Ambuja Cements, part of Adani Group, will acquire a 46.8% stake in Orient Cement Ltd for ₹8,100 crore. The deal includes an open offer for an additional 26% stake and aims to enhance Ambuja’s cement capacity to 100 MTPA by FY25.
6 min read22 Oct 2024In Q2FY25, retail investors trimmed holding in 7 of 11 Adani Group stocks, with Adani Green Energy seeing the largest drop. Eight group stocks ended in the red, while only three stocks posted gains during the quarter.
2 min read15 Oct 2024Adani Group’s flagship company, Adani Enterprises, announced that the conglomerate has merged two of its subsidiaries with Adani New Industries Limited, according to the company’s BSE filing on Wednesday
1 min read2 Oct 2024Motilal Oswal maintains a ’buy’ rating for Adani Ports, targeting ₹1,850. The firm anticipates 11 per cent cargo growth from FY24 to FY26, despite temporary disruptions. APSEZ aims to be India’s largest transport utility by 2030, bolstered by strategic investments and acquisitions.
3 min read23 Sep 2024Despite recent volatility, Adani Energy Solutions shows promise, with Cantor initiating an ’overweight’ recommendation and a target price of ₹2,251. The firm anticipates robust growth driven by its diverse operations in India’s energy sector.
2 min read20 Sep 2024Ambuja Cements, a major player in India’s cement industry, is facing a perfect storm of challenges. The company has been hit with a significant customs penalty and its Chief Manufacturing Officer has been arrested on bribery charges.
1 min read13 Sep 2024Hindenburg Research alleged that Swiss authorities have frozen more than $310 million in funds across several Swiss Bank accounts linked to the money laundering and securities investigation of Adani Group, according to the firm’s social media post on platform X, on September 12.
1 min read12 Sep 2024Adani Green Energy and TotalEnergies have formed a joint venture to oversee a portfolio of solar projects totalling 1,150 MW at Khavda in Gujarat.
1 min read3 Sep 2024Short positions created on Adani Enterprises, Adani Ports after 10 August, shows F&O data.
3 min read19 Aug 2024In its August 2024 Index Review, MSCI said it will resume normal operations and implementation of the index review, including changes in the Number of Shares (NOS), Foreign Inclusion Factor (FIF) and Domestic Inclusion Factor (DIF) of Adani Group and associated securities.
1 min read13 Aug 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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