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Bhubaneswar: CM Mohan Charan Majhi on Wednesday unveiled 36 industrial projects -- inaugurated 11 and laid foundation stones of 25 -- with a total investment of Rs 40,811 crore, which are expected to generate 59,050 jobs.The projects -- spread across multiple districts -- span sectors such as green energy equipment, metals and downstream industries, textiles and apparel, plastics, tourism, agriculture and food processing, defence manufacturing, IT and ITES, automobile and cement.The bulk of the ...Read More >
Mumbai: Adani Group stocks, including Adani Enterprises, Adani Green Energy and Adani Ports, rose in the range of 3-12% Wednesday after Gautam Adani approached a US court to seek dismissal of a civil fraud case filed by the Securities and Exchange Commission (SEC). Among Adani group stocks, Adani Green Energy led the gains with a 12% jump, followed by Adani Energy Solutions at 9%, Adani Enterprises at 8.6%, Adani Total Gas at 7.3%, Adani Ports and Special Economic Zone at 5%, and Adani Power at ...Read More >
Bhubaneswar, Apr 8 (PTI) Odisha Chief Minister Mohan Charan Majhi on Wednesday launched 36 industrial projects worth Rs 40,811 crore, which are expected to generate 59,000 jobs, officials said. Of the 36 projects, Majhi inaugurated 11 industrial units and laid foundation stones for 25 others at separate locations like Bhuinpur in Khurda district and Ramdaspur Industrial Area in Cuttack in the presence of senior officials and industry leaders. The projects span sectors including green energy eq ...Read More >
Bhubaneswar: In a significant push to industrial expansion, Odisha Chief Minister Mohan Charan Majhi on Wednesday launched and laid the foundation for 36 projects entailing investments of over Rs 40,800 crore, signalling a shift from policy intent to on-ground execution. The projects, spread across multiple districts, are expected to generate more than 59,000 jobs and span a diversified sectoral base -- from green energy equipment and metals to textiles, defence manufacturing, IT/ITeS, automobi ...Read More >
Mumbai, April 8: Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains. The positive momentum came amid easing global tensions and steady domestic policy signals. The Nifty closed 3.78 per cent higher, gaining 873.70 points to end at 23,997.35. Meanwhile, the Sensex surged 3.95 per cent, rising 2,946.32 points to settle at 77,562.90. Commenting on Nifty technical outlook, experts said that from a technical standpoint, t ...Read More >
Mumbai: Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains. The positive momentum came amid easing global tensions and steady domestic policy signals. The Nifty closed 3.78 per cent higher, gaining 873.70 points to end at 23,997.35. Meanwhile, the Sensex surged 3.95 per cent, rising 2,946.32 points to settle at 77,562.90. Commenting on Nifty technical outlook, experts said that from a technical standpoint, the 23,7 ...Read More >
New Delhi, Apr 8 (PTI) Adani Group stocks were in the limelight on Wednesday, with Adani Total Gas and Adani Green surging over 13 per cent, in tandem with a sharp rally in the broader equity market. A US judge granted a request from billionaire Gautam Adani to schedule a hearing in efforts to dismiss a US Securities and Exchange Commission fraud case, which he says lacks necessary jurisdiction as well as fails on multiple reasons. This followed lawyers of Adani and his nephew, Sagar filing a ...Read More >
Mumbai: Adani Group stocks saw a sharp rally after a major relief from a US court. Investors reacted positively, leading to strong buying across group companies. Many stocks gained between 6 percent and 10 percent, reflecting improved market sentiment. Adani Energy Solutions and Adani Enterprises rose up to 10 percent, while Adani Green Energy also jumped 10 percent. Adani Ports & SEZ gained over 8 percent, and Ambuja Cement and Adani Total Gas climbed around 9 percent. ACC rose about 7.5 perce ...Read More >
New Delhi [India], April 8 (ANI): Indian benchmark indices opened with significant gains on Wednesday as global investor sentiment improved following the announcement of a ceasefire between the United States and Iran. BSE Sensex stood at 77,230.04 points, marking an increase of 2,613.46 points or 3.50 per cent at 9:15 am. Simultaneously, NSE Nifty 50 stood at 23,855.15 points, up by 731.50 points or 3.16 per cent. A key trigger for the rally was the sharp correction in crude oil prices, with Br ...Read More >
Vedanta had approached the court seeking a stay on Adani Enterprises' Rs 14,500-crore resolution plan. In a setback to Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises' resolution plan for debt-ridden Jaiprakash Associates Ltd. A bench, led by Chief Justice (CJI) Surya Kant, noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no r ...Read More >
New Delhi: The Supreme Court Monday refused to stay the implementation of Adani Group's ₹14,500-crore debt resolution plan for debt-laden Jaiprakash Associates (JAL). A bench led by Chief Justice Surya Kant said it didn't see any reason to interfere with the National Company Law Appellate Tribunal (NCLAT) interim order allowing the implementation of the resolution plan, a decision challenged by Anil Agarwal-owned Vedanta. Noting that Vedanta's appeal is now listed for final hearing on April 10 ...Read More >
New Delhi, Apr 6 (PTI) The Supreme Court on Monday declined to stay the implementation of the Adani group's Rs 14,535-crore bid to acquire the debt-ridden Jaiprakash Associates Limited (JAL), but provided a safeguard by restraining the firm's monitoring committee from taking any "major policy decisions" without prior nod of the National Company Law Appellate Tribunal. A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi asked mining giant Vedanta Ltd, which is opposing the resolution ...Read More >
New Delhi/Mumbai: The Supreme Court has refused to stop Adani Enterprises' Rs 14,543 crore resolution plan for bankrupt Jaiprakash Associates Ltd (JAL). The court dismissed Vedanta's request to halt the process, allowing implementation to continue for now. However, the court said that the monitoring committee must take approval from the National Company Law Appellate Tribunal (NCLAT) before making any major decisions. Case Still Under Review The court also asked NCLAT to hear Vedanta's appeal ...Read More >
NEW DELHI: The Supreme Court on Monday did not interfere with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). The bench, however, restrained the monitoring committee of ailing JAL from taking any major policy decision without a prior nod from the NCLAT. The top court asked mining giant Vedanta Ltd and successful resolution applicant, Adani Enterprises Ltd, to raise contenti ...Read More >
New Delhi: The Supreme Court on Monday did not interfere with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). The bench, however, restrained the monitoring committee of ailing JAL from taking any major policy decision without a prior nod from the NCLAT. The top court asked mining giant Vedanta Ltd and successful resolution applicant, Adani Enterprises Ltd, to raise contentio ...Read More >
New Delhi, Apr 6 (PTI) The Supreme Court on Monday did not interfere with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). The bench, however, restrained the monitoring committee of ailing JAL from taking any major policy decision without a prior nod from the NCLAT. The top court asked mining giant Vedanta Ltd and successful resolution applicant, Adani Enterprises Ltd, to ra ...Read More >
The Adani family participated in the holy rituals at the temple and offered prayers. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Gautam Adani visited the Ram Temple in Ayodhya with his family during Hanuman Jayanti celebrations * The Adani family participated in rituals and offered prayers to Ram Lalla at the newly inaugurated temple * Adani described the temple as a symbol of India's culture, unity, and self-confidence Did our AI summary help? Let us know. Switch To Beep ...Read More >
Mumbai : For travellers rushing through departures, a forgotten charger, a quick snack or even a bottle of water can now be a tap away. Adani Airport Holdings Limited (AAHL), India's largest private airport operator, in partnership with Blinkit, India's leading quick commerce platform, has launched India's first in-terminal quick commerce service at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai. The service is now live at Terminal 2, domestic departures, bringing app-based d ...Read More >
New Delhi, Mar 31 (PTI) Mining billionaire Anil Agarwal's Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group's offer. In its petition challenging the lenders' decision to accept Adani's takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross value terms and roughly Rs 500 crore more in net present value compared to the Adani Group's offer. In the bid ch ...Read More >
The LMGs were handed over at the company's small arms complex in Gwalior. Gwalior: The Indian Army received the first batch of 2,000 indigenously manufactured 'Prahar' light machine guns (LMGs) from Adani Defence and Aerospace in partnership with Israel Weapon Industries on Saturday. The 7.62 mm-calibre weapons are part of a larger order of over 40,000 guns and have been produced in India under the 'Make in India' programme. With the delivery completed 11 months ahead of schedule, the LMGs w ...Read More >
he new routes will link Navi Mumbai to cities including Agra, Ayodhya, Bagdogra, Belgaum, Chandigarh, Diu, Kannur, among others. IndiGo is set to significantly expand its operations from the Navi Mumbai International Airport, adding over 30 new routes between March 29 and April 23. The move will connect Navi Mumbai to a wide range of cities across India, further strengthening the airport's role as an emerging aviation hub. According to a press release issued by the airline, the new routes will ...Read More >
'After some days, the decision was changed. Don't want to go into the details. That is for the right forum,' says Anil Agarwal, chairman of Vedanta Resources. Anil Agarwal, chairman of Vedanta Resources Limited, on Sunday said the company had been declared the highest bidder for Jaiprakash Associates Ltd (JAL), but the outcome of the insolvency process was subsequently altered. In a post on X, Agarwal said the bidding process was conducted through a public auction by the committee of creditors ...Read More >
New Delhi: Anil Agarwal-owned Vedanta has moved the Supreme Court, seeking stay on the Adani Group's ₹14,500-crore debt resolution plan for now insolvent Jaiprakash Associates (JAL). Challenging the rejection of its revised bid, Vedanta told the apex court that the insolvency process lacked transparency and failed to maximise value for creditors. It alleged that the process followed by the JAL's committee of creditors in approving the plan of Adani Enterprises (AEL) was "unfair, opaque, and ine ...Read More >
New Delhi, Mar 30 (PTI) Mining giant Vedanta Ltd has moved the Supreme Court seeking a stay on the NCLT's order approving Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). According to the information available on the top court's website, Vedanta filed its appeal on March 25, a day after the National Company Law Appellate Tribunal (NCLAT) refused to stay implementation of the plan. Adani Enterprises Ltd., meanwhile, has also filed a caveat in the Supreme Court, requ ...Read More >
New Delhi, March 12 (UNI) The Indian stock market on Thursday extended its losses for the second consecutive session amid escalating geopolitical tensions. At the close, the Sensex was down 829.29 points, or 1.08 per cent, at 76,034.42, while the Nifty fell 227.70 points, or 0.95 per cent, to 23,639.15. The Nifty Midcap and Smallcap indices declined by 0.4 per cent and 0.7 per cent, respectively. The overall market capitalisation of BSE-listed firms dropped to nearly Rs 436 lakh crore from ar ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) has alleged that Pranav Adani had shared price-sensitive information about Adani Group's open offer to acquire shares of NDTV (New Delhi Television) with his brothers-in-law, violating insider trading norms, showed a document reviewed by ET. The allegations pertain to August 2022, when the broadcaster was being taken over by the Adani Group. Pranav Adani is a director of Adani Enterprises. Sebi has served show cause notices to Pranav Ad ...Read More >
NEW DELHI: At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
NEW DELHI, Dec 9 (Reuters) - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking ...Read More >
NEW DELHI, Dec 9 - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorie ...Read More >
Mumbai: Adani Enterprises, the flagship company of the Adani Group, is gearing up for another round of major value unlocking by listing multiple subsidiaries-including airports, metals, roads, and data centres-between 2027 and 2031, according to sources aware of the development. Over the next three years, the company expects several large assets to mature, setting the stage for fresh listings. This follows the trajectory from 2016 to 2020, when a host of companies under the incubator-Adani Tota ...Read More >
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