ADANI GROUP NEWS
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
Suzlon faces Adani, JSW challenge as wind energy market heats up; Q2 margins take a hit
Suzlon Energy faces intensifying competition from Adani, JSW and other players in India's wind energy market, even as its revenue grew 26% year-on-year to Rs 4,869 crore in Q2 FY27. EBITDA remained flat at Rs 720 crore, while the EBITDA margin narrowed to 14.8% from 18.6% a year earlier.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
Government open to media suggestions on Digital Personal Data Protection Act, promises to uphold press freedom
The Government of India is willing to consider suggestions from news organisations about the Digital Personal Data Protection Act. Ashwini Vaishnaw stated that journalistic freedom is guaranteed by the Constitution and will not be affected. Concerns have been raised about the Act's provisions potentially infringing on press freedom and the Right to Information Act. The Digital News Publishers Association argues for exemptions for journalism activities within the DPDP Act.
Centre open to changes in DPDP law to protect press freedom, says Ashwini Vaishnaw
The Centre aims to amend the Digital Personal Data Protection law to address concerns raised by news publishers. Union Minister Ashwini Vaishnaw stated that the law does not limit press freedom. This response follows a Supreme Court notice regarding a petition from the Digital News Publishers Association and others. Publishers argue the lack of exemption for journalism could jeopardize investigative reporting and confidential sources.
Supreme Court issues notice to Centre on media groups' challenge to privacy law
A petition from the Digital News Publishers Association challenges provisions of India's digital privacy law. The law may restrict journalistic activities by requiring consent from individuals under investigation. News publishers argue that this could hinder the freedom of the press and expose confidential sources. Concerns regarding the potential penalties for non-compliance have also been raised by the petitioners.
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F1's India comeback is gathering speed, but the road to the starting grid is far from clear
Formula 1’s return to Africa has revived hopes of an Indian Grand Prix comeback, with talks involving Formula One Management, the Adani Group and the government gaining momentum. The bigger challenge is not convincing F1 of India’s market potential but fixing the tax, customs and policy problems that drove the race out in 2013, while finding space on an already crowded calendar.
Oil Price Today (October 23): Crude oil ticks over $114, jumps nearly 8% this week as energy attacks intensify. What are experts saying?
Brent crude futures rose 50 cents, or 0.45%, to $114.02 a barrel, while US West Texas Intermediate (WTI) crude gained 40 cents, or 0.42%, to $100.
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
Adani, Jabil sign MoU for AI & data centre equipment JV
Adani Enterprises and Jabil are forming a joint venture to manufacture artificial intelligence and data centre equipment in India. This venture aims to produce AI racks, servers, storage, and networking equipment for data centres. Furthermore, it will include equipment needed for power supply and cooling systems. The companies anticipate meeting both domestic demand and supporting exports in the market.
Oil Price Today (October 7): Crude oil rises to $101, up 45% in 3 months. Two reasons behind Wednesday’s surge
Brent futures gained 93 cents, or 0.92%, to $101.51, while US West Texas Intermediate (WTI) crude rose 90 cents, or 1.01%, to $90.30 a barrel.
Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan
Adani Power shares gained 2% after the company signed a pact with Bhutan’s Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The ₹project will be developed through a 49:51 partnership, with construction expected to begin in the first half of 2027. The project is part of a broader 5,000-MW hydropower development programme.
Orbital Shift: India's space sector undergoing biggest transformation; pvt firms handle rockets, ISRO focus on more ambitious missions
India's space sector is undergoing significant changes as private companies engage in rocket production and management. The Indian Space Research Organisation is shifting its focus towards more ambitious missions and projects. This transition follows the introduction of the Indian Space Policy 2023, which emphasizes private sector participation. Concerns have been raised by ISRO employees regarding the agency's future and potential loss of capabilities.
Adani Group sets Rs 1 lakh crore Bengal investment target, unveils Rs 4,000 crore hospital
Gautam Adani announced plans to invest over Rs 4,000 crore in a healthcare facility in West Bengal. This investment will establish a 2,000-bed not-for-profit medical institution by 2035. Of these beds, 1,000 will be allocated for economically weaker sections under health insurance schemes. The overall plan aims for investment exceeding Rs 1 lakh crore in various sectors.
Global Market Today: Asian stocks rise after US tech rally, oil drops
MSCI’s Asia Pacific equity index climbed 0.3%, a sixth straight day of gains, with Japanese markets closed for a holiday. Bellwether chip stocks such as Samsung Electronics Co. and SK Hynix Inc. climbed.
Stocks in news: Adani Group, OMCs, Persistent Systems and IRB Infra
The Indian stock market closed lower on Tuesday, with profit-taking affecting investor sentiment. Adani Group companies resolved their SEBI adjudication issues tied to potential infractions. Focus turned to oil marketing firms in light of a sharp fall in crude oil prices. Persistent Systems expanded its stake in Nagarro, eyeing a potential delisting, alongside numerous companies announcing expansion and corporate milestones.
Factory floor or family office? India’s young rich alarm elders
India’s wealthy business families are increasingly shifting from traditional family businesses to family offices, private equity and startup investments. The trend reflects changing succession strategies as younger heirs cash out or diversify inherited wealth. From Sanghi Industries to Dabur and Homemade Baker’s, India’s next-generation business heirs are reshaping how family fortunes are managed and invested.
Nabfid sanctions Rs 3,000 crore-plus loans to at least four data centres as AI capex accelerates in India
Nabfid is sanctioning significant loans for India's growing data center infrastructure needs. These facilities support the nation's push for artificial intelligence and cloud computing capacity. The lender anticipates continued strong demand from hyperscalers and cloud service providers. Nabfid plans to raise approximately Rs 1 trillion to fund these large projects. This financing aligns with India's broader infrastructure investment in the digital economy.
Ready to fulfil obligations under Makkah defence pact: Pakistan
Pakistan affirmed its commitment to the Makkah defence agreement with Turkiye and Saudi Arabia. The pact ensures collective deterrence against armed attacks on any member nation. Defence Minister Khawaja Asif stated Pakistan will fulfill its obligations under the agreement. Foreign Office spokesperson reiterated the intent and spirit to uphold the defence deal.
JPMorgan, Jane Street probes show India scrutinizing Wall Street
India’s market regulator Sebi is intensifying scrutiny of global financial firms, targeting entities linked to JPMorgan, Jane Street, Bank of America and Capital Group over alleged market misconduct. The crackdown focuses on protecting retail investors, particularly in India’s huge options market, while pushing foreign institutions to strengthen compliance as regulatory oversight becomes more stringent.
Adani Ports wins Paradip berth project, adds 18 MMT capacity
Adani Ports has secured two dry bulk berths at Paradip Port. This development adds significant mechanised handling capacity to its network. The company's domestic port capacity will increase after this expansion. This project strengthens Adani Ports' presence along India's eastern seaboard. The new terminal will enhance access to industrial and mineral-rich regions.
Adani Group plans $2.5 billion refinancing in India’s biggest offshore loan this year
Adani Group plans a $2.5 billion offshore loan to refinance debt. This significant borrowing aims to cover the acquisition of two Indian cement firms. The group is seeking $1.5 billion through a bridge loan and $1 billion via a five-year facility. Discussions are ongoing with several international banks for the financing. The deal is expected to close before the end of October.
Adani rival GMR plans $2 billion expansion at two India airports
With plans to invest close to $2 billion, GMR Airports is set to embark on significant airport expansion initiatives. These developments promise to enhance passenger capacity within the next seven years. As India's aviation market is projected to grow six-fold, GMR's focus on domestic projects—not airline operations—reflects a strong optimism about the future of the country's aviation industry.
Adani Group denies allegations by US officials, says all possible legal recourse will be sought
The Adani Group refuted allegations by US authorities of a $250 million bribery scheme involving Indian officials. The conglomerate labeled the charges as "baseless" and pledged to pursue legal action. US prosecutors and the SEC accused Gautam Adani, his nephew, and a former Adani Green Energy CEO of orchestrating the scheme to secure solar energy contracts.
Adani Group’s cash balance highest-ever at Rs 42,115 crore; here’s what improved liquidity
Promoter-level entity has generated Rs 30,900 crore through secondary market sale of stake since March this year
Adani Group tells stock exchanges to protect investor interest
Adani Group has attributed the Tuesday, March 28, 2023 fall in its stocks to 'The Ken' report captioned “The Adani Group wants you to believe it has repaid all its loans against promoters. Here’s why you should not”.
Adani Group prepays $902 million share-backed loans
The run-up in stock prices helped the total market capitalisation of 10 listed Adani stocks gain about Rs 30,200 crore on Monday to Rs 8.85 lakh crore, beyond the $100 billion threshold.
Adani Group says business plan fully funded, will deliver superior returns to shareholders
"Balance sheet of each of our impendent portfolio companies is very healthy. We have industry-leading development capabilities, strong corporate governance, secure assets, strong cashflows, and our business plan is fully funded," Adani Group spokesperson said in a statement.
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