Page 58 - Adani Group

'One man, one govt, one business group': Cong's swipe over Adani issue

The Congress on Saturday attacked the government over the Adani issue, saying the G20 theme is 'One Earth, One Family, One Future' but Prime Minister Narendra Modi seems to actually believe in "One Man, One Government, One Business Group". The Congress 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 said in a statement that as the 2023 G20 Summit begins in Delhi, it is worth recalling Modi's many exhortations at previous meetings of the grouping for the international community to crack down on corruption and money laundering. At the 2014 Brisbane G20 meeting, the prime minister called for global cooperation "to eliminate safe havens for economic offenders", to "track down and ...

Top headlines: Modi-Biden bilateral meet ahead of G20, Adani's JV, and more

Business Standard brings you the top headlines at this hour

Adani Group forms JV with Japan's Kowa for green ammonia, hydrogen

Billionaire Gautam Adani's group on Friday said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. "Adani Global Pte Ltd, Singapore, a step-down wholly-owned subsidiary of (Adani Enterprises Ltd) has signed a joint venture agreement with Kowa Holdings Asia Pte Ltd, Singapore on September 8," the Adani group flagship firm said in a stock exchange filing. Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water. "Joint venture agreement records the terms of incorporation of a joint venture company in Singapore in accordance with the terms of the agreement for the sales and marketing of green ammonia, green hydrogen and its derivatives produced and supplied by Adani Group, in the agreed territory," it said. Adani and Kowa will hold a 50 per cent stake each in the joint venture. No other details were provi

Entry of Adani, Ambani likely to energise compressed biogas space

Hopes rise of streamlined supply-chain of feedstock, higher off-take

Asian Games 2022: Here are the companies helping Indian team dress up

Asian Games 2022: India's largest-ever contingent comprising 634 athletes will represent the country at the event that will take place from September 23 to October 8 in Hangzhou, China

What matters more is intent: Cong's Jairam Ramesh ahead of G20 summit

"The Modani saga reveal that six out of eight funds-that had links to Adani group and that were allegedly moving money and manipulating stock price on its behalf-have been shut down," he said

Six of eight funds used to invest in Adani Group stocks now closed: Report

The closure of these funds posed a challenge for Sebi to reach the ultimate beneficiaries of these vehicles

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

The magazine said the wealth estimate of the Indian billionaires is based on stock prices as of 14 July 2023 and shareholding as of December 2022

Sri Lanka plans to place Adani projects under 'govt-to-govt' deal

Its power ministry cites economic distress among reasons for the move

Special session of Parliament: Are election nerves setting in?

'Fruitful discussion' failed completely in the recently ended monsoon session. Will the special session discuss only 'special issues' that will initiate a celebratory consensus?

TMS EP512: Inflation politics, G20 Summit in Delhi, markets, OCCRP

Has inflation become a political imperative? How is Delhi getting ready for the G20 Summit? Why are mid- and small-caps defying global uncertainty? Hindenburg 2.0: What is OCCRP? All answers here

India's PM can't make enquiry on Adani row: Rahul Gandhi slams Modi

"BJP has broken the economic backbone of India. GST and demonetisation destroyed small businessmen and that was done deliberately," he added

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

TMS EP511: OCCRP allegations, Pratt & Whitney, agro-chemical stocks & more

What are OCCRP's allegations against Adani Group? Are Pratt & Whitney engines pulling India's airlines down? Will El-Nino spell trouble for agro-chemicals? What experiments will Vikram and Pragyan do?

OCCRP-flagged funds see India exposure drop from $430 mn to zero in 6 years

Their investment manager says EIFF, and EMRF both fully compliant broad-based funds

Maharashtra BJP unit poses questions to Rahul Gandhi over Adani group

The Maharashtra unit of the Bharatiya Janata Party (BJP) hit back at Congress leader Rahul Gandhi on Thursday calling him childish over the latter's tirade against industrialist Gautam Adani and his conglomerate, and linking them to Prime Minister Narendra Modi. The BJP said Gandhi should explain why the Congress-led government in office before 2014 at the Centre had given land parcels to the Adani group. In a long post on X (formerly Twitter), the state BJP said, Rahul Gandhi who has a childish brain should tell why the Congress government before 2014 had given key land parcels to the Adani group. The earlier Congress government had given several awards to the Adani group, it should be communicated to the people. Why did (NCP founder) Sharad Pawar oppose the Congress demand for JPC (probe in Adani group affairs) which was based on Hindenberg report? Why did Congress government in Maharashtra in 2013 awarded 660 MW Tiroda power plant to the Adani group? the party asked. Earlier in

Adani group companies' shares feel OCCRP pinch, decline by up to 4%

9 of 10 group stocks end in red, market capitalisation falls by Rs 36,000 crore

Indicates panic over Adani row: Congress on special session of Parliament

The Congress on Thursday said that the government announcing a special session of Parliament indicated that it is in "panic" over fresh allegations against the Adani Group and claimed that it was looking to manage the news cycle with the move. Asked about the government announcing the five-day special session in September and what it indicated, Gandhi said, "It's an indication of a little panic same type of panic that happened when I spoke in Parliament house, panic that suddenly made them revoke my Parliament membership." "So, I think, it is panic because these matters are very close to the prime minister and whenever you touch the Adani matter, the prime minister gets very uncomfortable and very nervous," he said at a press conference here. Reacting to the development, Congress general secretary Jairam Ramesh, in a post on X, said the demand for a Joint Parliamentary Committee (JPC) probe into the allegations against the Adani Group, however, will continue to resonate inside and .

Who is Chang Chung-Ling: Chinese link featured in OCCRP report on Adani

Chang Chung-Ling has also been identified as the sole director of Growmore, allegedly a shell company based in Mauritius used to siphon off funds

Who is Nasser Ali Shaban Ahli: UAE link featured in OCCRP report on Adani

One of the initial cases where his name features is that of an investigation by the Directorate of Revenue Intelligence (DRI) into alleged illegal diamond trading by Adani companies in 2007