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BIZARRE: Adani ports - You Need To See This

Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports

Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS,…

The Economic Times

Adani Group cos post record $16 bn capex, all-time high EBITDA of Rs 94,834 cr in FY26

Adani Group companies achieved a record capital expenditure of Rs 1.53 lakh crore and an all-time high EBITDA of Rs 94,834 crore in FY26, fueling infrastructure expansion. Nearly 80% of investments targeted energy, utilities, transport, and logistics, with leverage maintained below the 3.5x target at 3.3x.

The Economic Times

Bernstein says Adani Group emerged stronger after short-seller episode and US developments

Adani Group has emerged stronger following past challenges. A report highlights improved financials and continued infrastructure expansion. Promoter share pledges have significantly reduced. The group's earnings show strong growth. Funding sources have diversified, easing liquidity concerns. Adani Group's core strength in large-scale infrastructure execution remains a key factor.

The Economic Times

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Adani turning back the clock: How two group stocks created Rs 1.3 lakh crore wealth in a lopsided Nifty year

Adani Enterprises and Adani Ports have generated over Rs 1.3 lakh crore in investor wealth this year. These two Adani Group stocks have significantly outperformed the Nifty index. This surge is driven by strong operational performance and renewed investor confidence. Adani Ports shows robust cargo growth and expansion. Adani Enterprises…

The Economic Times

Adani legal relief could be a turning point for India's biggest infrastructure bet: Deven Choksey

A potential dropping of US fraud charges against Gautam Adani could signal the end of an eighteen-month defensive period for the Adani Group. This development is expected to reopen doors to global capital, enable debt repricing, and allow the conglomerate to prioritize growth over legal concerns, according to market observers.

The Economic Times

Adani Group is jumping into Europe's deep waters. What can happen

Adani Ports is making a significant leap beyond traditional port operations, venturing into Europe's complex offshore and subsea market. Through a new partnership with Oceaneering International and its Astro Offshore arm, the company aims to become a global maritime infrastructure and offshore-services platform, focusing on deepwater engineering and underwater infrastructure…

The Economic Times

Where Modi goes, Adani follows: Inside the billionaire’s latest deal in Qatar

Days before the Emir of Qatar, Tamim bin Hammad Thani, arrived in India to a warm welcome from Prime Minister Narendra Modi, an Adani company and a Qatar company signed a joint venture that increases Gautam Adani’s footprint in maritime operations in the Gulf region – a morale booster for…

Newslaundry

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Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

Fortune

Adani Ports Aims To Challenge China's Seaport Dominance

Adani Ports CEO Karan Adani leads efforts to boost India's global trade presence amidst concerns about China's influence.

Top News

US invests $553 million in Gautam Adani’s Sri Lanka port to curb China’s influence

NEW DELHI: The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.

The Times of India

Israel, Hamas conflict casts shadow on ambitious economic initiatives: official

The extraordinary level of hostilities between Israel and Hamas are expected to cast a shadow on two of the major initiatives that the country has launched with India and other stakeholders

The Hindu

Adani Ports to buy back another $195 million of 2024 bond

MUMBAI: Adani Ports and Special Economic Zone Ltd will buy back as much as $195 million of its 2024 bond, as the Indian conglomerate backed by billionaire Gautam Adani seeks to move on from the allegations levied by a US shortseller.

The Times of India

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

Adani ports auditor Deloitte to quit after flagging concerns

MUMBAI: The auditor of billionaire Gautam Adani’s ports business is planning to resign, people familiar with the matter said, a move that may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

The Times of India

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ABC News

Adani proposed coal ventures to sanctioned Myanmar military despite public vow to cut ties, leaked documents show

International pressure led to Adani vowing to cut ties with Myanmar's military junta in 2021. Now, leaked documents reveal how the resources giant had been privately negotiating coal ventures with the sanctioned regime leaders.

The Hindu

Adani Ports starts $130 million buyback of debt securities

Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on April 24 that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024. Read the full story on The Hindu.

The Times of India

Star investor Rajiv Jain bets $1.9 billion on embattled Gautam Adani empire

MUMBAI: Adani Group’s stocks surged on Friday after winning a vote of confidence from one of the biggest names in emerging-market investing, helping cap the Indian conglomerate’s best week since late January when a US short-seller’s explosive report triggered an unprecedented rout.

The Times of India

Adani group firm repays Rs 1,500 crore in comeback strategy

NEW DELHI: Adani group firm Adani Ports SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.

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Al Jazeera

The Adani cloud over India

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.

The Times of India

Adani ports mulls repaying $605 million debt to calm investors

NEW DELHI: Gautam Adani’s ports unit is considering to repay about 50 billion rupees ($604.6 million) of loans, as the beleaguered Indian tycoon seeks to trim debt after a short seller attack put his empire’s financial health and corporate governance under scrutiny.

The Times of India

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

Sensex plunges over 750 points as financial, IT shares drag; Adani group stocks sink

NEW DELHI: Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 750 points amid heavy selloff in financial and IT stocks.

The Independent UK

Indian coal magnate Gautam Adani goes green

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

The Economic Times

Adani arm seeks licence to expand power distribution in Mumbai including JNPT

The group, whose assets include the Adani Ports business, is also vying to distribute power to the country's largest container port JNPT located near Navi Mumbai. The parallel distribution licence application is the first such move by any player under the Electricity Act 2003. The application has been admitted by…

Asharq Al-Awsat

Israel to Sell Haifa Port to India’s Adani Ports, Gadot Group for $1.2 Billion

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Gadot and Adani made it to the end of a two-year tender process…

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