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The Latest Breaking News from Adani Group

ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales

ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales volume, resulting in a 7.75% decrease in revenue compared to the previous year. While higher costs impacted earnings, the…

The Economic Times

'Massive conflict of interest' if airport operators allowed to own airlines: IndiGo MD Rahul Bhatia

IndiGo's Rahul Bhatia stated airport operators owning airlines creates massive conflict of interest. He noted this situation lacks global precedent and raises significant concerns. The Adani Group, which operates eight airports, has proposed entering the airline business. This proposal seeks relaxation of current norms restricting airport operators' airline ownership. The…

The Economic Times

Boarding call: Can Adani succeed where so many airlines have failed?

Adani Group's potential airline entry could reshape India's aviation industry, but challenging the IndiGo-Air India duopoly will demand years of investment. Strong airport infrastructure, deep financial resources and aviation synergies offer advantages, while aircraft shortages, regulatory hurdles and tough airline economics remain the biggest obstacles.

The Economic Times

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Q1 Results today: Eternal, Nestle, IndusInd Bank among 63 companies announcing June earnings. What to expect?

A packed earnings day awaits Dalal Street, with Eternal, Nestlé India, IndusInd Bank and over 250 companies set to report June quarter results. Investors will also track BPCL, HPCL and Adani Group firms, while markets continue to react sharply to recent earnings from Bandhan Bank, TVS Motor and Bajaj Auto.

The Economic Times

Top US prosecutor will not dispute DOJ decision to drop Gautam Adani's criminal case

Brooklyn's top federal prosecutor stated he had no basis to dispute the Justice Department's decision. He was not the decisionmaker behind dropping the fraud and bribery case against Gautam Adani. The case involved alleged bribes for a solar power plant development in India. Adani's lawyers and the conglomerate have consistently…

The Economic Times

The Jaypee clue: Adani may be quietly building its next money-spinner

Adani Group is exploring management deals with Accor and ITC Hotels for acquired properties. This move signals a broader hospitality ambition beyond airport-related developments. The company is also partnering with IHG Hotels & Resorts for airport-linked hotels. India's strong hotel market attracts significant interest from large conglomerates. These developments suggest…

The Economic Times

Gautam Adani denies any deal linked to dismissal of US criminal case in sworn affidavit

Gautam Adani has categorically denied any involvement with a deal related to the dismissal of criminal charges against him. He affirmed under oath that he was ignorant of any agreements surrounding this matter. The Justice Department explained that legal hurdles necessitated the charge dismissal. Furthermore, discussions between Adani's legal team…

The Economic Times

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India seeks to quash Adani airport's nicotine pouch court challenge citing illegality, health risk

India's government argues Adani Group's airport sale of nicotine pouches violates drug laws. The government asserts these sales pose a serious public health risk to citizens. Adani Group is challenging the official finding that they broke the law. The case could set a precedent for regulating nicotine pouch sales at…

The Economic Times

Adani, France's Dioxycle partner to develop low-carbon chemicals in India

Adani Enterprises and Dioxycle will pilot formic acid production using captured carbon. This new venture aims to convert emissions into industrial chemicals with renewable power. The partnership marks Adani Group's expansion into sustainable chemical manufacturing. They will also explore producing other essential chemicals for various industries. This collaboration highlights growing…

The Economic Times

India can become net aluminium exporter with competitive production, says Karan Adani

India can become a major aluminium exporter if production costs are competitive, according to Karan Adani. Despite existing capacity, the nation imports the metal, indicating strong domestic demand. Adani Group plans a massive integrated aluminium project in Odisha, committing $11.5 billion to establish a refinery, smelter, and downstream park, aiming…

The Economic Times

Slumdogs no more: Can tycoons take the Mumbai Model to other cities?

India's top business tycoons like Ambani and Adani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration…

The Economic Times

India needs 2,000 GW new power capacity in 20 years, says Adani Green's Sagar Adani

India needs to add nearly 2,000 gigawatts of new power generation capacity over the next two decades to meet rising demand and reduce reliance on imported fuels, according to Adani Green Energy Executive Director Sagar Adani. He emphasized that electrification, supported by renewables, hydro, thermal, and nuclear power, is the…

The Economic Times

Gautam Adani launches initiative 'Vande Bharatam' to discover entrepreneurs across India

Adani Group Chairman Gautam Adani launched Vande Bharatam, a nationwide initiative to discover and support innovators and entrepreneurs from all corners of India. The program aims to democratize opportunity, extending beyond traditional startup hubs to include participants from villages and towns, irrespective of background. Seventy-five finalists will receive intensive mentorship…

The Economic Times

Lawyers for Gautam Adani urge US judge to dismiss criminal case

Indian billionaire Gautam Adani's lawyers are pushing a U.S. judge to officially drop criminal charges after the Justice Department announced it would no longer pursue the case. Adani had been accused of bribery and misleading U.S. investors. The defense argues the charges were outside U.S. jurisdiction and unprovable. Separately, Adani's…

The Economic Times

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The Economic Times

Ambuja Cements ties up with UK's Leilac for commercial-scale low-carbon cement project

Ambuja Cements, an Adani Group company, is partnering with UK's Leilac Limited to pilot a groundbreaking low-carbon cement production method at its Gujarat plant. This initiative will test Leilac's innovative carbon capture and electric heating technology, aiming to slash emissions and fuel use. If successful, the project could become the…

The Economic Times

JAL shares delist from BSE and NSE today: Will its 6.5 lakh shareholders get anything?

Jaiprakash Associates shares were delisted from the BSE and NSE on Thursday, marking the closure of one of India's longest-running insolvency cases. The delisting follows the acquisition of the debt-laden company's assets by Adani Group. JAL said it had received final approval from both exchanges and thanked them for their…

The Economic Times

Adani Group, Brazil's Embraer finalise Dholera for setting up aircraft assembly line

Adani Group and Embraer have selected Dholera in Gujarat for a regional jet assembly line. This collaboration aims to boost India's aircraft manufacturing capabilities. Embraer sees significant potential in the Indian market for civilian and defense aircraft. The facility will support India's Regional Transport Aircraft program and the UDAN scheme.…

The Economic Times

Madhya Pradesh set to emerge as a major nuclear power hub in country: Official

Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy…

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The Economic Times

Adani Enterprises shares in focus on partnership with Jabil to build AI data centres in India

Adani Enterprises will be in focus after announcing a strategic partnership with Jabil to develop an AI and data centre infrastructure manufacturing platform in India. The collaboration aims to build multi-gigawatt capacity for AI hardware and supporting systems, targeting growing global demand for AI computing and digital infrastructure.

The Economic Times

Light at the end of the tunnel? Gautam Shah sees Nifty eyeing 25,500, bets on smallcaps, pharma and Adani stocks

Indian equities are nearing a crucial turning point, with market veteran Gautam Shah suggesting a shift in focus beyond benchmark indices. He highlights opportunities in smallcaps, microcaps, renewable energy, and healthcare, while also expressing optimism for the Adani Group and the broader global bull market.

The Economic Times

Adani, Jabil announce plans for AI data centre in India

Adani Group and Jabil Inc. are joining forces to build AI and data centre hardware in India. This partnership aims to create a large-scale manufacturing platform for AI-ready equipment. The venture will leverage Adani's infrastructure and Jabil's manufacturing expertise. This initiative targets both domestic and global markets, capitalizing on the…

The Economic Times

Adani, Jabil announce plans for AI Data Centre in India

The proposed alliance will combine Jabil's engineering and advanced manufacturing capabilities with Adani Group's infrastructure, green energy, logistics and data centre assets to address growing demand for AI data centre infrastructure, the companies said.

The Economic Times

JAL shares to delist from BSE and NSE on Thursday. What happens to its 6 lakh shareholders?

Jaiprakash Associates is set to be delisted from the BSE and NSE from June 18 following the completion of insolvency proceedings and Adani Group’s acquisition. Existing shareholders will receive no consideration as the approved resolution plan fully extinguishes the current shareholding structure.

The Economic Times

Cement demand growth likely to moderate to around 5% in FY27: Ambuja Cements

Ambuja Cements anticipates a 5 percent growth in India's cement demand for fiscal year 2026-27. This follows a stronger growth in the previous fiscal. The company is expanding its production capacity through strategic acquisitions and organic growth. Ambuja Cements is also consolidating its cement businesses under a unified structure.

The Economic Times

China firm secures Kenya Airport revamp deal after Adani fallout

Kenya has awarded a $2.9 billion airport upgrade contract to China Communications Construction Co., two years after canceling a deal with India's Adani Group. The project aims to modernize Jomo Kenyatta International Airport, partly funded by a new National Infrastructure Fund and commercial loans. This move strengthens China's infrastructure presence…

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