|Bid||2,866.70 x 0|
|Ask||2,870.10 x 0|
|Day's Range||2,834.60 - 2,870.45|
|52 Week Range||116.25 - 2,870.45|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||556.40|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||136.00|
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(Bloomberg) -- Adani Enterprises Ltd. plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha, as Gautam Adani, Asia’s richest man, adds one more business to his rapidly-expanding empire. Most Read from BloombergDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsMedia Tallies Show Extremely Tight Presidency Race: Kenya UpdateMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialUS Inflation Runs Cooler Than Forecast, Easing Pre
India’s telecom industry is, somewhat unexpectedly, speeding toward 5G. The government sold only 71% of the total spectrum offered for sale. Reliance Jio Infocomm, which counts Google and Meta among its backers, spent the most aggressively, purchasing pricier 700 MHz to broaden coverage.
India had drawn bids totaling at least $19 billion entering the fourth day of an auction for 5G spectrum on Friday, as telecom giants clamoured for airwave rights needed for next generation networks in the world's second largest mobile market. Reliance Industries' Jio, rivals Bharti Airtel and Vodafone Idea, as well as billionaire Gautam Adani's Adani Enterprises Ltd were all among the bidders for 5G airwaves.