Page 34 - Adani Group

Adani-led Ambuja Cements completes acquisition of Penna Cement Industries

Ambuja Cements' board of directors had approved the acquisition of 100% stake in Penna Cement at an enterprise value of Rs 10,422 crore in June, expanding the firm's southern footprint

Adani Group pledges 51% stake in Navi Mumbai Airport for Rs 12,770 cr loan

The Adani Group announced the financial closure for the NMIAL project in March 2022, following SBI's commitment to underwriting the entire debt requirement of Rs 12,770 crore

Hindenburg tip of iceberg, only JPC probe can unravel truth: Congress

The demand for a Joint Parliamentary Committee probe into the Adani issue goes beyond the Hindenburg Research's revelations, the Congress said Friday and claimed the "irregularities and wrongdoings" relating to the business conglomerate span every dimension of the political economy. Congress general secretary in-charge communications Jairam Ramesh said "Hindenburg is only the tip of the iceberg" and its allegations are limited to those that deal with the capital markets. "The demand for a Joint Parliamentary Committee (JPC) investigation into the Adani Mega Scam goes far beyond the revelations made by Hindenburg Research's reports. "Irregularities and wrongdoings relating to the Adani Group span every dimension of the political economy, as documented in our 100 question series HAHK (Hum Adani Ke Hain Kaun)," Ramesh said in a post on 'X'. Elaborating on what he said were key elements of the "scam", Ramesh claimed it pertains to "misuse" of India's investigative agencies to secure ..

Adani Power says committed to supplying electricity to B'desh amid protests

Adani Power's 1,600 megawatt (MW) Godda plant in Jharkhand state is the only one in India under contract to export 100% of its power to a neighbouring country

Fund at heart of Hindenburg charges not domiciled in Mauritius, says FSC

Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance of the contents of the report published by Hindenburg Research on August 10, 2024, wherein mention has been made of 'Mauritius-based shell entities' and Mauritius as a 'tax haven'. "The report of Hindenburg has further cited 'IPE Plus Fund' is a small offshore Mauritius Fund and 'IPE Plus Fund 1, a fund registered in Mauritius'. We wish to clarify that IPE Plus Fund and IPE Plus Fund 1 are not licensees of the FSC and are not domiciled in Mauritius," it said. Hindenburg on Saturday alleged that Sebi chairperson Madhabi Puri Buch and her husband opened an account in 2015 with a wealth management firm in Singapore to invest an undisclosed sum of money in a ...

Hindenburg 2.0: Sebi must fix two systemic issues to strengthen processes

The episode has raised two issues that must be addressed - first, of stock manipulation and violation of public shareholding norms via offshore funds, and second, disclosure norms for decision makers

Hindenburg row: SC plea seeks conclusive Sebi report in Adani case

Fresh public doubt necessitates Sebi to conclude its probe and declare findings: petitioner

Hindenburg saga: Cong's nationwide stir on Aug 22 seeking Buch's exit

In a post on X, Bahujan Samaj Party chief Mayawati said the Centre should have ordered a probe into Hindenburg Research's allegations against the Sebi chairperson

MSCI lifts freeze on Adani stocks, revises stance amid Hindenburg fallout

MSCI, which had earlier excluded Adani Energy and Adani Enterprises from the global standard index, stated it would now review the companies' fundraising activities

New plea likely in Supreme Court for Sebi's final findings in Adani case

The petitioner will be filing another plea on Monday seeking updates

Hindenburg Research report 'won't impact' Adani Enterprises' $2 billion QIP

AEL will be using the funds for its new projects as it plans to invest up to Rs 1.3 trillion in FY25 to expand its capacity across its portfolio companies

Stock Market Highlights, Aug 12: Sensex, Nifty end flat amid Hindenburg-led volatility; Ola up 20%

Stock Markets Highlights, Aug 12, 2024: Shares of the Adani Group fell sharply following the Hindenburg Research allegations early trade on Monday. However, Adani Group's shares showed recovery later

'Economic anarchy': Hindenburg, Cong allies, want market crash, claims BJP

After being rejected by Indians, the Congress party and its allies have conspired to create economic instability in the country, alleged Ravi Shankar Prasad, Bharatiya Janata Party MP from Bihar

Adani group stocks dip up to 17% on new allegations by Hindenburg Research

Adani Energy Solutions, Adani Total Gas, NDTV and Adani Power dropped between 11 per cent and 17 per cent on the BSE in Monday's intra-day trade

How short-seller Hindenburg Research turns a profit through exposes

Explained: What is Hindenburg Research, what is short-selling and how much profit did the US firm make on its 2023 Adani Group report

Mid-market update: Sensex, Nifty pare early losses amid Hindenburg-Sebi row

Benchmarks pared initial losses after starting lower on Monday following new allegations by US-based short-seller Hindenburg Research

Hindenburg steps up for Adani round two, this time with attack on Sebi

Hindenburg's original report, in which it had accused the centi-billionaire of pulling largest con, caused Adani Group's market capitalisation to crater by $150 bn

Baseless, devoid of truth: Sebi chief, husband deny Hindenburg allegations

Short-seller says whistleblower documents have revealed Sebi Chairperson Madhabi Puri Buch had stake in obscure offshore entities used in Adani money siphoning scandal; Buch terms allegations baseless

Hindenburg vs Sebi chief: How to trade Adani stocks now? Levels to track

As Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.

Stocks to Watch Today, August 12: Adani Group, IIFL,PNB,ONGC, Berger Paints

Stocks to watch today, August 12, 2024: GIFT Nifty indicates a negative start for the benchmark equity indices on Monday. Here is the list of buzzing stocks to watch during today's trading session