Page 32 - Adani Group

Adani's $2.5 billion share sale faces crucial day after Indian rout

Adani faces a critical day on Monday with his flagship company's $2.5 bn share sale's second day of bidding overshadowed by a $48 bn rout in his stocks which was sparked by a US short seller's report

The emperor's new valuation

Short-sellers have a role to play in market processes - but it is regulators that really make markets move

Time to spur Vizhinjam project to avoid Ever Alots giving India wide berth

Myriad issues like recent protests by the fisherfolk, back-to-back floods in Kerala, Cyclone Ockhi have taken wind out of Adani Group's sails, forcing its Rs 7,500-cr project to move at snail's pace

Adani risk casts doubt on Wall Street's star emerging-market bet

The Adani Group dismissed the report as "maliciously mischievous" and said it's exploring legal action

Kidnapped for ransom, 26/11 survivor Adani faces his biggest challenge yet

He was kidnapped by bandits in 1998 for ransom and when terrorists attacked Mumbai almost 11 years later, he was among the hostages held at the seafront Taj Hotel. College-dropout Gautam Adani's knack of surviving crises and his business acumen has propelled him to the ranks of India's richest but he now faces possibly the biggest challenge of his career. Hindenburg Research, a tiny New York firm that specialises in short selling, brought out a scathing report that has led to his group shedding more than USD 50 billion in market value in just two trading sessions and Adani himself losing in excess of USD 20 billion, or about one-fifth of his total fortune. The 60-year-old tycoon has now slipped behind Bill Gates and Warren Buffett to be the seventh-richest person in the world from the pre-Hindenburg position of being the third richest. More than his personal status, at stake is the reputation of an empire the first-generation entrepreneur built over three-and-half decades. The ...

TMS Ep357: Maruti Suzuki EV, bank workweek, Adani stocks, lab-grown meat

What made Maruti Suzuki join the EV party? Is it time for banks to have a five-day workweek? Will Adani Group stocks see more sell-off? What is lab-grown meat? All answers here

Congress seeks probe after report raises concerns over Adani Group shares

The Congress called for an investigation after a US-based research firm in its report raised concerns about the possibility of shares of Adani Group companies declining from their current levels

Top headlines: Adani counters Hindenburg charges, rupee undervalued by 40%

Business Standard brings you the top headlines at this hour

As short selling report roils markets, SBI defends exposure to Adani Group

Indias largest lender State Bank of India (SBI) said that its exposure to the Adani Group was well below the RBI's Large Exposure Framework and was secured by cash generating assets

Market regulator Sebi increases scrutiny of Adani group deals: Sources

The regulator had sought clarity from the group on these entities when the group approached it for regulatory clearance last year. These responses are under regulatory examination, sources said

Best of BS Opinion: Hindenburg flames again, the case for baby RBIs & more

India's stock markets face a big shock. And should the central bank be unbundled? Our weekend fare

Cloud over Adani Enterprises FPO as stock dips 11-15% below offer

Offer garners just 1% subscription on opening day, with bids worth just Rs 150 cr vs Rs 14,908 cr on offer

Adani stock rout roils markets; Sensex falls 874 pts, Nifty ends at 17,600

Group loses $50 bn in m-cap in two sessions; Contagion fear drags market, banking stocks

Exposure to Adani group well below limit, says State Bank of India

Lender says all exposures secured by cash generating assets, and debt service will not be a challenge

Carnage in Adani group stocks shaves off Rs 24,000 cr from LIC, MF wealth

Adani group stocks have seen an overall erosion of Rs 4.18 trillion ($50 billion) of market value

As market capitalisation takes a beating, Adani group slips to No. 3

Total m-cap lowest since March 2022 after 2-day decline

Hindenburg's hydrogen connection

It is ironic that a research outfit that has accused the Adani group of financial manipulation is named after a disaster that continues to haunt the world's hydrogen ambitions

Sell-off in Adani, bank stocks turn investors poorer by Rs 11 trn in 2 days

The sell-off in Adani Group firms has wiped out $45 billion of investors' wealth over the last two sessions after Hindenburg Research alleged "brazen stock manipulation"

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level

Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.