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The Latest Breaking News from Adani Group

Prannoy, Radhika Roy to sell most of their NDTV shares to Adani

Days after the Adani Group became the largest shareholder in NDTV, the network’s founders Prannoy Roy and his wife Radhika Roy have said that they will sell 27.26 percent of their remaining 32.26 percent shareholding to the conglomerate.

Newslaundry

‘It was a set-up, we were fooled’: the coal mine that ate an Indian village

The long read: In a pristine forest in central India, the multibillion-dollar mining giant Adani has razed trees – and homes – to dig more coal. How does this kind of destruction get the go-ahead?

The Guardian - UK

Adani's $900 million Indian port build restarts as villagers end protest

Construction on a $900 million port in Kerala, southern India resumed on Thursday after protesters from a mainly Christian fishing village ended a blockade of the Adani Group site.

Reuters

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Work on India's Adani port to resume after fishermen suspend protests

Construction on a $900-million port in southern India is set to resume on Thursday after mainly Christian villagers blocking the entrance to the site of the Adani Group project agreed to suspend their four-month-old protest, its leaders said.

Reuters

Who Owns Your Media: The saga of NDTV

The Adani group’s open offer for additional 26 percent shares of New Delhi Television Limited, or NDTV, that began tendering after over a month’s delay on November 22, 2022, finally came to a close yesterday. Managing to get 31.7 percent of the bid quantity, the group acquired 8.26 percent of…

Newslaundry

Adani Green now world’s largest wind-solar hybrid power developer

AHMEDABAD: The renewable arm of the Adani Group - Adani Green Energy Limited (AGEL) – commissioned its third wind-solar hybrid power plant in Jaisalmer, Rajasthan.

The Times of India

Indian state will proceed 'no matter what' with protest-hit Adani port-minister

India's Kerala state will proceed "no matter what" with a $900 million port project and is open to deploying federal police if needed to protect it from protesters blocking construction, a government minister told Reuters on Saturday.

Reuters

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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 Independent UK

India’s plan to take on China as south Asia’s favourite lender

With the private sector’s help, New Delhi has stepped up spending on infrastructure in neighbouring countries

Financial Times

Hindu group hold rally for Adani port stalled by Indian fishing community

Hundreds of people from a Hindu group marched on Wednesday in support of the construction of a $900 million port in southern India, shouting slogans against a local Catholic church that is trying to stall the project.

Reuters

Prannoy Roy, Radhika Roy quit NDTV holding company, Adani arm gains control

MUMBAI: Marking a definitive turn in Adani Group's takeover of NDTV, both its founders Prannoy Roy and Radhika Roy on Tuesday resigned from the board of RRPR Holdings, the main holding entity of the promoters that owns a 29.2% stake in the media house. At the same time, three new…

The Times of India

Adani Group bags Dharavi redevelop project with a Rs 5,069 crore bid

MUMBAI: The Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday.

The Times of India

Hindu group to march for Adani port project in India amid Christian protests

A Hindu group close to India's ruling party will on Wednesday march in support of a $900 million port project by the Adani Group which has been stalled by Christian protesters, as tensions rise after clashes in which 80 people were injured.

Reuters

Protesters, police clash over Adani port in India's Kerala; over 80 hurt

More than 80 people were wounded in India as villagers protesting to halt construction of the $900-million Vizhinjam port project by India's Adani Group clashed with police in Kerala state, the latest escalation in a months-long strike.

Reuters

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The Times of India

Gautam Adani, Asia's richest man, makes a $5 billion bet to silence debt-obsessed critics

MUMBAI: Gautam Adani's plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon's swelling empire: high debt ratios and a limited investor base.

The Times of India

Adani open offer: Nearly 28 lakh NDTV shares tendered by day 3

NEW DELHI: Nearly 28 lakh shares were tendered by shareholders of NDTV under the Adani group's open offer at the end of the third day on Thursday.

Reuters

Indian tycoon Adani's mega port hangs in the balance as a fishing community protests

On the main road to billionaire Gautam Adani's planned Vizhinjam mega port on the southern tip of India, a shelter built by the coastal region's Christian fishing community blocks the entrance, preventing further construction.

The Times of India

Gautam Adani, world’s third-richest person, considering opening family office in Dubai or New York

MUMBAI: Asia’s richest person, Gautam Adani, is considering setting up a family office overseas to manage his ballooning wealth, according to people familiar with the discussions.

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The Times of India

Gautam Adani gets approval for NDTV open offer boosting takeover bid

MUMBAI: Billionaire Gautam Adani’s conglomerate received the regulatory nod to float an open offer for a further 26% stake in New Delhi Television Ltd, marking a crucial milestone in a takeover battle between Asia’s richest person and the broadcaster’s founders.

The Times of India

Asia's richest man challenges China in show of support for PM Modi

COLOMBO: A small group of fishermen ply the shallow coastal water along Pooneryn in northern Sri Lanka, an impoverished, remote area within striking distance of India's southern tip. It's where Gautam Adani -- the Indian billionaire who is Asia's richest man and has vaulted ahead of Jeff Bezos this year…

The Times of India

Adani, GMR, L&T in race for Rs 23,000 crore UP smart meter tender

NEW DELHI: Adani Group, GMR, LT and IntelliSmart — a joint venture of National Investment and Infrastructure Fund and power ministry’s energy saving company EESL — are in race for the largest smart meter tender worth Rs 23,000 crore floated by UP.

The Times of India

Adani says committed to open offer for NDTV

NEW DELHI: Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked Sebi to provide comments on its draft open offer letter.

The Hindu

State invites Adani group for discussions on way ahead for Vizhinjam project

THIRUVANANTHAPURAM

The Hindu

Tribunal sets aside TNERC’s order against Adani Group firms

The companies wanted to avail a tariff of ₹7.01 per unit from the Tamil Nadu Generation and Distribution Corporation Limited

The Times of India

Gautam Adani to invest Rs 65,000 crore as Rajasthan summit attracts solar projects

JAIPUR: The two-day 'Invest Rajasthan' summit got off to a promising start with Gautam Adani of the Adani Group committing an investment of Rs 65,000 crore in the state over the next five to seven years on Friday.

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