Business
Together, we sail towards a stronger, bolder India: Gautam Adani

Thiruvananthapuram, May 2: Gautam Adani, Chairman of the Adani Group, on Friday said he is grateful to Prime Minister Narendra Modi and Kerala Chief Minister Pinarayi Vijayan for their support towards building India’s first deep-sea automated port which is a future global transshipment hub, adding that together, “we sail towards a stronger, bolder India”.
This is a triumph of vision, resilience, and partnership, said Gautam Adani as PM Modi dedicated to the nation the Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,900 crore.
“Today, at Vizhinjam, history, destiny, and possibility came together as a 30-year-old dream of Kerala became India’s gateway to the world,” said the billionaire industrialist in a post on X.
“We are proud to have built India’s first deep-sea automated port. A future global transshipment hub. This is a triumph of vision, resilience, and partnership,” Gautam Adani added.
The Adani Group Chairman further stated that “together, we sail towards a stronger, bolder India.”
Vizhinjam Port, having strategic importance, has been identified as a key priority project that will contribute to strengthening India’s position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transhipment.
Its natural deep draft of nearly 20 metres and location near one of the world’s busiest sea trade routes further strengthen India’s position in global trade.
“A historic day. Grateful to the Central and State Governments, and the administration and people of Kerala, especially Thiruvananthapuram, for their support in making this port stand as a testament to India’s strategic and bold maritime ambitions,” said Karan Adani, Managing Director of Adani Ports and SEZ Ltd (APSEZ), in a post on X.
The port is expected to significantly lower logistics costs for Indian manufacturers by 30-40 per cent, enhancing the country’s export competitiveness.
With plans to increase capacity to 5 million TEUs by 2028 with the latest technology, the port is set to play a crucial role in India’s maritime infrastructure.
Working closely with the state government and the Central government, the Adani Group has already invested over Rs 4,500 crore in the Vizhinjam International Seaport project. The Adani Group is expected to invest another Rs 20,000 crore in the project’s upcoming phases, creating more than 5,000 jobs and boosting the local economy to unprecedented heights.
Business
Mumbai Airport Refutes IATA’s Claims On Cargo And Passenger Flight Slot Changes, Defends Operational Adjustments

Mumbai: Days after airlines trade body IATA expressed disappointment at Mumbai airport operator MIAL’s decision to stop cargo freighter flights and withdrawal of slots for passenger flights, the airport refuted the claim on Thursday.
“Mumbai International Airport Ltd (MIAL) is disappointed by the statement issued by the IATA on April 29 and strongly refutes its assertions,” MIAL said in a statement. “Contrary to the claims made by IATA, the recent adjustments to cargo operations and slot allocations at Chhatrapati Shivaji Maharaj International Airport (CSMIA) have followed a transparent, consultative and regulatordriven process,” it said.
These operational changes are part of a broader infrastructure upgrade initiative governed by the Airports Economic Regulatory Authority of India (AERA) as part of the Fourth Control Period review, MIAL said. In a strongly worded statement on Tuesday, IATA’s Head of Worldwide Airport Slots, John Middleton, called on MIAL to reverse the cuts immediately.
“MIAL continues to respect international best practices, including the guidelines issued by the Worldwide Airport Slot Board and remains committed to maintaining coordination,” the private operator said.
Business
Sensex, Nifty trade in green amid positive global cues

Mumbai, May 2: The Indian stock indices opened in the green on Friday following positive cues from the global markets.
At 9:22 am, Sensex was up 350 points or 0.44 per cent at 80,592 and Nifty was up 71 points or 0.29 per cent at 24,407.
Midcap and smallcap indices were trading flat compared to largecap. Nifty midcap 100 index was up 40 points or 0.08 per cent at 54,185. Nifty smallcap 100 index was down 12 points at 16,436.
Among the sectoral indices, auto, PSU bank, private bank, financial services, metal and realty were major gainers. Pharma, FMCG and media were major laggards.
According to analysts, on the technical front, Nifty 50 continues to consolidate in a narrow range, forming a neutral candlestick pattern. On the hourly chart, a flag and pole pattern are developing, suggesting a possible bullish breakout.”
“If Nifty sustains above 24,400, it can potentially head towards 24,500 and 24,700 levels. Immediate support levels are placed at 24,200, 24,100, and 24,000, offering dip-buying opportunities,” said Mandar Bhojane from Choice Broking.
In the Sensex pack, Adani Ports, Maruti Suzuki, IndusInd Bank, Axis Bank, ICICI Bank, M&M, Tata Motors, TCS, Infosys, HDFC Bank, NTPC and SBI were top gainers. Nestle, Titan, Bajaj Finserv, HUL, Power Grid and Bajaj Finance were the top losers.
The international markets were trading with gains. Tokyo, Hong Kong, Seoul, Jakarta and Bangkok were in the green.
The US market also closed with gains on Thursday. In the last session, the technology index Nasdaq surged more than 1.5 per cent.
Meanwhile, Brent crude was at $ 62.62 per barrel with a gain of about one per cent.
On the institutional front, FIIs continued their buying streak for the 11th consecutive session, albeit with a modest net buy figure of Rs 50 crore.
Meanwhile, DIIs showed stronger conviction, purchasing equities worth Rs 1,792 crore. The combined flow suggests a supportive undertone for the Indian equities.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said that overall trend for the Nifty remains bullish, as it continues to trade above all key moving averages.
Business
Adani Enterprises’ net profit surges 7.5x to Rs 3,845 crore in Q4, incubating businesses shine

Ahmedabad, May 1: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday announced robust financial results, with net profit surging 7.5 times to Rs 3,845 crore in Q4 FY25 compared to Rs 449 crore in the same period in FY24.
AEL recognised an exceptional gain of Rs 3,946 crore after Adani Wilmar Ltd’s 13.5 per cent stake sale in the January-March quarter (Q4).
For the entire fiscal (FY25), revenue increased by 2 per cent to Rs 1,00,365 crore and consolidated profit before tax (PBT) up by 16 per cent to Rs 6,533 crore.
EBITDA increased by 26 per cent to Rs 16,722 crore last fiscal, driven by continued strong operational performance from incubating businesses, the company said in a statement.
“At Adani Enterprises, we are building businesses that will define the way forward for India’s infrastructure and energy sector,” said Gautam Adani, Chairman of the Adani Group.
“Our robust performance in FY25 is a direct outcome of our strengths in scale, speed and sustainability. Impressive growth across our incubating businesses reflects the power of disciplined execution, future-focused investments and a commitment to operational excellence, innovation and sustainability,” said the billionaire industrialist.
In Q4 FY25, Adani New Industries Limited (ANIL) started further expansion of solar cell and module lines for an additional capacity of 6 GW with financial closure secured.
In solar manufacturing, module sales increased by 59 per cent (year-on-year) basis to 4,263 MW with higher EBITDA margins on account of improved realisation and operational efficiency.
In Q4 FY25, ANIL wind business completed capacity expansion to 2.25 GW with mix of 5.2 MW, 3.3 MW and 3.0 MW wind turbine generator (WTG) models, the company informed.
AdaniConnex also completed construction of Noida data centre and made operational with initial capacity of 10 MW. In mining services, Parsa coal block commenced operations and successfully made the first customer delivery.
AEL said it has not only delivered robust operational and financial performance but also has remained focused on the timely completion of large infrastructure projects, capacity extension and asset utilisation of its businesses.
“As we scale up in energy transition, airports, data centres and mining services, we are creating new market leaders that will drive India’s growth story for decades to come. Each success across our incubation spectrum accelerates our mission to create long-term value and catalyses India’s emergence as a global economic powerhouse,” said Gautam Adani.
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