Page 6 - Adani Group

Parliament logjam on; Rahul says he has right to respond to allegations

The logjam in Parliament continued for the fourth successive day on Thursday with the ruling BJP and opposition parties sticking to their stands

NSE, BSE remove 3 Adani group stocks from short-term surveillance

The National Stock Exchange (NSE) and the BSE has announced that three Adani group companies -- Adani Enterprises, Adani Power and Adani Wilmar -- will move out of the short-term additional surveillance measure (ASM). The stocks will be excluded from the short-term ASM framework with effect from March 17, according to separate circulars available on the exchanges. The NSE and the BSE had put the three Adani group firms, including the flagship firm Adani Enterprises, under the ASM framework on March 8. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. In addition, the NSE said that on these securities, "margins to be restored prior to ASM on all existing derivative contracts." Tata Teleservices (Maharashtra) Ltd (TTML) is also another stock that was excluded from the framework. "Applicable rate of margin shall be 50 per cent or existing margin ..

Vinod Adani is part of promoter group of listed entities: Adani group

Vinod Adani, the little known elder brother of Adani group founder Gautam Adani, is part of the promoter group, the conglomerate has said after questions were raised about his status following short seller Hindenburg Research naming him prominently in its scathing report on the Adani group. "We would like to submit that Gautam Adani and Rajesh Adani are individual promoters of various listed entities within the Adani group and Vinod Adani is an immediate relative of the individual promoters," the group's flagship Adani Enterprises said in a stock exchange filing on Thursday. Accordingly, as per the applicable Indian regulations, "Vinod Adani is part of the 'promoter group' of various listed entities within the Adani group." In response to Hindenburg questioning the role of Vinod Adani, 74, in the Adani group where it alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices, the apples-to-airport conglomerate had in January

Rahul Gandhi seeks to speak in the Lok Sabha, BJP demands apology

The Congress and other Opposition parties are unlikely to back down from the demand for a JPC into the Adani affair and the Hindenburg Research report

Govt not letting Parliament run to avoid discussion on Adani issue: Kharge

Congress president Mallikarjun Kharge on Thursday accused the government of instigating the Opposition and not letting Parliament function to avoid a discussion on the Adani issue and its "failures". He also reiterated that there is no question of an apology over Rahul Gandhi's remarks in the UK. Gandhi's remarks during his recent trip to the United Kingdom have rocked Parliament, with both Houses failing to transact any significant business on the first three days of the Budget session's second half. "Is there untouchability or not, it is there, so if someone goes abroad that person will talk about itlikewise democracy is being trampled upon, we were demonstrating peacefully yesterday, who stopped us? They put women constables in the front to try and stop us," Kharge alleged. The Congress along with several other opposition parties had taken out a protest march from Parliament House to hand over a complaint to the Enforcement Directorate on the Adani issue on Wednesday. However,

Rahul to be in Parliament, impasse between opposition, govt unlikely to end

Opposition MPs from both the houses have given adjournment notices on demand of JPC in Hindenburg Adani row

LS, RS face disruptions, oppn to intensify pressure over Adani, Rahul row

Opposition parties sought to build pressure on their demand and embarked on a protest march to Enforcement Directorate (ED) office

Oppn writes to ED for probe against Adani after cops block protest march

Cops cut short protest march to ED office

Adani Transmission Ltd certified as single-use plastic-free company

Adani Transmission Ltd has been recognised as a 'single-use plastic-free' company by the Confederation of Indian Industry-ITC Centre of Excellence for Sustainable Development. The company has been certified for its successful voluntary implementation of single-use plastic-free measures within its 37 operational locations spread across 10 states of the country. This certificate is valid from February 22, 2023 to February 21, 2024, according to a company statement. "Adani Transmission Ltd (ATL) has been recognised as 'Single-use Plastic Free'," it said. A total of 37 ATL operational sites, i.e., 30 substations and 7 transmission line clusters, including stores, have been certified as "Single-use Plastic Free", it added. With this certification in its kitty, ATL has become the first Indian electrical utility to earn "Zero Waste to Landfill certification", "Water Positive certification," and "Single-use Plastic Free Company" added to its laurels, the statement said.

Oppn leaders stopped by Delhi Police on way to ED office over Adani issue

Delhi Police on Wednesday erected barricades and stopped leaders of several opposition parties marching towards the ED office here from Parliament House demanding a JPC probe into the Adani issue, saying prohibitory orders under Section 144 of the CrPC were in place in the area. The opposition leaders were stopped near Vijay Chowk in Lutyens' Delhi. Police made regular announcements using loudspeakers and urged the protesting MPs to vacate the area as CrPC Section 144, which prohibits the assembly of four or more people in an area, was in effect. When the leaders could not move past the barricade, they called off their march and returned to Parliament House. A senior police officer said earlier in the day that the police had made adequate security arrangements outside the ED office in view of the protest march. The leaders wanted to hand over a complaint to the Enforcement Directorate on the Adani-Hindenburg issue. Before starting their march, the leaders met in the office of Lea

Adani issue: Oppn writes to ED, says agency can't abdicate its jurisdiction

Leaders of several opposition parties on Wednesday urged the Enforcement Directorate (ED) to initiate an investigation into the Adani Group over allegations of corrupt practices, including money laundering through shell companies. In a letter emailed to the ED Director S K Mishra, the parties told the probe agency that "it cannot turn around and abdicate its jurisdiction". The letter as signed by leaders of the Congress, CPI, CPI-M, JDU, SS (UBT), RJD, DMK, JMM, AAP, IUML, VCK, Kerala Congress and others. Leaders of several opposition parties were stopped by the police at Vijay Chowk here as they took out a protest march from Parliament House to hand over a complaint to the Enforcement Directorate on the Adani issue. In their letter to the ED, the opposition leaders said, "We are acutely aware of how in the recent past, the ED has also zealously pursued cases of alleged political favouritism, including sharing concurrent jurisdiction with SEBI and CBI. We are also aware of the limi

Probe in Adani issue: Opposition stages march from Parliament to ED office

The parties, led by Congress, demanded authorities to hand over the complaint to the probe agency on the Adani issue

Congress' Pramod Tiwari gives business notice suspension in RS on Adani row

Earlier on Tuesday, for the second consecutive day, the Rajya Sabha faced adjournment amid pandemonium as treasury benches sought an apology from Congress leader Rahul Gandhi for his remarks in London

Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

All Adani stocks end in red amid weakness in market, 6 hit lower limit

Overall, the ports-to-power conglomerate's market value fell by Rs 44,296 crore to Rs 8.93 trillion

Mutual funds pare holdings in Adani Group stocks in February, shows data

Ambuja Cements and Adani Enterprises were also among the top five large-cap companies that witnessed selling by MFs

Logjam continues in Parliament over Rahul Gandhi remarks, Adani issue

Terming it as a non-issue, Giriraj Singh said, "Adani-Ambani is just an excuse, they just want to abuse Modi".

Cong demands JPC into Adani row, blames govt for impasse in Parliament

The Congress on Tuesday said the Modi government's refusal to allow the Opposition to raise its demand for a JPC into the Adani issue was to be blamed for the impasse in Parliament. Amidst stepped up opposition demand for a Joint Parliamentary Committee (JPC) probe into the Adani issue, Congress leader Rahul Gandhi levelled a slew of allegations against the Modi government on its foreign policy and claimed that it was aimed at benefiting the Adani Group. "Is the objective of India's foreign policy to make Adani richer? In the last nine years, Modi ji has kept India in 'bhram (misled)' and Adani in 'vishwa bhraman (global travel)' along with him," Gandhi alleged in a video in Hindi. Asked about Congress' allegations, Union minister Giriraj Singh said, "Adani had made it clear that the first break was given to him was given by (Congress CM) Chimanbhai Patel...the second break was given by Rajiv Gandhi. (They believe that) if Adani does development for the country then it should be onl

Cong, BRS, AAP move suspension of business notice in RS on Adani row

Members of Congress, BRS and AAP on Tuesday moved suspension of business notice in the Rajya Sabha under rule 267 demanding a Joint Parliamentary Committee (JPC) probe into the Hindenburg-Adani row

Fitch Affirms 'BBB-' ratings for Adani Electricity Mumbai's dollar bond

Hindenburg report has limited near-term impact on cost of funding