Page 28 - Adani News Today

Yearender 2023: The Securities and Exchange Board of India (Sebi) changed its regulatory architecture, made significant changes across asset classes and initiated radical reforms.

The joint venture, Sirius Digitech International Limited (Sirius JV), holds immense potential to reshape the countrys digital landscape in several key ways. Read more.

Rating agency ICRA has assigned AA+ rating for 100 billion rupees ($1.20 billion) of bonds of the company, while India Ratings and Research has assigned AA+ rating to bonds worth 50 billion rupees, according to ratings notes.

In Primeshots today: Fund infusion to Adani Green Energy; boost for e-bus maker Pinnacle Mobility; and banks credit growth may dip.

This JV aims to harness the potential of using technology like AI, the Internet of Things (IoT), and Secured Blockchain Products across various industries

Adani Enterprises Limited (AEL) and Sirius International Holding Limited, a subsidiary of International Holding Company (IHC), UAE, have formed a joint venture named Sirius Digitech International Limited (Sirius JV). The venture plans to deploy technologies such as AI, IoT, and secured blockchain products for industrial applications and aims to create an integrated ecosystem across infrastructure, FinTech, HealthTech, and GreenTech

Pegasus installed on Indian journalist’s phone while he was probing Adani issue

Adani: "Sirius JV will deploy an integrated ecosystem of digital platforms by leveraging the expanding power of artificial intelligence (AI), internet of things (IoT) and secured blockchain products across infrastructure industries and extending to areas that include finTech, healthTech and greenTech," the statement said.

As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50 per cent stake in the projects. This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023, the Adani Group company said in a press release.

Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs.