Page 7 - Adani Group

I-T dept imposes penalty of ₹23.07 crore on Adani Cement entity ACC

The Income Tax (I-T) department has imposed two separate fines on ACC Ltd, totalling Rs 23.07 crore, which will be contested by the Adani Group firm before the appellate authorities. The I-T department has slapped a penalty of Rs 14.22 crore allegedly "for furnishing of inaccurate particulars of income" for Assessment Year 2015-16. The department has also levied a penalty amounting to Rs 8.85 crore "for under-reporting of income" for Assessment Year 2018-19. "The company will be contesting both orders by filing appeals before the Commissioner of Income Tax (Appeals) within the prescribed timelines and, in parallel, will seek a stay on the penalty demands raised under the respective orders," ACC said in regulator filings on Thursday. The company received these two demands on October 1, 2025, and said that these penalties will have no impact on financial activity. ACC is a subsidiary of Ambuja Cement, the Adani Cement entity, which owns over 50 per cent of the company. Both the I-T

Ambani tops Hurun India Rich List 2025, Roshni Nadar leads among women

Mukesh Ambani tops Hurun India Rich List 2025 with Rs 9.55 trillion wealth, Gautam Adani second, Roshni Nadar Malhotra richest woman, and Aravind Srinivas youngest billionaire

Sahara firm seeks SC nod for sale of group's assets to Adani properties

The Sahara India Commercial Corporation Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. The plea, which was mentioned for hearing recently, would likely come up on October 14. Seeking the permission, the plea filed through advocate Gautam Awasthi, said, "..to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited, for the consideration and on the terms and conditions as set out in the term sheet dated September 6, 2025." The interlocutory application, filed in the pending matters related to Sahara group, said pursuant to various orders passed by this court, from time to time, and after taking the permission of this court through various orders, the SICCL and the Sahara Group were, with great difficulty, able to liquidate certain movable and immovable assets of theirs, the proceeds of which were

Mumbai airport sees over 5 million international arrivals in Jan-Aug: MIAL

Chhatrapati Shivaji Maharaj International Airport in the city has handled over 5 million international arrivals in the January-August period this year, primarily driven by passengers from the UAE, UK, and Thailand, private airport operator MIAL said on Saturday. The facility has witnessed the international arrivals at the airport clocking a compound annual growth rate (CAGR) of 21 per cent in the past three years, reflecting the city's ever-burgeoning prominence on the global travel map and echoing the spirit of World Tourism Day that celebrates the power of travel in connecting cultures and economies, it added. Every year, September 27 is observed as World Tourism Day globally. Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) is run under a joint venture, Mumbai International Airport Ltd (MIAL), which is 74 per cent owned by the Adani Group and the remaining 26 per cent by the Airports Authority of India. Between January and August this year, arrivals rose steadi

Delhi HC orders status quo on removal of social media posts on Adani

The Delhi High Court on Friday ordered status quo on the removal of social media posts on Adani Group of Companies by senior journalist Ravish Kumar and digital news platform Newslaundry. Justice Sachin Datta take note of the submissions of Adani Enterprises that it will not be asking Kumar and Newslaundry to take down any more content from their sites or any other intermediary, as existing on 12 noon, September 26. "It is agreed that in case the petitioners have already taken down any material, the same shall not be re uploaded," the judge said, clarifying that it will continue till the trial decides the suit filed by Adani Enterprises. The court noted the submission of the Centre's counsel who said its directions to the journalises to take down the posts were issued by way of an information on civil court's order to the parties concerned. The high court said the government had also communicated to the journalists and organisations the subsequent court directions staying the gag .

Gautam Adani pledges stronger governance following Sebi clean chit

Adani calls Sebi's verdict a resounding validation, vows tighter governance, stronger sustainability, and $100 bn investments in energy and infrastructure

GQG sells some Adani Power shares to Citadel Securities, SBI Fund

GQG Partners sold about 35 million shares, or about a 1 per cent stake, with SBI Mutual buying most of the shares

HC to hear Newslaundry plea against Centre's Adani case order on Sep 25

The Delhi High Court would on September 25 consider the pleas of digital news platform Newslaundry and senior journalist Ravish Kumar challenging the Centre's purported direction asking digital news publishers to take down multiple reports and videos concerning Adani Group of Companies. Justice Sachin Datta on Monday set the date after hearing the matter briefly. The petitioners said the plea was not on merit, since the trial court was already scheduled to hear the matter on September 23 against an interim order. "This present petition is only on power of the government to enforce an order passed inter-parte between two private people where I am not..," the counsel said. Meanwhile, the counsel representing the central government, said the Centre "communicated" the order passed by the court, and did not pass any order. A Delhi court on September 18 set aside an civil judge's order asking four journalists to take down alleged defamatory content against Adani Enterprises Limited (AEL

Adani Group posts ₹1.16 trillion market cap jump, biggest in 10 months

Adani Group stocks added Rs 1.16 trillion in market value, the sharpest rise since November 2024, after Sebi dismissed key Hindenburg allegations against the conglomerate

Adani Group plans leverage cut, sees no dollar bond issue until 2027

The group's next foreign currency bond sale will likely be a dollar bond, said group Chief Financial Officer Jugeshinder Singh

Adani Group firms combined mkt valuation jumps ₹1.78 trn in 2 days

Adani Group companies continued to rally on Monday, adding Rs 1.78 lakh crore in market valuation in two days, propelled by heavy buying in listed stocks following markets regulator Sebi's clean chit in the Hindenburg case. The regulator's order, which dismissed allegations of stock manipulation and related-party misuse, has led to optimistic investor sentiment, sending Adani stocks sharply higher for the second day in a row. Shares of Adani Power jumped 19.99 per cent to hit its upper circuit limit of Rs 170.15 apiece on the BSE. The stock of Adani Total Gas skyrocketed 19.87 per cent, Adani Green Energy zoomed 11.75 per cent, Adani Energy Solutions surged 6.94 per cent, Adani Enterprises Ltd climbed 4.24 per cent, Ambuja Cements rallied 1.43 per cent, Adani Ports went up by 1.17 per cent, NDTV edged higher by 1.12 per cent and ACC (0.30 per cent). Together, these firms added Rs 1,78,598.41 crore in market valuation in two days. The rally in the stocks came after Sebi on Thursday

Adani Group stocks rally up to 19%; Adani Enterprises up 3% in muted market

The Adani Group gained ₹66,000 crore in market capitalisation on Friday after Sebi gave a clean chit regarding the Hindenburg Research allegations

Adani seeks accountability as Sebi dismisses Hindenburg allegations

Adani Group demands accountability after SEBI cleared it of Hindenburg's charges that triggered a $150 billion market loss and rattled investor confidence in 2023

Adani group adds ₹66K cr in value amid choppy markets after Sebi relief

Adani Group's nine listed firms gained up to 12 per cent as Sebi dismissed key Hindenburg charges, lifting market value by Rs 66,000 crore, with Adani Power leading the rally

More Sebi orders likely in Adani case; MPS, insider trading under lens

Sources said regulator still examining charges related to possible violations of MPS, insider trading norms

Adani's regulatory challenges not over as other Sebi probes continue

While there's nothing to indicate whether the conglomerate will face any fines or regulatory censure on pending matters, it means that there'll likely be more Sebi orders on the Adani Group

Need full probe into 'Modani Scam': Congress on Sebi clean chit to Adani

A day after the SEBI's clean chit to the Adani Group in the Hindenburg matter, the Congress on Friday said there is a continued need to investigate the "scam" in all its dimensions as it extends far beyond the scope of investigations by the market regulator. Congress general secretary in-charge communications Jairam Ramesh said in a statement that contrary to the managed headlines, the commercial partner in "Modani Enterprises" has now received a "clean chit" from SEBI only in two of the 20 matters being investigated by it under a Supreme Court-mandated probe. In a statement, Ramesh said there is continued need to investigate the "Modani Scam" in all its dimensions. He also shared a set of questions the party had posed in the 100-question-series "Hum Adani Ke Hain Kaun" (HAHK), and said they remain unanswered. The Congress leader noted that the Supreme Court on March 2, 2023 had directed SEBI to "conclude the investigation within two months" following the Hindenburg Report. "Yet,

Court quashes order for taking down articles against Adani enterprises

A Delhi court has set aside an order asking four journalists to take down alleged defamatory content against Adani Enterprises Limited (AEL), saying the effect of removal of the articles by an ad interim ex parte order was "sweeping" and it had the "effect of decreeing the suit itself without a trial". In the September 18 order, which was made available on Friday morning, the court said, "I find that the case is fit for stay of the impugned order dated September 6 since extensive directions have been passed by the trial court without hearing the appellants." Acting on AEL's defamation complaint, a civil judge directed 10 defendants, including the four journalists, to take down the contentious material, like articles and social media posts, already published on various platforms, including websites, within a stipulated period. District judge Ashish Aggarwal heard the challenge to the civil judge's decision and held that unless appellants were heard, the civil court couldn't have ...

Adani Power rated 'Overweight' by Morgan Stanley; 65% upside in bull case

Morgan Stanley assigned a target of ₹818 per share under the base case, an upside of nearly 30 per cent from Thursday's close

Adani Green, Adani Ports: 32% gain seen in Adani group stks post Sebi order

Adani group shares: Adani Enterprises, Adani Ports, Adani Power and other group stocks can potentially zoom up to 32%, hint technical charts; check key levels to track here.