SBI Loan to Adani: Fair or Favoritism?
Nov 19, 2014
Friday April 24, 2015
Adani Enterprises on Friday said its shareholders and creditors have approved restructuring of group businesses involving ports, power, mining and transmission assets.
Wednesday April 22, 2015
Mr Ambani joins a host of industry leaders, including Mukesh Ambani, Anand Mahindra, Anil Agarwal, Gautam Adani, Uday Kotak and Kishore Biyani, who have rallied behind PM Modi's call to well-to-do people to give up buying LPG at below market price so...
Tuesday April 21, 2015
Adani Power Ltd (APL) has completed the acquisition of Lanco Infratech's Udupi Power plant for Rs 6,300 crore, one of the largest takeovers in the country's thermal power space.
Thursday April 16, 2015
Mining giant Adani Group is 'misleading' the public to suit its own economic interests by 'wrongfully' asserting that Australian aboriginals support its $16.5-billion project in their ancestral land, one of the three representatives of the natives sa...
Thursday April 9, 2015
The three banks - BNP Paribas, Credit Agricole and Societe General - said they will not be involved in proposed mines for the coal-rich Galilee Basin region of Queensland.
Tuesday March 31, 2015
An Australian environmental lobby on Tuesday dragged Adani group to the Land court of Queensland, objecting to the Indian mining giant's 16.5 billion dollars Carmichael Coal mine project in the coal-rich state on the ground that it would endanger bio...
Tuesday March 24, 2015
Monnet Ispat & Energy is in preliminary talks with potential buyers for selling a partial stake in its power business, Monnet Power Company, which has significant liabilities.
Tuesday February 17, 2015
State Bank of India is in the process of completing the due diligence for the controversial $1 billion (Rs 6,200 crore) loan to Adani Group for its Australian mining project and take a final call on it soon.
Tuesday February 10, 2015
Last month, Gautam Adani-led Adani Group announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tonnes per annum by 2020.
Monday February 9, 2015
The company will set up solar power project of 5000 MW on its own in the next five years. The Adani Group will also develop solar manufacturing units and power evacuation systems.
Wednesday February 4, 2015
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group.
Friday January 30, 2015
The group's port and power businesses would be spun out of the flagship Adani Enterprises into its listed power and port subsidiaries.
Wednesday January 28, 2015
APSEZ, the country's largest port developer and part of Adani Group, had recorded net profit of Rs 450.51 crore in the October-December period of the previous fiscal.
Monday January 12, 2015
Adani said his group had yesterday signed an MoU with US-based SunEdison to invest Rs 25,000 crore in a solar manufacturing complex to produce 27,000 metric tons of poly-silicon and 2000 MW capacity equivalent of crystals.
Sunday January 11, 2015
Business conglomerate Adani Group has signed an agreement with Australian energy major Woodside for sourcing of LNG as well as cooperation in oil and gas exploration and production.
Sunday January 11, 2015
Adani Enterprises and US-based SunEdison will invest about Rs 25,000 crore to set up a solar park in Gujarat that will create 20,000 new jobs.
Sunday December 7, 2014
State Bank of India has said the final decision on the controversial $1 billion (Rs 6,200 crore at 1 dollar = 62 rupees) loan agreement with Adani Group for its Australian mining project would be taken by the lenders executive committee in 2-3 months...
India News | Reuters | Wednesday December 3, 2014
India is speeding up its navy modernisation programme and leaning on its neighbours to curb Chinese submarine activity in the Indian Ocean, as the region becomes increasingly jittery over Beijing's growing undersea prowess.
India News | Edited by Mala Das (with inputs from agencies) | Thursday November 27, 2014
The Trinamool Congress today attacked the government in Parliament over a mega loan sanctioned to the Adani Group by India's largest public sector bank during Prime Minister Narendra Modi's Australia visit earlier this month, which it said smacked of...
Monday November 24, 2014
This is the second acquisition by Adani Group since it bought the Rs 1,200 MW coal-fired Udupi plant from the debt-laden Lanco Infra for Rs 6,000 crore in August.
Shweta Rajpal Kohli | Thursday November 20, 2014
Arundhati Bhattacharya, chairperson of state lender, said that a due diligence - financial and legal assessment - of the Adani group project would be carried out before the funding proposal is put before the board.
Monday November 17, 2014
The 20-member Indian delegation includes the likes of Essar Group chairman Shashi Ruia, Gautam Adani, founder and chairman, Adani group, Anand Mahindra, chairman and managing director, Mahindra Group, Vishal Sikka, chairman and managing director, Inf...
Monday November 17, 2014
Adani, which is also facing a campaign by anti-coal campaigners, is counting on securing A$1.2 billion to A$1.5 billion in funding from South Korea's export credit agencies, as well as a loan from the US Export-Import Bank.
India News | Reuters | Monday November 17, 2014
The Adani group won support on Monday from India's largest public sector bank and an Australian state to help it build a $ 7 billion coal mine, rail and port project, defying a slump in coal prices that has stalled rival projects.