Page 31 - Adani Group

All-party meet ahead of Budget session, opposition raises Adani issue

The government on Monday said it was willing to discuss every issue under rules during the Budget Session of Parliament and sought the support of the Opposition in running the proceedings smoothly. Briefing the media after an all-party meeting convened by the government ahead of the Budget Session beginning Tuesday, Parliamentary Affairs Minister Pralhad Joshi said the government was willing to discuss every issue in Parliament under rules. "We seek Opposition's cooperation" in running the House smoothly. At the meet, Aam Aadmi Party's Sanjay Singh, RJD's Manoj Jha, DMK, Left parties and others raise the Adani issue and sought discussion on it in Parliament during the session. The US-based short seller Hindenburg Research has accused the Adani Group of wrongdoing like stock manipulation. The company has dismissed the allegations as "nothing but a lie". The YSR Congress demanded a nationwide caste-based economic census at the meet. It is necessary to know the economic status of ...

Sensex ends in green first time in three days, after 945-point swing

Adani rout, budget, Fed meet keep investors on tenterhooks

Adani group's market rout hits $72 bn as fight with Hindenburg escalates

The three-day selloff has now erased nearly $72 billion of market value amid a share sale by Adani's flagship that was meant to underline the tycoon's ascension on the global stage

Adani Group CFO says stocks rout similar to colonial-era massacre

'This is not merely an unwarranted attack on any specific company but a calculated attack on India'

Hindenburg vs Adani: Meet Nate Anderson, founder of Hindenburg Research

Anderson shot to fame in 2020 when Hindenburg Research released a report on electric vehicle maker Nikola alleging that the company was 'misrepresenting' the technology

LIC claims its equity exposure in Adani Group at 0.97% of total AUM

The Life Insurance Corporation (LIC) of India has claimed it has almost doubled its wealth invested in Adani group asset investments over the period

Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

Indian shares slip, tracking financials as Adani stocks extend slide

The Nifty 50 index was down 0.98% at 17,432.45 as of 1:58 p.m. IST, while the S&P BSE Sensex fell 0.91% to 58,792.16. Both indexes had gained 0.6% earlier in the session

Sensex ends choppy day 170 pts up, Nifty at 17,650; IT stocks lead gains

Closing Bell: Broader markets trailed gains in benchmark indices. The BSE Midcap and Smallcap indices closed up to 0.2 per cent lower

Maybank says no impact from subscription to Adani's share offering

Subscriptions to Adani Enterprises' offering were client subscriptions and fully funded by client funds, the bank told Reuters in an emailed statement

Adani rebuttal to Hindenburg fails to stem concern, bond plunge quickens

Hindenburg said last week that it had taken a short position in Adani's companies through US-traded bonds and non-Indian-traded derivative instruments

Adani strikes back at Hindenburg. But can he win the perception war?

The Adani group has lost $50 billion in stock-market value over two trading days

Adani Enterprises zooms 10% post clarification, other group stocks mixed

Adani Ports and Special Economic Zone (Rs 658.45) and Ambuja Cements (Rs 419.25), too, were locked in their respective 10 per cent upper circuits

Singapore's Temasek remains invested in Adani Ports: Media report

Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate is facing criticism from a US-based forensics research institution, according to a media report. Temasek remains invested in Adani Ports, as per their latest public shareholding disclosures, The Straits Times reported on Monday, citing a spokesman for the 49-year-old state-owned investor which has USD 496.59 billion in assets under management as of December 2022. Temasek, through its subsidiary Camas Investments, owns just over 1.2 per cent in Adani Port, the Singapore broadsheet reported, citing the company's shareholder information. The stake was acquired in 2018 for around SGD 147 million. The Temasek spokesman also said the group does not comment on market speculation. The Adani Group also runs an edible oil and food business in India called Adani Wilmar via a joint venture with Singapore-listed Wilmar International. The Group h

Adani group hits back at Hindenburg, insists made full disclosure

Adani's response stated that over the past decade, its group companies have "consistently de-levered"

Top headlines: All eyes on growth in Budget, road project push, and more

Business Standard brings you the top headlines at this hour

CPI(M) demands high-level probe against Adani over short selling report

The CPI (M) on Sunday demanded a high-level enquiry into alleged irregularities levelled by a US-based investment research firm against the Adani Group, which however has denied the charges. The Left party's general secretary Sitaram Yechury asserted that the enquiry should be monitored by the Supreme Court. "The CPI(M) today demands that the Centre constitute a high-level enquiry team, involving all concerned ministries. The probe should be monitored by the Supreme Court on a day-to-day basis till the enquiry is completed. The interest of the country has to be protected," Yechury told reporters here. The US-based firm Hindenburg Research, earlier this week, released a report and alleged that the Adani Group had "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades". The disclosure sparked a USD 51-billion sell-off in shares of the group companies over two trading sessions. The Adani group has, however, rubbished the charges and termed the

Stocks to Watch: Adani Group, Bajaj Finance, Zomato, Tata Motors, L&T, NMDC

Stocks to watch today: In a 413-page document, Adani retaliated against the American short-seller, saying the document was a "malicious combination of selective misinformation and concealed facts"

Gautam Adani's $2.5 bn share sale faces crucial day after rout in stocks

For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man

Securities fraud by the 'Madoffs of Manhattan', says Adani group

It further said the report by Hindenburg Research is nothing but a lie