Page 9 - Adani Group

Congress has lost opportunity by not supporting Oppn over Adani issue: AAP

The AAP on Monday attacked the Congress, saying the grand old party lost an opportunity by not supporting the Opposition in the fight over the issues of Adani and raids by central agencies. AAP national spokesperson Saurabh Bharadwaj also took a dig at Rahul Gandhi and said that Prime Minister Narendra Modi wins the elections as he gets to choose his competitor who is the former Congress chief. Bharadwaj made the remarks at a press conference here. When asked about the Congress not being a signatory to the letter written by some opposition leaders to PM Modi alleging "blatant misuse" of central agencies, the AAP leader said, "Congress had an opportunity to support the Opposition over the Adani issue and the CBI-ED raids. But they sided with the BJP." "They (Congress) are saying in 95 per cent of the cases the raids are wrong. What the Congress means by saying that is they (raids) are 95 per cent wrong when they happen with Congress leaders but are five per cent correct for other ..

Stock exchanges remove Adani Enterprises from short-term ASM framework

The move effective from March 8, will ease trading restrictions, such as higher margin requirements, while dealing in shares of AEL

Adani largest Indian investor in Australia, no impact on business: Envoy

Australian High Commissioner Barry O'Farrell on Monday said the Adani Group has successful businesses and continues to be the largest investor from India in Australia. Interacting with reporters here, O'Farrell said the impact of the Hindenburg report on the Adani Group is a matter for India's regulators and that there have been no reports about the business group ceasing operations in Australia. "Mr Adani's investments in Australia are fully functioning and fully providing the resources, whether it is clean energy or coal. There have been no reports that I have seen in Australia that his operations have ceased. So, he is still a significant investor from India in Australia," the envoy said in response to questions on the Adani Group. Adani Group operates a port terminal, coal mines and solar energy projects in Australia. The Australian envoy added that the Adani Group is probably the largest investor from India in Australia. "He has successful businesses in Australia. In countrie

Buoyed by $1.9 bn investment by GQG Partners, Adani rally enters 2nd week

Industry players said the GQG investment will provide a floor to Adani stocks and also ease concerns around promoter-share pledges

Sensex reclaims 60,000 mark, up 1,315 points in two trading sessions

Easing concerns around Fed hike, rise in Adani Group shares boost sentiment

Regulatory independence

Courts should not worry about financial market volatility

Why didn't Sebi get to bottom of issues raised by Hindenburg, asks Rajan

Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price. Adani Group has repeatedly denied all allegations. "The issue is of reducing non-transparent links between government and business, and of letting, indeed encouraging, regulators do their job. Why has SEBI not yet got to the bottom of the ownership of those Mauritius funds which have been holding and trading Adani stock? Does it need help from .

Had meeting with Adanis, happy about it: LIC chairman M R Kumar

LIC's exposure to the Adani group has been under scrutiny since the report by the US-based shortseller became public

Adani has $2 bn foreign-currency bonds coming up for repayment in 2024

The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group companies. Of this, USD 1.15 billion of bonds matured in 2020 and 2022. There are no maturities in 2023 but three issuances - USD 650 million by the ports arm APSEZ and two of renewable energy unit Adani Green Energy Ltd (USD 750 million and and USD 500 million - are due for payment in 2024. Adani group management, including group chief financial officer Jugeshinder Singh, last month held roadshows in Singapore and Hong Kong to reassure investors that the company's finances are under control. These are to be extended to Dubai, London and the US from March 7 to 15. Executives told investors they will addr

Congress alleges government granted 'monopolies' to the Adani Group

The Congress on Saturday alleged that the government has granted "monopolies" to the Adani Group, allowing it to "fleece" consumers who need to use essential infrastructure services such as airports and electricity. The opposition party also said that persistent demand for a JPC on the Adani issue was not to embarrass Prime Minister Narendra Modi but to unravel its full dimensions. Posing a set of three questions to Prime Minister Narendra Modi as part of the party's "Hum Adani ke Hain Kaun" series, Congress general secretary Jairam Ramesh said the focus of the posers was on how the "monopolies granted" to the Adani Group have allowed it to "fleece" consumers who need to use essential infrastructure services like airports and electricity. The Congress is persisting with its attack on the government weeks after Adani Group stocks took a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-pric

Markets soar over 1.5% as Adani Group concerns ease; bank stocks lead

All Adani group stocks rose on Friday, with flagship Adani Enterprises gaining the most at 17 per cent

Singapore monitors short-sellers after Adani Group-Hindenburg saga

The Singapore Exchange's regulatory arm may order an independent review if there are areas of concern, said Tharman, who also serves as minister in charge of the Monetary Authority of Singapore

European ESG funds sell more of their Adani Group shares, shows data

Shares bearing the Adani name now appear in about 480 so-called Article 8 funds - entities promising to promote environmental, social and governance goals under European Union rules

GQG Partners overweight on India; HDFC, ICICI Bank top holdings

Adani investment of Rs 15,446-crore is 2% of its total exposure

Adani Group stocks jump after US-based investment firm GQG Partners bet

All 10 group stocks rally as market sees $1.87-bn investment as vote of confidence

GQG Partners sees shares fall as much as 3% after Adani investment

In early trade, GQG shares were down by as much as 2.6% whereas the S&P/ASX200 benchmark index was up 0.4%

Life Insurance Corporation recoups losses as Adani Group shares rise

State-owned Life Insurance Corporation (LIC) has recouped losses on its investment in Adani Group stocks after shares of the apple-to-airport conglomerate rose for the third consecutive session. LIC holds shares in seven out of the 10 listed companies of the Adani Group. The shareholding ranges from 1.28 per cent in Adani Green Energy Ltd to 9.14 per cent in Adani Ports & SEZ Ltd, according to information available on stock exchanges. The rout in the Adani Group shares that followed US short seller Hindenburg Research releasing a damning report on January 24 led to LIC's investments turning negative a week back. Against a purchase price of Rs 30,127 crore, the value of shares LIC held in the Adani Group dropped to Rs 29,893.13 crore on February 24. But the rally in the Adani Group stocks after investors poured in money has reversed the situation. The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it ...

Hindenburg has its view, we disagree with it: GQG Partners' Rajiv Jain

Jain made it clear that he is always looking to "exploit the mispricing of long-tailed assets"

Icra downgrades outlook on Adani Ports, Adani Total to 'negative'

Affirms ratings on long-term loans of both firms

Adani back on investment track after Hindenburg, with mega plans in Andhra

Karan Adani announces two cement units, 15,000 MW of RE power project and 400 MW data centre in the state