Page 24 - Adani Group

Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

The US credit rating agency places three Adani entities under Rating Watch Negative status

Andhra govt mulls next steps on Adani, if power deal can be scrapped

Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place

Adani Group shares drew retail investors just before US probe pullback

Individual stock holdings in eight of the group's 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg

Stocks to Watch, Nov 26: HUL, SBI, Coal India, IndiGo, Adani Group shares

Stocks to Watch, Nov 26: Here is a list of stocks that will be in focus for today's session

Vedanta to proceed with dollar bond sale in first post-Adani credit test

The issue, which could raise as much as $500 million, is the first since the Adani crisis and will test global appetite for Indian high yield credit following the allegations against Adani

TotalEnergies pauses investments in Adani Group after bribery charges

But group wins GQG's vote of confidence

Comfortable liquidity, enough debt cover for 28 months: Adani group

Group reports Rs 53K cr cash buffer, robust operational cash flow amid bribery charges

GQG Partners reaffirms confidence in Adani group despite US indictment

In March 2023, GQG invested in five companies of the Adani group, including flagship Adani Enterprises, Adani Ports & SEZ, Adani Green, Adani Energy Solutions, and Ambuja Cements

US SEC Adani allegations unlikely to significantly impact business: GQG

GQG Partners' exposure to Adani stands at $8.1 billion, constituting 5.2% of its total assets of $156.7 billion. GQG Partners holds stakes ranging from 1.5% to 2% in six Adani Group companies

Telangana govt declines donation of Rs 100 crore from Adani group

CM Reddy announced the decision, stating, "Many companies have given funds to the Young India Skills University. In the same way, the Adani Group also gave Rs 100 crores.''

Here's all you need to know about Adani's US SEC bribery indictment

The scandal has also raised concerns about market and public disclosure lapses by Adani Group

Parliament Winter Session update: Both Lok Sabha and Rajya Sabha adjourned till 11 am on Nov 27

Before adjourning for the day, Union Minister Manohar Lal moved a motion for the election of one member to the advisory council of the Delhi Development Authority (DDA)

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.

Parliament winter session: Both Houses adjourned, to meet again on Nov 27

Rajya Sabha proceedings were adjourned for the day on Monday as opposition parties led by the Congress tried to raise the issue of the indictment of Adani group founder chairman Gautam Adani and others in a US court on charges of paying bribes to secure solar power supply contracts. The House will meet again on Wednesday (November 27). There will be no sitting of Parliament on Tuesday to commemorate the 75th anniversary of the Constituent Assembly's adoption of the Constitution in 1949. Earlier, Chairman Jagdeep Dhankhar disallowed 13 notices served under rule 267, including seven that sought a discussion on the US indictment on the alleged payment of USD 265 million in bribes. But the Congress and Left parties insisted on a discussion, forcing a 15-minute adjournment of proceedings. Soon after listed papers were laid on the table of the House and obituary references read out on the death of former MPs, Dhankhar said he had received 13 notices under rule 267 but was not convinced to

Vedanta tests offshore dollar bond demand amid Adani-induced uncertainty

Vedanta Resources Finance II Plc's notes due in April 2026 have climbed nearly to par, after touching a low of about 60.4 cents in January

Oppn pushes for discussion on Adani: Cong, AAP give notices in Parliament

Earlier, Congress MP Manickam Tagore B also announced that he would also move for an adjournment motion in Lok Sabha

Adani Group assures 'enough cash flows' amid US allegations fallout

Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report

Adani indictment may test Trump's desire to keep India in US orbit

For India in particular, the charges against Adani only reinforces its strategy to keep a foot in both major camps, staying friendly with the US while also keeping up good ties with Russia, China

Adani bond prices hit one-yr low as investors weigh US bribery allegations

Ports bonds maturing in 2027 were down 1.6 cent to 88.98 cents on the dollar, having lost nearly 7 cents in face value

US SEC indictment of Adani jolts Asia's offshore bond market revival

While Adani denies any wrongdoing, the capital markets blowback is brutal