Page 19 - Adani Group

The House and Adani: Second half of Budget session will resume on March 14

If the first half of the Parliament session is any indication, for the matter to have traction, BJP leaders will have to get a crash course on the allegations made by Hindenburg

Three Adani Group companies pledge additional shares for SBI: Report

Three Adani Group companies have pledged additional shares for State Bank of India, days after a scathing report by a US short-seller led to over USD 100 billion loss in its market value, as per stock exchange filings. Adani Ports and Special Economic Zone (APSEZ), Adani Transmission Ltd and Adani Green Energy pledged shares to SBICAP Trustee Company, a unit of India's biggest lender, SBI. As many as 75 lakh more shares of APSEZ have been pledged, taking the total to 1 per cent of all shares with SBICAP. In the case of Adani Green, pledge of 60 lakh more shares took the total to 1.06 per cent. Pledge of 13 lakh more shares of Adani Transmission took the total to 0.55 per cent, the filings showed. The additional pledges are part of a USD 300 million letter of credit - issued by a bank to another bank as a guarantee for payments made - provided by SBI for Adani Group's Carmichael coal mining project in Australia.

Committed to Tajpur Port, waiting for formalities to finish: Adani official

Adani Ports & SEZ Ltd (APSEZ) remains committed to Rs 15,000 crore deep-sea port project in Tajpur, West Bengal and the company is waiting for completion of statutory formalities, such as the draft concession agreement from the state, a top official of Adani Group said. Once the formalities are complete, APSEZ will work towards developing the port as per its plans and timelines, the official added. "We remain committed to Tajpur deep-sea port and awaiting the statutory requirements from the state, associated with the project," the official said when contacted but declined to be identified. The comments come against the backdrop of a crisis in Adani Group companies following a report by US short-seller Hindenburg Research published last month. Adani Group stocks have taken a beating on the bourses after Hindenburg made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The report raised concerns about

The Adani saga: What it means for Indian banks

Globally, for infrastructure projects, the construction risk is borne by the bond market; the banks step in at a later stage when they can smell the cash flow

Water cannon used on AAP workers protesting over Adani issue in Chandigarh

The Chandigarh Police on Sunday used water cannon to prevent AAP workers from moving towards the BJP office here as part of their protest against the Centre over the Adani issue. Aam Aadmi Party workers, gathered from various parts of Punjab, wanted to "gherao" the office of the Punjab BJP in Sector 37 here to register their protest against the party-led central government. Barricades were put up and a heavy deployment of police was made to prevent the protesters from heading towards the Punjab BJP office. Police used a water cannon when AAP workers tried to force their way towards the BJP office, said officials. Carrying party flags, AAP workers shouted slogans against the BJP government over the Adani issue. AAP MLA from the Jalalabad constituency Jagdeep Kamboj slammed the BJP alleging that it has failed on all fronts. Later, police detained several party leaders and workers. Earlier speaking to reporters at the party office, AAP leader Harchand Singh Barsat alleged that the

Adani Group firms pledge shares for lenders of AEL: SBICAP Trustee

SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises

Regulators very experienced; seized of the matter: FM on Adani Group row

Finance Minister Nirmala Sitharaman on Saturday said the country's regulators are very experienced and are seized of the matter relating to the Adani Group crisis. The minister was replying to a question on the observations of the Supreme Court on public interest litigations (PILs) alleging exploitation of investors and "artificial crashing" of the Adani Group's stocks. "I will not disclose here what the government will be saying in the court...India's regulators are very, very experienced and they are experts in their domain. The regulators are seized of this matter and they are on their toes as always, not just now," she told reporters after her customary post-Budget address to the RBI's board. Concerned over protecting the interests of Indian investors, the Supreme Court on Friday favoured creating a robust mechanism to regulate the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and "artificial crashing" o

Indian regulators aware of concerns on Adani Group issue, says Sitharaman

Nirmala Sitharaman told reporters after meeting the central bank's directors in New Delhi, the capital

Tight liquidity makes Adani Group dollar bonds a tough buy or sell

Most of some $8 billion of Adani firms' outstanding bonds fell below the 70 cents on the dollar mark - which is seen as distressed territory - after the Hindenburg report

Top headlines: SC on Adani-Hindenburg row, Ola rides down the value chain

Business Standard brings you the top headlines at this hour

Forex reserves dip $1.5 bn to $575.27 bn on depletion in currency assets

Analysts say RBI sold dollars to protect rupee amid Adani crisis

Sebi probing Adani's links with investors in aborted $2.5 billion FPO

Opposition parties have protested in parliament to call for an independent probe into Hindenburg's allegations

Adani-Hindenburg row: Supreme Court for expert panel on investors' safety

Court asked regulator to file response detailing how a strong framework can be put in place

Moody's maintains ratings of 8 Adani cos, changes outlook on 4 to negative

Affirmation of APSEZ's issuer ratings considers the company's strong market position as the largest port developer and operator in India by cargo volume and its strong liquidity and financial profile

MSCI cuts weighting of 4 Adani group stocks, triggers fresh sell-off

Changes to become effective on Feb 28; move triggers fresh selloff

India's reputation will survive Hindenburg

Those who worry that the Adani saga will turn the world off India are not looking at the entire picture

Popularity of PM Modi remains intact despite Adani saga, shows poll

Data from polling agency C-Voter seems to suggest support for the prime minister has not waned, although the survey did not refer to the Adani issue

LIVE: India sends 841 cartons of medicines to quake-hit Turkey, Syria

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Adani Group reels after report from US based short-seller Hindenburg

NEW DELHI (Reuters) - Indian tycoon Gautam Adani's conglomerate has been pummelled by a stock rout and come under increasing scrutiny after U.S. short-seller Hindenburg Research

Founder Nate Anderson says Hindenburg has never been banned, seized

Nathan Anderson, the founder of Hindenburg Research whose damning report led to a USD 100 billion-plus rout in Adani Group shares, has said that his firm has never been banned, its bank account never seized and that it is not under any investigation. Since it published a scathing 100-plus-page report alleging that Adani pulled "the largest con in corporate history" on January 24, there have been comments on social media that Hindenburg had "three criminal inquiries" in the US and that it was banned by the Financial Industry Regulatory Authority (FINRA), its bank accounts frozen and it has been barred from publishing any report on firms listed on the New York Stock Exchange. Anderson, in a tweet, attached a news report "debunking" such "lies" and said Hindenburg was neither banned nor is under any investigation. "We are banned by FINRA (never); Had bank accounts seized (no); Can't publish on NYSE-listed co's (this isn't a thing); Are under investigation (no)," he said. Hindenburg, .