Page 8 - Gautam Adani

Billionaire Gautam Adani's bonds are a soft target with hard assets

To know whether Adani is more likely to float than sink, bondholders are turning to rating companies, advisers and lawyers

Gautam Adani's crisis points to the big risk in India's net zero plan

Led by Adani's $70 billion pledged investment in green energy infrastructure, India's tycoons have so far committed to spend far more than the government on the energy transition

Centre should show same kind of love it has for Adani to common people: KCR

Telangana Chief Minister K Chandrasekhar Rao on Sunday demanded Adani Group's "scam" be discussed in a Joint Parliamentary Committee (JPC) as he targeted the Centre over the import of coal and its "love" for Adani. He claimed the Centre is pressuring Life Insurance Corporation to make a false statement over its exposure in the Adani Group. The Indian banking system is involved in this problem and the whole country is worried, he alleged. Addressing a press conference in Nanded city of Maharashtra after speaking at a public rally, Rao, who heads Bharat Rashtra Samithi (BRS), alleged the Centre is forcing states to import coal which is supplied only by Adani Group. The import of coal is akin to "cheating" the country, and the BRS will change this scenario after coming to power, he said. "It is my request to the Prime Minister that Adani Group is involved in such a big scam and it should be discussed in a joint parliamentary committee. Almost Rs 10 lakh crore has been evaporated," he

Congress to hold countrywide protest tomorrow over Adani vs Hindenburg row

Amid the ongoing Hindenburg-Adani row, the Congress will launch protests from the Parliament to the streets on Monday

Neither macro fundamentals nor country's image impacted by Adani saga: FM

Banks have an exposure of Rs 80,000 crore to the conglomerate, with the SBI leading the pack with Rs 27,000 crore

Congress to ask three questions daily related to Adani issue to PM Modi

The Congress on Sunday said that it will ask three questions a day related to Adani issue to the Prime Minister. The Congress said that after Panama Papers leak no action was taken despite assurance

Modi, govt cannot hide from questions saying Hum Adani Ke Hain Kaun: Cong

The Congress on Sunday stepped up its attack on the Centre over allegations against the Adani group, alleging that the Modi government's "loud silence" over the issue "smacks of collusion". Adani group stocks have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. In a statement, Congress General Secretary (Communications) Jairam Ramesh said that starting Sunday the Congress will pose three questions a day to Prime Minister Narendra Modi over the issue. He said that amid the allegations against the Adani Group, the Modi government has maintained a "loud silence which smacks of collusion". Ramesh said that in a response to the Panama Papers expose on April 4, 2016, the Ministry of Finance had announced that Modi had personally directed a multi-agency investigative group to monitor financial flows to and from offshore tax ...

Top headlines: Govt gets 33% stake in Vi; AI, AirAsia to tweak flight path

Business Standard brings you the top headlines at this hour

Inside the 19-hour meltdown that scuttled Adani Group's $2.5 bn share sale

Adani chose to forgo short-term victory of nailing the follow-on offer to protect his longer-term relationships with marquee investors who otherwise were staring at some embarrassing mark-to-market

LIVE: Police busting auto lifter gang, arms supply cartels and theft racket

Catch all the live updates from across the globe here

Indian capitalism's stress test

The Adani crisis is the greatest stress test for Indian capitalism yet. So far, India has passed it, with almost 10/10

Some of the world's richest people exposed to Adani rout, market turmoil

Upheaval gripping AEL may expose billionaires, including Wilmar International, controlled by family of the richest person of Malaysia and world's second-richest Walton family, to the market turmoil

The stakes get bigger: Why Gautam Adani had to re-assess his position

A fight could have spread effects not only on those who financed the projects Adani embarked on, but also the govt's manufacturing and infrastructure ambitions, writes T N Ninan

Adani group's bonds rally as billionaire moves to restore confidence

All 15 dollar debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone Ltd. had made coupon payments on schedule

Oppn's demand for JPC probe into Adani issue not justified: Jethmalani

BJP MP Mahesh Jethmalani on Friday dismissed the Opposition's allegation that investments by LIC in the Adani Group were made at the government's behest and said there was no justification to the demands for a joint parliamentary committee probe into the matter. Lok Sabha and Rajya Sabha proceedings were adjourned till 2 pm and 2:30 pm, respectively, on Friday due to protests by opposition members into the fraud-allegation-triggered rout in the group's stocks, with members in the Lower House demanding a probe by a joint parliamentary committee (JPC). Wrongdoing in these investments, if any, would be probed by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), the Rajya Sabha member said. "What does the government have to do with this? Nobody has said what the government's role is in this. LIC (Life Insurance Corporation) is an independent organisation. They have decided to make some investments," Jethmalani said. "The SEBI and the RBI will look i

No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch

Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters

Budget 2023: What does the announcement related to P-notes indicate?

Clearly, the govt is worried about inflows in 2022 because of the global economic uncertainty and has decided to encourage inflows via any means possible, PNs included

The decision on FPO will not have any impact on our operations: Adani

Adani Enterprises to review capital raising plans once shares stabilise

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Amid Adani vs Hindenburg row, Cong President Kharge calls opposition meet

Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge called for a meeting of opposition parties on Friday to chalk out a strategy over research group Hindenburg's report on the Adani Group