Page 14 - Adani Group

Adani group adds ₹66K cr in value amid choppy markets after Sebi relief

Adani Group's nine listed firms gained up to 12 per cent as Sebi dismissed key Hindenburg charges, lifting market value by Rs 66,000 crore, with Adani Power leading the rally

More Sebi orders likely in Adani case; MPS, insider trading under lens

Sources said regulator still examining charges related to possible violations of MPS, insider trading norms

Adani's regulatory challenges not over as other Sebi probes continue

While there's nothing to indicate whether the conglomerate will face any fines or regulatory censure on pending matters, it means that there'll likely be more Sebi orders on the Adani Group

Need full probe into 'Modani Scam': Congress on Sebi clean chit to Adani

A day after the SEBI's clean chit to the Adani Group in the Hindenburg matter, the Congress on Friday said there is a continued need to investigate the "scam" in all its dimensions as it extends far beyond the scope of investigations by the market regulator. Congress general secretary in-charge communications Jairam Ramesh said in a statement that contrary to the managed headlines, the commercial partner in "Modani Enterprises" has now received a "clean chit" from SEBI only in two of the 20 matters being investigated by it under a Supreme Court-mandated probe. In a statement, Ramesh said there is continued need to investigate the "Modani Scam" in all its dimensions. He also shared a set of questions the party had posed in the 100-question-series "Hum Adani Ke Hain Kaun" (HAHK), and said they remain unanswered. The Congress leader noted that the Supreme Court on March 2, 2023 had directed SEBI to "conclude the investigation within two months" following the Hindenburg Report. "Yet,

Court quashes order for taking down articles against Adani enterprises

A Delhi court has set aside an order asking four journalists to take down alleged defamatory content against Adani Enterprises Limited (AEL), saying the effect of removal of the articles by an ad interim ex parte order was "sweeping" and it had the "effect of decreeing the suit itself without a trial". In the September 18 order, which was made available on Friday morning, the court said, "I find that the case is fit for stay of the impugned order dated September 6 since extensive directions have been passed by the trial court without hearing the appellants." Acting on AEL's defamation complaint, a civil judge directed 10 defendants, including the four journalists, to take down the contentious material, like articles and social media posts, already published on various platforms, including websites, within a stipulated period. District judge Ashish Aggarwal heard the challenge to the civil judge's decision and held that unless appellants were heard, the civil court couldn't have ...

Adani Power rated 'Overweight' by Morgan Stanley; 65% upside in bull case

Morgan Stanley assigned a target of ₹818 per share under the base case, an upside of nearly 30 per cent from Thursday's close

Adani Green, Adani Ports: 32% gain seen in Adani group stks post Sebi order

Adani group shares: Adani Enterprises, Adani Ports, Adani Power and other group stocks can potentially zoom up to 32%, hint technical charts; check key levels to track here.

Sebi clean chit in Hindenburg case triggers upto 13% rally in Adani stocks

This regulatory clean chit removes a significant overhang and is likely to bolster institutional investor confidence in Adani Ports, ICICI Securities said

Sebi gives Adani group clean chit, dismisses Hindenburg allegations

Sebi closed proceedings against the Adani group, Gautam Adani and associates, dismissing Hindenburg's charges of fund diversion, RPT violations and fraud raised in 2023

'No violations': Sebi gives clean chit to Adani in Hindenburg case

In 2023, Hindenburg published a scathing report accusing the Adani Group of stock manipulation, improper use of offshore tax havens, and inflated valuations

Adani group airports planning to test pre-booked security check slots

If implemented in India, the service will let passengers book security screening slots in advance, helping cut down wait times in long queues

Adani-led Sri Lanka container terminal to double capacity ahead of deadline

Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually

Adani, Ambani race to lead mega energy transition: Bernstein Research

Bernstein says Mukesh Ambani and Gautam Adani are racing to transform Kutch's barren salt flats into the backbone of India's energy transition with massive clean power projects

Adani Power to invest $3 bn to set up 2400 MW power project in Bihar

Adani Power on Saturday said it will set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of USD 3 billion (around Rs 26,482 crore). The Adani group company, in a statement, said that it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) to supply power from the project that will come up at Pirpainti in Bhagalpur district of the state. The PPA is further to the Letter of Award issued by BSPGCL to Adani Power, on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani Power won the project by offering the lowest supply rate at Rs 6.075 per KWh. The company said it plans to invest approximately USD 3 billion to build the new plant (800 MW X 3) and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model. The company aims to commission the plant in 60 months. The coal linkage for the power p

Congress alleges FRA violations in Adani coal mine project in MP

Congress leader Jairam Ramesh on Friday alleged that the Adani Group has begun cutting trees on government and forest land for its coal mine project in Madhya Pradesh's Dhirauli in "blatant violation" of the Forest Rights Act. The former environment minister also claimed that the Modi government imposed this allotment from above in 2019, and is now rushing ahead with it in 2025 without the essential legal clearances. "This is simply because Modani is a (f)law unto itself," he said on X. There was no immediate reaction from the Adani Group or the Centre to the charges made by the Congress. "In Dhirauli, Madhya Pradesh, Modani has begun cutting trees on government and forest land for its coal mine - without Stage-II forest clearance and in blatant violation of FRA, 2006 & PESA, 1996. Villagers, mostly Scheduled Tribe communities and even a Particularly Vulnerable Tribal Group (PVTG), are rightly protesting," he said. The coal block falls in a Fifth Schedule Area, where tribal rights

Adani Group ports to bar vessels facing sanctions from the US, UK, and EU

The move to block sanctioned vessels comes amid heightened scrutiny of global shipping, driven by US tariffs on Russian crude and the ongoing Russia-Ukraine war

Adani, Jindal, and JSW in fray as 21 bidders file EoIs for GVK Energy

Adani Group, JSW Neo Energy and Jindal Power are among 21 firms that submitted Expressions of Interest for GVK Energy, which is under insolvency proceedings at NCLT

Adani bid to end bribery case stalls amid volatile US-India relations

Progress Adani's representatives had been making with American officials has faltered in recent months as the US and India have clashed on several issues

Lenders to vote on Vedanta, Adani bids for bankrupt Jaiprakash Associates

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

₹6,000-cr hydropower deal lifts Adani Power stock 6% today; details here

Adani Power's share price was trading 4.6 per cent higher at ₹637.8 per share compared to previous session's close of ₹609.7 on the NSE