Page 18 - Adani Group

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

Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar

Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity. Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, completed the offer for sale (OFS) for 13.5 per cent stake in Adani Wilmar to non-retail investors on Friday, according to information available from stock exchange filings. The transaction saw massive demand from a diverse set of marquee international a

Adani Wilmar shares slide 9% as Promoter begins partial stake sale via OFS

Adani Wilmar OFS: Adani Commodities LLP will offlead 13.5 per cent stake via the OFS. It will have the right to sell an additional 6.5-per cent stake

Adani group, Iskcon join hands for mahaprasad seva at Prayagraj Maha Kumbh

The Adani Group and the International Society for Krishna Consciousness (ISKCON) have joined hands to serve meals to devotees at the Maha Kumbh Mela in Prayagraj this year. The Mahaprasad Seva will be offered for the entire duration of the Maha Kumbh Mela, from January 13 to February 26. To thank ISKCON for this initiative, Adani Group chairman Gautam Adani on Thursday met Guru Prasad Swami, the Chairman of ISKCON Governing Body Commission (GBC). Speaking about ISKCON's support in offering the Mahaprasad Seva, Adani said, "Kumbh is a sacred place of seva, where every devotee gets involved in the name of seva to God. It is my good fortune that we are starting the 'Mahaprasad Seva' for the devotees at the Maha Kumbh in collaboration with ISKCON. "With the blessings of Maa Annapurna, free food will be provided to lakhs of devotees. Today, I got the opportunity to meet Guru Prasad Swami ji of ISKCON and I deeply experienced the power of dedication towards seva. In the true sense, seva

Adani partners with Thailand's Indorama for petrochemical expansion

Billionaire Gautam Adani's group has teamed up with Thailand's Indorama Resources Ltd for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies. Adani Petrochemicals Ltd, a subsidiary of the group's flagship Adani Enterprises Ltd, "has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)... with Indorama Resources Ltd, Thailand," Adani Enterprises said in a stock exchange filing. Adani Petrochemicals and Indorama will hold 50 per cent stake each in the joint venture. "VPL is incorporated with the objective to set up a refinery, petrochemical and chemical business," it said. Adani Petrochemicals was incorporated to set up refineries, petrochemicals complexes, speciality chemicals units, hydrogen and related chemicals plants and other similar units in a phased manner. Group chairman Gautam Adani had in 2022 stated that the conglomerate is looking to invest more than USD 4 billion in

F&O Market: Union Bank, Dabur see short build-up as Nifty tumbles 300pts

Union Bank stock futures plunged nearly 8% on the back of 54% increase in OI. On the other hand, Dr. Lal Path Labs and Metropolis Health witnessed long build-up on Monday; shows derivatives data.

Adani Wilmar to expand FMCG portfolio, emulates ITC post-Adani group exit

Adani Wilmar Ltd (AWL), India's largest edible oil company, is adopting a strategy similar to ITC's by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources. Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth. Following the exit of the Adani Group, Wilmar may further capitalise on this approach by introducing more global FMCG brands into the Indian market, sources aware of the matter said. In the December quarter, AWL's FMCG business achieved a 24 per cent year-on-year growth in volume, underscoring its efforts to expand both its food and FMCG product offerings. Consequently, the share of food and FMCG in overall volumes increased to 20 per cent, while its share in total revenues rose to 9 per cent, up from 10 per cent and 5 per cent, respectively, in FY21. This shift mirrors

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

Adani Wilmar, which sells edible oils and other food items, on Saturday reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter. Adani Wilmar, established jointly by Adani Group and Singapore Wilmar Group in 1999 markets its products mainly under Fortune brand. Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale. In a regulatory filing on Saturday, Adani Wilmar said the company "achieved a healthy volume growth of 6 per cent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs". Revenue grew 33 per cent year-on-year, it added. "In the edible oils segment, although there was downtrading among consumers, the company maintained its market share by its strategy of having a diverse portfolio of brands at various price points," Adani Wilmar said. The company reported 4 per cent

Adani Group's US SEC, NY cases assigned to one judge for efficiency

US SEC and Eastern District of New York cases against Adani Group, alleging a $265 million bribery scheme, assigned to a single judge for smoother handling while remaining distinct

Youngest world chess champion Gukesh Dommaraju meets Gautam Adani

Billionaire Gautam Adani called teenager Gukesh Dommaraju -- who became the youngest world chess champion by beating defending champion Ding Liren of China -- a testament of India's unstoppable youth. The chess champion, along with his parents, met Adani in Ahmedabad. "It was an absolute privilege to meet and hear the victory story of reigning World Chess Champion @DGukesh," Adani, chairman of ports-to-energy Adani Group, said in a post on X. Posting pictures with the teenager and his parents, Adani said, "Equally inspiring was meeting his incredible parents, Dr Rajinikanth and Dr Padmavathi, whose quiet sacrifices laid the foundation for his success." "At just 18, Gukesh's poise and brilliance are a testament to India's unstoppable youth. Prodigies like him are inspiring a new generation, building an army of champions ready to dominate global chess for decades. This is the confident, resurgent and rising India. Jai Hind!" he said. Gukesh became the 18th world champion after defea

Adani Energy falls 2% from day high as TN govt scraps smart meter tender

Adani Energy Solutions share: The tenders were floated as four packages in August 2023 to provide the smart meters under the central government's revamped distribution sector scheme