Page 25 - Adani Group

Street Signs: The VIX vaporub for mkts, Budget let-down for Midhani & more

A lower allocation to Indian Space Research Organisation (Isro) could lead to a derating in the stock of the superalloys manufacturer, says an analyst

Neither macro fundamentals nor country's image impacted by Adani saga: FM

Banks have an exposure of Rs 80,000 crore to the conglomerate, with the SBI leading the pack with Rs 27,000 crore

Measures in place to address excessive market volatility, says Sebi

Sebi has begun examining the crash in Adani group stocks and is said to have increased the scrutiny of the Adani group and its investors

Operational date for Adani's Godda thermal power plant to be delayed again

Adani Group's thermal power station in Jharkhand's Godda district is likely to face yet another delay to its commercial operations date (COD)

United on Adani, but divided on alliance: Oppn's fragile equations

Keeping their differences aside, even the BRS and AAP attended the Opposition's meeting convened on Friday to work out a strategy to corner the government in Parliament

Finance Secy T V Somanathan terms Adani Group row as 'storm in the tea cup'

'Foreign reserves grew to USD 8 billion. FPOs (follow-on public offers) come and go'

LIVE updates: 'Centre monitoring situation', says BJP on Adani stock rout

Live news updates: Delhi's Saket court discharges Sharjeel Imam in Jamia Violence case registered in 2019. Violence erupted after a clash between people protesting against Citizenship Amendment Act

Adani row: Financial markets regulated, govt monitoring situation, says BJP

Amid the raging controversy over Adani Group's stocks, the BJP on Saturday said financial markets are highly regulated and the Centre is closely monitoring the situation. Stocks of the Adani Group have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, 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. "I do not want to name any particular group but Finance Minister Nirmala Sitharaman has already spoken on this subject. The Reserve Bank has also given a detailed explanation as per which banks of the country have given huge loans to various companies by following all parameters," Bharatiya Janata Party's national spokesperson Gopal Krishna Agarwal told reporters. He said financial markets are heavily regulated by the Reserve Bank, SEBI and other regulators. The ..

Committed to ensuring market integrity, says Sebi amid Adani crisis

Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares. Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week. Officials confirmed that the statement has been issued in the wake of the Adani matter only. "As part of its mandate, Sebi seeks to maintain orderly and efficient functioning of the market and has put in place a set of well-defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks. "This mechanism gets automatically triggered under certain conditions of price volatility in any stock," the Securities and Exchange Board of India (Sebi) said. Stock exchange

Axis Bank says it is comfortable with exposure to Adani Group entities

"Our exposure to Adani Group is primarily to the operating companies in the Ports, Transmission, Power, Gas Distribution, Roads, Airports etc," the bank said

Adani row: Indian regulators very competent to handle situation, says Goyal

Union Minister for Commerce and Industry Piyush Goyal on Saturday said regulators are very competent to handle the situation and will take appropriate action, regarding the allegations of fraud against billionaire Gautam Adani's companies that triggered an unprecedented stock crash. He also termed the opposition stalling the Parliament's proceedings on the issue as "unfortunate". "The regulators in India are very competent and our financial markets are amongst the most respected and well regulated markets in the world. As regards the loss, that's the share market's valuation loss, not the loss of any individual or people's wealth," Goyal told reporters here. Responding to opposition's criticism that the government is shying away from discussion on the Adani issue, and about USD 100 billion loss, he said, investments in shares and stocks go up and down, that's a part of investment, but nowhere have the people of India lost those levels of sums that is mentioned (USD 100 billion). Th

Himachal's industry dept to hold talks with Adani to end cement impasse: CM

The Himachal Pradesh government is all set to end the impasse created by the closure of two cement factories and indefinite strike by truck operators union and the industries minister will hold talks with the Adani group to resolve the issue, Chief Minister Sukhvinder Singh Sukhu said on Saturday. Talking to reporters at the NIT helipad here, Sukhu, who is on a three days tour of his home district Hamirpur, said the transporters' union representing truckers engaged by the two Adani group-owned cement plants in Bilaspur and Solan districts have proposed their rates and concerned officers have been directed to fix a meeting with the factory management. Two cement plants at Barmana (Bilaspur district) and Darlaghat (Solan district) owned by ACC Limited and Ambuja Cements, respectively, have been closed since December 14 due to a dispute over freight charges. Taking a dig at BJP leaders, especially former chief minister Jai Ram Thakur on the issue of granting old pension scheme to the .

India's macro fundamentals unaffected by Adani FPO withdrawal: Sitharaman

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Saturday said India's macro fundamentals and economic image are not affected by the Adani Group's withdrawal of its Rs 20,000 crore FPO. In the last two days alone, USD 8 billion in forex came in, the finance minister said during a post-Budget press conference. "...our macro economic fundamentals or our economy's image, none of which has been affected. Yes, FPOs (follow-on public offers) come in, and FIIs get out," Sitharaman told reporters here. She said the regulators will do their job on the Adani issue. The Securities and Exchange Board of India (Sebi) has the wherewithal to ensure the stability of markets.

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Inside the 19-hour meltdown that scuttled Adani Group's $2.5 bn share sale

Adani chose to forgo short-term victory of nailing the follow-on offer to protect his longer-term relationships with marquee investors who otherwise were staring at some embarrassing mark-to-market

Ministry of Corporate Affairs reviews Adani Group's financial statements

India's ministry of corporate affairs has started a preliminary review of Adani Group's financial statements and other regulatory submissions made over the years

Adani exposure 2.4%, followed Indian laws, says France's Total Energies

The company also said that said it has not performed any re-evaluation of its holdings because of volatility in stock prices in Adani stocks

As Adani Group plans to prepay share pledges, its US dollar bonds rally

All 15 dollar-debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone had made coupon payments on schedule

Adani-hit Nifty ETFs unlikely to lose incremental flows to other indices

Advisors remain in favour of Nifty despite its recent underperformance to the Sensex

FY24 disinvestment target pragmatic, but challenging: Dipam Secy Pandey

'Privatisation processes are BMMP (bandwidth, market available, minority shareholders, and the process)', said Tuhin Kanta Pandey