Adani Group Secures Rs 13,888 crore contracts for Smart Meter Rollout

Adani's APSEZ Eyes Port Development in Philippines

Adani Ports and Special Economic Zone (APSEZ), a subsidiary of Adani Group, is reportedly considering a foray into port development in the Philippines. This potential venture underscores APSEZ's strategic expansion efforts beyond India's borders and its ambition to establish a global presence in the maritime industry.

The exploration of port development in the Philippines represents a significant opportunity for APSEZ to leverage its expertise and experience in port operations and management. The venture aligns with the company's vision of becoming a leading player in the global logist..

Adani Enterprises' Q4 profit drops 38% due to roads segment

Adani Enterprises of India reported a nearly 38% decline in profit, citing weak performance in its roads segment and increased expenses.

According to an exchange filing by the flagship company of the Adani group, consolidated net profit decreased to Rs 4.51 billion for the quarter ended March 31, down from 7.22 billion rupees the previous year.

The conglomerate noted an 84% drop in pre-tax profit in its road infrastructure segment. Additionally, its commercial mining segment recorded a pre-tax loss of 2.01 billion rupees, in contrast to a profit of Rs 2.31 billion previously...

SEBI issues Show Cause to six Adani firms

Several Adani group companies have reportedly received show cause notices from the Securities and Exchange Board of India (SEBI) for alleged violations of related party transactions and non-compliance with listing regulations, as stated in filings to the stock exchange by the companies. In notes accompanying their respective financial results for the March quarter and FY24, the group's flagship Adani Enterprises, Adani Ports & Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Total Gas, and commodities firm Adani Wilmar disclosed information regarding the SEBI notice.

A..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability t..

Impending Solar Storm Threatens Earth

The global scientific community is abuzz with the news of an impending severe geomagnetic storm predicted to hit Earth late Friday night, on May 10. A series of solar flares and coronal mass ejections (CMEs) that began on May 8 are expected to trigger northern auroras and possibly disrupt satellite communications, electric power grid, and even trigger GPS problems.

Astronomers around the world pointed their telescopes at the sun on Friday, marveling at the abnormally large sunspots ever seen on the surface of the local star. The unusual solar activity gave rise to many theories and spe..