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Adani Group stocks rise up to 3% after US Justice Department drops all charges against Gautam Adani
Adani Group stocks rose up to 3% after US Department of Justice dropped all criminal charges against Indian billionaire Gautam Adani and his nephew Sagar Adani, concluding a 19-month legal battle. This development, alongside a $275 million settlement with the US Treasury for sanctions violations, lifts uncertainty over the Adani Group's expansion plans. The group had faced allegations of bribery and fraud linked to solar power contracts.
Adani Ports to Adani Power: Adani Group stocks advance after reports of US to settle fraud lawsuit against Gautam Adani
On May 15, shares of Adani companies saw gains amid news that US authorities might dismiss fraud charges against Gautam Adani. Adani plans to invest $10 billion in the US, generating around 15,000 jobs, while settling a civil fraud lawsuit.
Top Gainers & Losers on May 12: Kalyan Jewellers, Adani Power, Anant Raj, Tata Motors, BEML, UPL among top losers - Mint
Top Gainers & Losers on May 12: Kalyan Jewellers, Adani Power, Anant Raj, Tata Motors, BEML, UPL among top losersMint
Adani Green Energy incorporates units to operate in renewable energy space
Adani Green Energy Limited has established new companies for clean energy power generation. These step-down subsidiaries were incorporated by its wholly-owned subsidiary, Adani Renewable Energy Sixty Four Limited. The new entities will focus on generating power from renewable energy sources. Adani Green Energy is a key player in developing and operating solar, wind, and energy storage solutions.
Q4 Results Highlights: Indegene profit falls 32%, RPG Life revenue up 24%
Q4 Results Highlights: Major companies including Bajaj Finance, Adani Power, Vedanta, MOIL, Mphasis, Navin Fluorine, Waaree Energies and Bandhan Bank reported their Q4 earnings on Wednesday, while a host of financial, energy and midcap firms also announced results, keeping markets active ahead of a holiday-shortened week.
Adani Green Energy to add up to 15,000 GWh of battery energy storage capacity annually
Adani Green Energy plans massive battery storage expansion. The company will add thousands of gigawatt hours of capacity each year. This move supports India's energy transition. It aims to provide reliable clean power. The expansion will involve significant investment. This will help meet peak demand. It ensures round-the-clock renewable energy supply.
Iran war: Adani Power, Hatsun Agro among 10 stocks that surged up to 40% since conflict began
Amidst geopolitical tensions and market corrections, select Indian stocks have surged significantly. Defence, jewellery, digital infrastructure, and energy sectors have shown robust performance, with companies like Swan Defence, Bluestone Jewellery, Sterlite Technologies, and Adani Power leading the gains. Resilience in banking and consumption stocks also highlights selective investor interest in stable businesses.
Vodafone Idea, MRPL, YES Bank, Eternal— These are among the top most traded stocks on the NSE today
Vodafone Idea, Tata Silver Exchange Traded Fund, Mangalore Refinery and Petrochemicals (MRPL), YES Bank, Eternal, ITI, Dharan Infra-EPC, and Adani Power were among the most traded stocks, or most active stocks in terms of volume, on the NSE.
Andhra Pradesh okays Adani solar power deal, with rider
Adani Andhra solar deal: CM Naidu had kept the decision in abeyance and the state was examining the financial impact of cancelling the power supply agreement. Last year, Andhra Pradesh had realised the adverse financial implications of such a move and was trying to look for options.
Taking Stock: Sensex slips 479 pts, Nifty ends below 24,000 on monthly F&O expiry; metals shine
Nearly 140 stocks touched their 52-week high on the BSE, including Adani Power, Adani Energy, Lloyds Metals, Granules India, Adani Enterprises, Schneider Infra, HFCL, Angel One, Vodafone Idea, Navin Fluorine, Polycab, among others.