Washington, May 19 (IANS) Indian-American community leader and former presidential adviser, Ajay Bhutoria, on Monday hailed the dismissal of criminal charges against the Adani Enterprises Ltd, calling it a “definitive legal victory” and describing the Adani Group’s proposed $10 billion investment in the United States as a “game-changer” for the American infrastructure and technology leadership.In a statement issued from Silicon Valley, Bhutoria said the resolution marked a major turnin…
Latest Adani Enterprises Ltd News & Updates
Washington, May 19 (IANS) The resolution of the legal matter involving Adani Enterprises Ltd removes a major distraction from the growing India-US economic partnership, and could pave the way for fresh Indian investments in the United States, the US-India Strategic Partnership Forum (USISPF) said on Monday.“The US Department of Justice’s resolution in the case involving Adani Enterprise brings closure to the ongoing legal matter, which has been a distraction to the otherwise strong US-India ec…
Ahmedabad, April 30 (IANS) Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday posted 31 per cent growth in net profit (year-on-year) at Rs 9,339 crore in FY26, from Rs 7,112 crore in FY25.Total income increased by 3 per cent to Rs 1,02,943 crore last fiscal, as EBITDA was maintained at Rs 16,464 crore.With the close of fiscal 2026, AEL has transitioned to a core infrastructure-led model, with 80 per cent of its EBITDA coming from mature, long-term and contracted bu…
Gandhinagar/New Delhi, Feb 10 (IANS) A court in Gujarat’s Gandhinagar district has convicted journalist Ravi Nair in a criminal defamation case filed by Adani Enterprises Ltd (AEL), sentencing him to one year’s simple imprisonment and imposing a fine of Rs 5,000. Pronouncing the verdict on Tuesday, the Court of Judicial Magistrate First Class, Mansa, held that Nair was guilty of the offence punishable under Section 500 of the Indian Penal Code, after finding that a series of tweets and onlin…
Gandhinagar, Feb 10 (IANS) A court in Gandhinagar has convicted journalist Ravi Nair in a criminal defamation case filed by the Adani Enterprises Ltd (AEL) and sentenced him to a year’s imprisonment and a fine.The case followed from a complaint filed by the Adani Group’s flagship company, alleging that Ravi Nair had published and disseminated a series of tweets containing false and defamatory statements intended to damage the reputation of the AEL and the Adani Group.The AEL argued that the …
Ahmedabad, Feb 3 (IANS) Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Tuesday registered an impressive 90 times growth in net profit at Rs 5,627 crore for the October-December quarter (Q3 FY26) year-on-year.For the nine months this fiscal (FY26), consolidated EBITDA reached Rs 11,985 crore while revenue stood at Rs 69,756 crore, the Adani Group company said in a statement.AEL has strengthened its track record of consistently delivering operational and execution excelle…
Mumbai, Feb 3 (IANS) Stocks of the Adani Group companies surged on Tuesday in early trade after the announcement of the India-US trade deal, led by Adani Enterprises Ltd (AEL), which traded near the upper circuit of 10 per cent.Adani Green and Adani Energy also gained more than 7 per cent as the stock market rallied. The gains trickled down to Adani Ports, Adani Power, Ambuja Cements and Adani Total, all of which rose by than 4 per cent.The investor sentiment in Adani Group companies was aided b…