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SECTOR | 24 Jun 2024, 06:40AM

Stocks in news: Adani Ports, Cipla, Prestige Estates, MCX, Lupin

Economic Times

Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.

Infrastructure

SECTOR | 23 Jun 2024

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers

Business Standard

India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives. Adani, 61, drew salary from only two out of the 10 companies in his ports-to-energy conglomerate, annual reports of the 10 listed entities of the group showed. His remuneration for 2023-24 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.19 crore salary and perquisites, allowances and other benefits worth Rs 27 lakh. The total remuneration of Rs 2.46 crore was 3 per cent more than the previous financial year, according to AEL's 2023-24 annual report. Besides, he drew Rs 6.8 crore from Adani Ports and SEZ Ltd (APSEZ). Adani's salary is lower than heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani has been foregoing his entire salary since Covid-19 broke out prior to which he had capped his remuneration at Rs 15 .

Infrastructure

SECTOR | 21 Jun 2024

Congestions at global transhipment ports force shipping lines to pause cargo bookings

Business Line

A communiqu issued by MSC Agency (India) Pvt Ltd here says that they have temporarily stopped bookings for US Ports due to prevailing congestion and vessel omission

Infrastructure

SECTOR | 19 Jun 2024

9 Indian ports among top 100 in Container Port Performance Index 2023

Business Standard

As many as nine ports of India have made it to the global top 100 rankings in the latest edition of Container Port Performance Index, an official statement said on Wednesday. The Container Port Performance Index (CPPI), developed by World Bank and S&P Global Market Intelligence, measures the resilience, efficiency and overall performance of the Ports. While Visakhapatnam Port made it to the top 20 ports of the World at 19 in 2023, Mundra Port also climbed up the index at 27 in the current ranking. According to the statement, Visakhapatnam Port has showcased strong performance with 27.5 moves per crane hour, a turnaround time (TRT) of 21.4 hours, and minimal berth idle time. These metrics highlight the port's efficiency in handling container ships and significantly influence customer preference. Seven other Indian ports, which secured ranks in the top 100, are Pipavav (ranked 41 in the list), Kamarajar (47), Cochin (63), Hazira (68), Krishnapatnam (71), Chennai (80) and Jawaharlal .

Adani Ports Among Top 100 Performers In World Bank's Container Port Index 2023

NDTV Profit | 19 Jun 2024 4 more

Infrastructure

SECTOR | 18 Jun 2024

Adani Ports, Zydus Life, Paytm, Zomato among 11 stocks to track on June 18

Business Standard

On the previous day, US markets settled higher, with Nasdaq and S&P 500 reaching record highs

Infrastructure

SECTOR | 14 Jun 2024

Gautam Adani Meets Tanzanian President Samia Suluhu To Discuss Long-Term Partnership

NDTV Profit

On May 31, Adani International Ports Holdings signed a 30-year concession agreement with the Tanzania Ports Authority.

Adani Ports ESG Rating Gets Upgrade, Gains Recognition For Climate Initiatives

NDTV Profit | 14 Jun 2024 1 more

Infrastructure

SECTOR | 11 Jun 2024

Market update: Indices close flat; ONGC, Tata Motors, Adani Ports gain

Business Line

Kotak Mahindra Bank, Divi's Laboratories, ITC, Reliance Industries, and Dr Reddy's Laboratories were the major laggards

Infrastructure

SECTOR | 11 Jun 2024

Sarbananda Sonowal takes charge as Minister of Ports, Shipping and Waterways

Business Line

Sonowal aims to address maritime issues, promote Vikshit Bharat'

Infrastructure

SECTOR | 10 Jun 2024

Adani Ports' New Deal Could Lead To Faster Volume, Earnings Growth: Morgan Stanley

NDTV Profit

The ports operator won a contract for operation and maintenance of a container terminal at Kolkata Port.

Infrastructure

SECTOR | 07 Jun 2024

Adani Ports wins 5-year O&M contract for Kolkata Port's container terminal

Business Line

The container facility at Netaji Subhas Dock is among the largest on the eastern coast, and serves West Bengal, Bihar, Uttar Pradesh, Jharkhand, Assam, the North-East, and neighbouring Nepal and Bhutan

Adani Ports Bags Five-Year Operation And Maintenance Contract At Kolkata Port

NDTV Profit | 07 Jun 2024