Mumbai: The Adani Group is set to enter the estimated ₹75,000-crore wires and cables business, its proposed foray denting the stocks of incumbents Thursday, as competitive intensity increases in an industry that saw the entry of another large conglomerate a few weeks ago. Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, … Read more
Reflecting an improved credit profile, Adani Group‘s cost of capital has fallen sharply by 104 basis points to 8.18% in FY25, the conglomerate, which operates India’s largest infrastructure portfolio, has told investors. In a recent investor meeting, Adani officials said this reduction in borrowing costs comes as a result of multiple credit rating upgrades, a … Read more
Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm’s research led to significant financial losses for Indian billionaire Gautam Adani and his companies. Anderson said the closure was planned after finishing their current projects. “As I’ve shared with family, friends and our team … Read more
Sanjay Asher, Senior Partner, Crawford Bayley & Co, says there would be a legal divide between the European banks and the Middle Eastern and the Japanese banks. Having regard to the facts and circumstances, if the Japanese and the Middle Eastern banks had come to a decision to support the Adani Group, then they would … Read more
Individual stock holdings in eight of the group’s 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg. This likely left retail investors exposed to last week’s $30 billion selloff in those shares after US charged Gautam Adani with helping drive a $250 million bribery scheme. … Read more
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says most of the Tata Group companies remain very convincing from the point of view of investment. Maybe this market gives some opportunity at a corrected price level. They would once again become a buy in the portfolio from the current level. As for Adani group stocks to … Read more
Rajiv Jain‘s GQG Partners has raised its stake in Adani Group-owned Ambuja Cements by 70 bps to 2.05% in the September quarter. In the three-month period that ended on June 30, 2024, Jain’s GQG Partners Emerging Markets Equity Fund held 1.35% stake in the cement manufacturer. The 2.05% stake in Ambuja represents over 50 lakh … Read more
Four subsidiaries of India’s Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of … Read more
Madhya Pradesh Chief Minister Mohan Yadav along with Union Minister Jyotiraditya Scindia, state Assembly Speaker Narendra Singh Tomar, Adani Ports & Special Economic Zone Ltd CEO Karan Adani and other dignitaries inaugurate Regional Industry Conclave, in Gwalior on August 28, 2024 | Photo Credit: ANI The Adani Group has proposed to invest ₹3,500 crore in … Read more
“Non-life insurance space has been growing decently, especially the growth shown by companies like ICICI Lombard, etc, have been quite strong and that is also reflected in the stock price movements. Non-life has been doing better than life. And I think vis-à-vis the two spaces I think that is the better space to be in,” … Read more