IBCN 2025: Celebrating the Chettiar legacy
Also Read - Adani Group to invest $100 billion over next five years: Gautam Adani Organized by the Nagarathar International Foundation, the 2025 edition is themed 'Enhancing Nagarathar Businesses Through Technology' and aims to honor the storied legacy of the Chettiars, known for their entrepreneurial acumen and philanthropy, while igniting the spirit of innovation in a new generation of community leaders
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
13 hours ago
- Business Standard
Smallcap stock hits 12-year high, surges 44% in 7 days. Do you own?
Jaiprakash Power Ventures share price Shares of Jaiprakash Power Ventures (JP Power) hit a multi-year high of ₹26.81, as they surged 13 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market. In comparison, the BSE Sensex was down 0.54 per cent at 82,057 at 01:14 PM. The stock price of the smallcap power generation company was trading at its highest level since May 2013. In the past seven trading days, the stock appreciated by 44 per cent from a level of ₹18.67 on July 3, 2025. It has more-than-doubled or zoomed 113 per cent from its 52-week low of ₹12.6 touched on May 7, 2025. The average trading volumes at the counter jumped over 2-fold. A combined 681 million shares representing 10 per cent of total equity of JP Power changed hands on the NSE (604 million) and BSE (77 million). Shareholding pattern of JP Power Jaiprakash Associates (JAL) is promoter of JP Power and held 24 per cent stake in the company as on March 31, 2025. The remaining 76 per cent stake was held by the resident individual shareholders (38.85 per cent), banks including ICICI Bank, Uco Bank and Canara Bank holding up to 15.71 per cent stake collectively; followed by foreign portfolio investors (6.04 per cent), Naresh Chandra Talwar (5.02 per cent) and bodies corporate (5.08 per cent), shareholding pattern data shows. What's fuelling JP Power stock price? JP Power believes that the movement of price of the company's scrip is purely based on market driven forces. 'At present, there is no unpublished price sensitive information or any pending announcement or development that, in our opinion, may have a bearing on the price / volume behavior of the scrip. Should any such event or information arise, we will promptly disclose the same to the stock exchanges in accordance with the applicable regulatory requirements,' JP Power said on July 8, on clarification on volume movement of the company. The Adani group has become the frontrunner to buy the insolvent Jaiprakash Associates with an unconditional bid of at least ₹12,000 crore, Bloomberg reported. The Gautam Adani-led group is leading the race to acquire the infrastructure developer, with an immediate cash payout of ₹3,500 crore. The group's offer also includes retaining ₹890 crore within the company after its acquisition and potentially absorbing ₹2,600 crore from the disputed Yamuna Expressway Industrial Development Authority (YEIDA) land. CLICK HERE FOR FULL REPORT Meanwhile, India Ratings and Research (Ind-Ra) in January 2025, in its rationale said that the rating agency notes that JP Power's promoter JAL is under Corporate Insolvency Resolution Process (CRIP). The agency does not expect JAL's CRIP to have a material impact on JPVL's balance sheet; however, the outcome of the same shall remain a key monitorable for the agency. JP Power plans to incur capex of ₹1,500 crore over FY25-FY27 for the installation of flue-gas desulfurization (FGD) unit at Nigrie and Bina thermal power plants and ₹760 crore towards Bandha North coal mine over FY25-FY29. The capex is likely to be funded by internal accruals. The company's ability to execute both the capex projects with internal accruals shall remain a key monitorable, Ind-Ra said in January 2025 rating rationale. JP Power in its FY25 annual report said that the Indian power sector in FY2024-25 presents a multitude of opportunities driven by increasing energy demand, rapid technological advancements, and strong government support for clean energy transition. With the country's peak power demand reaching a record 250 GW, the need for capacity expansion creates significant investment opportunities, particularly in renewable energy.
India.com
2 days ago
- India.com
Gautam Adani's Big Move, this company of Adani Group allots 1.08 crore shares to..., raises Rs 12090000000 by...
Gautam Adani's Big Move, this company of Adani Group allots 1.08 crore shares to…, raises Rs 12090000000 by… Adani Green Shares: Adani Green Energy will be in focus on Monday as billionaire businessman Gautam Adani's company has allotted 1.09 crore equity shares to Ardour Investment Holding Ltd through the conversion of share warrants. With this move, the company has raised Rs 1,208.59 crore. The management company has shown green light to the major allotment on July 12. Shares, with a face value of Rs 10 each, were issued at a Rs 1,470.75 premium, consistent with the January 25, last year, warrant agreement. Ardour Investment Holding Ltd is a promoter group entity. Are Experts Bullish About Adani's Move? The majority of the experts expressed positivity about the development. They are bullish about Adani Green Shares. Brokerage Jefferies estimates that the stock may jump by more than 30 percent. What Is Adani Group's Announcement? Adani Green Energy Limited on Saturday allotted 1.08 crore equity shares to Ardor Investment Holding Limited through conversion of share warrants. The company stated that Ardor still possess 1,15,76,193 warrants, which are valid to be converted within 18 months, as prescribed by SEBI till July 24, 2025. New shares will be equivalent to existing shares in every way, offering the same dividend rights and voting privileges. How Were The Quarterly Results? Adani Green Energy reported strong financial results for the quarter ending March 31 2025. The company's net profit increased by 53 percent to Rs 230 crore, compared to Rs 150 crore in the same period in 2024. Revenue also witnessed a major growth, rising 20.8 percent year-on-year to Rs 3,053 crore. The company's EBITDA witnessed a 30 percent year-on-year increase, reaching Rs 2382 crore. Status Of Adani Green Shares Shares of Adani Green Energy Limited closed down by Rs 1.00 or 0.10 percent at Rs 994.60 on the BSE. World's leading full-service investment banking and capital markets firm, Jefferies, has maintained its buy rating on Adani Green Energy stock. It has set a target price of Rs 1,300 for the stock.
India.com
2 days ago
- India.com
Gautam Adani to compete with Anil Ambani, plans to enter this sector with Rs 600000000000, it is...
Gautam Adani to compete with Anil Ambani, plans to enter this sector with Rs 600000000000, it is… Mumbai: Business tycoon Gautam Adani, who recently secured the second position in Forbes' top 10 Indian billionaires list, revealed his future plans in the Artificial Intelligence industry. The Adani Group is mulling to build an AI-first multidisciplinary healthcare ecosystem in India. This system aims to be affordable, scalable, and incorporate international standards of care. What is Gautam Adani's Vision For AI-Driven Healthcare In India? While addressing a gathering at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery – Asia Pacific, he highlights the need for an entire system-wide redesign in order to fulfil the growing need of the future. He informed that three years ago in 2022, on his 60th birthday, his family pledged Rs 60,000 crore towards sectors such as healthcare, education and skill development. He said that low back pain is a major cause of disability in India, surpassing even diabetes and heart disease in prevalence. 'If we are to carry the full weight of our national ambition, we must first heal the spine of our people,' Adani said. What Is Adani Healthcare Temples? As announced earlier, Adani Healthcare Temples are 1,000 bedded integrated medical campuses which will be set in first in cities like – Ahmedabad and Mumbai. Adani said these temples would be globally competitive, affordable healthcare systems which will be powered by artificial intelligence. These systems will use adaptable infrastructure designed for rapid expansion during major crises. He added that these campuses will offer clinical care, research and academic training headed by Mayo Clinic's global expertise in design, medical infrastructure and innovation. Adani Urges Innovation In AI Spine Care, Rural Surgery, And Robotics The Adani Group chief urges healthcare innovators to pioneer breakthroughs in AI spine diagnostics, rural surgery, and robotic spinal care. 'We are investing in modular, scalable infrastructure of the kind that can expand rapidly in the face of pandemics or emergencies. We are championing the creation of large, world-class healthcare institutes that bring together innovation, patient care, and applied learning under one roof,' Adani stated. Gautam Adani To Compete With Anil Ambani In Healthcare Sector The Adani Group's investment in healthcare, totalling Rs 600 billion, aligns with a larger national initiative focused on healthcare, education, and skill development. Adani emphasized the importance of this investment, stating that a healthy population is crucial for national progress. On the other hand, Reliance Group is already leading the healthcare sector with Kokilaben Dhirubhai Ambani Hospital Mumbai. It is a multi speciality healthcare centre located in Mumbai. The main aim to design the hospital is to enhance the country's reputation as a healthcare hub. It focusses on excellence in clinical services, diagnostic facilities, and research. The KDAH has recently announced a major advancements in its cancer treatment capabilities. It has upgraded its radiation therapy, with the state-of-the-art Radixact.
