At 1131 hours, the stock was trading 6 percent higher at Rs 124.70 on the BSE. The stock opened at Rs 118.80, hit a intra-day high and low of 126.10 and 118.80, respectively.

Adani wanted the Queensland government to delay the start of royalty obligations on the coal mine it hopes to build in Queensland's Galilee Basin, media reports said.

Promoter ousted as lenders seek a management change.

Adani Enterprises, the flagship firm of Adani Group, today reported a 62 per cent in consolidated net profit to Rs 340 crore for the quarter ended December 31, 2016 on improved income.

Finance Minister Arun Jaitley on Wednesday presented Union Budget 2017-18 in Lok Sabha. 

A green group has asked the Supreme Court of Queensland to review the environmental approval granted to Indian conglomerate Adani Enterprise Ltd to build one of the world's biggest coal mines in the Australian state.

Aditya Birla Group firm UltraTech announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector.

Weak capital investment has been a hurdle in India's growth and with factories running 30 per cent below capacity, private companies are in no rush to invest in new projects.

Power minister Piyush Goyal elaborated on India's ambitious plans for deployment of 175 GW Renewable Power capacities by 2022, including 100 GW of Solar and 60 GW of Wind, which may require investment of around $150 billion in the next seven years.

The invitation was extended by Minister of State for Power Piyush Goyal at the India-US Ministerial Energy Dialogue co-chaired by him and the US Energy Secretary Ernest Moniz in Washington on Monday.

The withdrawal of LG leaves just Korean group Posco as the only other external buyer, with a prospective 5 million tonne demand. More than half the production is earmarked for the Indian upstream company Adani Power.

The project by Adani to build one of world's largest coal mines and expanding a port on the Great Barrier Reef has been opposed by green groups and residents.

Barring the electricity sector, which grew 6 per cent, all other sectors remained subdued. The manufacturing sector and mining sector were the main spoilers, growing only 2.2 per cent and 2.8 per cent respectively.

Though the robust GDP growth presented a rosy picture for Indian economy, there was a disconnect with some of the micro-level indicators.

Issuing a statement, the Wangan and Jagalingou (W&J) people, indigenous landowners, said they have vowed to stop the Carmichael mine project and that if it goes ahead their vast traditional lands and ancient connection to the country would \"disappear\" forever.

Here's a list of 25 key achievements of Prime Minister Narendra Modi's government in the past one year, as listed by stakeholders and analysts:

Even as the stock market enters a bull run, retail investors are unlikely to gain much by investing in commodity funds.

For years, the politico-business nexus has been creating the impression that there are no takers for India's vast natural resources. Hopefully, this phase is over.

Finance Minister Arun Jaitley on Saturday presented his maiden full-year Budget for the 2015-16 financial year in the Lok Sabha. Read the full text of his speech here:

The growth in factory output, as measured by the IIP, in the month under review was, however, higher as compared to December, 2013 when it expanded by 0.1 per cent.