Page 26 - Adani Group

Indian financial markets remain well-regulated: FM Nirmala Sitharaman

FM says banking system at comfortable level as bad loans hit new lows

Lawyer seeks probe in Hindenburg report in SC, calls it criminal conspiracy

A PIL has been moved in the Supreme Court seeking a direction to the Centre and the SEBI to inquire into alleged "criminal conspiracy" behind the Hindenburg report into Adani Group of companies

LIVE: Police busting auto lifter gang, arms supply cartels and theft racket

Catch all the live updates from across the globe here

Bank of Baroda Q3 net up 75%; exposure to Adani Group well below RBI cap

Bank management says, exposure to Adani Group well below the ceiling prescribed by RBI under large exposure framework

Indian capitalism's stress test

The Adani crisis is the greatest stress test for Indian capitalism yet. So far, India has passed it, with almost 10/10

Some of the world's richest people exposed to Adani rout, market turmoil

Upheaval gripping AEL may expose billionaires, including Wilmar International, controlled by family of the richest person of Malaysia and world's second-richest Walton family, to the market turmoil

Boris Johnson's brother resigns from Adani-linked co post Hindenburg report

Jo Johnson resigned from the role this week, according to a regulatory filing. He was appointed in June 2022

Adani rout eases, some relief after companies' market value almost halves

Friday was a relatively less damaging day in the stock rout that's wiped out about $112 billion from 10 Adani Group firms since US-based Hindenburg report

RBI says 'banking sector remains resilient, stable' amid Adani stocks rout

Amid concerns over banks' exposure to the embattled Adani Group, the Reserve Bank on Friday said India's banking sector is resilient and stable, and the central bank maintains constant vigil on the lenders. Responding to media reports expressing concern about the exposure of Indian banks to a "business conglomerate", the Reserve Bank said in a statement that it is constantly monitoring the banking sector. However, the RBI did not name the Adani Group. As per the current assessment, the RBI said, "the banking sector remains resilient and stable. Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy." "As the regulator and supervisor, the RBI maintains a constant vigil on the banking sector and on individual banks with a view to maintain financial stability. The RBI has a Central Repository of Information on Large Credits (CRILC) database system where the banks report their exposure of Rs 5 crore and above which is

Adani row: Opposition wants a probe while govt gets into defensive mode

Internally, opposition feels it might be better to focus on an SC-monitored probe, as given its majority in both houses, advantage in a JPC might rest with BJP

PIL in SC seeks prosecution for 'artificial crashing' of Adani stock value

A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the "artificial crashing" of the Adani Group's stock value in the market. Hindenburg engages in activist short selling, which involves selling borrowed stocks with the hope of buying the same at a lower price later. If the prices fall on the expected lines, the short sellers make a killing. The investment research firm, which invests its own capital, takes such bets based on its research, which looks for "man-made disasters" such as accounting irregularities, mismanagement and undisclosed related-party transactions. The public interest litigation (PIL) matter filed by advocate ML Sharma also seeks directions for declaring short selling an offence of fraud against the investors, to be prosecutable under section 420 (cheating) of the Indian Penal Code (IPC), read .

Dollar bonds of Adani Group extend gains even after Moody's warning

The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday

Adani group's bonds rally as billionaire moves to restore confidence

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

RBI asks banks to share information on exposure to Adani Group companies

Indian lenders have around Rs 80,000 cr exposure in conglomerate, marking 38% of the conglomerate's total debt

'No need for concern over SBI, LIC exposures': Fin Secy on Adani stock rout

India's finance secretary, when asked about the Adani Group companies' stock rout, said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or LIC

Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

Not re-evaluating investment in Adani companies, says TotalEnergies

French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings because of volatility in stock prices following allegations of fraud. In a statement, the French firm said its investment in Adani group entities were undertaken in full compliance with the Indian laws and its own internal governance processes. The company has a 37.4 per cent stake in Adani Total Gas Ltd and a 20 per cent holding in Adani Green Energy Ltd.

Adani stock plunge can hurt group's ability to raise debt, says Moody

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

Lok Sabha adjourned amid opposition's protests over Adani Group issue

The Lok Sabha was adjourned for the day on Friday amid protests by Congress-led opposition demanding probe into Hindenburg's report alleging fraud against Adani group.

Exposure to Adani Group is limited, not re-evaluating stakes: TotalEnergies

Total has a 37.4% stake in Adani Total Gas (ATGL) and a 19.75% stake in Adani Green Energy (AGEL), according to its statement on Friday