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Adani Group
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Adani Group: A Colossus Under Scrutiny The Adani Group, an Indian multinational conglomerate founded in 1988 by Gautam Adani, has rapidly ascended to become a prominent force in various sectors, including ports, airports, energy, mining, and infrastructure. Initially a commodity trading business, th...
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- Company type Corporate group
- Industry Conglomerate
- Founded 20 July 1988
- Founders Gautam Adani
- Headquarters Ahmedabad, Gujarat, India
- Area served Worldwide
- Key people Gautam Adani (chairman)
- Revenue ₹3.09 lakh crore (US$35 billion) (2024)
- Net income ₹41,263 crore (US$4.7 billion) (2024)
- Number of employees ~36,000 (2024)
- Website www.adani.com
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Adani Group history
Last Updated : 26/03/25, 11:30 PM
Adani Exports Limited: From Trading to Conglomerate Adani Exports, founded in 1988 with a capital of ₹5 lakhs, rapidly transformed from a commodity trading firm into a sprawling conglomerate. The establishment of Mundra Port in 1990 provided a crucial logistical advantage, fueling its growth. ...
ADANI GROUP NEWS
Adani Group's EBITDA grows 42% in Q1 as businesses log impressive growth
August 23, 2023 1:50 pm
All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) EBITDA of Rs 24,780 crore, Adani group said in a statement.
Sensex rises 213 pts, Nifty advances to 19,440; bank stocks shine, JioFin hits 5% lower circuit
August 23, 2023 3:59 pm
After opening flat, domestic equities jumped higher on Wednesday led by a rally in bank stocks.
SEBI seeks more time from SC to complete probe against Adani Group over Hindenburg charges
August 15, 2023 2:48 am
SEBI informed the Court that it “had sought information from agencies, regulators in foreign jurisdictions, etc. and upon receipt of such information, will evaluate the same to determine further course of action, if any…”
Adani shares fall after Deloitte resigns as Adani Ports & SEZ's auditor; AEL slips over 5%
August 14, 2023 10:57 am
Adani Ports & SEZ's stock fell almost 4 per cent to touch an intraday low of Rs 771 on BSE.
Adani Ports board accepts Deloitte resignation
August 13, 2023 3:47 pm
The company reported a rise of 82.6 per cent in net profit to Rs 2,114.7 crore in the June quarter compared to Rs 1,158.3 crore in the corresponding period last year.
When auditors quit, you know things are not as projected: Cong on Adani issue
August 12, 2023 5:20 pm
Congress General Secretary (Communications) Jairam Ramesh cited Deloitte Haskins and Sells announcing their decision to quit as auditors for Adani Ports and SEZ and said, "When statutory auditors repeatedly quit, you know that things are not as they are projected".
Deloitte to quit as Adani Ports’ auditor over concerns flagged by Hindenburg: Report
August 11, 2023 10:31 pm
Deloitte in May had pointed to certain transactions flagged by the US short-seller in its report and gave only a qualified opinion, which indicates concerns by a company's auditor.
Adani group units in talks to tap local bond market to raise Rs 15 billion: Report
August 11, 2023 4:35 pm
Two units of Adani group are in talks with merchant bankers to raise as much as 15 billion rupees ($181 million) each through local currency bonds as part of the ports-to-power conglomerate's aim to raise 100 billion rupees this financial year, Reuters reported.
Adani Enterprises weighs selling its stake in Wilmar, exiting $6 billion JV: Report
August 09, 2023 12:19 pm
Adani Enterprises has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, according to a report.
Sensex gains 480 pts, Nifty above 19,500; Zomato climbs 11%, SBI slips post Q1 earnings
August 04, 2023 3:46 pm
SBI's slipped nearly 3 per cent after India's largest lender posted a 178 per cent rise in net profit to Rs 16,884 crore. The stock closed at Rs 573.15 on BSE.
