Adani Power Limited (APL) has announced a significant surge in its consolidated net profit, reaching ₹2,738 crore for the third quarter ending December 31, 2023. This is a substantial increase compared to the ₹8.8 crore net profit reported in the same quarter of the previous year, as per the company’s recent regulatory filing. This remarkable … Read more
Adani’s Resilience: A $93 Billion Rebound Amidst Challenges In a remarkable turnaround, Adani’s conglomerate has experienced a substantial rebound, bouncing back from the turmoil triggered by Hindenburg’s critical report. The ports-to-power empire, led by Gautam Adani, has successfully navigated challenges, including debt reduction, attracting new investors, and securing significant projects. Despite the recovery, lingering concerns … Read more
Adani Enterprises Ltd has recently strengthened its position in the news media industry by increasing its stake in IANS India, the owner and operator of the Indo-Asian News Service (IANS). This strategic move comes as part of the Adani Group’s broader efforts to expand its presence in diverse sectors, including the realm of news dissemination. … Read more
This week showcased a diverse range of performances within the Adani Group’s stock portfolio, characterized by notable fluctuations. Adani Ports and Special Economic Zone emerged as the highlight, experiencing a robust weekly gain of 4.06%, closing at ₹1,207.10 on Friday from an initial ₹1,160.00. In contrast, Adani Total Gas Limited faced challenges, witnessing a decline … Read more