The year 2022 hasn’t been a blockbuster for the Indian equity market, but the billionaires of India have reasons to think otherwise. Despite the year seeing a sharp depreciation in the rupee amid the weak global macroeconomic conditions, the combined wealth of India’s 100 richest people grew $25 billion to touch $800 billion in 2022, … Read more
Billionaire Gautam Adani is courting sovereign wealth funds in a push to raise roughly $5 billion in equity across his sprawling business empire after lenders asked the group to reduce leverage, people familiar with the matter said. The network of companies owned by Asia’s richest person has reached out to top officials at firms, including … Read more
Adani Group has become India’s most valuable business house in terms of market value of its companies, surpassing the Tata Group. The completion of the acquisition of Ambuja Cement and helped Adani overtake the Tata Group. The combined market capitalisation of the Adani Group, including the newly-acquired Ambuja and ACC, stood at ₹22.25 lakh crore … Read more
NEW DELHI: NDTV on Thursday informed stock exchanges said Adani companies requires Sebi approval to secure 99.5 per cent interests in the promoter vehicle, as its founders are barred from trading in securities markets. NDTV noted that Sebi had on November 27, 2020, restrained founder-promoters Prannoy Roy and Radhika Roy from accessing the securities market. … Read more
The total market capitalization of BSE-listed companies jumped close to Rs 43.88 lakh crore in the last two weeks and hit an all time high of Rs 280.52 lakh crore on August 18 from Rs 236.62 lakh crore on June 17. For this study, ETmarkets.com has considered the market capitalization of only BSE500 companies, which … Read more
Adani Group’s acquisition of Holcim’s businesses in the country — and — will be one of the biggest deals involving Indian companies, according to data from Bloomberg. The biggest acquisition of an Indian company has been Walmart’s acquisition of Flipkart for $16 billion in 2018. The purchase of Essar Oil by Russia’s Rosneft to the … Read more
The Adani Group has removed a ban on exports and imports to and from Afghanistan, Pakistan and Iran at its , reversing an order made in October. The company said it removed the ban after consultations with terminal and vessel operators, customs broker associations and importers who had agreed to adhere to security compliances. The … Read more
NEW DELHI: The government will open bids received for commercial coal mining blocks on Wednesday as the Supreme Court refused to stay the auctions. Vedanta Group, Adani Group, Jindal Steel & Power Ltd and JSW Steel are among the companies believed to be eyeing the coal blocks with which India will open up the coal … Read more
Some monopoly groups like Adani, Ambani are sitting on an ecosystem which allows them to consolidate and buy out assets but the rest of India is deleveraging and saying stay off business, says the CEO, Dimensions Corporate Finance. What is your sense when it comes to some of the key banking names?ICICI Bank has sold … Read more
There is a mega bull market playing in midcap IT and we have been recommending some stocks in this space to our subscribers, says the Founder & Chief Strategist at Goldilocks Premium Research. Let us talk about this relentless move. Now we are at 11,600. Do you reckon that we are in for a bout … Read more