Page 9 - Gautam Adani
Parliament likely to witness disruptions over Adani issue for 2nd day
The opposition parties had stalled proceedings on Thursday over the issue and according to sources aware of developments, disruptions are likely to continue
 "Parliament likely to witness disruptions over Adani issue for 2nd day")
Adani Enterprises shares removed from Dow Jones Sustainability Indices
Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud
 "Adani Enterprises shares removed from Dow Jones Sustainability Indices")
Top headlines: Adani group ratings under surveillance, Rs 8,083 cr for PLIs
Business Standard brings you the top headlines at this hour
 "Top headlines: Adani group ratings under surveillance, Rs 8,083 cr for PLIs")
Gautam Adani in talks to prepay share pledges to boost confidence: Report
The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person
 "Gautam Adani in talks to prepay share pledges to boost confidence: Report")
Gautam Adani backers from New York to Tokyo dissect and limit exposure
The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research's fraud allegations last week
 "Gautam Adani backers from New York to Tokyo dissect and limit exposure")
Adani's $108 billion crisis shakes foreign investors' faith in India
The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report
Adani row: Cong to stage nationwide protest near LIC, SBI branches on Feb 6
The Opposition is taking this line of argument, that the exposure of LIC and public sector banks like the SBI to the Adani Group has significant implications for middle-class savings
 "Adani row: Cong to stage nationwide protest near LIC, SBI branches on Feb 6")
Adani vs Hindenburg: Opposition seeks JPC or SC-monitored probe
The Opposition parties tried to raise the issue in both Houses of Parliament but were disallowed by the chair
 "Adani vs Hindenburg: Opposition seeks JPC or SC-monitored probe")
Hindenburg bet against India's Adani puzzles rival US short sellers
Typically, investors who want to bet that the company's stock will fall borrow shares in the market and sell them, hoping to buy them back at a lower price, in a practice called short selling
 "Hindenburg bet against India's Adani puzzles rival US short sellers")
FPI outflows, Adani group's FPO cancellation sour mood for rupee
The domestic currency closed at 82.18 per US dollar as against 81.93 per dollar on Wednesday
 "FPI outflows, Adani group's FPO cancellation sour mood for rupee")
Dubious distinction: AEL first to cancel share sale after full subscription
As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore
 "Dubious distinction: AEL first to cancel share sale after full subscription")
Rs 1,500 crore of Adani Enterprises short-term debt to mature by April 27
The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation
NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework
When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock
 "NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework")
Houses adjourned to stop Oppn from raising Adani issue, says Jairam Ramesh
'Both Houses of Parliament adjourned today till 2pm because Govt did not agree to combined Opposition demand for an investigation'
 "Houses adjourned to stop Oppn from raising Adani issue, says Jairam Ramesh")
India's economy resilient to Adani stock rout, says Ashwini Vaishnaw
Vaishnaw declined to comment on how allegations against Adani were being assessed by the government
 "India's economy resilient to Adani stock rout, says Ashwini Vaishnaw")
Adani's morality similar to his Prime Mentor's humility: Congress
The Congress Thursday took a dig at Adani Enterprises over its decision to withdraw its Rs 20,000-crore share sale, saying Gautam Adani speaking of being "morally correct" is like his "Prime Mentor" preaching humility, sobriety and large-heartedness. Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors. Adani Group company stocks have lost over USD 90 billion in value since a US short seller made damning allegations. "Given these extraordinary circumstances, the company's board felt that going ahead with the issue will not be morally correct," Gautam Adani, chairman of Adani Enterprises, said. "The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO," Adani said. Reacting to the remarks, Congress general secretary in-charge communications Jairam Ramesh said on Twit
 "Adani's morality similar to his Prime Mentor's humility: Congress")
How Hindenburg Research gave a masterclass in financial globalisation
Even for those Indians who don't have shares in the Adani group, the concern now is the health of their portfolios
 "How Hindenburg Research gave a masterclass in financial globalisation")
Top headlines: Adani in crisis, India Inc to gain from Rs 10 trn infra push
Business Standard brings you the top headlines at this hour
 "Top headlines: Adani in crisis, India Inc to gain from Rs 10 trn infra push")
Gautam Adani in crisis as bonds hits distressed levels, stock sale axed
Banks either want more collateral for loans, or are scrutinizing the value of the company's debt to lend against
Gautam Adani loses pole position in net worth to Mukesh Ambani
The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22
 "Gautam Adani loses pole position in net worth to Mukesh Ambani")
