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.
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.
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.
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 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.
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.
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.
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