Page 21 - Adani Group

A Raja slams govt for not refuting Opposition's allegations on Adani

DMK leader A Raja claimed on Thursday that the opposition's allegations about businessman Gautam Adani stand true as the government has not "refuted" them. Participating in a discussion on the Union Budget for 2023-24, Raja said the claim of the government that it was the representative of 140 crore people of the country was also not true as the opposition has more than 200 MPs in Lok Sabha. "The allegations made by the opposition were not refuted at all by the government. Since it was not refuted, it stands true," he said. The opposition, including the Congress and the Dravida Munnetra Kazhagam (DMK), has stalled the proceedings of both Houses of Parliament for three days of the Budget Session, demanding a joint parliamentary committee probe into the fraud-allegation-triggered rout in Adani Group company stocks, before participating in the debate on the motion of thanks on the President's address. Raja said that out of the total MPs of the Lok Sabha, more than 200 belong to the ..

Indian business families that are shifting control to their next generation

From Ambani to Birla, more and more business families in India are showing trust in their scions

Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall

CLOSING BELL: Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel, Sun Pharma, UPL, Ultratech Cement, HDFC, Bajaj Auto, and Tata Motors fell over half a per cent to 11%

RS Chairman rejects suspension notices on Adani row, AAP stages walkout

Sanjay Singh said all the notices were rejected and alleged that the government was stalling the discussion on Adani row

MSCI to announce changes to free float status of few Adani Group securities

Index provider MSCI said on Thursday it had determined that some Adani securities should no longer be designated as free float after market participants raised concerns about the eligibility

Top headlines: MSCI to review Adani Group securities, Maaza to go global

Business Standard brings you the top headlines at this hour

Adani group stocks under pressure as MSCI to review free float status

Adani Enterprises locked 10 per cent lower circuit, while Adani Ports, Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Ambuja Cements were down up to 6 per cent

MSCI receives feedback; to do free float review of Adani Group securities

Index provider MSCI said on Thursday it has received feedback from a range of market participants concerning specific securities associated with the Adani Group

Stocks to Watch: Adani group stocks, LIC, Reliance, L&T, Equitas SFB, Trent

Stocks to Watch: MSCI has started a free float review of Adani Group securities and it believes certain Investors should no longer be designated as free float

Companies get bank loans based on fundamentals, not m-cap: RBI Governor Das

Exposure of domestic banks to the shares of Adani Group is insignificant: DG Jain

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year

AEL adds another 20%, 7 Adani stocks up as group boosts investor confidence

M-cap back above Rs 10-trillion mark; Adani Transmission, Adani Wilmar, Adani Power and NDTV hit upper limit of 5%

All governments are crony capitalists

The Adani saga has dented the government's image of incorruptibility. But it is doubtful whether the cronyism embedded in India's economic fabric will disappear anytime soon

Stable cash flows to aid Adani Group's debt commitments: Rating firms

Ind-Ra said there is no immediate impact on the ratings of Adani Group entities, following the recent short-selling report

Opposition attacks PM for 'not giving answers' on Adani rout issue

The opposition hit out at Prime Minister Narendra Modi on Wednesday for not responding to allegations related to industrialist Gautam Adani, which they termed "the elephant in the room", with former Congress chief Rahul Gandhi accusing Modi of "protecting" the billionaire. The opposition's attack came after Modi said the trust reposed in him by crores of people is his protective shield, which cannot be breached by abuse and allegations from his detractors. Replying to the debate on the Motion of Thanks on the President's Address in the Lok Sabha, the prime minister said people know that he has come to their help in times of crisis and asked the opposition parties how would these same people agree with their abuses and allegations. Congress general secretary Jairam Ramesh described the prime minister's reply in Parliament as diversionary and said there was not even a word on his "links" with his "favourite businessman". Trinamool Congress's (TMC) leader in the Lok Sabha Sudip ...

Adani Power reports 96% decline in profits, cites high coal import costs

Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses. In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing. Total expenses increased to Rs 8,078.31 crore in the quarter from Rs 5,389.24 crore. Total income rose to Rs 8,290.21 crore from Rs 5,593.58 crore in the same period a year ago. During the quarter, the company and its subsidiaries achieved an average Plant Load Factor (PLF or capacity utilisation) of 42.1 per cent and power sale volume of 11.8 Billion Units (BU), as compared to PLF of 41 per cent and power sale volume of 10.6 BU in Q3 FY22. Operating performance for Q3 FY23 includes the performance of the 1,200 MW power plant of Mahan Energen Ltd, which was acquired in March 2022. Operating performance during the quarter under review was constrained mainly due to high prices of imported coal and insufficient domestic fuel ...

Adani Wilmar profit rises 16%, shrugs off Hindenburg report impact

CHENNAI (Reuters) - Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods.

Mkts may outperform after clarity on Adani issue: IIFL Securities chairman

Bad loans were increasing due to continued deleveraging by the Indian corporate sector

One client will not affect Indian banking system: RBI Guv on Adani row

An individual client -- Adani Group -- will not bring down the Indian banking system as the country's banking sector is resilient and strong, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Opposition MPs protest in Parliament premises on Hindenberg-Adani row

TMC MP Kalyan Banerjee raised the Hindenburg-Adani row to target the government