Latest News, Updates & Breaking Headlines
Bernstein has a market perform rating on Kotak Bank with the target price at Rs 500. Analysts said Kotak Bank closed FY26 on a strong note, with a beat across most operating metrics. The lender’s net interest margin expanded about 13 basis points (100 basis points = 1 percentage point) on the quarter (QoQ), the…
Adani Group chairman Gautam Adani has overtaken Reliance Industries’ chairman Mukesh Ambani to become Asia’s richest individual, driven by a steady rise in the share prices of his diversified conglomerate spanning ports to energy.As the founder of the Adani Group, he presides over the country’s largest private port network, leads in renewable energy generation, operates…
Jefferies has a buy rating on Adani Enterprises with the target price cut to Rs 2,600 from Rs 2,750. Analysts said Adani Airports is facing near term traffic softness, delaying Navi Mumbai International Airport (NMIAL) ramp-up, but non-aero revenues and airport-led real estate monetisation continue to build. They also said that the company’s new energy…
Adani group stocks surged up to 13% on Wednesday after Gautam Adani moved a US court seeking dismissal of the Securities and Exchange Commission’s (SEC) civil case. The move has boosted investor sentiment across Adani Group firms.The rally followed a development in a New York federal court, where lawyers representing Gautam Adani said that they…
NEW YORK: Gautam Adani, India’s second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission’s civil fraud case stemming from an alleged bribery scheme, his lawyers said on Tuesday.Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise…
Billionaire Gautam Adani and his nephew Sagar Adani have moved to challenge a US securities fraud case, asking a federal court in New York to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) regarding a 2021 bond issue by Adani Green Energy Ltd (AGEL).In a filing before the Brooklyn federal court,…
Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer.In its petition challenging the lenders’ decision to accept Adani’s takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross…
NEW DELHI: To provide lethal punch to the Indian Army‘s firepower, Indian defence major Adani Defence & Aerospace on Saturday delivered the first batch of 2,000 ‘Prahar’ light machine guns (LMGs) manufactured under the ‘Make in India’ initiative.The delivery of the first batch of the 7.62 mm-calibre weapon, manufactured at the company’s small arms complex…
Adani Defence & Aerospace on Saturday handed over the first batch of 2,000 ‘Prahar’ light machine guns (LMGs) to the Indian Army in Gwalior, marking an early milestone in a large-scale order for around 40,000 weapons under the ‘Make in India’ initiative. The handover aims to boost the Army’s frontline firepower along the Line of…
Adani Defence & Aerospace on Saturday handed over the first batch of 2,000 ‘Prahar’ light machine guns (LMGs) to the Indian Army in Gwalior, marking an early milestone in a large-scale order for around 40,000 weapons under the ‘Make in India’ initiative. The handover aims to boost the Army’s frontline firepower along the Line of…
