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Thursday, August 11, 2022

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ADANI GROUP NEWS

Gautam Adani’s NBFC plans IPO as soon as 2024

July 29, 2022 12:41 pm

Adani Capital’s first-time share sale will offer about a 10% stake in the shadow bank and target a valuation of around $2 billion, Managing Director and Chief Executive Officer Gaurav Gupta said.

5G auction Day 1: Bids of Rs 1.45L cr; premium 700 MHz band in demand

July 27, 2022 8:27 am

A total of 72 GHz of spectrum is up for bidding in the ongoing auction in various high- and low-frequency bands, accounting for a total of around Rs 4.3 lakh crore.

Gautam Adani says never slowed investments; $70 billion to turn India to clean energy exporter

July 26, 2022 4:38 pm

Speaking at the annual shareholder meeting of the group companies, he said the previously announced USD 70 billion investment in new energy business will help turn India from being a net importer of oil and gas to an exporter of clean energy.

5G auctions: who’s bidding, and what’s at stake for whom

July 27, 2022 7:37 am

A total of 72 GHz of airwaves will be up for bidding, with participation from four entities — Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.

Explained: What EMD amount reveals about players in the 5G auction race

July 20, 2022 4:51 am

Reliance Jio has put in an earnest money deposit (EMD) of Rs 1,400 crore compared to Rs 5,500 crore EMD submitted by Bharti Airtel, Rs 2,200 crore by Vodafone Idea (Vi), and Rs 100 crore by the Adani Group. What is the significance of the EMD amount?

Adani Wilmar cuts prices of edible oil by up to Rs 30 per litre

July 18, 2022 2:51 pm

"In continuation to the global price reduction and the government's effort to pass on the benefits of reduced edible oil prices to consumers, Adani Wilmar has further slashed edible oil prices from the last month's reduction effected by the company," a company statement said.

Explained: Adani enters 5G auction race, what are the implications for the industry?

July 15, 2022 12:30 pm

Industry insiders and analysts are viewing Adani’s entry into the country’s telecom space as a potential disruption that could have repercussions for the sector.

5G bidding race: Adani arm, Jio, Airtel, Vi line up

July 13, 2022 5:02 am

The Adani Group has also obtained a letter of intent by the DoT for grant of Unified Licence (UL) in the Gujarat circle.

Adani in spectrum race, but ‘not in consumer mobility space’

July 11, 2022 8:49 am

The development comes after the Department of Telecommunications (DoT), in a set of rules issued last month, had said that companies wishing to set up private 5G networks could obtain spectrum from the government directly, without paying a licence fee.

Adani Group planning to enter telecom spectrum race; to face Ambani's Jio, Mittal's Airtel

July 09, 2022 11:47 am

Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.

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