Page 77 - Adani Group

Why does this ex-deputy guv of RBI want India's biggest firms dismantled?

Part of his reasoning was that consumers could not fully benefit from input price declines as Big 5 companies control manufacturing of all major sectors as well as retail trade and telecommunications

The next day: Adani Group stocks rise after group denies news reports

As a result, the combined market capitalisation of the group rose by over Rs 20,000 crore

Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings

Most Adani group stocks recovered some lost ground on Wednesday after a heavy sell-off a day earlier amid reports of the group's ability to service the debt levels.

Short selling and activism don't go together

Contrary to the rationale of short selling, third-party investigative reports from activist short sellers violate Sebi regulations

Rajya Sabha proceedings adjourned till 2 pm amid opposition ruckus

Rajya Sabha proceedings were adjourned till 2 pm on Wednesday within minutes of assembling as opposition MPs kept raising slogans demanding a JPC probe into the allegations against the Adani Group. MPs of the Congress and other parties, several of them dressed in black, started raising slogans such as "Modi-Adani Bhai Bhai" as soon as Chairman Jagdeep Dhankhar took his seat. Amid slogan shouting, listed papers were tabled in the House. Members from opposition parties also raised slogans demanding a probe by a joint parliamentary committee (JPC) into allegations of corporate fraud and stock price manipulations against the Adani Group of Companies. After the laying of papers, Dhankhar said he has received eight notices under Rule 267 of the House for suspension of listed business and take the matters mentioned in the notices. However, as slogans continued, he adjourned the proceedings till 2 pm. The Constitution (Scheduled Tribes) Order (Fifth Amendment) Bill, 2022, and The Constit

Adani Ent zooms 7% as Group CFO refutes report of incomplete debt repayment

The Group refuted The Ken news report, stating it as "baseless and deliberately mischievous".

Stocks to watch: Adani Group, Vedanta, NHPC, PNB Housing, RHI Magnesita

Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.

Wait for stock exchanges to update data at quarter-end: Adani CFO

The 10 listed Adani Group companies, which together had lost about USD 135 billion in market value following the report, saw stocks recover some of the lost ground after that

Renewed debt worries trigger sharp sell-off in Adani Group stocks

The group has been on a sticky wicket ever since the US-based short seller Hindenburg Research, in a report, alleged -- among other things -- stock manipulation and concerns about its debts

Adani share sale takes block deals to 5-month high despite skittish market

Promoters, strategic investors mop up over Rs 33,000 cr via share sales; Adani sale in four group firms to GQG Partners alone tops Rs 15,000 cr

Adani shares tumble on report group seeking time to pay ACC, Ambuja debt

ACC dropped 4.8% to its lowest since Feb. 2021 and Ambuja Cement slipped 4.2%

SC dismisses plea claiming overvaluation in imported goods by Adani

The Supreme Court has dismissed the customs department appeal against Adani Power Maharashtra Ltd. (APML), Adani Power Rajasthan Ltd. (APRL) and others in alleged over-valuation of imported goods

Rajya Sabha adjourned till 2 pm as opposition protests over Adani issue

Rajya Sabha proceedings were adjourned in the pre-lunch session on Tuesday as opposition MPs, several dressed in black, created a ruckus over the Adani issue. MPs of the Congress and other parties started raising slogans such as "Modi-Adani Bhai Bhai" as listed papers were being laid on the table of the House. Several Congress MPs were in the Well while other opposition members were on their feet. They were also raising slogans demanding a probe by a joint parliamentary committee (JPC) into allegations of corporate fraud and stock price manipulations against the Adani Group. When Union Minister Hardeep Singh Puri was making a listed statement, opposition members raised the pitch of their sloganeering, apparently asking him to apologise for his remarks against Congress leader Rahul Gandhi. After the laying of papers and statements by ministers were over, Chairman Jagdeep Dhankhar said he has received notices under Rule 267 of the house for suspension of listed business and take the

Six Adani Group stocks locked in 5% lower circuit; ACC hits 52-week low

The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters' shares

Lok Sabha adjourned till 2 pm amid Oppn protest on Adani-Hindenburg issue

The Lok Sabha was adjourned till 2 p.m. on Tuesday amid noisy protests by the Congress-led opposition members, seeking a probe in the Adani issue

Manish Tewari writes to Parl Standing Committee chairman to probe Adani row

The letter has also been signed by Congress MPs and members Gaurav Gogoi and Pramod Tiwari

Adani's AMG Media acquires 49% in Quintillion Business Media for Rs 48 cr

Billionaire Gautam Adani's AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in May last year. The transaction was completed on March 27 for "Rs 47.84 crore", it said. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime. Adani group had set up AMG Media Networks for its foray into businesses of "publishing, advertising, broadcasting, distribution of content over different types of media networks". In May last year, it had signed a shareholders' agreement with Quintillion Media Ltd (QML) and QBML. In September 2021, it hired veteran journalist Sanjay Pugalia to lead its media company Adani Media Ventures.

SC seized of Hindenburg report on Adani group: MoS Rao Inderjit Singh

Minister of State for Corporate Affairs Rao Inderjit Singh on Monday said the Hindenburg report is with regard to the listed companies of Adani group which fall under the purview of Sebi and that the Supreme Court is seized of the matter. His response in the Lok Sabah through a written reply was to a query on whether the corporate affairs ministry has conducted any review on the financial statements and other regulatory submissions of Adani group of companies after the Hindenburg report. "The Hindenburg report is with regard to the listed companies of Adani group which fall under the purview of Sebi," the minister said. According to Singh, the Supreme Court is seized of the matter and has passed an order constituting an expert committee to look into the matter. He noted that the court has also directed all the agencies of the Union government, including agencies connected with financial regulation, fiscal agencies and law enforcement agencies, to cooperate with the committee. "The

All 10 Adani group firms end lower; Adani Power, Adani Transmission down 5%

All the ten listed firms of the Adani group ended the day in the negative territory on Monday, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas falling nearly 5 per cent each. Shares of Adani Power tanked 4.98 per cent, Adani Transmission tumbled 4.98 per cent, Adani Wilmar dived 4.93 per cent and Adani Total Gas slumped 4.91 per cent on the BSE. The stock of NDTV went lower by 4.60 per cent, Adani Green Energy fell by 4.40 per cent, Adani Ports dropped 1.43 per cent, ACC dipped 1.01 per cent, Adani Enterprises declined 0.99 per cent and Ambuja Cements (0.59 per cent). Many of the group firms hit their lower circuit limits during the day. In the equity market, the 30-share BSE Sensex climbed 126.76 points or 0.22 per cent to finish at 57,653.86 after a volatile trade. Out of the ten listed firms of the Adani group, seven companies ended the day in the negative territory on Friday. Stocks of eight Adani group companies out of the 10 listed entities closed in t

Why not investigate Adani issue, why so much of fear: Rahul targets PM Modi

Congress leader Rahul Gandhi on Monday asked Prime Minister Narendra Modi why there was no investigation into the investment of people's retirement fund in the Adani group even after various allegations were levelled against the firm. Taking to Twitter, Gandhi said, "LIC's capital, to Adani! SBI's capital, to Adani! EPFO's capital too, to Adani! Why is public's retirement money being invested in Adani's companies even after 'Modani' exposed?". "Mr prime minister, no investigation, no answer! Why so much of fear," he asked in a tweet in Hindi. A major political controversy erupted after Adani Group stocks took a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation, last month. The Gautam Adani-led group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. Gandhi has been attacking the prime minister on the Adani issue and has bee