Adani to exit consumer goods venture Adani Wilmar in $2 bn deal

Billionaire Gautam Adani’s group on Monday announced its exit from FMCG joint venture Adani Wilmar by selling its entire stake to the Singaporean partner and in the open market for an estimated over $2 billion in a first major deal

Navi Mumbai airport likely to be inaugurated on April 17

The upcoming Navi Mumbai International Airport is set to be functional from early next fiscal year with the expected inauguration of the facility on April 17, a senior Adani Group official said on Sunday. Photograph: Screengrab courtesy, GVK’s official video

Despite US indictment, Adani still has a few supporters

Abu Dhabi’s International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US

Adani’s clarification on bribery charges lifts markets

Equity benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a sharp rally in Adani group stocks and fresh foreign fund inflows. The BSE benchmark Sensex climbed 230.02 points or 0.29 per cent to settle at 80,234.08. During the