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Adani Group’s consolidated portfolio revenue stands at Rs 2.92 lakh crore in FY26: Chairman

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Ahmedabad, June 24: Gautam Adani, the Adani Group Chairman, on Wednesday said that FY2025-26 was another year of disciplined growth and strong execution for the Group, and its consolidated portfolio revenue stood at Rs 2.92 lakh crore, thereby reflecting a year-on-year growth of 7.4 per cent.

Addressing shareholders at the Adani Group’s 34th Annual General Meeting (AGM) 2026, Gautam Adani said they are now one of the very few global companies that are not reacting to the future but are prepared for it.

“At Adani Energy Solutions, our transmission order book rose to Rs 72,000 crore. We secured several major projects, including the Khavda South Olpad HVDC line, reinforcing our position as India’s only private sector player with proven HVDC capability,” the billionaire industrialist told the gathering.

“At Adani Power, we are implementing India’s largest ever private sector power capex programme of over Rs 2 lakh crore, with a target of reaching 45 GW of capacity over the next five years. We are also honoured to be partnering with the Government of Bhutan’s Druk Green Power Corporation. As part of this partnership, the Adani Group and the DGPC will jointly develop 5,000 megawatts of hydropower projects in Bhutan,” the Adani Group Chairman explained.

The Group’s entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India’s long-term energy future.

“With land identified and a 10 GW targeted capacity by 2035, we are positioning ourselves early to serve the growing national demand for clean, round-the-clock power,” Gautam Adani noted.

“At Adani Total Gas, we accelerated and crossed the significant milestone of over 1.1 million Piped Natural Gas home connections. Given the current geopolitical situation, we are further ramping up our PNG projects to meet India’s rising demand for more accessible gas. Coming to connectivity and logistics, Adani Ports handled over 500 million tonnes of cargo in FY 2025-26, setting an unmatched benchmark for the nation and creating a clear pathway to one billion tonnes by 2030,” Gautam Adani highlighted.

The integrated network of ports, SEZs, logistics assets and expanding maritime services “places us in a unique position to keep gaining market share while lowering the cost and complexity of India’s trade”, the Adani Group Chairman noted.

“I am proud to specifically say that Vizhinjam, one of the most strategic ports on the global maritime route, delivered a record first year by crossing one million TEUs. This is the fastest pace ever achieved by any Indian port and a strong signal of India’s arrival on the global transshipment map,” said Gautam Adani during his speech.

In airports, the Group achieved two defining milestones with the opening of Navi Mumbai International Airport and the new integrated terminal building at Guwahati Airport, both inaugurated by Prime Minister Narendra Modi.

“Earlier this year, both these airports made it to the list of the World’s Seven Most Beautiful Airports. The commencement of operations at Navi Mumbai in December 2025 also marked a proud moment in India’s aviation landscape, with a 90-million-passenger-capacity-airport built in a world-record time of just over four years,” said Gautam Adani.

In digital and industrial infrastructure, the Group’s Data Centre business is firmly on the path to building a 3 GW platform by 2030.

“The binding MoU for a gigawatt-scale data centre with Google in Visakhapatnam reflects both the scale of the digital demand ahead, and the confidence that global technology leaders such as Google, Microsoft, Uber and Flipkart are placing on us,” the Adani Group Chairman noted.

“At Adani Cement, we contributed to iconic national projects ranging from the Chenab Railway Bridge to Navi Mumbai International Airport and the Umiya Dham foundation in Ahmedabad. Over the past year, our cement platform expanded significantly, with total capacity increasing to 110 MMTPA,” Gautam Adani added.

The Adani Group Chairman further added that in defence and aerospace, “our ambition became even bolder”.

“Our partnerships with Leonardo and Embraer are helping lay the foundation for integrated helicopter and regional aircraft manufacturing ecosystems in India. We are building a national aerospace platform that spans manufacturing, MRO, services and pilot training,” Gautam Adani said.

Business

Crude oil, inflation data among top factors to drive stock market next week

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New Delhi, Oct 11: Crude oil prices above $100 a barrel, key inflation data in India and the US, movements in the rupee, global bond yields and a pickup in corporate earnings are likely to determine the trajectory of Indian equities in the coming week, as investors assess whether the recent rebound can sustain after eight consecutive weeks of losses.

Domestic benchmark indices staged a sharp recovery on Friday, with buying across information technology (IT), fast-moving consumer goods (FMCG), automobile and financial stocks lifting market sentiment. The Nifty rose 288.65 points, or 1.30 per cent, to close at 22,520.45, while the Sensex advanced 879.09 points, or 1.23 per cent, to settle at 72,472.33.

The gains helped both benchmark indices break their eight-week losing streak. However, persistent foreign investor outflows, elevated crude oil prices, a weakening rupee and concerns over tighter monetary policy continue to pose challenges for the market.

With important macroeconomic indicators due in India and the US, alongside a busy corporate earnings calendar, investors will closely track developments across domestic and global markets to gauge the sustainability of the recovery.

One of the biggest factors likely to influence Dalal Street will be crude oil prices. Brent crude is trading above the $100-per-barrel mark, while West Texas Intermediate (WTI) remains above $90. Uncertainty surrounding Iran, the Strait of Hormuz and regional energy infrastructure has heightened concerns over possible supply disruptions.

Inflation data and movements in US bond yields will also be closely watched. In the US, the September Consumer Price Index (CPI) report, scheduled for release on Wednesday, will provide fresh insight into price pressures and help investors assess the Federal Reserve’s next policy move. US retail sales data will also be in focus, as stronger-than-expected readings could keep Treasury yields and the dollar elevated, potentially weighing on emerging-market equities.

In India, September CPI and wholesale price index (WPI) inflation figures will offer important clues about domestic price trends and their implications for monetary policy. Any indication of persistent inflation could influence expectations around interest rates and investor sentiment, while movements in the rupee will remain an important indicator of pressure from elevated oil prices and foreign capital outflows.

Corporate earnings will be another key driver as the results season gathers pace. Investors will assess companies’ revenue growth, profit margins, management commentary and demand outlook to determine whether earnings can support market valuations amid a challenging economic environment. Results from Indian companies, alongside major corporate announcements in the US, could influence sector-specific movements and broader market direction.

Global monetary policy expectations and bond-market movements will remain important throughout the week.

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Indian startups making key advances in low-cost rockets in threat to SpaceX: Sridhar Vembu

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New Delhi, Oct 10: Zoho’s Chief Scientist and Co‑founder Sridhar Vembu on Saturday said that Indian startups are making major advances in low-cost rockets in threat to SpaceX.

“Directly due to Prime Minister Narendra Modi’s government policy, Indian startups are making major advances in low-cost rockets and that poses a threat to SpaceX in the same way the Chinese EVs threaten Tesla,” Vembu posted on X responding to a post by Starlink Founder Elon Musk.

Further, the tech leader also said medicine prices in India are among the lowest globally and pointed to the Unified Payments Interface (UPI) as an example of low‑cost payment infrastructure.

“India has among the lowest drug prices in the world (and is still going lower). People who visit India buy medicines to take home quite regularly now,” the X post said.

“Prime Minister Narendra Modi has worked hard to create a competitive economy where the benefits flow to the average Indian,” Vembu wrote, adding that the Indian government does not tolerate monopolies.

“He has also actively promoted and encouraged a massive surge in startups, and that is the best signal of a highly competitive economy,” the post said.

Vembu supported India’s economic and digital policies, hailing the country’s low data costs and competitive markets.

He said Indians routinely use dual‑SIM phones with large data plans because they are affordable.

“India has among the lowest data prices in the world. It is so good that I don’t even bother to connect to local Wi-Fi when I travel in India and just tether my phone to work on my computer,” he said.

In a separate post on Friday, Vembu said Indians have made major contributions to US technology prowess but warned that many on US visas face the prospect of uprooting lives built through hard work.

“A big part of America no longer wants us,” the Zoho Co-founder said.

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Govt disconnects over 82 lakh fraudulent mobile connections via ASTR

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New Delhi, Oct 9: India has disconnected over 82 lakh fraudulent mobile connections through the Artificial Intelligence and Facial Recognition powered Telecom SIM Subscriber Verification (ASTR) tool, Union Minister of State for Communications and Rural Development Dr Chandra Sekhar Pemmasani said on Friday.

Addressing the International Telecommunication Union (ITU) Roundtable on “Implementing ITU Standards to Combat Fraudulent Communications” on the sidelines of the India Mobile Congress (IMC) 2026 here, the minister said the country has built a robust and layered defence mechanism against telecom-related fraud and cybercrime.

He noted that organised fraud networks are becoming increasingly sophisticated, with scams involving impersonation, so-called digital arrests, AI-generated voice cloning and deepfakes posing significant challenges. According to the minister, Indians lost more than Rs 22,800 crore to such fraud in 2024.

Dr Pemmasani said India has adopted a five-layered approach to tackle fraudulent communications. This includes real-time blocking of spoofed international calls, identification and disconnection of suspicious mobile connections through the ASTR platform, citizen participation via the Sanchar Saathi initiative, intelligence sharing through the Digital Intelligence Platform (DIP), and targeted action against emerging fraud channels.

Highlighting the impact of these initiatives, he said the Sanchar Saathi app has been downloaded around 25 million times, enabling citizens to actively participate in reporting suspected fraud and misuse of telecom resources.

The minister added that the Digital Intelligence Platform currently connects more than 1,600 organisations, including telecom service providers, banks and law-enforcement agencies, facilitating real-time information sharing to detect and prevent fraudulent activities.

He further said that the Financial Fraud Risk Indicator has helped avert suspected financial losses exceeding Rs 5,000 crore over the past 15 months by enabling timely intervention against fraudulent transactions.

Emphasising the need for international collaboration, Dr Pemmasani said fraud has become a global problem that requires coordinated global solutions.

He underscored the importance of adopting international standards for digital verification of caller identities across networks to curb cross-border fraud.

Welcoming the ITU’s proposal for joint trials among governments, regulators, telecom operators and technology companies, he said India is ready to participate and contribute to the development of global frameworks for trusted communications.

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