New Delhi: Global brokerage Jefferies has maintained its ‘buy’ rating on the stock of Adani Energy Solutions, saying the company’s growth story remains intact. The brokerage has kept its target price for the stock at Rs 1,300, implying a 67 per cent upside. “It is a 50 per cent premium to our implied 10 times … Read more
Ahmedabad: The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar. The conglomerate last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner. In a stock exchange filing, the company announced the sale of … Read more
Ship building activity has gathered momentum in coastal Karnataka with Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Limited (CSL), launching the first of the six 3800 TDW (tonnes of dead-weight) dry cargo vessels for Wilson ASA of Norway at its facility in Malpe, in Udupi district, on December 16. Scheduled … Read more
New Delhi: Leaders of some INDIA bloc parties on Monday protested inside Parliament complex and raised slogans to demand a joint parliamentary probe into the Adani issue. Leader of Opposition in the Lok Sabha Rahul Gandhi and Congress president Mallikarjun Kharge along with MPs of other opposition parties stood outside the Makar Dwar of Parliament … Read more
NEW DELHI: Opposition MPs led by Congress leader Rahul Gandhi on Monday staged a protest and also a mock ‘interview’ over the the Adani issue to corner the BJP-led NDA government. Wearing masks, two opposition MPs impersonated Prime Minister Narendra Modi and billionaire Gautam Adani, responding to questions posed by Rahul Gandhi.When Rahul Gandhi asked … Read more
Mumbai: Kerala Minister of Law, Industries and Coir P Rajeev said that public welfare and the state’s green development will remain the government’s top priority while attracting private investment and clarified that there were no restrictions on working with the Adani Group in future. Talking to reporters, Rajeev said the Adani Group’s Vizhinjam Seaport near … Read more
Mumbai: As the dust seems to have settled around Adani Group bonds after the recent US-related developments, global brokerage JP Morgan has said that Adani bond portfolio’s liquidity is stable, giving an Overweight (OW) rating on four bonds of the Adani Group firms. In a note, JP Morgan gave OW rating on three bonds of … Read more
Hitting out at BJP MPs for drawing linkages between a foreign investor and Rahul Gandhi, Congress on Thursday said “from day one, when Rahul Gandhi stood up against the government’s corruption, the agents of Adani have started abusing Rahul Gandhi”. Congress called on Lok Sabha Speaker Om Birla to ensure that Dubey takes back his … Read more
It’ll be Hindi-only House Broadcast: Sansad TV will only broadcast Rajya Sabha proceedings in Hindi now, with just the interpreter’s voice relayed when a member speaks in English. Previously, speeches were televised as spoken. According to sources, the modification was implemented at the instruction of Chairman Jagdeep Dhankhar. Due to the many distractions caused by … Read more
Thiruvananthapuram: The Kerala government and Adani Vizhinjam Port Private Limited have agreed to a supplementary concession agreement for the Vizhinjam International Port Project. The state cabinet meeting, chaired by Chief Minister Pinarayi Vijayan, approved the draft supplementary concession agreement. This approval comes after the withdrawal of arbitration proceedings. After consultations with the legal department and … Read more
