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Economy

BJP accuses Cong of using foreign reports to disrupt India

The recent allegations against SEBI Chairperson Madhabi Buch and her husband by the US short seller Hindenburg Research have sparked significant controversy in India.

News Arena Network Aug 11 2024

Nation

Rahul, Priyanka visit Wayanad landslide area

Rahul Gandhi and Priyanka Gandhi visited the landslide-hit area of Chooralmala in Wayanad, Kerala. They were accompanied by KC Venugopal, Congress general secretary. The visit took place in the aftermath of two massive landslides that struck Mundakkai and Chooralmala on July 30, causing significant destruction, loss of lives, and injuries to hundreds.

Nation

Gautam Adani extends ₹5 crore aid for Wayanad relief

Gautam Adani, the Chairman and founder of the Adani Group, has extended his condolences to the families affected by the Wayanad landslide. In a gesture of solidarity, he announced a financial aid of Rs 5 crore to support relief efforts in Kerala. This announcement comes in the wake of a devastating landslide that claimed the lives of 158 people in the Meppadi area of Wayanad district following continuous heavy rainfall.

Economy

Adani to build 570 MW green hydro plant in Bhutan

Gautam Adani announced the Adani Group's agreement with Bhutan for a 570 MW green hydro plant and collaborative infrastructure initiatives during meetings with Bhutan's King and Prime Minister in Thimphu.

Economy

Adani becomes richest Asian, surpasses Ambani

Billionaire Gautam Adani has reclaimed the title of Asia's richest person, surpassing Mukesh Ambani, with a net worth of $111 billion, compared to Ambani's $109 billion.

Economy

Adani enterprises bounces back, gains $30 Billion

The stock rebounded as the conglomerate reduced its debt and secured major projects, helping it bounce back after US-based Hindenburg Research accused the group of widespread corporate malfeasance and share-price manipulation in January 2023.

Economy

Adani ports shares surge following acquisition of majority stake in Odisha’s Gopalpur port

The flagship company of the Adani group is set to acquire a substantial 95 percent stake in Gopalpur Port. Gopalpur Port, situated between Paradip Port and Vizag Port, has been operational since 2015, primarily serving the country’s steel industry. The port handles a diverse range of dry bulk cargo, including coal, iron ore, limestone, and ilmenite. Connected to the Golden Quadrilateral via NH-516, Gopalpur Port boasts a capacity to handle around 20 million metric tonnes per annum (MMPTA) of cargo.

Mar 26 2024

Economy

US investigating Adani group and founder over alleged bribery: Bloomberg Report

Citing sources familiar with the matter, the report reveals that prosecutors are probing whether an Adani entity or individuals associated with the conglomerate, including Gautam Adani himself, engaged in payments to Indian officials to secure favorable treatment for an energy project.

Mar 16 2024

Nation

Expelled TMC MP Mahua Moitra faces uphill battle as Delhi HC rejects plea

The Delhi High Court dealt a significant blow to expelled Trinamool Congress (TMC) MP Mahua Moitra's legal battle on Monday by dismissing her plea seeking to curb BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai from making defamatory remarks against her regarding the cash-for-query scam case. 

Mar 04 2024

Nation

Adani group's Billions bolster Defence sector, Unveils largest ammunition facilities

Adani Group made a significant announcement on Monday, inaugurating two colossal facilities for ammunition and missile production, positioning them as the largest in South Asia. With an investment exceeding Rs 3,000 crore and sprawling across 500 acres, Adani Defence & Aerospace aims to fortify its foothold in defence manufacturing.

Feb 26 2024

Economy

Adani Group in talks with Uber to introduce electric passenger cars: Report

The talks unfolded during a meeting held on February 24 between Gautam Adani, Chairman of the Adani Group, and Uber CEO Dara Khosrowshahi, who is currently visiting India. Sources suggest that the discussions encompassed the integration of Adani's electric cars into Uber's ride-hailing service, potentially under Adani One, the conglomerate's umbrella brand launched in 2022.

Feb 26 2024

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