Adani Group

Adani Group CFO Jugeshinder Singh dismissed the allegations as 'baseless,' assuring stakeholders of no direct involvement by any Adani entity in unlawful acts

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month

Regulator probes possible breach of laws related to insider trading

The deadline was sought by the regulator to complete the probe of the allegations in the Hindenburg report.

Adani shortseller saga probe to test Sebi, SC check on the rich & powerful

As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'. While investors such as Abu Dhabi-based global strategic investment company, International Holding Company PJSC (IHC) invested USD 2.593 billion in group firms such as Adani Enterprise Ltd and Adani Green Energy Ltd (AGEL), promoters sold stake in Adani Total Gas Ltd and AGEL to raise USD 2.783 billion. "These funds were reinvested by promoter entities to support the growth of new business and in portfolio companies such as Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Transmission Ltd and Adani Power Ltd," the group said. The statement was issued rebutting reports in an international publication, which apparently was the basis of ...

As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II". Some of the other players who have submitted Expression of Interest (EoI) include Century Copper Corp, Greentech worldwide, Harsha Vardhan Reddy, J C Flowers Asset Reconstruction Pvt Ltd, Pinnacle Air Pvt Ltd, Universal Associates and WHSmith Travel Ltd amo

On Monday, Adani Group said that the transactions that have been inquired about in an FT report have been publicly disclosed

Other names in list of prospective resolution applicants include Jindal Power, WH Smith Travel Ltd

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

Adani group's corporate brand custodian and head of corporate affairs Aman Kumar Singh, who is facing a corruption charge in Chhattisgarh, has resigned from the board of NDTV Ltd due to other preoccupations. In a stock exchange filing, New Delhi Television Ltd last week said, "Aman Kumar Singh has tendered his resignation from the position of non-executive director of the company, with effect from close of business hours on April 1, 2023, due to his preoccupation with other engagements". Singh, a former Indian Revenue Service Officer, was a powerful bureaucrat in the Raman Singh-led BJP government in Chhattisgarh and was the principal secretary to the chief minister. He resigned from service and joined the Adani group in November 2022 as the Corporate Brand Custodian and Corporate Affairs head. And when Adani took control of NDTV, Singh was one of the directors the Adani group appointed to the board of the news broadcaster. In February 2020, the economic offences wing (EOW) of ...

Firing a fresh salvo at the government, the Congress on Sunday pointed to Adani Group's alleged China links and asked why the conglomerate is still being permitted to operate ports in India. Attacking the Centre, Congress general secretary Jairam Ramesh cited a media report which claimed that the government denied security clearance in 2022 to a consortium of APM Terminals Management and Taiwan's Wan Hai Lines after agencies discovered a connection between a Wan Hai director and a Chinese firm. This blocked the consortium's bid to operate a container handling terminal at the Jawaharlal Nehru Port Authority, Ramesh said in a statement, pointing out that it is a government policy to prevent Chinese firms and entities with Chinese connections from operating ports and terminals in India. "This raises fresh questions about the Adani Group's China links. As we have repeatedly pointed out in our Hum Adani ke Hain Kaun (HAHK) series of questions to PM Narendra Modi, Chinese citizen Chang ..

Shiv Sena (UBT) leader Sanjay Raut on Sunday said the "united opposition" feels a probe into the Adani group companies is necessary and his party is in support of such a demand. Talking to reporters, Raut said he does not wish to get involved in the differences between the Congress and the Nationalist Congress Party over the nature of the investigation. "The united opposition feels a probe is necessary into the Adani companies and the Shiv Sena (UBT) is part of it (opposition),'' he said . A probe monitored by the Supreme Court and an inquiry by a Joint Parliamentary Committee (JPC) can be done together, the Rajya Sabha member said. Raut said industrialists should be supported, but not corruption. Notably, Nationalist Congress Party (NCP) president Sharad Pawar had in an interview to NDTV on Friday said the inquiry committee appointed by the Supreme Court following allegations of stock manipulation levelled against the Adani group by US-based Hindenburg Research would be more ...

They hide the truth, that's why they mislead every day! The question remains the same - who has Rs 20,000 crore benami money in Adani's companies? Rahul Gandhi tweeted in Hindi

Union Law Minister Kiren Rijiju on Saturday attacked Congress leader Rahul Gandhi, saying he has failed politically, and claimed the Adani issue is being "deliberately" raked up to "brighten his political career". He also accused the Congress of undermining the judiciary and said if the opposition party tries to "tear apart" the Constitution by attacking the judiciary, "we will not stay silent". "I am not going to make any comment on it (the Hindenburg-Adani issue) as the Supreme Court has already formed a committee and is looking into it. But I want to say that this all is being done to brighten the political career of Rahul Gandhi," Rijiju told reporters on the sidelines of a function at the University of Jammu here. He said it is "deliberately" being made into an issue. "The country is run by the Constitution and the law of the land. One man has failed politically and they are trying to highlight controversies, make an issue out of these to brighten his career," the senior BJP .

The Congress on Saturday said the Supreme Court committee to look into the Hindenburg research report on Adani group has limited terms of reference and "cannot bring out the deep nexus between" the prime minister and the billionaire businessman. The remarks came soon after Nationalist Congress Party (NCP) supremo Sharad Pawar said this panel will be more useful and effective than a joint parliamentary committee to probe the Adani issue. "The Supreme Court Committee has very limited terms of reference. It cannot bring out the deep nexus between PM and Adani," said AICC general secretary Jairam Ramesh. "Only a JPC can find answers to the HAHK (Hum Adanike Hain Kaun) series of 100 questions and more that are emerging," he also said, adding that the "JPCs in 1992 and 2001 were both worthwhile exercises". Congress leader Rahul Gandhi also tweeted in Hindi, "They hide the truth, that's why they mislead everyday! The question remains the same - who's Rs 20,000 crore benami money is in ...

The Shiv Sena (UBT) on Saturday said Nationalist Congress Party president Sharad Pawar not favouring formation of a Joint Parliamentary Committee (JPC) to probe allegations against the Adani group will not lead to cracks in opposition unity. Talking to reporters, Shiv Sena (UBT) Rajya Sabha MP Sanjay Raut said Pawar has not given a clean chit but expressed his views of options on how to carry out the probe. In an interview to NDTV, Pawar came out in support of the Adani Group and criticised the narrative around Hindenburg Research's report on the conglomerate. Raut added the opposition is firm on its demand for a JPC probe. "Be it (West Bengal chief minister) Mamata Banerjee or NCP, there could be different opinions about Adani, but that will not lead to cracks in (opposition) unity in Maharashtra or in the country," asserted Raut, a key aide of former chief minister Uddhav Thackeray. Earlier in the day, Pawar had said he favoured a Supreme Court committee to probe allegations aga

Pawar said he was not opposed to the JPC probe, but if the Committee comprises 21 members, then 15 would be from the ruling side and the remaining six from the Opposition side

Extending support to the Adani Group, Pawar said that the report seems like an individual industrial group of the country was targeted