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

Adani Enterprises' Massive Investment

Adani Enterprises, led by billionaire Gautam Adani, is set to invest ?80,000 crore in the current fiscal year. A significant portion of this investment, approximately ?50,000 crore, will be allocated to Adani New Industries Ltd (ANIL) and airport projects. ANIL is focused on producing solar modules and green hydrogen, aiming to manufacture 10 gigawatts of solar modules and 3 gigawatts of wind turbines.

The investment plan includes ?12,000 crore for road development, particularly for the Ganga Expressway, ?10,000 crore for a new PVC project, and ?5,000 crore for data centres. This subst..

Adani Enterprises Plans Rs.8.5 Billion Investment

Adani Enterprises, a prominent Indian conglomerate, has unveiled ambitious plans to invest Rs 80,000 crore in capital expenditure during the current fiscal year. This substantial investment underscores the group's commitment to aggressive expansion across various sectors.

The investment primarily aims to bolster Adani's presence in key areas such as infrastructure, renewable energy, logistics, and coal mining. With this significant infusion of capital, Adani Enterprises is poised to fuel its growth trajectory and solidify its position as a major player in India's economic landscape...

Adani Enterprises Q4 Profit Drops 38%

Adani Enterprises, a leading conglomerate in India, has reported a 38% decline in its fourth-quarter profit. The decrease is attributed primarily to challenges faced by its roads business segment, impacting the company's overall financial performance.

The decline in profit reflects the difficulties encountered by Adani Enterprises in its roads business, which has weighed on its earnings for the quarter. Despite strong performance in other sectors, the challenges in the roads segment have had a significant impact on the company's bottom line.

Adani Enterprises' financial results..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..