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Adani Group's Rs 493 crore open offer for NDTV to start on 22 November
Business

Adani Group's Rs 493 crore open offer for NDTV to start on 22 November

The offer with a price band of Rs 294 per share will open on 22 November and close on 5 December, said a notice by JM Financial, the firm managing the offer on behalf of Adani Group firms

I-T department nod not needed for Adani to acquire NDTV shares, say experts
Business

I-T department nod not needed for Adani to acquire NDTV shares, say experts

The Adani group has acquired a little-known firm, VCPL, that lent over Rs 403 crore to NDTV's founders more than a decade ago in exchange for warrants that allowed the company to acquire a stake of 29.18 per cent in the news group at any time

Adani Logistics acquires ICD Tumb from Navkar Corp for Rs 835 crore
Business

Adani Logistics acquires ICD Tumb from Navkar Corp for Rs 835 crore

The company said the acquisition is in line with its strategy to build integrated transport utility and pan India logistics infrastructure, and Tumb adds to the existing seven multi-modal logistics parks in the Adani Logistics portfolio

5G spectrum auction: Reliance Jio top bidder with Rs 88,078 crore bid
Business

5G spectrum auction: Reliance Jio top bidder with Rs 88,078 crore bid

In all, bids worth Rs 1.5 lakh crore were received, Telecom Minister Ashwini Vaishnaw said. He added that 5G services could be launched by October

After cement, Adani enters healthcare, sets up subsidiary Adani Health Ventures Ltd
Business

After cement, Adani enters healthcare, sets up subsidiary Adani Health Ventures Ltd

For its healthcare foray, the group reportedly has been in talks with big names in the sector and may invest up to $4 billion

Adani Group takes over Thiruvananthapuram International Airport despite LDF, UDF protests
India

Adani Group takes over Thiruvananthapuram International Airport despite LDF, UDF protests

Kerala chief minister Pinarayi Vijayan had criticised the takeover, saying it was not for the development of the facility but to protect the interest of monopolies

Mundra Drug Bust: NIA takes over probe into seizure of 2,988 kg heroin in Gujarat
India

Mundra Drug Bust: NIA takes over probe into seizure of 2,988 kg heroin in Gujarat

The case relates to the seizure of 2,988.21 kg of heroin, disguised as consignment of semi-processed talc stones originating from Afghanistan, which had arrived at the Mundra port from Bandar Abbas Port in Iran,

Adani Green completes acquisition of SB Energy India for whopping $3.5 billion
India

Adani Green completes acquisition of SB Energy India for whopping $3.5 billion

With this deal, SB Energy India is now a 100 percent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.

Mukesh Ambani tops Hurun India Rich List, Gautam Adani takes second place; here are 10 wealthiest Indians
India

Mukesh Ambani tops Hurun India Rich List, Gautam Adani takes second place; here are 10 wealthiest Indians

According to the list, wealth creation has become more decentralised in India, and government policies such as production-linked incentives have helped many entrepreneurs become billionaires

Adani group rejigs airport business leadership; to relocate AAHL head office from Mumbai to Ahmedabad
Business

Adani group rejigs airport business leadership; to relocate AAHL head office from Mumbai to Ahmedabad

The reshuffle comes following Adani Airport Holdings Ltd's acquisition of Mumbai Airport International Airport Ltd from the GVK group

'Blatantly erroneous and misleading': Adani Group rejects report on FPI account freeze
Business

'Blatantly erroneous and misleading': Adani Group rejects report on FPI account freeze

Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd froze the accounts of the three foreign funds that are among the top stakeholders in the firms

Adani Group stocks tumble up to 25% amid reports of NSDL freezing three FPI accounts
Business

Adani Group stocks tumble up to 25% amid reports of NSDL freezing three FPI accounts

Adani Enterprises tumbled 24.99 percent, while Adani Ports and Special Economic Zone plummeted by 18.75 percent on the BSE

Adani Wilmar hires investment banks to raise Rs 5,000 crore via IPO
Business

Adani Wilmar hires investment banks to raise Rs 5,000 crore via IPO

The firm has hired investment banks such as JP Morgan and Kotak Mahindra Capital to manage the initial public offer

Targeting big business counterproductive, ingenuity, resourcefulness of Indian entrepreneurs integral to growth
Business

Targeting big business counterproductive, ingenuity, resourcefulness of Indian entrepreneurs integral to growth

It is the ingenuity and the resourcefulness of Indian entrepreneurs as well as family businesses that hauled us out of that era of scarcity and want.

India vs Australia: Two protesters enter field holding 'No $1B Adani Loan' signs during 1st ODI in Sydney
Sports

India vs Australia: Two protesters enter field holding 'No $1B Adani Loan' signs during 1st ODI in Sydney

One of the invaders, carrying a placard denouncing India's Adani Group's coal project in Australia, reached close to the pitch just before pacer Navdeep Saini was getting ready to bowl the sixth over of the home team's innings.

Kerala's CPM to send 2 lakh emails to Modi opposing privatisation of Thiruvananthapuram airport
India

Kerala's CPM to send 2 lakh emails to Modi opposing privatisation of Thiruvananthapuram airport

The move was announced a day after Kerala CM Pinarayi Vijayan demanded withdrawal of the Union cabinet decision to lease out Thiruvananthapuram airport to the Adani group

GMR, Adani, Reliance Infra in race for 2 railway stations development in Andhra Pradesh; to be built under DBFOT model
Business

GMR, Adani, Reliance Infra in race for 2 railway stations development in Andhra Pradesh; to be built under DBFOT model

The pre-bid meeting comes after RLDA floated an RFP inviting bids for the selection of a suitable public or private entity for re-development of Nellore and Tirupati railway stations.

'Narendra Modi speaks of moon mission, Article 370, but silent on farmers' plight, jobs,' says Rahul Gandhi at Vidarbha rally
Politics

'Narendra Modi speaks of moon mission, Article 370, but silent on farmers' plight, jobs,' says Rahul Gandhi at Vidarbha rally

Congress leader Rahul Gandhi on Tuesday called Prime Minister Narendra Modi a 'loudspeaker' of certain industrialists, and said his strategy was like that of a pickpocket who diverts attention to steal

Australian state says final approvals for Adani's coal mine to be decided within three weeks
Business

Australian state says final approvals for Adani's coal mine to be decided within three weeks

The process to obtain final approvals for Indian energy giant Adani's Carmichael coal mine in Australia will be settled within three weeks, the leader of the country's Queensland state said on Friday as she sought to expedite the controversy-hit project

Kerala government moves high court against AAI handing over Thiruvananthapuram airport to Adani
Business

Kerala government moves high court against AAI handing over Thiruvananthapuram airport to Adani

The Kerala government has moved the high court challenging the AAI's "arbitrary and illegal" attempt to prefer Adani Enterprises for the management of Thiruvananthapuram International Airport