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Adani Ent Share Price Live Updates: Adani Enterprises Records Weekly Returns of 2.47%
AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees
"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' plan had made specific provisions to pay off these liabilities too, but there were some legal issues which are now resolved, allowing banks and AM/NS to complete this deal," said a person familiar with the details.
AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees
"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' plan had made specific provisions to pay off these liabilities too, but there were some legal issues which are now resolved, allowing banks and AM/NS to complete this deal," said a person familiar with the details.
APSEZ to sell 49% in Vizhinjam port to MSC Group arm
Adani Ports is selling a 49% stake in its Vizhinjam port project to MSC Group's port arm, TiL, for $1.397 billion. This deal values the Kerala port at a significant $2.85 billion, marking the largest foreign private investment in Indian port infrastructure. The agreement, signed Monday, strengthens the existing partnership between Adani and MSC, pending regulatory approvals.
Vedanta's CopperTech Metals postpones US IPO amid market volatility
The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector
MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital
Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
Adani Power Ltd eases for fifth straight session
Adani Power Ltd is quoting at Rs 222, down 2.22% on the day as on 13:19 IST on the NSE. The stock jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index.
Japan's JFE Steel completes ₹15,750 crore investment in JSW Steel JV
Japan's JFE Steel has completed its ₹15,750 crore investment in JSW JFE Kalinga, acquiring a 50% stake through the second tranche of the transaction and formalising joint ownership of the steel venture.
Coal India to invest $201 million in research and development by fiscal 2030
Coal India is set to invest a substantial 19 billion rupees in research and development by 2030, focusing on clean coal, net-zero technologies, and mineral recovery. The state-run miner has already committed significant funds to Indian Institutes of Technology and is overseeing numerous R&D projects. This strategic investment marks a fourfold increase in R&D expenditure for fiscal year 2025, signaling a strong commitment to innovation.
Vedanta Iron & Steel zooms 10%, up 70% since listing; time to book profit?
Vedanta Iron and Steel shares listed at ₹20 on the NSE and ₹22.25 on the BSE on June 15. It was one of the four companies demerged from Vedanta Limited and listed as a separate entity.
Adani Ports sells 49% stake in Vizhinjam port to shipping major MSC's unit in $1.4 bn deal
Adani Ports will sell 49% stake in its Vizhinjam port to Mediterranean Shipping Co's unit for $1.4 billion. With a big capacity expansion on the cards, the partnership looks to increase traffic and improve logistics for the Indian port.