Page 17 - Adani Group

No refinancing, liquidity issues, says Adani to calm jittery investors

Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt

Top headlines: AI seals largest plane deal, MSCI readies verdict on Adani

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ESG's most influential gatekeeper MSCI readies verdict on Adani Group firms

MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff

Adani Group likely to repay short-term commercial paper debt: Bankers

Two large companies within India's embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months.

Adani rout creates a dent in Quant MF portfolios as key holdings shed 24%

At the end of January, Quant MF had close to Rs 950 crore investment in Adani Ports and Ambuja Cement

Adani group crisis may not have significant financial spillover risks: S&P

S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact such as banks undertaking extra due diligence while giving loans to corporates. S&P Senior Director (Infrastructure & Utilities Ratings), Abhishek Dangra said as per external estimates, the exposure of the banking sector to Adani group companies is less than 1 per cent and also the credit ratings of the firms are not at 'distress level'. However, he added the risk premium to certain Indian companies and those within the Adani umbrella may rise and if banks have governance concerns, they put in more due diligence which may result in delay in sanctioning credit. "So there are no significant financial spillover risks directly. But there might be some secondary aspects. More so, when the dollar bond market is not necessarily open given high dollar rates, and domestic banking ...

Govt is 'running away' from a JPC probe into Adani-Hindenburg issue: Cong

Reacting to Amit Shah's reported remarks, Ramesh said, "If they do not have anything to hide, why are they running away from a JPC (probe)"

Hindenburg effect: Trading volumes rose amid rout in Adani Group shares

Higher volatility in markets prompts trades to get more active

BJP has nothing to hide on Adani issue: Home minister Amit Shah

The crisis has stalled parliament, ignited street protests by the opposition, sparked off investigations by regulators and weighed on the broader markets

Adani Group vows to reduce leverage, flagship swings back to profit

The group has been under pressure since the Hindenburg report that accused it of accounting fraud and stock manipulation

Adani stocks rout rattles confidence in local insurer assets, says Bain

A stock rout has wiped $127 billion off the market value of Adani's empire after a scathing report by short seller Hindenburg Research on Jan 24

SEBI investigates short-seller Hindenburg allegations against Adani Group

Market regulator SEBI has indicated to the Supreme Court that it is not in favour of banning short-selling or sale of borrowed shares, and said it is investigating allegations made by a tiny short-seller against the Adani Group as well as its share price movements. The Securities and Exchange Board of India (SEBI) in written note before a bench headed by Chief Justice DY Chandrachud, which was hearing two PILs relating to the recent Adani Group shares crash, described what short-selling is and what the Hindenburg Research did but did not once name the Adani Group in the 20-page document. The regulator, the note said, was "already enquiring both the allegations made in the Hindenburg report as well as the market activity immediately preceding and post the publication of the report." US-based short-seller Hindenburg in a January 24 report alleged that the Adani Group pulled "the largest con in corporate history" using offshore tax havens and stock manipulation. The allegations, which

Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore

Adani Enterprises Q3 results: The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22

Swindled lakhs of crores of public money: Cong leader moves SC on Adani row

The plea filed by Jaya Thakur through advocate Varinder Kumar Sharma urged the top court to direct probe against Adani group of companies through chairman and his associates

Adani row: We have robust framework to deal with mkt volatility, says Sebi

Market regulator SEBI has told the Supreme Court that it is inquiring into allegations made in the Hindenburg report against the Adani Group as well as the market activity immediately preceding and post the publication of the report to identify any violations of its regulations. It has also told the apex court hat it has a robust set of frameworks and market systems to ensure seamless trading and deal with the volatility in stock exchanges, while asserting that developed securities markets world over recognise short selling as a legitimate investment activity. The Securities and Exchange Board of India (SEBI) on Monday filed the 23-page written note before a bench headed by Chief Justice DY Chandrachud, which was hearing two PILs relating to the recent Adani Group shares crash, and said it was already enquiring into both, the allegations made in the Hindenburg report as well as the market activity immediately preceding and post the publication of the report, to identify violations of

6 out of 10 Adani group stocks locked at 5% lower circuit in firm market

The Central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected.

Adani crisis unlikely to spill over to other Indian conglomerates

Adani is an outlier, not representative of India Inc. as a whole," economists Abhishek Gupta, Scott Johnson and Tom Orlik said in their report Tuesday

Nothing for BJP to hide, be afraid of: Shah on allegations over Adani row

"The Supreme Court has taken cognizance of the matter. As a minister, if the Supreme Court is seized of the matter it is not right for me to comment," Shah said

Top headlines: Adani hires Grant Thornton, Jio aims 100% 5G coverage

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Adani Group tries to calm investors as Sebi confirms investigation

"We are confident in the continued ability of our portfolio to deliver superior returns to shareholders," Adani Group said in the emailed statement