Page 24 - Adani Group

Adani case brings back the question of infrastructure financing in India

The projects need cash, and Adani could well face serious shortfalls. Whether the govt bails them out by giving money or takes them over is a billion-dollar question

Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)

Open to lending to Adani Group but with conditions: Bank Of Baroda

Investors have been worried about various banks' exposure to the Adani Group ever since U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation

Adani Ports rises for second straight day; stock up 26% from Monday's low

The stock rose even as global rating agency Standard and Poor's (S&P) on Friday revised the outlook on Adani Ports and Adani Electricity from 'stable' to 'negative'

Adani in talks to prepay loans on shares, denies report on capex cut

Adani Group is in talks to prepay all loans backed by pledged shares, a spokesperson told Reuters on Monday

Adani fiasco brings down India's weight in the MSCI emerging markets index

The brutal selloff induced by the report has not only had an impact on Gautam Adani's personal wealth but also reduced India's weighting in MSCI's emerging-market benchmark

Lok Sabha adjourned till 2 pm amidst opposition protests over Adani issue

Lok Sabha was on Monday adjourned till 2 pm following protests by opposition parties demanding a joint parliamentary committee probe into the fraud-allegation-triggered rout in the Adani Group company stocks. Soon after the House met after the weekend break, opposition members, primarily Congress MPs, came to the well of the House shouting slogans and demanding a probe into the the tanking of the Adani Group scrips and sought a probe into the business practices of the corporate giant. Speaker Om Birla appealed them to go back to their seats and participate in the debate. This is not good. Sloganeering is against the dignity of the House. People have elected you to raise their issues in Parliament but you are not interested in participating in debate, he said. Birla said the opposition members should come to his chamber and discuss their demands and assured that he would give them enough time to raise the issues in the House. However, the opposition ignored his pleas and continued

FPI selling hits seven-month high on rich valuations, Adani Group rout

The selling coincided with a slide in equity benchmarks, with Nifty 50 falling 2.45% in the first month of 2023

CPI MP Binoy moves Suspension of Business notice in RS over Adani issue

Communist Party of India (CPI) MP Binoy Viswam o moved a Suspension of Business Notice in Rajya Sabha under rule 267 demanding a discussion on the Adani group of companies crisis

Oppn to demonstrate outside Parliament to seek JPC probe into Adani issue

Opposition parties will stage a demonstration on Monday outside the Parliament House to demand a probe by a Joint Parliamentary Committee (JPC) against the Adani Group, souces said

Will India remain untouched by the slide of Adani?

Whether the Opposition is successful or not in getting a JPC to inquire into the allegations against the Adani Group, it will not fail to use the issue in public as well as in Parliament

Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo, DCB Bank, Marico

Stocks to Watch: Paytm has narrowed its consolidated net loss to Rs 392 crore in Q3FY22. The company had posted a net loss of Rs 778.4 crore a year ago

Billionaire Gautam Adani's bonds are a soft target with hard assets

To know whether Adani is more likely to float than sink, bondholders are turning to rating companies, advisers and lawyers

Adani Group may cut capex plans in some businesses after FPO fiasco

The company might look at 16-18 months for growth in certain businesses instead of a 12-month target, according to a newspaper report

Gautam Adani's crisis points to the big risk in India's net zero plan

Led by Adani's $70 billion pledged investment in green energy infrastructure, India's tycoons have so far committed to spend far more than the government on the energy transition

Uttar Pradesh discom scraps Adani's Rs 5,400-crore smart meter bid

UP discoms - including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal - representing different regions, had floated tenders for the supply of more than 25 million smart meters

Opposition won't let probe into Adani stock market crash come up short

Probe into Hindenburg report promises to be government-led, for the moment

Sebi, RBI should keep mkt stable, Adani rout company specific issue: FM

Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are "not overexposed" to any one company and assured that Indian markets are very well managed by its regulators. "Yes, there have been occasional blips in the market, maybe small or big, but they do address issues like that. And I strongly believe that our regulators are seized of this matter," Sitharaman said in an interview to Times Now. Adani Group stocks are witnessing a meltdown on the bourses after the US-based short-seller Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. Hindenburg ...

Centre should show same kind of love it has for Adani to common people: KCR

Telangana Chief Minister K Chandrasekhar Rao on Sunday demanded Adani Group's "scam" be discussed in a Joint Parliamentary Committee (JPC) as he targeted the Centre over the import of coal and its "love" for Adani. He claimed the Centre is pressuring Life Insurance Corporation to make a false statement over its exposure in the Adani Group. The Indian banking system is involved in this problem and the whole country is worried, he alleged. Addressing a press conference in Nanded city of Maharashtra after speaking at a public rally, Rao, who heads Bharat Rashtra Samithi (BRS), alleged the Centre is forcing states to import coal which is supplied only by Adani Group. The import of coal is akin to "cheating" the country, and the BRS will change this scenario after coming to power, he said. "It is my request to the Prime Minister that Adani Group is involved in such a big scam and it should be discussed in a joint parliamentary committee. Almost Rs 10 lakh crore has been evaporated," he

Adani group stock rout has shaken investor faith, says Gaurav Dua

"A monetary policy meeting this week and some important October-December 2022-23 results may influence the near-term direction of markets"