January 14, 2025
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Ambuja Cements to Acquire Orient Cement in ₹8,100 Crore Deal, Boosting Market Presence

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Ambuja Cements, part of the Adani Group, announced its acquisition of Orient Cement Ltd (OCL) in an ₹8,100 crore deal. Ambuja acquired 46.8% of OCL from its promoters and public shareholders. The acquisition, fully funded through internal accruals, will strengthen Ambuja’s cement production and market presence while reducing logistics costs and lead distances. With Continue Reading
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Adani Group AGM: Gautam Adani Denounces Hindenburg Report as Defamatory Campaign

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Billionaire Gautam Adani, during the annual shareholders meeting of Adani Enterprises Ltd., declared that his conglomerate is stronger than ever, with record earnings, robust cash positions, and the lowest debt ratios in its history. He attributed this strength to the group’s infrastructure focus, which positions it well to capitalize on India’s anticipated Continue Reading
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Adani family plans to invest $1 billion in Adani Green Energy: Report

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Billionaire Gautam Adani, along with his family, is reportedly planning a substantial $1 billion investment in Adani Green Energy, as per sources from Bloomberg News. The proposed strategy involves the issuance of preferential shares to the founders of Adani Green, aimed at supporting the company’s expansion efforts and addressing refinancing needs. Adani Green Continue Reading
Business Featured Latest News

Adani Group To Invest ₹ 8,700 Crore In Bihar, Will Create 10,000 Jobs

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The Adani Group has outlined an ambitious investment plan of ₹8,700 crore in Bihar, spanning various sectors, according to Pranav Adani, Director of Adani Enterprises. This significant investment is anticipated to generate direct and indirect employment opportunities for approximately 10,000 individuals. Speaking at the Bihar Business Connect 2023 plenary session, Adani Continue Reading
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Adani Group Establishes Partnership for Green Hydrogen Marketing in Japan

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Adani Group has announced a 50:50 joint venture with the Japanese conglomerate Kowa Group to market green hydrogen in Japan, Taiwan, and Hawaii. The billionaire-led Adani conglomerate is committing up to $50 billion over the next decade to establish a comprehensive green hydrogen ecosystem in India, initially producing 1 million tonnes of green hydrogen and […]Continue Reading
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Adani TotalEnergies E-Mobility Collaborates with Evera Cabs to Establish Charging Hubs

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Adani TotalEnergies E-Mobility Limited (ATEL) has announced a partnership with the all-electric cab aggregator Prakriti E-Mobility (Evera) to establish electric vehicle (EV) charging infrastructure. The collaboration will focus on creating a centralized hub of 200 EV charging points in Delhi, with plans to expand across India to promote eco-friendly mobility and meet the Continue Reading
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“Hindenburg May Be Best Thing That Happened To Adani”: Swaminathan Aiyar

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According to economist Swaminathan S. Anklesaria Aiyar, the Hindenburg report might be the “greatest thing” that has ever happened to billionaire Gautam Adani since it might instill financial discipline within the conglomerate. Following allegations of unlawful use of tax havens and stock manipulation by the “apples-to-airports” conglomerate made in Continue Reading
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Gautam Adani’s Plans To Handle His Ballooning Wealth Overseas: Report

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According to those acquainted with the negotiations, Asia’s richest man, Gautam Adani, is considering establishing a family office abroad to manage his soaring wealth. The insiders, who asked to remain anonymous since the topic is private, said that the chairman of the ports-to-power Adani Group conglomerate is considering Dubai or New York as the basis […]Continue Reading

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