Page 23 - Adani Group

Stop media reports on Adani firms unless verified by Sebi, lawyer urges SC

A plea has been moved in the Supreme Court seeking a gag order to prevent media from publishing allegations in connection with the Adani group firms unless market regulator Sebi verifies them

Regulations strictly followed while making investments: LIC tells govt

Amid concerns in certain quarters over LIC's exposure to Adani group companies, the government on Tuesday said the insurer has informed that it strictly follows the statutory framework and regulations while making investments. Last week, state-owned Life Insurance Corporation (LIC) said it has investments of Rs 35,917.31 crore in Adani group's debt and equity securities. The amount is 0.975 per cent of the insurer's total assets under management of more than Rs 41.66 lakh crore. The total purchase value of equity, purchased over the last many years, under all the Adani group companies is Rs 30,127 crore and the market value for the same as at close of market hours on January 27, 2023, was Rs 56,142 crore, as per LIC. "LIC has informed that all investments of LIC are carried out strictly as per the statutory framework of the Insurance Act, 1938 and the IRDAI Investment Regulations, 2016 and are guided by a detailed governance mechanism," Minister of State for Finance Bhagwat Karad to

Bank credit profiles not at much risk from Adani exposure, says Fitch

State-owned lenders could see pressure to refinance group's debt if global market shun it

Adani group stocks price surge after $113 billion market value wipeout

-Shares in India's Adani Group rallied on Tuesday a day after it prepaid some loans, bringing relief to investors that have seen $113.6 billion wiped off.

Sensex drops 221 pts day ahead of RBI decision; Adani Ent up 15%, Paytm 5%

CLOSING BELL: Adani Enterprises (up 15 per cent), Dr Reddy's Labs, Adani Ports, Kotak Bank, IndusInd Bank, Bajaj Finance, Bajaj Auto, ONGC, JSW Steel, and Eicher Motors led the recovery

Short selling in US and India

With the right policy, income from short selling Adani Group stocks and bonds could have accrued to Indians rather than the Americans

Banks' exposure to Adani group 'insufficient' to pose credit risk: Fitch

MUMBAI (Reuters) -The exposure of banks to the embattled Adani Group is 'insufficient in itself' to present a substantial risk to credit profiles of these lenders, Fitch Ratings said in a note.

To pacify stakeholders, top banks declare their exposure to Adani Group

The lenders to the group include big names like the State Bank of India, Bank of Baroda, the Punjab National Bank, Axis Bank, and IndusInd Bank

SBI has 'well-manageable' exposure to embattled Adani Group: CreditSights

CreditSights pointed out that the country's largest lender has a provision reserves buffer of around 338 billion rupees ($4.08 billion), or around 1% of net loans

Adani Transmission, Adani Wilmar, NDTV snap 8-day losing streak, surge 5%

Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), ACC, Ambuja Cements, and Adani Green Energy, too, rallied in the range of 2 per cent to 7 per cent

Top headlines: Quake kills 4,000 in Turkey, Syria, Vi eyes come back

Business Standard brings you the latest headlines at this hour

Won't back down till PM agrees to have discussion in Parl: Digvijaya Singh

Congress is continuously cornering the government over the issue in Parliament forcing the adjournments of both Houses during the Budget Session

Adani Group still eligible for CEMBI, JACI, JESG indices: JP Morgan

"We continue to monitor publicly available information and liquidity of the securities, and in case of market disruption or confirmed default event"

Most Adani group stocks continue to fall; combined market cap declines

Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report. Forex traders said the Hindenburg Research report has soured market mood towards Adani Group stocks, leading to a sharp decline in the stock prices. At the end of Monday's trading session, six of the 10 Adani group companies ended in the negative territory, with Adani Transmission slipping 10 per cent, while the shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar declined 5 per cent each. Shares of Adani Enterprises closed for the day at Rs 1,572.40, down 0.74 per cent over its previous close. Four of the Adani group companies defied the trend and settled in the positive territory with Adani Ports and Special Economic Zone closing higher by 9.46 per cent, Ambuja Cements (up 1.54 per cent), ACC (up 2.24 per cent) and NDTV (up 1.37 per cent). "The A

Indonesia president warns regulator to boost supervision after Adani rout

Widodo pointed to the depreciation of the rupee and capital outflows from India after the meltdown in stock market values of Adani Group companies

Adani prepays loans worth $1.11 bn, releases pledged shares in 3 firms

Move follows Hindenburg Research accusing Adani Group of improper use of offshore tax havens and stock manipulation

Hindenburg report row: Adani Group stocks sell-off enters third week

The Adani group stocks have shed Rs 9.4 trillion in market value since June 24

Robust broader capex cycle to accelerate corporate loan book: BoB MD & CEO

'We have made investments in terms of making sure our savings banks franchise is strengthened'

How an easy govt timeline on green hydrogen provides a breather to Adani

Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given the government's benign targets

Adani row: Congress holds protests in MP, seeks FM Sitharaman's resignation

The Congress on Monday staged protests across Madhya Pradesh for a joint parliamentary committee (JPC) probe into allegations of stock manipulation against Adani Group and demanded the resignation of Union Finance Minister Nirmala Sitharaman. In Bhopal, an agitation was organised in front of the office of Life Insurance Corporation (LIC) in GTB Complex by Congress leaders led by district unit chief Kailash Mishra. Congress workers raised slogans against the Adani Group and the BJP-led Central government. "We are protesting for a JPC probe into allegations of irregularities against Adani. These irregularities occurred under Finance Minister Nirmala Sitharaman, so she should resign immediately," Mishra told PTI. A demonstration was also held at the state Congress headquarters by the National Students Union of India (NSUI). Adani Group stocks have taken a beating on the bourses after the US short-seller Hindenburg Research made a litany of allegations last fortnight in its report, ...