Page 12 - Adani Group

Gautam Adani slips to 32nd in rich list, net worth shrinks to $37.7 billion

Indian billionaire Gautam Adani's net worth has shrunk to $37.7 billion, taking him to 32nd on the Bloomberg Billionaire Index

Select Adani group shares rally; Adani Enterprises jumps 29% from day's low

Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%

Adani Group to repay up to $790 mn share-backed loans by March: Reports

Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named

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