Free Press Journal
  • Cong accuses govt of helping Adani in coal import scam

     New Delhi : An unusual case, filed by the Adani Group, is coming up in the Bombay High Court on Wednesday to prevent the government access to the data that can pin it down in the coal import scam for the thermal power plants that is linked to the private power companies trying to jack up the power rates in six states including Maharashtra and Rajasthan.

  • Adani Capital to raise Rs 1,000 crore in growth capital in FY19

    Mumbai: Adani Capital, the financial services arm of diversified Adani group, is planning to raise around Rs 1,000 crore in debt, mostly in bank loans, this financial year to fund growth. The company began operations as an NBFC in April 2017 with a focus on MSME and corporate finance. The MSME finance mainly includes business loans, farm sector finance, commercial vehicle loans and supply chain finance, while in corporate finance, it mainly operates

  • Modi’s personal culpability in Rafale scam: Shourie, Sinha

    New Delhi : Alleging Narendra Modi’s “personal culpability” in the Rafale jet purchases, former BJP Ministers Yashwant Sinha and Arun Shourie on Tuesday accused the Prime Minister of “compromising national security” by unilaterally finalising the deal, shunning every rule of military procurement.

  • Adani Group

    Gas retailing licence bids: Adani Grp goes for 52 cities, followed by GAIL

    New Delhi : Adani Group has aggressively bid in case of city gas retailing licences and emerged as the top bidder by eyeing as many as 52 cities. Meanwhile, another player Reliance-BP joint venture (JV) came close to bidding for licence to retail gas in 15 cities but did not place a firm bid.

  • Adani to raise Rs 6,000 cr via stake sale in units

    Mumbai : The Gautam Adani-led Adani Group on Sunday said it plans to raise Rs 5,000-6,000 crore of equity through a combination of primary issuances and secondary monetisation of its stake in some of its subsidiaries.

  • Ruchi Soya’s RP seeks time to reply on Patanjali issues

    New Delhi :  The resolution professional (RP) of bankruptcy-bound Ruchi Soya has sought at least 8-10 days’ time for replying to clarifications sought by Patanjali Ayurved related to eligibility of Adani Group to participate in the bidding process to acquire Indore-based edible oil firm.

  • Change in shipping policy to put JNPT in troubled waters

    Mumbai : The Ministry of Shipping’s recent decision to relax restrictions on the movement of export-import cargo by foreign ships between and among Indian ports could have disastrous consequences for the domestic shipping industry and the economy.

  • CBI faces HC wrath over probe into Rs 30k-cr coal scam

    New Delhi : The Delhi High Court has asked the Central Bureau of Investigation (CBI) to explain why it closed the preliminary inquiry into the alleged Rs 30,000 crore coal import invoicing scam, even as the Directorate of Revenue Intelligence (DRI) was still probing these cases.

  • Mumbai: Adani Group expresses interest in operating stumbling Monorail

    Mumbai: In some good news for the much-maligned and malfunctioning Mumbai Monorail, the Gautam Adani-owned Adani Group has shown interest in operating the trouble-making 19-km-long Mumbai Monorail corridor between Chembur and Jacob Circle (Mahalaxmi), officials from the Mumbai Metropolitan Region Development Authority (MMRDA) confirmed.

  • Adani to invest Rs 750cr in West Bengal

    Kolkata: Adani Group today said it would invest Rs 750 crore to double the capacity of the company’s edible oil refinery at Haldia in West Bengal.

  • Centre to mull over emergency duty on solar equipment imports

    New Delhi : India’s Directorate General of Safeguards (DGS) has asked the government to levy an emergency duty, at the rate of 70% ad valorem, on the import of solar power equipment from countries like China, for 200 days, to protect the domestic industry from “serious injury”.

  • Vedanta, Adani keen on MP diamond mine

    New Delhi : Metals and mining major Vedanta Ltd and the Adani Group may bid for the Bunder diamond project in Madhya Pradesh from which global giant Rio Tinto exited this year, according to sources. “Vedanta may bid for the Bunder project,” said a source on the condition of anonymity. Another source in the know of developments said that Adani is considering bidding for the diamond project. Some of the company’s officials

  • Adani’s $3.5bn debt-funded Australia investment at risk

    New Delhi : The Adani Group’s entire A$3.5 billion (Rs 178 billion) debt-funded ‘investment’ in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday. In a new report it details how Adani’s Abbot Point Coal Terminal has excessive financial leverage, negative shareholders equity and runs the risk of becoming a stranded asset if Adani’s Carmichael mine does not get a $1 billion Australian

  • Adani group gives final investment approval for Carmichael coal mine

    Melbourne : Indian conglomerate Adani Group on Tuesday gave the final investment approval for its 21.7 billion dollars Carmichael coal mine project in Australia which has faced many roadblocks over environmental concerns due to its proximity to the iconic Great Barrier Reef.

  • Gautam Adani gives final approval for coal mine project in Australia

    Melbourne: Adani Group Chairman Gautam Adani today gave the final investment approval for the Indian conglomerate’s controversy-hit 21.7 billion dollars coal mine project in Australia which had hit several roadblocks over environmental concerns.

  • Adani’s Aussie mine to supply two types of coal

    Melbourne : Indian energy giant Adani is planning to supply lower quality coal with high ash content to non-premium markets like India from its controversy-hit Carmichael coal and mine project in Australia’s Queensland state, according to a media report.