Page 22 - Adani Group

Indian banking won't be affected by individual case: Shaktikanta Das

Loans are not given considering a company's market capitalisation, he says about Adani Group crisis

Bank loan exposure to Adani Group against shares not significant: RBI DG

The Adani group has denied wrongdoing, but saw more than $110 billion wiped off the conglomerate's market value since the report was released

Amid Adani row, PM Modi to reply to Lok Sabha debate on President's address

Prime Minister Narendra Modi is scheduled to reply to the debate on the Motion of Thanks on the President's Address in the Lok Sabha around 3:30 pm on Wednesday, the Prime Minister's Office said. The Lok Sabha had taken up discussion on the Motion of Thanks, moved by BJP member Chandra Prakash Joshi, on Tuesday, after three days of disruptions in Parliament. Congress leader Rahul Gandhi, DMK leader Kanimozhi, Trinamool leader Mahua Moitra, Union Minister Smriti Irani had participated in the discussion on Tuesday. The Lok Sabha had allotted 12 hours for the debate.

Amid Adani Group's turmoil, RBI chief says Indian banking system stronger

Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this" in reference to the developments at Adani Group. Concerns have been raised in various quarters about Adani Group companies, including about the exposure of lenders to the conglomerate, in the wake of an adverse report by US-based short seller Hindenburg Research that also triggered a massive sell-off in the shares of the companies. To queries related to the Adani Group, Das said the Reserve Bank of India (RBI) has made its own assessment to come out with the statement on Friday, where it termed the banking sector as strong and resilient. "The strength, size and the resilience of the Indian banking system now are much stronger and larger to be affected by a case like this," Das said without directly mentioning about the Adani Group. He was responding to a query on whether the RBI will be giving an

PM should nationalise assets of Adani Group and auction them: Swamy

Former Union minister and senior BJP leader Subramanian Swamy has said he wants the Centre to nationalise the assets of Adani Group, which has faced scrutiny after its stocks tumbled following a report over its financial deals and a ruckus was created in Parliament by opposition parties over it. In an interview with PTI here, Swamy spoke about how his recent tweet on being "sorrowful" regarding the demise of former Pakistan president Pervez Musharraf which has received a lot of criticism online. He also spoke about how Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman alleging it lacked either objectives or strategies and said the allocation for defence is low at a time when China is aggressive on the border issue. Excerpts from the interview -- Question: How do you think the BJP government has handled the Adani Group issue, while opposition parties are demanding action against the beleaguered conglomerate? Answer: I would like to see the Prime Minister nationa

This Adani group stock has bounced back over 100% in three days

Shares of Adani Enterprises rallied 14 per cent to Rs 2,049.60 in Wednesday's intra-day trade, and have zoomed 102 per cent from its intra-day low of Rs 1,017.10 touched on Friday February 3.

BRS MP K Keshav Rao moves suspension notice in Rajya Sabha on Adani issue

While the House is discussing the motion of thanks on President's Address, the BRS move is likely to disrupt the House proceedings

Turmoil in Adani's empire prompts Nomura, SMFG to disclose fund exposures

Nomura Holdings Inc.'s asset management arm released details on Tuesday about 30 of its publicly offered investment trusts that hold either stocks or bonds of Adani companies.

Distressed funds including Oaktree Capital scoop up Adani Group bonds

Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose

TMS Ep364: Adani group, Indian ports, defensive stocks, fault lines

Is Adani group too big to fail? Why do big ships give India a miss? Are defensive stocks a good bet amid market volatility? What are fault lines? All answers here

Sell-off in bank stks amid Adani fiasco provides good entry point: Analysts

Analysts believe the sell-off in bank stocks is overdone since exposure of Indian banks to Adani group remains contained

There was no pressure from Adani Group to sell Mumbai airport: GVK's Reddy

GVK Group Vice Chairman Sanjay Reddy on Tuesday said there was absolutely no pressure from the Adani Group or anyone else to sell the Mumbai airport. His comments come on a day when Congress leader Rahul Gandhi alleged in Lok Sabha that "Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India". Adani Group took over the management of the Mumbai airport from the GVK Group in July 2021. In an interview to television channel NDTV on Tuesday, Sanjay Reddy said, "There was absolutely no pressure from the Adani group or anyone else for us to sell the Mumbai airport." While explaining the circumstances that led to the sale of the airport, Reddy said the group was looking to raise funds for the airport business. Reddy said that at that time, Gautam Adani approached him and said he had a lot of interest in the airport and whether GVK group was willing to do a transaction with him. "... He (Adani) said that he wil

Adani market capitalisation rises for first time since Hindenburg report

Followed regulations while making investments: LIC

Adani Green Energy Q3 net profit more than doubles to Rs 103 crore

Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in the December quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 49 crore in the year-ago period, according to a BSE filing on Tuesday. Total income in the third quarter of the current fiscal rose to Rs 2,258 crore from Rs 1,471 crore in the same period a year ago. The solar CUF (Capacity Utilisation Factor) and sale of energy improved with the integration of a high-quality SB Energy portfolio having a CUF of 26.0 per cent in the April-December 2022 period, consistent high plant availability, improved grid availability and improved solar irradiation. The sale of energy from the wind portfolio has increased significantly backed by strong capacity addition. However, the wind CUF has reduced primarily due to a one-off disruption in the transmission line (force majeure) for a 150 MW plant in Gujarat, which is now fully restored. "We are making steady progr

Adani Total expects to get 2.2 mn tonnes at Dhamra LNG terminal in FY24

Adani Total Private Ltd expects to receive 2.2 mn tonnes of LNG at its terminal at Dhamra on India's eastern coast during the year ending March 2024, the company's chief executive said

Adani saga in Lok Sabha: BJP takes exception to Rahul's 'magic' jibe

Gandhi said that during the yatra people also asked him how Adani's net worth incre­ased from $8 billion to $140 billion between 2014 and 2022

Adani Ports eyes Rs 15,000 cr Ebitda in FY23, will prepay Rs 5,000 cr debt

Prepayment to significantly improve net debt-to-Ebitda ratio, bring it closer to 2.5x by March, says company

Adani-owned NDTV's profit more than halves for Q3 on advertising drop

Indian broadcaster New Delhi Television Ltd, part of the embattled Adani Group, said on Tuesday that profit had more than halved in the third quarter on weak advertising demand

Why raising Adani issue is equivalent to questioning India: DMK's Kanimozhi

DMK MP Kanimozhi on Tuesday demanded that the government clarify how raising allegations against the Adani Group could be equivalent to 'questioning' India, while hitting out at the ruling dispensation for "shielding" corporates. Participating in the debate on Motion of Thanks to the President's Address in Lok Sabha, she said any mention of Adani meant the treasury benches would break into virulent protests. She also accused the treasury benches of turning a blind eye and providing strong support to corporates even when their "wrong-doings" come to the fore. "... Hindenburg Research has given reports on 15 other institutions in different countries. But no other country has said that the report was against the country. "When we are talking about Adani, it becomes against the country. I am confused. We have started calling India 'Bharat', now what is the next progress? If talking against Adani is talking against India, I really want a clarification," Kanimozhi asserted. The Thoothuk

Adani Group exposures not large to pose risks to banks: Fitch, Moody's

Domestic banks may become main source of funding for conglomerate if its access to int'l markets is curtailed