Page 6 - Gautam Adani

Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout

Holding back on investments for even as little as three months could save the conglomerate as much as $3 bn- funds that can be deployed to pay down debt or boost the cash pile, said another person

No breach of law by entities being linked to Adani Group: Mauritius

Its market regulator yet to share prelim report with India

Adani saga: Easy come, easy go

The story of "sudden volatility" isn't so sudden and starts in mid-2020, except that it was upward volatility then

The House and Adani: Second half of Budget session will resume on March 14

If the first half of the Parliament session is any indication, for the matter to have traction, BJP leaders will have to get a crash course on the allegations made by Hindenburg

The Adani saga: What it means for Indian banks

Globally, for infrastructure projects, the construction risk is borne by the bond market; the banks step in at a later stage when they can smell the cash flow

Adani-Hindenburg row: Supreme Court for expert panel on investors' safety

Court asked regulator to file response detailing how a strong framework can be put in place

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Adani Group reels after report from US based short-seller Hindenburg

NEW DELHI (Reuters) - Indian tycoon Gautam Adani's conglomerate has been pummelled by a stock rout and come under increasing scrutiny after U.S. short-seller Hindenburg Research

Adani Green, Adani Transmission, Adani Total Gas hit 52-week lows

Adani Ports and Special Economic Zone, Adani Wilmar, ACC, Ambuja Cements and New Delhi Television (NDTV) are down in the range of 1 per cent to 5 per cent.

Hindenburg's accusations against Adani Group put money-laundering in focus

A more than $100 billion rout in the share prices of the highly leveraged infrastructure owner has the potential to spark a broader contagion, especially if the local banking system gets infected

Stocks of Adani Group remain in MSCI indices after quarterly review

It is still unclear whether the index provider has adjusted weightings of any of the group's stocks in its equity gauges in its latest review

Fresh troubles: Adani Group stocks decline on MSCI free float review

Questions 'characteristics' of certain investors; validation of findings, says Hindenburg founder

SC to hear plea seeking probe into Hindenburg report on Friday

The Supreme Court has agreed to hear on Friday a plea seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to inquire and investigate into the Hindenburg Research report which has made a slew of allegations against the business conglomerate led by industrialist Gautam Adani. Advocate Vishal Tiwari, who has filed the petition, mentioned the matter for urgent listing before a bench headed by Chief Justice D Y Chandrachud on Thursday. Tiwari told the bench, also comprising Justices P S Narasimha and J B Pardiwala, that a separate plea filed on the issue is scheduled to be listed for hearing on February 10. He urged the bench that his plea be also heard on Friday along with the separate plea. In his public interest litigation (PIL), Tiwari has also sought directions to set up a special committee to oversee the sanction policy for loans of over Rs 500 crore given to big corporates. Last week, another PIL was filed in the apex court by advo

Adani Total Gas net profit rises by 13% despite rise in input cost

Adani Total Gas Ltd -- the joint venture of Adani group and TotalEnergies of France which retails CNG to automobiles and piped gas to households -- on Thursday reported a 13 per cent increase in net profit as sales rose. Net profit of Rs 148 crore in October-December compares to Rs 132 crore earnings in the same period a year back, the company said in a statement. Revenue from operations rose to Rs 1,186 crore from Rs 932 crore. CNG sales climbed 15 per cent to 116 million standard cubic metres while piped natural gas (PNG) sales dropped 23 per cent to 70 mmscm. The profitability rose despite a 27 per cent jump in cost of natural gas it converts into CNG and piped natural gas. "During the quarter, ATGL has delivered a good performance with its calibrated approach despite the high input gas price scenario," said Suresh P Manglani, CEO of the company. While the gas sector has been seeing volatility in prices due to geopolitical issues, moderation in the international gas prices in

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Adani faced margin call on $1.1 bn loan before repaying in full: Report

According to the report, the repayment was meant to avoid any further damage to investor confidence

Sustainalytics downgrades three Adani companies' governance scores

The changes would not have a major impact on the overall risk scores, a Sustainalytics director said

A Raja slams govt for not refuting Opposition's allegations on Adani

DMK leader A Raja claimed on Thursday that the opposition's allegations about businessman Gautam Adani stand true as the government has not "refuted" them. Participating in a discussion on the Union Budget for 2023-24, Raja said the claim of the government that it was the representative of 140 crore people of the country was also not true as the opposition has more than 200 MPs in Lok Sabha. "The allegations made by the opposition were not refuted at all by the government. Since it was not refuted, it stands true," he said. The opposition, including the Congress and the Dravida Munnetra Kazhagam (DMK), has stalled the proceedings of both Houses of Parliament for three days of the Budget Session, demanding a joint parliamentary committee probe into the fraud-allegation-triggered rout in Adani Group company stocks, before participating in the debate on the motion of thanks on the President's address. Raja said that out of the total MPs of the Lok Sabha, more than 200 belong to the ..

Cong MP's notice in LS, seeks details on PM's 'foreign travels with Adani'

The notice says, Discussion on Prime Minister's foreign travel with industrialist Gautam Adani and the benefit the group received in foreign tenders.

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year