The company is currently completing all required procedures and obtaining all necessary regulatory approvals to implement the signed transaction, Reuters reported.

India plans to set carbon emission reduction targets for four sectors heavily reliant on fossil fuels. The targets will be aligned with the country's greenhouse emissions reduction goals and will apply to companies in the petrochemicals, iron and steel, cement, and pulp and paper sectors. These companies are also expected to be the first to trade carbon credits on India's carbon trading market from April 2025.

This has made Adani the largest solar power producer in India as well as one of the lowest cost renewable power producers in the world. Average portfolio tariff is as low as Rs 3.02 per unit as against average procurement price of the country of Rs 3.75 per unit.

Spitze Trade & Investment held a 2.19% stake in the company before the stake buy, and now has 4.29%. Together, the promoter stake now stands at 55.54%, as against 53.44% earlier. Shares of Adani Green ended 0.57% lower at Rs 1,017.35 on the BSE Friday. They are up nearly 10% this month, but down more than 47% so far in 2023.

TotalEnergies will make a $300 million equity investment into the venture while Adani Green will bring the assets to the table. The portfolio will comprise a mix of 300 MW of operational, 500 MW of under construction and 250 MW of planned assets with a blend of both solar and wind power.

Both the companies will hold an equal stake of 50 percent in the new JV, which will "house 1,050 MWac portfolio".

Adani Green Energy has announced that it has received approval to form a 50:50 joint venture with TotalEnergies, with TotalEnergies set to invest $300 million. The joint venture will house a portfolio of 1,050 MWac, consisting of operational, under construction, and under development solar and wind assets. The transaction details are still being discussed and subject to approvals.

French energy major TotalEnergies is reportedly close to investing $300 million in a 50:50 joint venture with Adani Green Energy. The joint venture will house around 1 GW of renewable energy projects, including solar and wind power assets. TotalEnergies will contribute the equity investment, while Adani Green will provide the renewable energy assets.

The deal would increase Totals presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects. It would also see Total deepen its ties with Adani Green, which its already the second largest shareholder of with a 19.75% stake, according to data compiled by Bloomberg.

In other development, Bloomberg reported that Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd.

In this article, we explore the significance of RSI and delve into 10 stocks that have recently exhibited an uptrend in their RSI values. Learn how RSI can guide your investment decisions and why these 10 stocks are worth considering.

Shares of Adani Power, Adani Energy Solutions and Adani Green led the downside by dropping 3% each. The conglomerate's cash cow Adani Ports fell 1.7% while the flagship entity Adani Enterprises fell over 2%.

​So, Adani Energy Solutions with its rapid growth in seeking assets for transmission and Adani Enterprises with its 50 billion dollar investment that they plan to have over the next few years to set up a 10 million tonne green hydrogen end-to-end supply chain augurs very well for this thing.

At the end of the June quarter, the promoters held a 67.65% stake in Adani Enterprises, with the remaining shares owned by public shareholders, including the US-based investor firm GQG Partners, which holds 2.67%.

Between August 7 and 18, Kempas Trade and Investment bought 2.53 crore shares or 2.22% in Adani Enterprises, increasing the overall stake of promoters in the company to 69.87%. Promoters held 67.65% in Adani Enterprises at the end of June quarter

"The company is not engaged in talks with TAQA for their investment in the company," Adani Energy Solutions said in an exchange notification on Friday.

TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second-largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, people familiar with the matter told ET.

Adani Green Energy Limited holds 26 percent shares of MSEL through its wholly-owned subsidiary Adani Renewable Energy Holding Four Limited (AREH4L).

In a regulatory filing, AGEL said it holds 26% shares of MSEL through its wholly-owned subsidiary Adani Renewable Energy Holding Four Limited. This manufacturing facility has been set-up as a part of manufacturing linked tender awarded to AREH4L, which is setting up 8 GW of solar power generation projects.

According to an ET Now report, about 8.1% equity of Adani Power changed hands in block trade, where promoter is the likely seller

Adani Enterprises fell 5.4%, while Adani Green Energy and Adani Transmission declined over 4% each. Adani Power, Adani Wilmar, and Ambuja Cement also fell nearly 3%.

Deloitte Haskins & Sells LLP has communicated to Adani Ports & Special Economic Zone Ltd. its resignation plans and a formal announcement is expected in coming days, one of the people said, asking not to be identified discussing a sensitive matter.

The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999. The company raised Rs 3,600 crore by way of an initial public offering in February 2022, bringing the stake of the two JV partners down to 43.97% each.

Infinite Trade and Investment, a promoter entity of Adani Green Energy, sold 4.48 crore shares, or 2.8%, at ₹920.43 apiece for ₹4,131 crore.

According to bulk deals data available with the exchanges, Infinite trade has offloaded 4.2 crore shares in the company at a weighted average price of Rs 920 apiece. Adani Green is a majority promoter-owned company with 56.2% stake, while public shareholders own the rest of 43.7%. Among the public shareholders, mutual funds have a negligible 0.11%, while foreign investors own a big chunk of 16.14%

Over 1.1 million shares of the Adani Group-owned renewable power producer changed hands in fourteen block deals as of 2 p.m. IST, as per data from Refinitiv, in a price range of 882 to 954 rupees per share

In this informative article, we delve into the world of stock market indicators, focusing on the Relative Strength Index (RSI). We discuss the significance of RSI in assessing stock movement and identify ten stocks that have recently witnessed a decline in their RSI. As an essential tool for potential investors, we analyze the RSI data of these stocks to provide valuable insights for decision-making.

As per reports, 2.7% equity changed hands in a block deal in Adani Green Energy. The buyers and sellers in the deal are not known.

4.7 crore shares of Adani Green that is 3 percent equity, worth Rs 4,352 crore change hands in a block deal, reported CNBC-TV18 on August 7.

As per Trendlyne data, the average target price of the stock is Rs 402 which shows a downside of 62% from the current market prices. The consensus recommendation from one analyst for the stock is a Sell.

In this article, we explore the concept of RSI, its significance in analyzing stock trends, and delve into the top 10 stocks, carefully selected by ETMarkets, that are currently trading in the overbought zone with bearish RSI trends, based on data sourced from StockEdge on July 28, Friday

Revenue from operations jumped 55% to Rs 2,059 crore for the April-June period, compared with Rs 1,328 crore in the corresponding period of last year.

"Overall, we expect sectoral rotation in the market, while the Index is likely to remain in the consolidation zone with the ongoing result season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

"Overall, we expect sectoral rotation in the market, while the Index is likely to remain in the consolidation zone with the ongoing result season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

The article discusses the performance of stocks that crossed their last week's high on July 25, 2023, highlighting the resilience of companies like Adani Green Energy, Ambuja Cements, and others in the dynamic market.

Adani stocks: Adani Total Gas Ltd rose 5 per cent to hit its upper price band of Rs 662.45. Other stocks of the energy-to-ports business conglomerate also surged today. Adani Power Ltd soared 9.91 per cent to hit a day high of Rs 261.65.

​​Adani Green jumped 10%, emerging as the biggest gainer among the group companies. Adani Power gained 9.2%, while ACC, Adani Total Gas, Ambuja Cements, Adani Wilmar and NDTV rose 4-5% each.

Mutual funds increased their stakes in seven out of 10 listed Adani Group companies in the quarter ended June, and retail investors in five, while FPIs reduced their ownership in six companies.

Sri Lankan President Ranil Wickremesinghe arrives in New Delhi on Thursday on a two-day visit hoping to strengthen economic ties between the South Asian countries. Strategically important energy, power and port projects will be discussed during his meeting with Indian Prime Minister Narendra Modi on Friday, officials from both countries said.

Foreign institutional investors (FIIs) are increasing their stakes in Adani Enterprises, the flagship company of the Adani Group, for the second consecutive quarter. FIIs now hold a cumulative stake of 19.34% in the company, up from 17.75% in the previous quarter. The increase follows further investments made by GQG Partners in the last quarter

"We are now building the largest hydro renewable park in Khaora. It will be the most complex and ambitious project that we have ever executed. Spread over more than 72,000 acres, this project will be capable of generating 20 gigawatt of green energy," Adani said.

Indian domestic equities have gained for the third week, but investors are warned of the possible bouts of profit booking to occur this week after such a strong market run. Major index heavyweights releasing their June quarter earnings could trigger caution among investors, alongside the monsoon session of the parliament

The Relative Strength Index (RSI) is a widely used momentum oscillator to determine overbought or oversold conditions for a stock. A score above 70 indicates overbought conditions while a reading below 30 suggests oversold conditions.

Adani Green Energy said the operational capacity jumped 43 per cent to 8,316 MW YoY, with the addition of 1,750 MW solar–wind Hybrid, 212 MW solar and 554 MW wind power plants, the Gautam Adani-led company said.

The source declined to provide details of the names of investors Adani is in talks with, but said the response so far had been positive as potential investors believe the current valuation is attractive.The fundraising is critical for the Indian group, run by billionaire businessman Gautam Adani, who was earlier this year jolted by short-seller Hindenburg Research's report alleging improper use of tax havens and concerns over its debt levels

Meanwhile, domestic fund houses have added 3 lakh shares in Adani Transmission and further 19 lakh shares in the group's flagship entity Adani Enterprises. According to a report by ICICI Direct Research, mutual funds have also fancied Coal India and JSW Steel in the large cap space.

The ports-to-cooking oil conglomerate has lately been raising both equity and debt capital as the promoters look to develop a 'liquidity cushion' to help with expansion and loan servicing.

US-based short-seller Hindenburg in January this year levelled multiple allegations against the head of the Indian conglomerate, accusing it of accounting fraud, stock manipulation and other corporate governance lapses. The Adani Group denies these allegations.

Relative Strength Index (RSI) is a widely used technical indicator that measures the speed and magnitude of price movement in a stock. ETMarkets reported the top 10 stocks trending up with a rising RSI. A higher RSI suggests that a stock is overbought, while a lower RSI implies oversold conditions. Stocks with consistently high RSI

The Securities and Exchange Board of India (Sebi) has filed an application in the Supreme Court detailing its response to various suggestions made by the apex court-appointed expert committee in the wake of the Hindenburg report against the Adani Group on potential breaches of securities laws.

Adani Enterprises Ltd, the group's flagship firm, plans to raise Rs 12,500 crore through share sale to investors while electricity transmission company Adani Transmission another Rs 8,500 crore. Its renewable energy firm plans to raise Rs 12,300 crore

Titan registered a 20% year-on-year (YoY) revenue growth for the June quarter, with all the key consumer businesses witnessing double-digit growth in the quarter.

The funds will be used to expand green energy operations. QIPs allows listed companies to raise capital without depending on foreign capital resources.

The company board approved raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 12,300 crores by way of qualified institutional placement.

The fundraising plans for Adani Green come after two other group companies, namely, Adani Enterprises and Adani Transmission announced plans to raise a cumulative total of Rs 21,000

Adani Green Energy Ltd.s board will discuss plans to raise funds from institutional investors on Thursday and will then seek approval from shareholders, the people said, asking not to be identified as the talks are private.

Adani Enterprises shares rose 7.7 per cent to Rs 1,470. The scrip had rallied 14.22 per cent in the previous session, snapping a seven-day losing run.

Shares of most Adani Group companies have rebounded in the June quarter after a tumultuous March quarter. Adani Enterprises saw a net gain of over 36% in the quarter, while Adani Power gained more than 30%. The recovery was driven by the group's efforts to reduce debt, decrease pledged shares, and positive initial findings by a Supreme Court-appointed panel. However, concerns remain as SEBI continues to investigate the matter and US authorities are reportedly looking into investments in Adani stocks. GQG Partners expressed confidence in the group and made significant investments.

GQG Partners, a US-based investment firm, has increased its shareholding in two Adani group companies, Adani Enterprises Ltd and Adani Green Energy Ltd, to over 5%. This move demonstrates GQG's confidence in the group despite recent allegations of accounting fraud and stock manipulation made by a US short seller. GQG purchased additional stakes worth $1 billion, boosting its holdings in Adani Enterprises Ltd to 5.4% and in Adani Green Energy Ltd to 6.54%. The Adani family's stake in Adani Enterprises has reduced to 67.65% as a result of their sale of shares to GQG.

On Wednesday, GQG invested in Adani Enterprises and Adani Green Energy after promoter entities sold stakes in the two companies via bulk deals to raise ₹8,372 crore. The US-based fund increased its stake from 3.39% to 4.96% in Adani Enterprises, and from 3.5% to 6.32% in Adani Green, sources told ET.

The Adani Group has sold shares in Adani Enterprises and Adani Green Energy through an open market transaction, raising ₹8,372 crore ($1 billion). GQG Partners acquired shares worth ₹1,100 crore in Adani Green Energy. The sale resulted in an increase in GQG's holdings in Adani Enterprises and Adani Green. The Adani family is believed to have used the proceeds to repay outstanding loans. The group has lost significant market value since January, following allegations of fraud and price manipulation by Hindenburg Research.

Gautam S Adani and Rajesh S Adani, on behalf of SB Adani Family Trust, held 59.13 crore shares or 51.87 percent stake in the company as of March 2023

In a Rs 4,140 crore bulk deal, SB Adani Family Trust sold 1.8 crore shares of Adani Enterprises at Rs 2,300, NSE data showed.

Adani Enterprises shares rose more than 3% in early trade on the NSE due to block deals. Meanwhile, shares of Adani Green Energy fell over 6%. Adani Enterprises' stock volume stood at over 1.91 crores. The stock has recovered 132% from its 52-week low. The company was the most active stock on the Nifty50 index. The founder of Adani Group blamed vested interests for the negative consequences of the Hindenburg report. Shares of other Adani Group companies were also trading positively.

The Nifty IT index was trading 0.11 per cent up at 28830.55.

The chairman of the Adani Group assured shareholders of the highest corporate governance standards. "The short-selling incident resulted in several adverse consequences that we had to confront," said Adani, 61. "Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short-seller... These entities engaged and encouraged false narratives across various news and social media platforms."

Discover potential investment opportunities as we delve into five Nifty 500 companies that are currently trading at a discount of 50% or more from their 52-week highs. Explore the performance and key information about Adani Wilmar Ltd., Adani Green Energy Ltd., Campus Activewear Ltd., Piramal Enterprises Ltd., and Tata Teleservices (Maharashtra) Ltd. This article aims to provide valuable insights for potential investors, highlighting the potential growth prospects of these discounted stocks

Stocks of Adani Group are trading significantly lower than their 52-week highs, presenting potential investment opportunities for those interested in diverse sectors such as resources, renewable energy, power, natural gas, transmission, and FMCG. With a diversified portfolio, Adani Enterprises offers growth opportunities in various industries while Adani Green Energy aims to contribute to India's clean energy goals. Adani Power holds potential for growth in the evolving energy landscape and Adani Total Gas is well-positioned for growth as the demand for natural gas increases. Adani Transmission's strategic positioning in the power sector presents investment prospects, and Adani Wilmar holds potential for growth in the FMCG sector.