Page 88 - Adani Group

Adani Ports to prepay Rs 1,000 cr on commercial papers due in March

"This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said in an email response

Adani Power hits fourth 5% upper circuit; No respite for Adani Green

Adani Power was locked at the 5 per cent upper limit, and has rallied 21 per cent in last four days. Adani Green hit 5 per cent lower circuit, and has shed 70 per cent since the Hindenburg allegation.

Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%

CLOSING BELL: Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards

Adani Ports to prepay Rs 1,000 cr in commercial papers maturing in March

Aditya Birla Sun Life Mutual Fund has also received the payment, A. Balasubramanian, managing director and chief executive, confirmed in an emailed response

Combined equity market value of 10 Adani Group firms slips below $100 bn

Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group's access to financing

After $135-billion wipeout, Adani Group plans multi-pronged comeback

Besides a campaign to portray themselves as responsible borrowers with prepayments and on-time payments of debt, executives have also kicked off a series of meetings to pacify overseas bondholders

Fresh bout of selling sees Adani m-cap go down by Rs 25,000 crore

The report released by Hindenburg Research had accused Adani firms of brazen stock manipulation, accounting fraud, and use of extreme leverage, spelling danger for its creditors

Adani Green Energy puts Rs 10,000-crore capex plan under review

Company to reduce capex in near term; execs say large part of it can be discretionary

Adani Ports & SEZ repays Rs 1,500-crore SBI MF loan in comback strategy

Adani group's gross debt stood at Rs 2.26 lakh crore as of September 2022 and had cash of Rs 31,646 crore

Gautam Adani decides against bid for stake in power trader PTC India

A representative for the Adani Group said the company had not bid for PTC nor contemplated doing so

Ambuja Cements, ACC to restart operations at 2 plants in Himachal Pradesh

The Darlaghat plant of Ambuja Cements has a capacity of 2 million tonnes per annum while that of ACC's Gagal produces 5.5 mtpa

Despite a poor start, we like Indian market: Julius Baer's Mark Matthews

"The Hindenburg-Adani Group affair will eventually become yesterday's news, and the market will focus on the fact that India does have strong earnings growth this year"

Over two-month deadlock between truckers and Adani Group ends in Himachal

The management gave its consent to resume cement production from Tuesday and the truck operators agreed to transport the cement at the decided rates

BJP frustrated with Adani row: Baghel after ED raids Cong leaders' offices

He also said that the raids show the level of frustration of the BJP in the wake of Bharat Jodo Yatra's success and Hindenburg's report on Adani's truth

Stock bearing the brunt of Adani Group rout is at risk of more losses

Adani Total was down by its limit in early trading on Monday. It has done so each day since Jan. 27.

Adani vs Hindenburg row: SC refuses to accept petitioner's suggestion

The Supreme Court on Monday refused to take on record the suggestion of one of the petitioners and a report published by Forbes in a batch of PILs on the recent Adani Group shares crash triggered by the Hindenburg Research's fraud allegations. A bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala denied the request by the lawyer appearing for one of the petitioners. "No no we will not take it on record", the bench said. The top court on February 17 had refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for the stock market. Observing that it wants to maintain full transparency in the interests of investors, it said it would rather not accept the Centre's suggestion in a sealed cover. "We will not accept the sealed cover suggestion by you because we want to maintain full transparency," the bench had said. On February 10, the top court had said the interests of Indi

Why only George Soros? Expose all "foreign hands"

Successive Indian govts have remained mum about the round-tripping of black money through the well-established "Mauritius Route", which continues to pollute the Indian market

Top headlines: Adani maps comeback strategy, Economic activity cools in Jan

Business Standard brings you the top headlines at this hour

Hindenburg effect: Adani maps comeback strategy after $132 billion rout

The ports-to-power conglomerate helmed by Adani - who used to be Asia's richest person - is hoping to claw back the narrative with this playbook and calm jittery investors and lenders

Adani row not to impact India story, says industry doyen K P Singh of DLF

The turmoil engulfing Gautam Adani's business empire following damning allegations by a US short seller, has not shaken the faith of global investors in India, real estate doyen K P Singh said rubbishing suggestions that banks would have lent to Adani group on instructions from higher-ups. The punishing stock market sell-off Adani group companies have seen following the January 24 report of Hindenburg Research is a temporary blip concerning just one corporate group and hasn't harmed faith in India as an investment opportunity, he told PTI in an interview. He, however, felt the Adani group needs to "beef up" capital and cut down debt to continue to remain on the high growth trajectory. Known for his plain speaking, Singh cited how a Canadian firm had threatened to bring out a report when his retail estate firm DLF was bringing out an IPO one-and-a-half-decade back. "We said push-off (to the Canadian firm)... do whatever you can ," he said, adding there are "blackmailers" who bring o