprecedented in India's private sector history as we do our part for strengthening the very spine of India's rise that must carry 1.4 billion dreams," Gautam Adani remarked. Addressing a conference of top doctors here, Gautam Adani said these investments are manifestations of the Adani Group's "belief in the future of India" comprising energy grids, logistics a ...Read More >
INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >
New Delhi: India's opposition MPs on Wednesday, December 11, greeted their BJP counterparts in Parliament premises with the tricolour in one hand and a red rose in the other, urging the ruling party to ensure that the Parliament functions properly. This is the latest in a series of demonstrations led by Congress over the issue regarding industry mogul Gautam Adani getting indicted by the US. Leader of Opposition in the Lok Sabha Rahul Gandhi also offered the tricolour in the form of a card to Defence Minister Rajnath Singh when the latter was entering the main Parliament building. Congress ...Read More >
Puri (Odisha) [India], June 26 (ANI): After its vast and largely volunteer-led support effort to feed the multitude at the Maha Kumbh Mela in Prayagraj earlier this year, the Adani Group has now turned its attention to another of India's most iconic religious festivals -- the Rath Yatra in Puri, Odisha. Held annually at the Lord Jagannath Temple in Puri, the nine-day chariot procession draws millions of pilgrims from across the country and beyond. For the Adani Group, corporate social responsibility has always extended beyond infrastructure, education and healthcare. Increasingly, it includes ...Read More >
Bhubaneswar, June 27: Billionaire Gautam Adani-led Adani Group on Friday started 'Prasad Seva' for the Lord Jagannath devotees in Puri, as they congregate in the holy town in large numbers for the nine-day chariot festival. The Jagannath Rath Yatra, one of the most sacred festivals of the country, draws lakhs of devotees from across the country, who converge at the temple town to take part in it every year. Gautam Adani took to X on Friday to announce that 'Prasad Seva' has been initiated for providing clean and nutritious food to devotees in Puri. "By the infinite grace of Lord Shri Jagannat ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Adani Group Chairman Gautam Adani made a rare display of his spiritual side when he, along with his family, participated in the Jagannath Ratha Yatra in Puri recently and also the Maha Kumbh in Prayagraj, earlier this year. In a heartwarming gesture, the billionaire businessman also made it a point to participate in the kitchen seva by joining the ISKCON volunteers in preparing and offering prasad to lakhs of devotees and frontline workers. This humble act of service from one of the country's richest businessmen earned him praise from all quarters. ISKCON, ...Read More >
Bhubaneswar (Odisha) [India], July 2 (ANI): The Bhubaneswar Municipal Corporation (BMC) has strongly condemned the assault on its Additional Commissioner Ratnakar Sahoo by a group of individuals. BMC Commissioner Rajesh Prabhakar Patil expressed shock over the incident and assured strict action against those involved. "The incident occurred yesterday while Mr Sahoo was attending to public grievances. We all condemn this ghastly act. An FIR was immediately lodged, and three people have been arrested. We have spoken to senior police officials and want stern action to be taken against the culpri ...Read More >