Reliance Industries Ltd, 2 Adani group companies fastest wealth creators: Motilal Oswal
According to the study, Adani Enterprises and Adani Transmission are also the top all-round wealth creators. During 2017-22, the top 100 wealth creators of India Inc created wealth amounting to Rs 92.2 lakh crore, the highest ever so far, Motilal Oswal said. The Motilal Oswal 27th Annual Wealth Creation Study 2022 analysed the top 100 wealth creating companies between 2017 and 2022.
NDTV scrip hits upper limit after change of guard at promoter company
At the BSE, the NDTV scrip opened at Rs 447.70 (upper limit) after closing at Rs 426.40 on Tuesday. With the Adani group acquiring 99.5 per cent stake in RRPR Holding, the latter's original promoters Prannoy Roy and Radhika Roy resigned as Directors, the NDTV said on Tuesday. The company also said it was informed by the promoter group vehicle RRPR Holding that the latter's board approved the appointment of Sudipta Bhattacharya, Sanjay Pugalia and Senthil Sinniah Chengalvarayan as Directors with immediate effect.
Markets welcome Adani group gaining substantial stake in NDTV
Accordingly, NDTV's scrip opened at Rs 420 and touched a high of Rs 426.40 intra-day before closing at Rs 426.40 on Tuesday. RRPR Holding is the investment company of NDTV promoters -- Prannoy Roy and Radhika Roy -- that holds 29.18 per cent stake in NDTV, which has three national television channels.
SC dismisses Tata Power's plea against Rs 7,000 cr transmission contract awarded to Adani
A bench, headed by Chief Justice D.Y. Chandrachud and comprising Justices A.S. Bopanna and J.B. Pardiwala directed the state power regulatory commissions to frame regulations for determination of tariff within three months to effectuate a balance for creating a sustainable model of electricity regulation in the states.
India can't be just seen as a land for making and taking profits out of its geographic boundaries: Gautam Adani
Speaking at the 21st World Congress of Accountants in Mumbai, Adani said as both, domestic companies and multinationals take advantage of India's market size, we will need stronger mandates wherein corporates are compelled to rise to the challenge of enabling a social structure that recognizes the core of our culture and is aligned with our national needs.
Adani takeover target NDTV scrip hits upper circuit
The scrip had touched the 52 week high of Rs 567.85 and low of Rs 75.55. NDTV shares went up following the nod given by the Securities and Exchange Board of India (SEBI) to the Adani Group to float the open offer for 26 per cent stake in the channel company.
Adani Green Energy announces H1 FY23 results
The reduction in overall wind portfolio CUF and sale of energy is primarily due to one-off disruption in transmission line (force majeure) for 150 MW plant in Gujarat. The impact of this event in Q2 FY23 is expected to be 0.4 per cent of the expected annual generation of the overall operational capacity. Excluding the aforesaid 150 MW plant, the wind portfolio CUF stands at a strong 41 per cent in H1 FY23.
Adani Ports acquires 49.38% stake in Indian Oiltanking Ltd for Rs 1,050 crore
This agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL. Over the last 26 years, IOTL has built a network of six terminals across five states with a total capacity of 2.4 Mn KL (owned capacity of 0.5 Mn KL and BOOT capacity of 1.9 Mn KL) for storage of crude and finished petroleum products.
Adani Group enters Sri Lanka's port industry as the 1st Indian operator
The group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at $700 million. The build-operate-transfer (BOT) agreement which is to remain valid for 35 years, is said to be the "largest" foreign investment ever in Sri Lanka's port history.
Adani Total Gas announces H1 FY23 results
"ATGL continued with full vigour and resilience in significantly augmenting and investing in creating backbone CGD infrastructure across all its Geographical Areas with crossing 6.25 lakh PNG Home Connections mark, crossing of 10,000 inch-km of steel pipeline, enhancing PNG supplies to 6,088 businesses/industries and enhancing CNG footprint to 367 stations," said Suresh P. Manglani, CEO of Adani Total Gas.