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The US Treasury Department on Monday said it had reached a $275 million settlement with Adani Enterprises over the company’s potential civil liability linked to 32 apparent violations of US sanctions involving Iran, according to a Reuters report.The US Treasury’s Office of Foreign Assets Control (OFAC) said Adani Enterprises had purchased shipments of liquefied petroleum…
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…
TCS CEO K Krithivasan has now pushed back against the claims that India’s IT services industry will be obsolete by 2030. Krithivasan believes that the enterprises will actually need more support from the IT companies like TCS in the era of artificial intelligence. Speaking to The Economic Times in an interview, Krithivasan said: “We have…
The Adani Group has rejected the allegations as unfounded and said it will take all legal steps available to defend its position. Adani Group stocks today: Shares of several Adani Group companies including Adani Green, Adani Enterprises, Adani Energy and Adani Ports have dropped by up to 10% after the US Securities and Exchange Commission…
MUMBAI: In what will be its third NCD offering since its incorporation in 1993, Adani Enterprises will enter the bond market next week with a Rs 1,000 crore issue. The funds raised through the non-convertible debentures (NCDs) will largely be used to pare debt of over Rs 70,000 crore as of Sept 2025. The issue…
Sunil Mittal (File photo-ANI) New Delhi: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second Chinese company to have sold a significant stake in its Indian operations after…
MUMBAI: The Rs 25,000-crore rights offer for Adani Enterprises, the flagship of the Adani Group, closed with 108% subscription with the public portion subscribed 130%. The promoters of the company who hold 74% in the company had said that they would participate in the rights offer to subscribe to their full quota. The public portion…
MUMBAI: Trading in rights entitlements (REs) for Adani Enterprises picked up pace in the last two sessions of the week as the closing date for the Rs 25,000-crore issue neared. In the last two sessions, nearly 50 lakh rights entitlements were traded on the two exchanges with the price moving up by 23%. The offer…
NEW DELHI: The high-level committee headed by NITI Aayog member Rajiv Gauba has recommended at least 17 reforms, aimed at easing regulatory and financial pressure on Micro, Small and Medium Enterprises (MSMEs). The key recommendations cover credit access, compliance under the Companies Act, tax procedures, payment dispute resolution and CSR donations. The measures expected to…
MUMBAI: The board of directors of Adani Enterprises (AEL), the flagship of the Ahmedabad-based Adani group, on Tuesday evening gave its nod for a rights offer to mobilise up to Rs 25,000 crore. For every 25 AEL shares held by its shareholders on the record date (Nov 17), they will have the rights to subscribe…
