Page 12 - Adani Group

No refinancing, capital plans at HK roadshow, says Adani Group CFO

When asked "Are you looking to refinance any debt?" on the sidelines of the Hong Kong roadshow Tuesday, Singh said: "No, we don't have anything major at all"

Top headlines: Apple creates new jobs, India's derivate bond trade at risk

Business Standard brings you the top headlines at this hour

JPMorgan Chase & Co investment arm purges its ESG funds of Adani stocks

BlackRock, DWS among firms still in Adani via MSCI ESG indexes

In a month, LIC stock down 15%, out of top 10 in market capitalisation

The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels

Norway sovereign fund raised Ambani bets ahead of Adani Group exit

Overall India bets have nearly doubled since pandemic began

Adani stocks trading at valuation premium over Sensex companies

Even after recent carnage, group firms' trailing P/E multiple at 29.4x, against 22.5x of 30-pack index

Nine Adani firms end lower; group's combined mcap falls to Rs 6.81 trn

Stocks of nine out of ten listed firms of the Adani Group closed in the red on Monday, with the flagship Adani Enterprises tumbling over 9 per cent as investors continued to desert the counters. The conglomerate, whose business interests span from sea-ports to airports, edible oil and commodities, energy, and cement to data centres, has taken a drubbing on the bourses following a report by US short-seller Hindenburg Research labelling charges of stock manipulation and accounting fraud. The Adani group has vehemently dismissed the charges as lies, saying it complies with all laws and disclosure requirements. All the ten listed firms have together lost Rs 12.37 lakh crore (Rs 12,37,891.56 crore) in market valuation since the US short-seller came out with its report on January 24. The group's combined market capitalisation is now at Rs 6.81 lakh crore, down from Rs 19.19 lakh crore on January 24. As the decline in group firms further deepened on Monday, Adani Enterprises shares plunge

Sisodia arrested to divert public attention from Adani issue, says AAP

Senior AAP leader Sanjay Singh on Monday lashed out at the BJP and the Centre and alleged Delhi Deputy Chief Minister Manish Sisodia's arrest was "nothing but the BJP's dictatorship" and that it was done to divert the public attention from the Adani issue. "The leader who has been working hard for the development of poor children has been arrested by the CBI. Manish Sisodia's house was thoroughly raided but nothing was found. This is happening to divert the attention of the public from the outrage over Adani," Singh said. Addressing a press conference, he further alleged that the BJP has been harassing those leaders and their parties who sought a joint parliamentary committee (JPC) probe into the Adani matter. "They have started harassing those leaders who were seeking JPC probe into the Adani matter. CBI, SEBI, IT department are all silent now. On one hand, there is Adani who is swindling crores of money and roaming free without any probe and on the other, they are arresting a lead

Adani rebuffs report of $400 mn fundraise against Australian assets

Australia's corporate regulator earlier this month said it will review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani

L'affaire Adani and the colonial mindset in our approach to governance

All regulatory institutions should be made constitutional authorities, suggests T C A Srinivasa Raghavan

ITC's climb to all-time high shows Indian investors searching for stability

ITC's climb has accelerated this month, as Hindenburg Research's allegations against the Adani Group has made Adani Enterprises and Adani Ports & Special Economic Zone the index's worst performers

Adani in talks for $400 mn debt against Australian coal port assets: Report

North Queensland Export Terminal, which is controlled by Adani family trust, is being considered to raise funds for the group, according to the report on Monday, citing sources aware of fundraising

LIC extends losing streak to 7th straight session, hits record low

LIC made stock market debut on May 17, 2022, and is trading 40 per cent below its issue price of Rs 949 per share

Adani-Hindenburg saga: A world tour seeks to win back debt investors' faith

A dozen global banks will help host the investor meetings at Singapore's Capitol Kempinski hotel. The conglomerate will then hold meetings in Hong Kong at Barclays Plc office on Tuesday and Wednesday

Adani-owned ports may use their pricing power

The Adani group of companies is under pressure since Hindenburg Research, a small firm in the United States, levelled certain allegations

M&A deals down 80% so far in CY2023 as buyers seek lower valuation

India acquisitions to remain sluggish till corporate sector margins improve, macroeconomic uncertainties ease

Adani saga: The elephant in the room

The Adani group stocks don't need to keep going down and hit Hindenburg's estimate of fair value

Adani Ports and SEZ crosses 300 MMT cargo handling in just 329 days

Adani Ports and Special Economic Zone (APSEZ) crossed 300 million metric tonne (MMT) of cargo handling on Thursday. The company crossed the cargo handling in just 329 days. APSEZ has registered growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly, the company said in a statement. "APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled," APSEZ CEO and Whole Time Director Karan Adani said. APSEZ, a part of Adani Group, has evolved from a port company to an integrated transport utility providing an end-to-end solution from its port gate to customer gate.

India's Enron Moment? Gautam Adani slips to No 30 among the top rich

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by USD 80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has denied allegations, calling them "malicious", "baseless" and a "calculated attack on India". SELL-OFF: Since the Hindenburg report, the .

Adani Group has sought 94,000 sq mt land for SEZ, township, says Gujarat CM

The Gautam Adani group has sought 94,000 square metres of 'gauchar' (grazing land) and non-arable land from the Gujarat government to build a township and special economic zone, the state Assembly was informed on Friday. Responding to a query raised by Aam Aadmi Party's Jamjodhpur MLA Hemant Ahir, Gujarat Chief Minister Bhupendra Patel, who handles the revenue portfolio, said the group had sought 93,900 square metres of land in Khodiyar village in Ahmedabad and Dantali village in Gandhinagar. Patel, in his written reply, informed the House the Adani Group had sought this land in exchange for its own plots of equal area in these villages. It has also sought 202 square metres of non-arable land in Jaspur village in Gandhinagar without this exchange mechanism, the CM said. The Adani Group wants land in Ahmedabad district to "develop a Special Economic Zone as part of its state-of-the-art township" while land in Gandhinagar district has been sought for the purpose of a township, the CM