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AESL issues impressive results for Q1 FY24, revealing 19% YOY revenue rise

01 Aug 2023 09:11 AM IST

Adani Energy Solutions Limited (AESL) has issued its consolidated results for Q1 FY24, revealing a significant 19% year-on-year revenue rise. The company also recorded a significant increase in profit before tax (PBT) of Rs 343 crore, reflecting a 70% year-on-year increase. Furthermore, the quarterly net profit after tax (PAT) increased

Adani Energy Solutions Limited Consolidated Results for Q1FY24

31 Jul 2023 17:47 PM IST

AESL reports a 19% YoY increase in revenue in Q1FY24 PBT of Rs 343 Cr, up 70% YoY PAT increased by 8% during the quarter Adani Energy Solutions Ltd. (AESL), with effect from July 27, 2023, is the new name for the erstwhile Adani Transmission Ltd. This has been done

Indian stock indices start fresh week largely steady

31 Jul 2023 11:14 AM IST

Markets on Monday morning opened flat with Sensex at 66, 226. 32 up by 0.038 per cent while Nifty opened at 19,662.15 up by 0.075 per cent. Out of Nifty companies, 28 were seen in green and 21 were in red. NTPC, TATA Steel, JSW Steel, Power Grid and Adani

India’s semiconductor industry takes centre stage at SemiconIndia 2023 conference

30 Jul 2023 16:57 PM IST

The SemiconIndia 2023 Conference’s second day featured debates and discussions as India showed off its growing interest in the semiconductor sector. According to a press release from the Ministry of Electronics & IT, the three-day gathering, which was graced by the presence of Union Minister of State for Electronics &

‘SemiconIndia 2023’ kicks off; global chipmakers converge in Gujarat to tap opportunities

28 Jul 2023 14:42 PM IST

With a focus on attracting investments in India’s nascent semiconductor ecosystem, the three-day ‘SemiconIndia 2023’ conference kicked off here on Friday in the presence of Prime Minister Narendra Modi. The conference, its second edition, organised by India Semiconductor Mission in partnership with industry and industry associations, is aimed to make

Indian Stock Market witnesses decline on consecutive day

28 Jul 2023 12:02 PM IST

As the market opened on Friday, the Indian indices kept declining. At the time this article was being written, the Nifty dropped by 0.26% and the Sensex dropped by 0.36%. Twenty of the Nifty companies were green and thirty were red. Axis Bank, Bajaj Finserv, SBI Life, NTPC, and BPCL

ANIL raises trade finance facility of USD 394 million

28 Jul 2023 09:00 AM IST

Adani New Industries Limited (ANIL) recently raised a trade finance facility of USD 394 million (INR 3,231 crore) from Barclays PLC and Deutsche Bank AG for the purpose of addressing the working capital requirements of its integrated solar module manufacturing facility. ANIL, a fully owned subsidiary of Adani Enterprises Ltd.,

Indian stock indices rise after US Fed hikes policy rate by 25 bps

27 Jul 2023 10:47 AM IST

Following the US Federal Reserve’s quarter-point increase in interest rates on Wednesday, the Indian stock market saw gains of 0.29 percent in the Nifty and 0.23 percent in the Sensex on Thursday. The indices rose by 0.26 percent as the Indian stock market opened on Thursday. Positive trading occurred on

Indian stock indices rise again after trading steady two sessions

26 Jul 2023 10:54 AM IST

On Wednesday morning, trading in Indian stock indices increased. The absence of new bets at higher levels was a major factor in their relative stability over the previous two sessions. Some investors appeared to be taking profits after recently accruing gains. Many analysts have noted that a rally from the

Adani TotalEnergies E-Mobility Limited partners with Evera Cabs for developing charging hubs

25 Jul 2023 21:31 PM IST

EDITOR’S SYNOPSIS A large-sized super hub will be set up in Samalkha, New Delhi, with 200 EV charging points The partnership will function on a revenue sharing model Ahmedabad, 22 August 2023: Adani TotalEnergies E-Mobility Limited (ATEL) will set up a robust EV charging infrastructure with Prakriti E-Mobility (Evera), an

From Strength to Strength: Adani’s strategic initiatives enhance credit profile

25 Jul 2023 21:24 PM IST

INR 2.36 lakh crore worth equity deployed till date – 55.77% of total gross assets Editor’s synopsis For the first time, the equity deployed increases to more than half the total assets — at 55.77%; equity for FY23 was INR 2.36 lakh crore against net debt of INR 1.87 lakh

Adani Total Gas Ltd wins award for “Outstanding Commitment in Road Safety by Corporates”

25 Jul 2023 18:31 PM IST

Ahmedabad, 25 July 2023: Adani Total Gas Ltd (ATGL), India’s leading City Gas Distribution company was felicitated for its initiative of Automation in Road Safety and Driver Monitoring’ at a conference organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi recently. At the conference