Page 3 - Adani Enterprises

TotalEnergies has not signed contract on new Adani hydrogen venture

TotalEnergies has not yet signed a contract announced last year to extend its partnership with India's Adani to the production of green hydrogen, the chief executive of the French oil major said

Bank loan exposure to Adani Group against shares not significant: RBI DG

The Adani group has denied wrongdoing, but saw more than $110 billion wiped off the conglomerate's market value since the report was released

Distressed funds including Oaktree Capital scoop up Adani Group bonds

Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose

AEL's growth in m-cap was 9X of net profit even before Hindenburg struck

Since then, various Adani Group stocks have lost 16 per cent (in case of ACC) to 60 per cent of their market capitalisation or m-cap (in case of Adani Total Gas)

Hindenburg report row: Adani Group stocks sell-off enters third week

The Adani group stocks have shed Rs 9.4 trillion in market value since June 24

Adani Enterprises' stock price has 40% more downside: NYU professor

The so-called price-to-earnings ratio for the stock has surged from 15 times earnings in the five years to 2021 to 214 times in the last two years, the professor wrote

How an easy govt timeline on green hydrogen provides a breather to Adani

Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given the government's benign targets

Adani case brings back the question of infrastructure financing in India

The projects need cash, and Adani could well face serious shortfalls. Whether the govt bails them out by giving money or takes them over is a billion-dollar question

Lok Sabha adjourned till 2 pm amidst opposition protests over Adani issue

Lok Sabha was on Monday adjourned till 2 pm following protests by opposition parties demanding a joint parliamentary committee probe into the fraud-allegation-triggered rout in the Adani Group company stocks. Soon after the House met after the weekend break, opposition members, primarily Congress MPs, came to the well of the House shouting slogans and demanding a probe into the the tanking of the Adani Group scrips and sought a probe into the business practices of the corporate giant. Speaker Om Birla appealed them to go back to their seats and participate in the debate. This is not good. Sloganeering is against the dignity of the House. People have elected you to raise their issues in Parliament but you are not interested in participating in debate, he said. Birla said the opposition members should come to his chamber and discuss their demands and assured that he would give them enough time to raise the issues in the House. However, the opposition ignored his pleas and continued

FPI selling hits seven-month high on rich valuations, Adani Group rout

The selling coincided with a slide in equity benchmarks, with Nifty 50 falling 2.45% in the first month of 2023

Billionaire Gautam Adani's bonds are a soft target with hard assets

To know whether Adani is more likely to float than sink, bondholders are turning to rating companies, advisers and lawyers

Adani Group may cut capex plans in some businesses after FPO fiasco

The company might look at 16-18 months for growth in certain businesses instead of a 12-month target, according to a newspaper report

Neither macro fundamentals nor country's image impacted by Adani saga: FM

Banks have an exposure of Rs 80,000 crore to the conglomerate, with the SBI leading the pack with Rs 27,000 crore

Measures in place to address excessive market volatility, says Sebi

Sebi has begun examining the crash in Adani group stocks and is said to have increased the scrutiny of the Adani group and its investors

Finance Secy T V Somanathan terms Adani Group row as 'storm in the tea cup'

'Foreign reserves grew to USD 8 billion. FPOs (follow-on public offers) come and go'

Adani row: Financial markets regulated, govt monitoring situation, says BJP

Amid the raging controversy over Adani Group's stocks, the BJP on Saturday said financial markets are highly regulated and the Centre is closely monitoring the situation. Stocks of the Adani Group have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. "I do not want to name any particular group but Finance Minister Nirmala Sitharaman has already spoken on this subject. The Reserve Bank has also given a detailed explanation as per which banks of the country have given huge loans to various companies by following all parameters," Bharatiya Janata Party's national spokesperson Gopal Krishna Agarwal told reporters. He said financial markets are heavily regulated by the Reserve Bank, SEBI and other regulators. The ..

Committed to ensuring market integrity, says Sebi amid Adani crisis

Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares. Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week. Officials confirmed that the statement has been issued in the wake of the Adani matter only. "As part of its mandate, Sebi seeks to maintain orderly and efficient functioning of the market and has put in place a set of well-defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks. "This mechanism gets automatically triggered under certain conditions of price volatility in any stock," the Securities and Exchange Board of India (Sebi) said. Stock exchange

Adani shelves $122 mn bond plan after Hindenburg report cause market rout

Adani Enterprises Ltd. has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout

Adani-hit Nifty ETFs unlikely to lose incremental flows to other indices

Advisors remain in favour of Nifty despite its recent underperformance to the Sensex

The stakes get bigger: Why Gautam Adani had to re-assess his position

A fight could have spread effects not only on those who financed the projects Adani embarked on, but also the govt's manufacturing and infrastructure ambitions, writes T N Ninan