#adani enterprise result

[jaiminiofficial]

Adani Enterprises Share Price & News | अडानी एंटरप्राइजेज शेयर

Adani Enterprises Share | अडानी एंटरप्राइजेज शेयर Adani Enterprises Share Price & News | अडानी एंटरप्राइजेज शेयर अदानी एंटरप्राइजेज लिमिटेड एक भारतीय बहुराष्ट्रीय सार्वजनिक रूप से सूचीबद्ध होल्डिंग कंपनी है और अदानी समूह का एक हिस्सा है । इसका मुख्यालय अहमदाबाद में है और मुख्य रूप से कोयले और लौह अयस्क के खनन और व्यापार में शामिल है । अपनी विभिन्न सहायक कंपनियों के माध्यम से, हवाईअड्डा…

[leprivatebanker]

Adani Enterprises profit rockets on growing airports and green business

Quarterly results boost Gautam Adani’s conglomerate as it seeks to bounce back from damaging allegations

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[asj-ventures]

Market Morning Brief - 12th August

Asian markets trade flat and GIFT Nifty after turmoil on Hindenburg-Adani/Buch allegations.

Gift Nifty trading 9 points down at 8:06 am.

Israeli Defense Minister Yoav Gallant spoke on Sunday with U.S. Defense Secretary Lloyd Austin and told him Iran's military preparations suggest Iran is getting ready for a large-scale attack on Israel.

Key for the Federal Reserve will be U.S. consumer prices on Wednesday where economists look for rises of 0.2% in both the headline and core, with the annual core slowing a tick to 3.2% hoping upto 0.5% rate cut.

Quarterly results today :

Vodafone Idea, Voltas, Bajaj Hindusthan Sugar, Balrampur Chini Mills, Campus Activewear, Dhanlaxmi Bank, DOMS Industries, Happiest Minds Technologies, Hindustan Copper, Housing & Urban Development Corporation, Indian Railway Finance Corporation, Natco Pharma, National Aluminium Company, NMDC, Olectra Greentech, Senco Gold, SJVN, Sunteck Realty, and Voltas.

Stocks in news today,

🎯Larsen & Toubro

Subsidiary L&T Semiconductor Technologies has completed the acquisition of a 100% stake in SiliConch Systems.

🎯Kotak Mahindra Bank

The bank has acquired 30 lakh equity shares of Open Network for Digital Commerce (ONDC) for Rs 30 crore. With this, the bank’s current shareholding in ONDC is 5.10%.

🎯Oil and Natural Gas Corporation

The company has received approval from the Government of India for the infusion of additional equity capital of up to Rs 10,501 crore in ONGC Petro Additions (OPaL), conversion of backstopped Compulsorily Convertible Debentures (CCDs) amounting to Rs 7,778 crore, and balance payment of Rs 86 crore with respect to share warrants, totaling Rs 18,365 crore. This will change the status of OPaL into a subsidiary of ONGC with a 95.69% equity stake.

🎯Bank of Baroda

The public sector lender has raised lending rates by 5 basis points (bps) on its three-month, six-month, and one-year tenures, effective August 12.

🎯Canara Bank

The bank has raised its lending rate by 5 bps across tenures, effective August 12.

🎯Atul

Subsidiary Atul Bioscience has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (FDA) for its manufacturing facility at Ambernath, Maharashtra. The EIR was issued post the last inspection of the facility conducted from May 6 to May 10, which concluded with zero FDA 483 observations.

🎯Mastek

Hiral Chandrana has resigned as Group CEO of the company. The board has recommended Umang Nahata as the Interim Group CEO of Mastek Group, effective August 10. Umang Nahata is currently one of the non-Executive Directors of the company.

🎯Coffee Day Enterprises

The IDBI Trusteeship Services has admitted Coffee Day Enterprises into the National Company Law Tribunal (NCLT) for the initiation of Corporate Insolvency Resolution Process (CIRP) for Rs 228.45 crore. The company is planning to take the required legal action in this regard.

🎯Amara Raja Energy & Mobility

Subsidiary Amara Raja Advanced Cell Technologies has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles, a 100% Indian subsidiary of the Italian auto giant Piaggio Group. Amara Raja will collaborate with Piaggio India to develop and supply LFP (lithium iron phosphate) Lithium-Ion (Li-ion) cells and chargers for its electric vehicles, along with developing cells and battery packs for their upcoming offerings.

🎯Caplin Point Laboratories

The United States Food and Drug Administration (US FDA) conducted an unannounced inspection of Caplin Steriles’ injectable and ophthalmic manufacturing facility at Gummidipoondi. The inspection was conducted between August 5 and August 9 and concluded with zero observations.

Positive 👍🏻

Bulk Deals

🎯Hatsun Agro Product

VVV and Sons Edible Oils sold a 0.6% stake in the company at an average price of Rs 1,227.27 per share.

🎯Paramount Communications

Foreign investor Nexpact sold a 0.76% stake in the company at an average price of Rs 80.5 per share.

🎯Updater Services

Foreign company India Business Excellence Fund IIA sold a 0.64% stake in the company at an average price of Rs 326.57 per share.

🎯ACE Software Exports

Ace investor Shankar Sharma has bought a 1.25% equity stake in the company at an average price of Rs 359.5 per share. However, Jamkuben Harilal Dhamsaniya sold a 2.03% stake in the company at the same price.

🎯Nexus Select Trust

Morgan Stanley Asia Singapore Pte ODI, HDFC Trustee Company - HDFC Flexi-Cap Fund, Morgan Stanley Asia Singapore Pte, ICICI Prudential Mutual Fund, Carmignac Gestion A/C Carmignac Emergents, and Wells Fargo Emerging Markets Equity Fund purchased a 7.76% stake in the trust at an average price of Rs 138 per unit. However, BREP Asia SG Red Fort Holding NQ Pte and BREP Asia II Indian Holding Co IX (NQ) Pte sold 20.82% units at the same price.

For More Detailed Analysis Connect with us at ASJ Ventures

ASJ Ventures

[newsriveting]

Adani Enterprises' revenue increased by 13 per cent to Rs 26,067 crore in Q1FY25

Representational image Team News Riveting Ahmedabad, August 1, 2024: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter ended June 30, 2024 (Q1FY25). The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are consistently making significant strides in their operational performance. The contribution of…

[madathilenterprises]

Madathil Enterprises | Solar Panel Installation in Kerala | 97 45 45 1234

Illuminating Kerala's Skyline: Madathil Enterprises' Commitment to Solar Excellence

In the sun-kissed state of Kerala, where the lush green landscape meets the azure skies, there exists a beacon of sustainable progress – Madathil Enterprises. With a steadfast dedication to quality and innovation, this ISO 9001-2015 certified company has been illuminating rooftops across the region with their exceptional solar panel installation services.

Madathil Enterprises is not just another solar solutions provider; it's a testament to expertise, reliability, and a passion for a greener tomorrow. Specializing in rooftop solar installations for both domestic and industrial clients, the company boasts an impressive portfolio of over 3000 projects spanning 24 years.

What sets Madathil apart is their unwavering commitment to quality. Partnering with major brands like V-Guard, UTI Solar, Vikram Solar, Adani, Waare, and more, they ensure that every installation is equipped with the finest materials and accessories. This dedication to excellence has earned them the status of an MNRE approved vendor, a badge of honor in the renewable energy industry.

But Madathil Enterprises isn't just about installing solar panels; it's about empowering communities and businesses to embrace sustainable energy solutions. They offer both on-grid and off-grid systems, providing tailored solutions to meet the unique needs of each client. Whether it's reducing carbon footprints, cutting energy costs, or ensuring energy independence, Madathil Enterprises delivers results that go beyond expectations.

As Kerala continues to embrace the promise of solar energy, Madathil Enterprises stands as a guiding light, leading the charge towards a brighter, cleaner future. With their unparalleled expertise, unwavering quality, and commitment to sustainability, they are not just shaping the skyline; they're shaping a better tomorrow for generations to come. Join them on their journey towards a sun-powered future, and together, let's paint Kerala's skyline with the colors of sustainability.

[krishnadudhat]

Top 10 richest person in india of 2024

Get more information, please click the link - https://shurtitalks.com/top-10-richest-person-in-india-of-2024/

As India’s economy experiences exponential growth, one might frequently wonder about the implications. A record number of Indians, totaling 200, have made it to Forbes' 2024 World's Billionaires list.

To probably no one's surprise, Mukesh Ambani tops the list, followed by eminent personalities such as Gautam Adani and Shiv Nadar. In this post, we bring you a list of the top 10 richest people in India courtesy of Forbes' Real-Time Billionaires rankings, which keep an eye out for billionaires globally. And this information provided corresponds to data collected on March 8, 2024.

1. Mukesh ambani

Mr. Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, stands as India's wealthiest individual. According to Forbes, Reliance Industries reports a revenue of over Rs 9.03 lakh crore ($109.4 billion). The conglomerate is engaged in diverse sectors including petrochemicals, oil and gas, retail, telecom, and more. Ambani's three children, Akash, Anant, and Isha, actively participate in managing various divisions of the conglomerate.

Check for more information about Reliance Industries

2. Gautam Adani

Gautam Shantilal Adani, an Indian billionaire industrialist, is renowned as the founder and chairman of the Adani Group, a multinational conglomerate involved in port operations and development within India. The Adani Foundation, established by Gautam Adani in 1996, has his wife, Priti Adani, serving as its chairperson. The group's business interests encompass various sectors, including ports, airports, power generation, and transmission, as well as green energy. Adani is recognized as India's largest airport operator and also controls Gujarat's Mundra Port, the country's largest.

Check for more information about Adani Group

3. Shiv Nadar

Shiv Nadar, the owner of the HCL group, boasts an esteemed clientele including Cisco, Microsoft, and Boeing. Recognizing his significant contributions to the IT industry, the Indian government honored Mr. Nadar with the Padma Bhushan, India's esteemed third-highest civilian award, in 2008. Mr. Nadar is highly regarded as a philanthropist, having donated Rs 2,042 crore in late 2023.

Check for more information about Founder of HCL Enterprise

4. Savitri Jindal & family

Savitri Jindal, an Indian politician and entrepreneur, holds the esteemed position of emeritus chair at the O.P. Jindal Group, with her four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, managing the various divisions of the business. Additionally, JSW Sports, the sports division of the JSW Group, operates within this conglomerate that spans India, the USA, South America, Europe, and Africa. Its objective is to actively contribute to the development of a vibrant sports ecosystem in India. Savitri Jindal stands as the wealthiest woman in India.

Check for more information about Jindal Steel Power

5. Dilip Shanghvi

Dilip Shanghvi stands as a prominent Indian business tycoon, heralded as the visionary behind Sun Pharmaceutical Industries, which became the first Indian pharmaceutical company to achieve a $5 billion valuation. He steered Sun's growth trajectory through a string of acquisitions, notably the landmark 2014 acquisition of the scandal-marred rival Ranbaxy Laboratories for $4 billion.

Check for more information about Sun Pharmaceuticals

6. Cyrus Poonawalla

Cyrus Poonawalla, a prominent figure in vaccine development in India, is the primary beneficiary of the expanding sales and earnings resulting from his ownership of the privately held Serum Institute of India. And assisting him in its management is his son, Adar. The institute, headquartered in Pune, holds the prestigious title of being the world's largest vaccine manufacturer. The recent increase in Cyrus Poonawalla’s wealth can largely be attributed to the widespread utilization of the Covid-19 vaccines developed by the SII.

Check for more information about Serum Institute of India

7. Kushal Pal Singh

Kushal Pal Singh, a property baron, serves as the chairman emeritus of DLF, which stands as India's biggest listed real estate firm by market cap. Singh, an army veteran, commenced his journey with DLF, a company initiated by his father-in-law, in 1961. He held the position of chairman for over five decades.

Check for more information about DLF Limited

8. Kumar Birla

Renowned as a leading figure in the commodities sector, Kumar Birla assumes leadership of the Aditya Birla Group. In addition to its involvement in aluminum and cement sectors, the conglomerate also offers financial services. Birla previously held the position of non-executive chairman of Vodafone Idea, a telecommunications company, but resigned in 2021 amidst mounting debts. As of 2024, the company has appointed Birla as a non-executive director.

In a recent development, Birla's children, Ananya and Aryaman, have joined the boards of his flagship companies. Birla anticipates their infusion of fresh ideas, passion, and energy into the business.

Check for more information about Hindalco Industries

9. Radhakishan Shivkishan Damani

Radhakishan Shivkishan Damani, an Indian entrepreneur and distinguished investor, is celebrated as the architect behind Avenue Supermarts Limited, overseeing the operations of over 300 DMart stores across India. Moreover, he exerts authority over his investment endeavors through Bright Star Investments Limited, his corporate vehicle.

Check for more information about Avenue Supermarts Limited

10. Lakshmi Mittal

Lakshmi Mittal, the present Chairman and CEO of ArcelorMittal, holds the esteemed position as the leading global steel manufacturer. In 2019, ArcelorMittal, in partnership with Nippon Steel, successfully completed the acquisition of Essar Steel for $5.9 billion. Prior to this, Essar Steel was under the ownership of Shashi and Ravi Ruia. In 2021, Mittal transitioned the CEO role to his son, Aditya Mittal, while retaining his position as the executive chairman of ArcelorMittal. The recent invasion of Ukraine by Russia prompted ArcelorMittal to halt production at its Kryvyi Rih facility in Ukraine.

Check for more information about ArcelorMittal

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[firmsfinder]

Best Mobile App Development Company in India & USA

The importance of mobile applications in a world where smartphones rule cannot be emphasized. Individuals, companies, and entrepreneurs are all beginning to understand how critical it is to be present on mobile platforms. The need for trustworthy and creative mobile app development companies has increased as a result. We will examine the leading participants in the market in this post, with an emphasis on the top mobile app development firms in the USA and India.

The Best Mobile App Development Company Requirements

It’s important to define the criteria for assessing the top mobile app development businesses before getting into the specifics. Three salient features emerge: technical proficiency, portfolio and case studies, and endorsements and reviews from clients.

The following are the top ten mobile app development firms in the USA and India for 2023–2024:

1. Sapphire Software Solutions

Sapphire Software Solutions is an ISO 27001:2013 certified web and mobile app development firm that was founded in 2002. They offer product development, maintenance, and software outsourcing services. Sapphire has a proven track record of creating successful mobile apps. As a market leader, the business has more than 2800 happy customers across more than 30 nations. Sapphire has cultivated solid customer relationships spanning over two decades, serving a diverse variety of clients from start-ups to large corporations. Working with numerous Fortune 500 organisations and well-known brands including American Express, Bayer, Chevron, Almarai, Adani, L&T, Vedanta, JSW, Cummins, ACC, Ambuja, Birla Group, Dr. Reddy, and LOREAL, the worldwide company has a wealth of experience.

2. Infosys Limited

Infosys is an Indian multinational information technology company that provides outsourcing, information technology, and business consulting services. It is a pioneer in digital services of the future generation and consulting.

3. Tata Consultancy Services

TCS is an IT services, consulting, and business solutions company that has teamed with many of the world’s largest organizations. The company is using technology, creativity, and cumulative experience to create a meaningful future.

4. Tech Mahindra

Tech Mahindra represents the linked globe and offers state-of-the-art, customer-focused information technology experiences. They choose experts from a range of backgrounds who have a wealth of knowledge and skills that meet industry standards.

5. Intelegain Technologies

Startups and enterprises in the US and Canada can use Intelegain Technologies’ Microsoft Dynamics 365, Azure Cloud, and app development services. Mumbai, India is home to the 20-year-old company Intelegain, which has sales offices in Dallas, Texas. With regard to Microsoft Dynamics CRM, Business Central Implementation, Azure Cloud Services, and Mobile/Web App Development Services, Intelegain offers project services and IT staff augmentation. A Microsoft Gold Partner, Intelegain has won 22 vertical awards, including Fintech, Edtech, Manufacturing, Logistics & Transportation, Construction, Hospitality, Retail, and Technology. It has also received the Microsoft P2P Gold Award and the CRN Excellence Award FY 2018–19.

For more reads: Mobile App Developers

[meghnasharama-blogs]

How an Online MBA Accelerates Your Ascent as a Strategic Sourcing Analyst

Introduction:

In the intricate intricacies of international commerce, the Strategic Sourcing Analyst emerges as an expert, weaving the web of wisdom and strategy. Aspiring to elevate your expertise in sourcing with strategy? A leap into an Online MBA in Logistics with Supply Chain Management might be your key to open the doors of data-driven decision-making and commercial clarity. Join us as we dissect the domain of sourcing within India's burgeoning business boundaries and unravel how an MBA refines research into actionable results.

MBA – Meticulous Mastery for Market Mechanics:

Market Mapping: Maneuver through multifaceted markets, mastering material movements.

Vendor Vigilance: Validate vendors, vouching for value and validity.

Contract Craft: Concoct contracts with cunning, ensuring compliance and cost-effectiveness.

Risk Review: Recognize and reduce risks, reinforcing robust relations.

Industries Invoking Intelligent Insights:

Post-MBA, set your strategic sights on sectors such as:

Tech Titans: Tether tech tenders with tenacity, targeting top-tier terms.

Healthcare Heights: Harness holistic healthcare handlings, hedging high-quality holds.

Retail Rarities: Reap rich rewards by rigorously reviewing retail requisitions.

Manufacturing Magnates: Match manufacturing means with meticulous market mechanisms.

E-commerce Elites: Engage effectively in e-commerce equilibriums, extracting essential efficiencies.

Analyst's Challenges – Strategizing with Subtlety:

Strategy is seldom without snags:

Market Mix-ups: Maneuvering multifarious markets, minding missteps.

Vendor Variables: Vetting variable vendor virtues, verifying value.

Contractual Conundrums: Crafting contracts while circumventing commercial cul-de-sacs.

Risk Riddles: Resolving risk-related riddles, reinforcing relationships robustly.

Top 10 Corporate Recruiters in India:

Tata Motors

Reliance Industries

Infosys

Mahindra & Mahindra

Larsen & Toubro

Flipkart

Bajaj Auto

Adani Ports

HDFC Bank

Asian Paints

Strategizing with an MBA:

Being a Strategic Sourcing Analyst goes beyond mere market mechanics; it's melding mastery with mettle. An Online MBA in Logistics with Supply Chain Management is not just about knowledge—it's about nuance.

Let ShikshaGurus help you in your Education Journey:

ShikshaGurus assists you in exploring and comparing courses from over 60 online and distance learning universities. They offer free, unbiased consultation sessions with experts to guide you in selecting the ideal educational path. Furthermore, they provide assistance in finding the best university that aligns with your budget.

Conclusion:

Strategic Sourcing Analysts stand tall, translating trends into tangible tactics. In India's industrious landscape, they bring brilliance, binding businesses with balanced backings. An Online MBA in Logistics with Supply Chain Management isn't an endpoint—it's an elevation. Equipped with its insights, these analysts evolve, embarking on endeavors that empower entire enterprises.

[khushi4]

Adani Enterprises Share Price: Current Status and Future Outlook

The share price of Adani Enterprises Limited (Adani Enterprises) closed at Rs 2,573.05 on September 11, 2023. The stock has been on a downward trend since the beginning of the year, and it has touched a 52-week low of Rs 1,017.10 in recent days.

There are a few factors that could be driving the recent weakness in Adani Enterprises' share price. First, the overall market sentiment has been negative in recent months, due to concerns about inflation and the global economic outlook. Second, Adani Enterprises' results for the quarter ended June 2023 were not as strong as expected. The company's net profit declined by 34% YoY to Rs 673.93 crore.

Despite the recent weakness, there are some reasons to be optimistic about Adani Enterprises' future prospects. The company is a diversified conglomerate with interests in ports, energy, infrastructure, and financial services. Adani Enterprises is also well-positioned to benefit from the growth of the Indian economy.

According to a report by Icra, the Indian economy is expected to grow at a CAGR of 7.5% over the next five years. This growth will be driven by factors such as increasing urbanization, rising disposable incomes, and the government's focus on infrastructure development.

Adani Enterprises is well-positioned to capitalize on this growth. The company has a wide portfolio of businesses, and it is expanding its presence in new markets. Adani Enterprises is also investing in new technologies, in order to stay ahead of the competition.

Overall, the outlook for Adani Enterprises' share price is positive. The stock is currently trading at a discount to its peers, and it has the potential to recover in the coming months. However, investors should be aware of the risks associated with investing in the conglomerate sector, such as the volatility of the stock market and the risk of regulatory changes.

Analysts' Recommendations

A number of analysts have given a buy rating to Adani Enterprises' stock. CLSA has a target price of Rs 3,000 for the stock, while ICICI Securities has a target price of Rs 2,800.

Conclusion

The Adani Enterprises share price is currently trading at a discount to its peers. The stock has the potential to recover in the coming months, but investors should be aware of the risks associated with investing in the conglomerate sector.

Here are some additional things to consider before investing in Adani Enterprises:

The company's recent acquisition of Indian Railways' container business could be a positive for Adani Enterprises in the long term.

The company is also facing increasing competition from other conglomerates, such as the Tata Group and the Reliance Group.

The government's recent decision to increase fuel prices could impact the profitability of Adani Enterprises' energy businesses.

Overall, Adani Enterprises is a good investment for investors who are looking for a long-term growth opportunity in the conglomerate sector. However, investors should carefully consider the risks before investing.

As for the future price of Adani Enterprises share, it is difficult to say with certainty. However, based on the factors mentioned above, I believe that the stock has the potential to continue to grow in the coming years. However, it is important to remember that the stock market is volatile and there are always risks involved in investing. Investors should carefully consider their investment objectives and risk appetite before making any investment decisions.tuneshareGoogle it

[stoxboxindia]

Concept of a Value Broker

When it comes to investment, we always think of safe havens like Gold, Real Estate, Insurance, Fixed Deposits to name a few. However, we forget one asset class that is investing in equities. This is because many consider investing in the share markets are riskier and chances of losing money is much higher. But, we forget one thing, which is equities in the long-term generated greater returns than any other asset classes.

Now the question comes how to invest in the share markets. Here, the role of the intermediary, which is the broker, comes into play. But, which broker to choose from? At present we have mainly three kinds of brokers, i.e., Traditional Brokers, Bank Brokers and Discount Brokers. Most importantly, all these brokers are focused more on providing transactional platforms where equity research comes as an ancillary. There is also another kind of broker who does not follow monetisation through transactions, but through creating values through insights, better technologies, better mark to market clients known as Value Broker. One of the pioneers in this concept is StoxBox.

One may ask why and how StoxBox is different? The answer is StoxBox comes in as a partner who hand holds you and helps in making investment decisions and as a result succeed in the share markets. That goes why, now let us come to the point how. The focus or the core of the business is to provide advisory and cutting-edge research through a subscription based product called ProTips, their flagship product, and not to monetise their transaction platform. At StoxBox, the transaction platform is free, which means that the research is unbiased and it is provided to help you make money. They not only help customers to understand and use research, but also provide them to use different tools in the markets like technical analysis, trading in futures, trading with option strategies through specialised courses, which is called as MentorBox.

At MentorBox, they mentor customers through theoretical courses as well as mentoring through live trading. This is an interesting concept as customers login during live markets and they get to see how experts trade during live markets using ProTips and other tools to make money and succeed in your trading and investment journey. StoxBox also mentors you on how to diversify your portfolio and how to build a portfolio and also to introduce you to intraday trading tactics. They are charging you for their advisory services and not for their platform.

Why Value Broking?

There are so many broking houses in the country as well as financial influencers where the information is free and this leads to unsolicited advice. For example, you heard or received or watched a video where it is advised to buy Adani Enterprises and you end up buying the same. However, you were not aware at which price to buy and hold for how many days or months. This is where a Value Broker comes into play. They will advise you at which point to enter and which point to exit and for how long to hold. They will also help you to control your greed factor resulting in successful risk management. StoxBox is aligning their earnings with that of the customer. As the customer will only stay and renew their subscription, only when the services are profitable. Value Brokers are a part of the value chain where the customer finds the products worthy.

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Adani buys 30% in Trainman for Rs 3.5 cr

Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL.

Adani Enterprises, the flagship firm of billionaire Gautam Adani’s group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman.

Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL.

In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore.

SEPL had a turnover of Rs 4.51 crore in 2022–23 (April 2022 to March 2023) fiscal year.

While last month, Adani Enterprises had described SEPL as “an online train booking and information platform,” on Saturday it described the firm as one into “e-commerce and website development.” The announcement last month had led to a mini-controversy with Congress general secretary Jairam Ramesh seeking to suggest that Adani’s takeover of Trainman may eventually result in the takeover of IRCTC — the Indian Railways’ ticketing and other services arm.

IRCTC had issued a statement to deny the allegation. Explaining the e-ticketing business segment, IRCTC had said that around 14.5 lakh reserved tickets are booked on a daily basis in Indian Railways. Out of these almost 81 per cent are e-tickets and booked through IRCTC itself. Hence, there is no competition between IRCTC and its agents, including Trainman.

Trainman, being a B2C partner of IRCTC contributes 0.13 per cent of total reserved ticketing, it had said adding since these firms are integrated with IRCTC, overall, they help the customers in a smooth ticketing process.

Founded in 2011 by Vineet Chirania and Karan Kumar, Trainman is an Indian travel booking app that enables passengers to check the PNR (Passenger Name Record) status, predicts the possibility of getting a confirmed seat in case of a wait-list, and also provides real-time updates on seat availability, running status, time table, coach position, fare calculator, etc.

Trainman is Adani group’s second investment in the travel booking and information segment. In October 2021, Adani Enterprises bought a minority stake in Flipkart’s Cleartrip Pvt Ltd, an online travel aggregator.

[gadgetsforusesblog]

Adani Enterprises stock price closes March 20. Every stock except Adanigreen closes in red

Adani Share Price: The rally of Adani Group shares, which had lasted for nearly a month, was paused on Monday. Heavy selling in the domestic market (Indian Share Market) also flooded Adani Group Stocks. As a result, almost all of the group’s shares closed with a loss on the first day of the week after the end of trading. The process of the upper circuit came to an end In today’s trading, only one…

[filmishine]

Sensex, Nifty Open With Gains

The BSE Sensex opened 373 points higher at 59,282. (File) Stock Indices opened today on a higher note. The Sensex gained 373 points to open at 59,282 and the Nifty opened 120 points higher at 17,442. Featured Video Of The Day Markets Gain Nearly 1%, Adani Enterprises Stock Up 1.9% On Strong Q3 Results

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[adanicase]

Mumbai currently has a higher share of renewable energy than other large cities worldwide. Such developments overshadow Adani investigation issue which is witnessing positive results in the Supreme Court hearings.

[jsbmarketresearch01]

Adani Group Shares Fall by 20% with FPO Opening to Low Price Band as Hindenburg Research Alleges Fraud

Adani Group companies took a hard fall with their shares up to 20% for the second straight session after an allegation from Hindenburg Research about fraud. Adani Ports shares dipped by 15% and shares of Adani Enterprises slumped by 10%. A 5% fall was seen for Adani Wilmar and Adani Power, while a 20% lower circuit was locked for Adani Transmission and Adani Total Gas.

The report revealed that Gautam Adani - the Chairman and founder of the Adani Group has accumulated around $120 billion of net worth over 3 years through stock price appreciation. After 2 years of intensive investigation and research, Hindenburg Research (a forensic financial research firm) came up with the report that led to the effect on the share prices of Adani group companies.

The research firm announced on its official Twitter channel that it has evidence that Adani Group, an Indian conglomerate has participated in stock manipulation over decades, an accounting fraud scheme of U.S. $218 billion or INR 17.8 trillion. The research also pinpointed that 6 of the listed companies of Adani Group in the said period, spiked at 819% on average.

Amidst the FPO (Follow-on-public-offer) opening for subscription at Rs. 20,000 crores, the shares price crashing for Adani Enterprise resulted in the FPO price band downing to Rs 3,112 to 3,276, as many feared that the FPO may not occur. The company gathers Rs. 6000 crores ahead of the FPO from anchor investors.

The company has allocated about 1.82 crore shares to 11 institutional investors at the cost of Rs. 3,276 per share in India’s biggest-ever FPO for retail investors. In the meantime, the Adani Group is looking at legal options against the ‘reckless’ attempt by the U.S. activist investor to sabotage the flagship firm, calling the report published as unresearched and maliciously mischievous.

The Hindenburg Research published the report on 24 January, which affected the investors and shareholders of the Adani Group. But the research firm maintained its stand for the publication and said that it will be meritless for the group to take any legal action and will ask the group in a legal discovery process to provide a long list of documents.

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