KARAN ADANI
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
As momentum builds for F1's India return, Pranav Adani makes ''personal'' visit to Singapore GP
Pranav Adani visited the Singapore Grand Prix in a personal capacity, attracting attention for India's Formula 1 prospects. The Adani Group has acquired Jaypee Group's assets, including the Buddh International Circuit, which previously hosted races. Karan Adani has expressed interest in reviving Formula 1 in India, with government support evident in task force formation. Significant financial and logistical challenges must be addressed for the return of the sport to India.
After Hindenburg: 5 Adani group companies settle disclosure violation case with Sebi
Five Adani group firms settled Sebi adjudication proceedings over alleged disclosure and governance lapses flagged in the Hindenburg Report, paying ₹1.51 crore without admitting or denying violations.
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.
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.
CAS here to stay, liquidity will pick up, says Sebi Chief
Sebi chief Tuhin Kanta Pandey stated the closing auction session is here to stay. He acknowledged initial liquidity concerns, which have improved in other markets. Pandey mentioned Sebi will soon issue a consultation paper on the CAS framework. Some market participants praised the implementation, especially during MSCI rebalancing events. However, a segment of the market faces impacts due to settlement price dependency.
- Go To Page 1
NPA provisions fall for second straight quarter as bank asset quality improves
Aggregate loan loss provisioning by banks dropped significantly year-on-year. This decline was driven by improving asset quality and fewer fresh slippages. Provision coverage ratios also reduced the need for fresh funds. Public sector banks saw a 19.8 percent fall in provisioning. Private sector banks registered a sharper 33.6 percent reduction in provisioning.
BSE tech glitch disrupts F&O trading on Sensex expiry day
On Thursday, the BSE faced technical difficulties, leading to obstacles in executing trades related to futures and options during the crucial weekly Sensex expiry. According to the exchange, there was a short outage that affected specific segments of the cash market. Fortunately, normal operations resumed once the issue was addressed, although brokers reported similar disruptions on their trading platforms that were subsequently rectified.
Sebi launches Demat 2.0 pilot for tokenised corporate bonds
Sebi has launched Demat 2.0, a pilot for tokenised corporate bonds using distributed ledger technology and wholesale e-rupee settlement. REC, L&T and IIFL have raised Rs 1,025 crore, while future phases will enable trading and retail investor access in India.
Karan Adani settles PMC Projects case with Sebi by paying Rs 13.65 lakh
The settlement relates to an investigation into banking transactions and inter-corporate security deposits involving PMC Projects (India) Private Limited, Adani Ports and Special Economic Zone Ltd (APSEZ), and the port operator's subsidiaries.
Adani Group to set up 2,000-bed hospital in Bengal, 1,000 beds to be free
The Adani Group plans to establish a significant 2,000-bed hospital in New Town. Half of these beds will be allocated for free treatment of the poor. West Bengal Chief Minister Suvendu Adhikari confirmed this development. He stated that Karan Adani had met him regarding the project. Gautam Adani has sent a commitment letter to begin work soon.
India can become net aluminium exporter with competitive production, says Karan Adani
India can become a major aluminium exporter if production costs are competitive, according to Karan Adani. Despite existing capacity, the nation imports the metal, indicating strong domestic demand. Adani Group plans a massive integrated aluminium project in Odisha, committing $11.5 billion to establish a refinery, smelter, and downstream park, aiming to bridge the supply-demand gap and create over 53,000 jobs.
West Bengal CM Suvendu Adhikari meets Karan Adani on infrastructure plans
West Bengal Chief Minister Suvendu Adhikari met with Adani Ports MD Karan Adani. Discussions focused on power, logistics, and infrastructure investments. The Chief Minister assured full support for Adani Group's projects in Bengal. The Adani Group had previously pledged Rs 10,000 crore in investments. This meeting follows earlier discussions about the Tajpur port project.
Adani Group invested Rs 10,000 Crore generating over 7,000 jobs in last 3 years in Telangana: Karan Adani
Adani Group has invested Rs 10,000 crores in Telangana over three years. Investments span defense manufacturing, data centers, renewable energy, and cement facilities. This has created over 7000 jobs. The group highlighted its UAV manufacturing facility and highway projects. Adani Cement also established new plants. These developments support Telangana's infrastructure growth and economic goals.
ACC on track to build 30% of India’s future? Karan Adani responds
ACC Chairman Karan Adani highlighted the cement industry's pivotal role in India's infrastructure development, projecting significant benefits from the anticipated USD 2.2 trillion investment by 2030. ACC, now exceeding 100 MTPA capacity, aims for 140 MTPA by FY28, leveraging Adani Group synergies in logistics and resources.
Aim is to make Vizhinjam port most efficient in logistics cost terms: Karan Adani
Adani Group launched Vizhinjam International Deepwater Multipurpose Seaport. Karan Adani aims to make it the most efficient port globally. Phase 2 is expected to complete by 2028. The port will reduce reliance on foreign transshipment. It targets a 25-30 per cent reduction in logistics costs. Adani also highlighted the role of their ports in the India-Middle East Corridor project.
Adani succession plan: The four heirs to Adani's $213 billion empire
Adani Group chairman Gautam Adani, 62, announced plans to retire at 70 and pass control of his empire to the next generation. His sons, Karan and Jeet, along with their cousins, Pranav and Sagar, will share equal ownership in the family trust. They currently hold key positions across the Adani Group's various branches.
Adani eyes port in Vietnam to tap trade opportunities
Billionaire Gautam Adani's company, Adani Ports, plans to build a new port in Da Nang, Vietnam, after receiving initial approval from the Vietnamese government. This project aims to enhance trade infrastructure with container terminals and versatile berths for various cargoes. Adani Ports, already operating in Israel, Sri Lanka, and Tanzania, seeks to boost India's maritime role. With ambitions to increase international operations from 5% to 10% by 2030, they target regions like the Middle East, Southeast Asia, and East Africa for expansion.
Vizhinjam port has created 2,000 direct and indirect jobs, will create 5,500 more by 2028-29: Karan Adani
The mothership 'San Fernando' recently berthed at the new Vizhinjam International Seaport, marking a historic day for India's maritime industry and its entry into global transshipment. The port is poised to become a critical player in international trade routes, boasting state-of-the-art infrastructure and advanced technologies. With a significant investment and job creation, Vizhinjam is set to revolutionize maritime operations and solidify its position as a key transshipment port.
Adani Green to invest $750 mn in Sri Lanka power sector, says Karan Adani
Adani Ports CEO Karan Adani on Wednesday said that Adani Green, a unit of the Adani Group, has been planning a substantial investment of $750 million in Sri Lanka's power sector, as per ET Now. The decision is aimed at bolstering Sri Lanka's energy infrastructure and promoting the transition to cleaner and more sustainable sources of power.
Adani Group weighs $3 billion investment in Vietnam
The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of Adani Ports and Special Economic Zone, a unit of the cooking oil-to-coal mining conglomerate Adani Group
Karan Adani, Anant Ambani among members of advisory panel announced by Maharashtra govt to achieve $1 trillion economy goal
The Adani junior has been named as the expert on the ports and SEZ sector in the 21-member body. The name of Anant Ambani, the youngest son of Reliance Industries chairman Mukesh Ambani, appears next to the "diversified" sector in the list of the EAC members. Anant is the Executive Director of Reliance Industries.
Ambuja Cements gets shareholders' nod for raising Rs 20,000 cr from Adani group firm
Resolutions to appoint Adani Group Chairman Gautam Adani, his son Karan Adani and two directors and four independent directors on the board of Ambuja Cements were also approved by the shareholders.
Karan Adani, son of Asia’s richest man Gautam Adani, set to oversee newly acquired cement companies
Karan, 35, is currently the chief executive officer of Adani Ports and Special Economic Zone Ltd. He’s expected to find synergies between the group’s ports and cements businesses in order to create an integrated logistics firm, the people said.
Karan Adani’s daughter has been named Anuradha
Anuradha will stay at her maternal grandparents’ home for a little over a month, before leaving for the Adani residence in Ahmedabad.
Adani Jr turns daddy, blessed with a baby girl
Paridhi’s father Cyril Shroff has planned a gift for the baby & the new parents. He will give them a book of his sketches based on values.
Gautam Adani's son Karan Adani takes over as CEO of Adani Ports and SEZ
Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and SEZ with effect from January 1, 2016.
Port-of-call: Here's why Adani junior loves visiting Dhamra, Vizag and Ennore
Heir to the $9.4 billion Adani Group, Karan Adani, in-charge of the company's port business arm, says he loves to explore these places.
Karan Adani, wife Paridhi spotted at the ET Excellence Awards 2014
His head and heart lie in ports, but ETPanache spotted Karan Adani, scion to billionaire Gautam Adani, in a different milieu last week.
Load More
