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Ambuja cements acquire sanghi industries
BusinessEconomic & Finance

Adani Group’s Ambuja Cements Makes Strategic Move with Acquisition of Sanghi Industries for ₹5,000 Crore

Taking advantage of the Hindenburg effect, the Adani Group is back on its expansion path via an inorganic route. On Thursday, Ambuja Cements said it acquired Sanghi Industries (SIL) for a value of ₹5,000 crore. The acquisition will be fully funded by internal accruals. Ambuja will acquire 56.74% of SIL from its existing promoter group,

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Adani copper project
BusinessEconomic & FinanceEnergy & Environment

Adani $1.1 billion copper project will begin operations From March 2024

The Adani Group’s copper-producing facility in Mundra, Gujarat will commence its operations in March 2022, reducing India’s reliance on foreign imports while aiding the energy transition. Copper is known to be a popular conductor due to its use in wires for deeper electrification; as such, it is essential for technologies such as electric vehicles, charging

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Foreign portfolio investment
Economic & FinanceInvesting

Strengthening Investor Trust: How India’s Regulatory Changes Benefit Foreign Portfolio Investors

Foreign portfolio investments(FPIs) mainly focusing on a single corporate group must now provide information regarding their ownership and economic interests to the Indian regulator, Sebi. This stipulation was announced on Wednesday in an attempt to prevent potential abuse of the Foreign Portfolio Investments(FPIs) and guard against the dangers of an unsolicited takeover attempt of Indian

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Economic & FinanceStocks & Funds

The Adani-Hindenburg Effect: SEBI Takes Action on Risky FPI Holdings

The Securities and Exchange Board of India (SEBI) released a consultation paper seeking to impose additional transparency measures on foreign portfolio investors (FPI) who pose a high risk. Among other things, these disclosures are intended to prevent misuse of the FPI route by foreign investors to take over Indian companies. By highlighting other risks, such

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Adani group stock
Economic & FinanceMarket OverviewStocks & Funds

From Crisis to Comeback: How Adani Group Stock Bounced Back from Hindenburg Effect

First among the equals is Adani group stock Ports and SEZ, which has seen its share price bounce back to pre-Hindenburg levels. As of Tuesday, Adani Ports & SEZ shares rose by 6% to 773 apiece, up from the closing price of 761 on January 24. Hindenburg Research’s report was published on that day, sparking

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Adani ports
Economic & FinanceLogistic & transportation

Adani Ports Achieves Highest-Ever Rail Cargo of Over 120 MMT in FY23

APSEZ, the flagship company of Adani ports Group, handled 120.51 million metric tonnes (MMT) of rail cargo in FY23, up from 98.61 MMT in FY22. Through the Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS), APSEZ saw a 62% YoY increase in rail cargo. Mundra Port handled over 15,000 container trains in FY23. As a

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Adani Group
Economic & FinanceEnergyOil & Gas

A petchem project worth Rs 34,900 crore has been suspended by Adani Group in the wake of Hindenburg

The Adani Group has taken action to suspend work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. Sources reported that this move is to focus resources to consolidate operations and address investor concerns stemming from a damning report by a US-based short seller. Earlier this year, the group’s main company Adani Enterprises

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Adani stock
BusinessEconomic & FinanceMarket OverviewStocks & Funds

Adani Enterprises jumps 11% as all group stocks surge – Adani group’s combined market cap increases by over 82,000 crore in two days

Adani Enterprises jumps 11% as all group stocks surge – Adani group’s combined market cap increases by over 82,000 crore in two days In the first half of trading on Wednesday, Adani Enterprises’ shares soared over 11%, helping the group’s combined market capitalisation surge by over 45,010 crore. All nine group companies posted gains. In

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Adani Shares Adani Ports
Advisor NetworkEconomic & FinanceEnergyFoods & AgriculturalLogistic & transportationMarket OverviewOil & GasStocks & Funds

Adani Shares: Why To Invest Now? Here’s Everything Investors Need To Know

Investors have various reasons for investing in Adani shares. Some believe in the company’s future potential while others are interested in its current position. However, all investors should carefully consider their options before making any decisions. Adani is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India. It was founded by Gautam Adani in

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Gautam Adani buy majority of stake in NDTV
BusinessEconomic & FinanceStocks & Funds

Asia’s Richest Man, Gautam Adani to Acquire Majority of Stack in NDTV

Gautam Adani, a billionaire and member of the Adani Group, is planning to purchase a majority stake in NDTV, which will bring his family one step closer to owning Indian media. Yesterday, Adani Group bought a 29.2% stake in NDTV for 1.14 billion rupees ($14.3 million) and it plans to buy more 26% of the

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