Adani Group to invest Rs 87 bn in Bihar for energy infrastructure

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..

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..