Page 18 - Adani Group

Two of the world's largest law firms to defend Adani in US indictment case

These law firms are the Chicago-based Kirkland & Ellis and Los Angeles-based Quinn Emanuel Urquhart & Sullivan LLP which specialises on business litigations

Adani Energy Solutions' order book grows to Rs 54,700 cr with new projects

Adani Energy Solutions Ltd, India's largest electricity transmission and distribution company, has won two new transmission projects, helping swell its order book to Rs 54,700 crore -- more than three times of the work order it had at the start of current fiscal in April 2024. In October-December 2024 -- the third quarter of the fiscal year April 2024 to March 2025 (FY25), won two new transmission projects worth Rs 28,455 crore in Rajasthan, related to the renewable energy park, Jefferies said in a report. The orders include the 25,000-crore Bhadla-Fatehpur HVDC project, which is AESL's largest order win till date. These order wins have pushed up the company's market share in TBCB (tariff-based competitive bidding) orders to 24 per cent, from 17 per cent in the second quarter. AESL's current order book now stands at Rs 54,700 crore, as compared to Rs 17,000 crore in the beginning of the current financial year. This is the highest order book amongst all private sector transmission .

Iskcon, Adani Group tie up to give meals to nearly 100k daily at Maha Kumbh

The International Society for Krishna Consciousness (ISKCON), in partnership with the Adani Group, is providing meals to nearly one lakh people daily at the ongoing Maha Kumbh, a spiritual organisation's official said. At a camp on Harshvardhan Marg here, ISKCON's one kitchen prepares food for 30,000 - 35,000 people in one session, and more than one lakh people are served food in three sessions a day, its Director (CSR) Madhukant Das told PTI. ISKCON's food -- which includes dal, chole or rajma, vegetables and roti and rice, and halwa or boondi laddu in sweets-- is completely balanced. These meals are prepared on a clay stove over a fire of wood and cow dung cakes, which makes them taste amazing, he added. Das said meals are being distributed at 40 centres across Prayagraj, including bus stands, railway stations and several holding areas, where the crowd of devotees are halted on the main bathing days. He also informed that the food is also being distributed to 15,000 employees ...

Dubai's Emaar confirms stake sale talks with Adani Group for Indian ops

Dubai's Emaar confirms it's in talks with Adani Group to sell a stake in its Indian subsidiary. The deal, valued at Rs 40-50 billion, is still being finalised

Hindenburg Research announces winding up of operations; Adani shares rally

The firm's founder Nate Anderson posted about the disbanding on Hindenburg's website without specifying any single reason for the decision

Hindenburg's Nate Anderson: Man who 'shook empires that needed shaking'

In his parting shot, Anderson said he was naïve about the dangers he would face when he started Hindenburg but was drawn to the path he chose "magnetically"

Adani group stocks rally as Hindenburg shuts shop, NDTV surges over 9%

Adani group stocks rallied on Thursday after Hindenburg Research, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from market value of his group companies, founder Nate Anderson announced its shutdown. Shares of NDTV surged 9.15 per cent, Ambuja Cements jumped 3.88 per cent, Adani Green Energy rallied 3.35 per cent, Sanghi Industries climbed 3.34 per cent and Adani Power went up by 2.45 per cent on the BSE. The stock of Adani Ports advanced 2.03 per cent, Adani Total Gas (1.78 per cent), Adani Enterprises (1.74 per cent), Adani Energy Solutions (1.54 per cent) and ACC (0.77 per cent). Shares of Adani Wilmar, however, declined 1.19 per cent. In intra-day trade, NDTV zoomed 15.59 per cent, Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent, Adani Enterprises climbed 7.72 per cent, Adani Total Gas jumped 7.10 per cent and Adani Energy Solutions advanced 6.63 per cent The stock of Adani Ports climbed 5.48 per

Trump 2.0 or scrutiny on short sellers? Why Hindenburg Research shut shop

Was it regulatory scrutiny, Trump's political resurgence, or personal stress? Hindenburg Research's exit sparks debate on the future of activist short-sellers

'Kitne ghazi aaye, kitne ghazi gaye': Adani CFO after Hindenburg shutdown

Hindenburg Research, which had accused Adani Group of financial mismanagement, caught many by surprise by announcing its sudden shutdown

Hindenburg, Adani, and Buch: The investigations that shook markets

Hindenburg's reports revealed major corporate issues, including Adani's $100 billion market loss and other industry investigations. The firm has now announced its closure

Who is Nathan Anderson, the man behind short-seller Hindenburg Research

Nathan Anderson, founder of Hindenburg Research, shook the finance world with his bold short-selling reports, exposing corporate fraud and mismanagement in high-profile cases

US short-seller Hindenburg winding up its operations: Founder Nate Anderson

The plan has been to wind up after we finished the pipeline of ideas we were working on, said Nate Anderson

Adani group shares soar up to 9% as Hindenburg says 'it is shutting down'

Hindenburg shutting down: In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

Adani group shares soar up to 9% as Hindenburg says 'it is shutting down'

Hindenburg shutting down: In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

Short-seller Hindenburg Research behind Adani Group selloffs disbanded

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday. As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today, Anderson announced. In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies. The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking

Adani top bidder for 124-km NH stretch in Tamil Nadu, offers Rs 1,692 cr

The National Highway Authority of India further plans to monetise 86 highway stretches, covering 4,912 km, as a part of its strategy to raise funds for infrastructure development and debt reduction

Adani Enterprises tests 9-yr trend line support; tech view on group stocks

Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.

Adani group stocks rally, market capitalisation up by Rs 1.04 trillion

However, Adani group companies are still trading significantly below their all-time highs

Adani Group under DoT scanner on delayed 5G rollout, may surrender spectrum

Adani Data Networks acquired 400 MHz in the 26 GHz band for Rs 212 crore during the July 2022 spectrum auctions, but has yet to announce any timeline for its 5G service launch

Adani Group shares in focus; Power, Green, Energy Solutions gain up to 12%

Shares of Adani Power, Adani Green Energy, Adani Energy Solutions, Adani Total Gas and Adani Enterprises have rallied between 5 per cent and 12 per cent, so far today