Page 55 - Adani Group

TMC MP Mahua Moitra targeted Adani to malign Modi: Darshan Hiranandani

Darshan Hiranandani, the CEO of real estate-to-energy group Hiranandani, who allegedly paid TMC MP Mahua Moitra to raise questions in Parliament about Adani Group, on Thursday said the TMC leader targeted Gautam Adani to "malign and embrass" Prime Minister Narendra Modi whose impeccable reputation gave opposition no opportunity to attack him. In a signed affidavit, a copy of which was reviewed by PTI, Hiranandani admitted at using Moitra's Parliamentary login to ask questions targeting Adani after state-owned behemoth Indian Oil Corporation (IOC) booked capacity at the Gujarat-based conglomerate's Dhamra LNG import facility in Odisha and not at his firm's planned facility. Moitra, he claimed, "made frequent demands" including "expensive luxury items, providing support on renovation of her officially allotted bungalow in Delhi, travel expenses, holidays, etc, apart from providing secretarial and logistical help for her travels within India and to different parts of the world." Earlie

Adani Energy Solutions commissions 765 KV Warora-Kurnool Transmission line

Warora-Kurnool Transmission is the largest 765 kV D/C (hexa conductor) TBCB (tariff-based competitive bidding) project ever awarded under a single scheme

After Rahul, Baghel also blames Adani Group for rise in electricity price

CM Baghel also asked why many public infrastructural projects are bagged by the Adani Group

Jaiprakash Associates share prices jump 12% on Adani deal reports

The Adani group, currently operating at a capacity of 70 million tonnes per annum, aims to double this figure to 140 million tonnes within the next five years

Adani Group 'fleecing' people to the tune of Rs 12,000 crore: Rahul Gandhi

Congress leader Rahul Gandhi on Wednesday cited a media report to accuse the Adani Group of over-invoicing in coal imports and fleecing people to the tune of Rs 12,000 crore in electricity rates. Addressing a press conference at the AICC headquarters here, Gandhi attacked Prime Minister Narendra Modi, asking him to come clean on the Adani issue by initiating a probe into the matter and defend his credibility. "Why is the prime minister silent on the issueI am only helping the prime minister and asking him to come clean by starting an investigation and defend his credibility," Gandhi said. The former Congress chief displayed a recent Financial Times report at the press conference which claimed that the Adani Group appears to have imported billions of dollars of coal at prices well above market value. Gandhi claimed that as per the report Adani over-invoiced coal imports and took out Rs 12,000 crore from "people's pockets". Adani bought coal in Indonesia and when it reached India, i

Groups working overtime to harm our name: Adani Group on Dubey-Moitra spat

In its statement the Adani Group said these charges reveal an arrangement to hurt the groups reputation

Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat

Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.

Adani to pump in Rs 20,000 cr for 4x boost in ports capacity by 2030

Adani said the fight between Israel and Hamas had had no impact on operations at Haifa Port so far

Cong slams ministry probe into accounts of Adani group's Mumbai airports

The Congress on Saturday termed as an "eyewash" and "sham" the reported probe by the corporate affairs ministry into the accounts of Adani Enterprises' two airports in Mumbai and reiterated its demand for a JPC probe into the Adani issue. The opposition party has been questioning the financial dealings of billionaire Gautam Adani's Group after US research firm Hindenburg alleged "irregularities" and charged it with stock price manipulation. The Adani Group has denied all the allegations made in the Hindenburg report and claimed there had been no wrongdoing on its part. Congress general secretary Jairam Ramesh cited a media report which quoted Adani Enterprises as saying that the corporate affairs ministry was investigating the accounts of the group's two airports in the country's financial capital of Mumbai. "As Adani group's skeletons tumble out of the closet on a daily basis, the government is desperately trying to save face by switching to a PR mode to show that it is taking act

Adani Group's greenfield copper facility to start operations from March

Group has invested $1.1 bn in greenfield refinery in Mundra

New revelations in Adani row indicate Rs 12K cr siphoned off in 2-yrs: Cong

The Congress on Friday alleged that fresh revelations in the Adani issue by a foreign publication indicate that "more than Rs 12,000 crore may have been siphoned out of the country in two years". Congress general secretary Jairam Ramesh, in a statement, dubbed it the "biggest scam" of modern India. He claimed that this was "not a metaphorical loot" but "literally theft" from the pockets of crores of Indians. He also accused the ruling BJP government of "helping" the Adani group acquire assets and "the BJP is kept flush with electoral bond funds which allows it to buy MLAs at will and break opposition parties". There was no immediate reaction available from the Adani group on the allegations. "This is the biggest scam of modern India. It combines greed and heartlessness with a cold contempt for the people of India. It is based on the conviction that there is no scam that cannot be 'managed' and that there is no issue that cannot be diverted from. "But the Shahenshah is mistaken. In

Sebi probing ties between Adani Group and Gulf Asia fund, says report

The fund has invested in several listed Adani firms, according to the OCCRP and data from investigative journalist group

1,319 Indians boast Rs 1K crore net worth; Mukesh Ambani richest: Hurun

Eight of the top ten richest billionaires in the list, except Adani and Radhakishan Damani, saw their wealth jump in 2023

Adani's $3.5 bn Ambuja loan moves ahead after some banks get approval

The three banks are Barclays Plc, Deutsche Bank AG and Standard Chartered Plc

Bid to tarnish image by foreign entities: Adani Group ahead of SC hearing

Adani Group on Monday said some foreign entities are continuing orchestrated attacks by rehashing old and baseless allegations to drag down its market value and tarnish the conglomerate's image ahead of the Supreme Court hearing. The Supreme Court slated a hearing for this week on markets regulator SEBI's investigation into allegations of financial fraud and stock manipulation against Adani Group. The group has denied all allegations. Having failed earlier, a foreign publication is "making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of over-invoicing of coal imports," Adani Group said in a statement. It said the proposed story by the publication is based on the DRI's General Alert Circular dated March 30, 2016. However, the publication has "singled out the Adani Group, while the DRI's circular mentions as many as 40 importers including the Adani Group companies," the statement said. "This list not only includes some of India's

Measures in place to ensure safety of employees at Haifa port: APSEZ

Adani Port and Special Economic Zone (APSEZ) on Monday said the company has taken measures to ensure safety of its employees in Israeli port of Haifa and all of them are safe. Israel witnessed an unprecedented multi-front attack by air, land and sea by Hamas, which rules the Gaza Strip, in its southern parts on Saturday morning. APSEZ in a statement said that the company remains fully alert and prepared with a business continuity plan that will enable it to respond effectively to any eventuality. "We are closely monitoring the action on ground which is concentrated in south Israel, whereas Haifa port is situated in the north. "We have taken measures to ensure safety of our employees and all of them are safe," spokesperson of Adani Ports and SEZ Limited said. Earlier this year, the Adani Group acquired the strategic Israeli port of Haifa for USD 1.2 billion. "At a time like this, our thoughts continue to be with the people of Israel," the statement said. According to the statem

Sebi to tell court Adani inquiry began 2014, but hit dead end: Reports

Sebi restarted investigations into the group this year after U.S.-based short-seller Hindenburg Research raised governance concerns - allegations Adani Group has denied

Adani Group shares in focus; Adani Enterprises up 5% as IHC hikes stake

In an exchange filing with the BSE, AEL said Green Vitality RSC had on Tuesday, Oct 3, acquired an additional 643,134 equity shares representing 0.06% total equity in the company from the open market.

Abu Dhabi-based IHC increases stake in Adani Enterprises to over 5%

Move comes a week after IHC sold its stake in Adani Green and Adani Transmission

Abu Dhabi-based IHC increases stake in Adani Enterprises to over 5%

Days after selling its stake in two of Adani group companies, Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it has raised stake in the group's flagship Adani Enterprises Ltd to above 5 per cent. In a filing to Abu Dhabi stock exchange, IHC said, "This strategic increase reflects IHC's conviction in the world leading incubation model of AEL." Stating it has increased its stake in AEL to above 5 per cent, it said it believes that "the inherent strength of airports, data centres, green hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India's robust growth journey." "IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders' return," it added. Last week, IHC had stated that as part of a "portfolio rebalancing strategy" it will sell its 1.26 per cent stake in Adani Green Energy Ltd and 1.41 per cent stake in Adani Energy Solutions.