Page 27 - Adani Group

Lok Sabha adjourned for a day due to Opposition's protest over Adani issue

Lok Sabha proceedings were adjourned for the day on Friday as Opposition members raised slogans demanding a discussion and a joint parliamentary committee probe into the fraud-allegation-triggered rout in Adani Group company stocks. Soon after the House met for the day, Opposition members were on their feet shouting slogans and demanding a probe into the tanking of the Adani Group scrips and sought a probe into the business practices of the corporate giant. Speaker Om Birla appealed to members to stop their protests and participate in the discussions. However, an unrelenting Opposition continued their protests and sloganeering, forcing the speaker to adjourn the proceedings till 2 pm. After the House met for the second time in the day, opposition members continued with their demand. Amid sloganeering, Rajendra Agarwal, who was in the Chair, allowed the laying of parliamentary papers in the House. Agarwal also appealed to Opposition members to go back to their seats and allow ...

Portion of Adani Group's capital expenditure is deferrable: Moody's

Moody's also said the adverse developments relating to the Adani Group - rapid decline in market value of the group company's shares- will impact the group's ability to raise capital

Oppn's demand for JPC probe into Adani issue not justified: Jethmalani

BJP MP Mahesh Jethmalani on Friday dismissed the Opposition's allegation that investments by LIC in the Adani Group were made at the government's behest and said there was no justification to the demands for a joint parliamentary committee probe into the matter. Lok Sabha and Rajya Sabha proceedings were adjourned till 2 pm and 2:30 pm, respectively, on Friday due to protests by opposition members into the fraud-allegation-triggered rout in the group's stocks, with members in the Lower House demanding a probe by a joint parliamentary committee (JPC). Wrongdoing in these investments, if any, would be probed by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), the Rajya Sabha member said. "What does the government have to do with this? Nobody has said what the government's role is in this. LIC (Life Insurance Corporation) is an independent organisation. They have decided to make some investments," Jethmalani said. "The SEBI and the RBI will look i

No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch

Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters

Rout wipes out more than half the value of Adani firms after Hindenburg rpt

More than $118 billion was erased from the market capitalization of his 10 stocks since US-based Hindenburg claimed last week that offshore shell entities were used to inflate revenues

Budget 2023: What does the announcement related to P-notes indicate?

Clearly, the govt is worried about inflows in 2022 because of the global economic uncertainty and has decided to encourage inflows via any means possible, PNs included

Govt doesn't want discussion on issues it feels would embarrass it: Tharoor

The Narendra Modi dispensation has been "stalling" the Opposition's demand for discussions on every issue which it feels would embarrass it, Congress MP Shashi Tharoor alleged Friday, slamming the government for "not allowing" discussion in Parliament on Adani Group stock rout. Lok Sabha proceedings were adjourned till 2 pm on Friday due to protests by opposition members demanding a probe by a joint parliamentary committee into the fraud-allegation-triggered rout in Adani Group company stocks. The Thiruvananthapuram MP said Parliament is a place to discuss issues facing the nation so that people can see "the concerns of the MPs and what the MPs are focussing on". "Sadly, however, our government doesn't see the merit of it. So they are stalling (discussions). As a result, now we have lost two days," he charged. "All the opposition parties unitedly want to discuss this (Adani Group issue) extremely important issue as it affects the citizens of this country. They believe that this is

Lok Sabha adjourned till 2 pm, Rajya Sabha till 2:30 pm over Adani issue

Lok Sabha proceedings were adjourned till 2 pm on Friday due to opposition protests demanding a joint parliamentary committee probe into the fraud-allegation-triggered rout in Adani Group company stocks. Soon after the House met for the day, opposition members were on their feet shouting slogans and demanding a probe into the tanking of the Adani Group scrips and sought a probe into the business practices of the corporate giant. Speaker Om Birla appealed to members to participate in the discussions during the Question Hour, which he termed as significant. He said the House will take up the Motion of Thanks to the president for her address at the beginning of the Budget session. Birla said as it was the first address to the joint sitting of the House by the country's first tribal woman president, all members should participate in it. He said he was ready to give the opposition enough time to raise their issues if they give proper notice. However, an unrelenting opposition continue

16 Oppn parties meet in Parliament seeking discussion on Adani stock rout

At least 16 Opposition parties met on Friday morning to coordinate their strategy in Parliament and decided to step up their attack on the government, demanding an immediate discussion on the issue of Adani stock rout. The meeting came a day after they unitedly led the charge against the government over the issue and stalled both houses of Parliament on Thursday. Various opposition parties have demanded a Joint Parliamentary Committee probe or a Supreme Court-monitored committee investigation into the Adani issue while also seeking a discussion on it in Parliament. The opposition leaders said they want a discussion on the Adani issue and if not allowed, they will protest inside the House, sources said. Among the 16 parties whose leaders met in the chamber of Leader of Opposition in Rajya Sabha Mallikarjun Kharge include the Congress, DMK, SP, AAP, BRS, Shiv Sena, RJD, JDU, CPIM, CPI, NCP, NC, IUML, Kerala Congress (Jose Mani), KC (Thomas), and the RSP. Congress leader Jairam Rames

The decision on FPO will not have any impact on our operations: Adani

Adani Enterprises to review capital raising plans once shares stabilise

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Amid Adani vs Hindenburg row, Cong President Kharge calls opposition meet

Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge called for a meeting of opposition parties on Friday to chalk out a strategy over research group Hindenburg's report on the Adani Group

Parliament likely to witness disruptions over Adani issue for 2nd day

The opposition parties had stalled proceedings on Thursday over the issue and according to sources aware of developments, disruptions are likely to continue

Adani Enterprises shares removed from Dow Jones Sustainability Indices

Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud

Top headlines: Adani group ratings under surveillance, Rs 8,083 cr for PLIs

Business Standard brings you the top headlines at this hour

Gautam Adani in talks to prepay share pledges to boost confidence: Report

The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person

Gautam Adani backers from New York to Tokyo dissect and limit exposure

The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research's fraud allegations last week

Adani's $108 billion crisis shakes foreign investors' faith in India

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins

TMS Ep361: Adani Group, Adani-Hindenburg saga, Budget impact, Budget terms

What's next for the Adani group? How will the Adani-Hindenburg saga unfold? Can Budget ease Adani-inflicted pain on Dalal Street? Five Budget terms you should know about. All answers here