Page 37 - Adani News Today

In November, the Gautam Adani-owned company recorded strong cargo volumes of around 36 MMT (million metric ton) -- a robust 42 per cent on-year increase.

Business News: MUMBAI: Shares of LIC hit a 52-week high in the NSE on Thursday before retreating to close at Rs 785.

It’s not just hardened expectations of political stability. Reports have surfaced of a US agency having deemed the Hindenburg allegations irrelevant.

Adani Ports stock: Ebitda CAGR is seen at 21 per cent on account of realisation growth and margin expansion, Kotak said while suggesting a fair value of Rs 1,060 for the stock.

Indian markets are sustaining a rally, fuelled by improving interest rate outlook in the US, moderation in crude prices, robust domestic macroeconomic data, renewed foreign inflows and growing optimism about policy continuity in 2024, following the state assembly election results.

Adani Group's Gautam Adani, may soon replace Reliance Industries Limited (RIL) chairman Mukesh Ambani as the richest person in India.

Indian billionaire Gautam Adanis conglomerate is expected to reveal plans for the $1.25 billion Adani Green Energy Ltd. notes due next year. The conglomerate, facing scrutiny following fraud allegations by Hindenburg Research, will likely present blueprints for redeeming or rolling over its overseas bonds. Adani, who denied the fraud claims, has faced heightened attention on its finances, with a spike in bond yields.

Adani: “We are coming close to timelines where we would like to see a concrete and definitive plan” Abhishek Dangra, a Singapore-based infrastructure analyst at S&P Global said.

The group, whose interests stretch from ports to solar energy and coal, is expected to come up with the first blueprints for redeeming or rolling over its overseas bonds since the scathing fraud claims by shortseller Hindenburg Research.

Despite Hindenburg Researchs accusations of corporate fraud against billionaire Gautam Adani, his Adani Group, a diverse conglomerate, has rebounded impressively. Adani Groups market performance, marked by a remarkable one-day gain of Rs 1,92,645 crore on December 5, signifies a resurgence in market confidence, hitting an 11-month high of Rs 13.88 lakh crore market capitalisation. This surge suggests a turning point for Adani, signaling regained trust among investors.