In a major fillip to the government's local manufacturing push, Adani Defence & Aerospace - the defence arm of the Adani Group — has signed an agreement with the Thales Group to manufacture 70mm rockets in India.
Category: BUSINESS
MCA refutes media reports on clean chit to Byju’s, says probe is still on
The Ministry of Corporate Affairs (MCA) clarified on Wednesday that it has not given Byju’s a clean chit over financial fraud as the investigation into the matter is still going on.
Adani Ports features on honour list of companies in Asia Pacific, only Indian firm in transport sector
Adani Ports and Special Economic Zone Limited (APSEZ) on Monday said it has made it to the honour list of the Institutional Investor Asia Pacific (ex-Japan) Executive Team Survey and in the transportation sector, the Adani Group company is the only Indian firm to feature on the list, at the second rank.
India now has 3,600 deeptech startups, ranks 6th globally: Nasscom
India now ranks sixth among the top nine deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday.
4 Adani ports make it to World Bank's global 'Container Port Performance Index'
Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said four of its ports have been featured in the prestigious 'Container Port Performance (CPP) Index 2023', developed by the World Bank and S&P Global Market Intelligence.
'Green electron' and AI data centres to herald new infra push: Gautam Adani
The next decade will see the Adani Group invest more than $100 billion in the energy transition space and further expand its integrated renewable energy value chain that already spans the manufacturing of every major component required for green energy generation.
Stock markets at fresh record high, shares of defence companies surge
Riding on defence sector stocks led by Hindustan Aeronautics Ltd, Mazagon Dock, Paras Defence and Cochin Shipyard, the Indian indices closed at a fresh record high on Tuesday.
India’s spices exports hit record $4.46 billion in FY24, red chilli up by 15 pc
According to the latest data by the Spices Board under the Ministry of Commerce and Industry, the export of spices/spice products from the country has been 15,39,692 tonnes valued at Rs 36,958.80 crore ($4.46 billion) during FY 2023-24.
Sensex, Nifty hit new all-time high on strong global cues
Indian equity frontline indices opened in green on Tuesday following positive global cues. In the early trade, Sensex and Nifty made a new all-time high of 77,326 and 23,573 respectively.
Adani Group to build 570 MW green hydro plant in Bhutan, to collaborate on infra projects: Gautam Adani
Gautam Adani, Chairman of the Adani Group, on Sunday announced the signing of an agreement with Bhutan for a 570 MW green hydro plant, along with collaborating on transformative infrastructure initiatives in the neighbouring country.
Modi 3.0: Stock markets to touch new high in 1 yr, say global rating agencies
Indian stock markets have seen a robust rally since the new government's formation, closing at an all-time high in the last week. According to top rating agencies, the indices are set to gain new highs in the next 12 months.
Sensex, Nifty at all-time high as inflation cools this week
Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time high of 77,145 and 23,490 respectively.
Will forge long-term partnership with Tanzania across infrastructure sectors: Gautam Adani
Gautam Adani, Chairman of the Adani Group, on Friday said the Adani Group is looking forward to forge a long-term partnership with Tanzania -- one of Africa's most promising and strategically important nations -- across industries including ports, renewable energy, and airports.
Adani Ports strengthens ESG leadership, gains global recognition for climate initiatives
The Adani Group company received the highest rating of "A" for its initiatives in emission reduction, climate governance, supplier engagement, Scope 3 emissions and risk management processes.
Adani Defence & Aerospace, UAE’s EDGE Group collaborate across strategic defence & military domains
Adani Defence and Aerospace on Tuesday signed a landmark agreement with EDGE Group, the leading advanced technology and defence group in the UAE, to collaborate across strategic defence and military domains, combining their expertise in missiles, weapons, unmanned platforms, and cyber systems.
Adani Airports handles over 1 mn tonnes of cargo in FY24, logs impressive 7 pc growth
This represents a significant 7 per cent growth (YoY) compared to the previous fiscal, when the total cargo handled was 9,44,912 metric tonnes, the company said in a statement.
Shares of Adani Portfolio companies rebound, led by Adani Green
The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led by Adani Green Energy and Adani Ports, as the stock markets recovered from Tuesday's losses.
Investors gain Rs 12 lakh crore as stock markets shrug off poll jitters
The Indian indices shrugged off election jitters and massively rebounded in a sharp rally on Wednesday, as the BJP-led National Democratic Alliance (NDA) prepared to stake fresh claims for government formation.
Investors lose Rs 30 lakh crore in single day in biggest market fall in 4 years
Jitters of counting day led the Indian indices to experience their biggest fall in the last four years on Tuesday with the investors losing nearly Rs 30 lakh crore in a single season.
Sensex, Nifty open 2 per cent down on counting day
Sensex went down over 1,500 points on Tuesday as the Nifty dropped more than 500 points amid early trends on Lok Sabha elections counting day.
Stock markets gain over Rs 12 lakh crore in single day in 'rare' phenomenon
The Indian stock markets gained over Rs 12 lakh crore, or 3.25 per cent, on Monday as fundamentals, technicals and sentiments turned favourable at the same time, which is a rare phenomenon, experts said.
Sensex, Nifty at all-time high as Exit Polls predict BJP win
Indian equity benchmarks opened at an all-time high on Monday due to Exit Polls predicting a Modi government comeback.
GST collection for May at Rs 1.73 lakh crore, up 10 per cent YoY
The Goods and Services Tax (GST) collections for May came in at Rs 1.73 lakh crore, a 10 per cent growth (year-on-year), driven by a strong increase in domestic transactions and slowing of imports, the Centre said on Saturday.
India to gain as global oil prices decline despite geopolitical tensions
Oil prices declined for a third day in a row in the international market on Wednesday, despite geopolitical tensions, as the US Federal Reserve is not expected to reduce interest rates any time because of the high inflation rate.
India hot investment destination for Western corporate giants: UN report
The report which has increased the forecast of India’s GDP growth by 0.7 percentage points to 6.9 per cent identifies increased foreign investments as an important factor that is propelling the country’s GDP growth.