Page 13 - Adani Ports

Adani Ports rises for second straight day; stock up 26% from Monday's low

The stock rose even as global rating agency Standard and Poor's (S&P) on Friday revised the outlook on Adani Ports and Adani Electricity from 'stable' to 'negative'

Adani-hit Nifty ETFs unlikely to lose incremental flows to other indices

Advisors remain in favour of Nifty despite its recent underperformance to the Sensex

S&P revises Adani Ports, Adani Electricity outlook from stable to negative

Both run risk of deterioration in credit profile, says agency; Fitch doesn't see immediate impact

S&P Global Ratings revises outlook on Adani Ports, Electricity to negative

S&P Global Ratings on Friday revised outlook on Adani Ports and Adani Electricity to negative from stable while affirming the rating. A US short-seller report alleging significant governance issues for the Adani Group, many of which relate to disclosures and actions at the shareholder level, has triggered a sharp fall in Adani Group entities' equity and bond prices. The company has responded to the allegations and also decided to return funds from a fully subscribed USD 2.4-billion offer of shares in the promoters' flagship company Adani Enterprises Ltd due to market volatility. "There is a risk that investor concerns about the group's governance and disclosures are larger than we have currently factored into our ratings, or that new investigations and negative market sentiment may lead to increased cost of capital and reduce funding access for rated entities," S&P said in a statement. As a result, it revised the rating outlook to negative from stable on Adani Electricity and .

Gautam Adani in talks to prepay share pledges to boost confidence: Report

The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person

NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework

When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock

Rs 8.7 trn mcap loss for Adani cos in 6 days; Adani Ent tanks 35% since Tue

Given the unprecedented situation and the current market volatility, Adani Enterprises has cancelled its Rs 20,000 crore follow-on-offer (FPO)

Rout in Adani Group stocks triggers panic sell-off in PSU banks

A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans

Adani takes over Haifa Port for $1.15 bn, promises to invest more in Israel

Dwells on host of key partnerships in Jewish nation, such as Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority; vows to change Haifa skyline with latest deal

Singapore's Temasek remains invested in Adani Ports: Media report

Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate is facing criticism from a US-based forensics research institution, according to a media report. Temasek remains invested in Adani Ports, as per their latest public shareholding disclosures, The Straits Times reported on Monday, citing a spokesman for the 49-year-old state-owned investor which has USD 496.59 billion in assets under management as of December 2022. Temasek, through its subsidiary Camas Investments, owns just over 1.2 per cent in Adani Port, the Singapore broadsheet reported, citing the company's shareholder information. The stake was acquired in 2018 for around SGD 147 million. The Temasek spokesman also said the group does not comment on market speculation. The Adani Group also runs an edible oil and food business in India called Adani Wilmar via a joint venture with Singapore-listed Wilmar International. The Group h

Hindenburg report on Adani group: Index provider MSCI invites feedback

Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

Adani Group stocks sink up to 20%; CLSA sees limited risk to banks

Shares of the group's flagship company Adani Enterprises tumbled 6.2 per cent, while those of Adani Green and Adani Total Gas declined 15.5 per cent and 19.6 per cent, respectively

Timing of Hindenburg report is curious; market reaction overdone: Analysts

The Hindenburg report comes on the heels of Adani Enterprises' (AEL) plans of Rs 20,000 crore follow-on public offer (FPO) announced a few days ago

Why did the world's biggest ship choose to skip Indian ports completely?

Poor shipping connectivity has hindered India's integration into the global value chain, according to a RBI report in 2022. The country scored 34% in the GVC participation index

Sensex ends 304 pts lower at 60,353, Nifty below 18K; Bajaj Finance down 7%

CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent

Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports

Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million

Construction work on Adani port in south India to speed up to meet deadline

Clashes between police and protesters in November injured more than 100 people, including 64 police officers

Shipping Ministry seeks advice on letting APSEZ bid for govt tenders again

Ministry is concerned about wider repercussions of Supreme Court decision to revoke the firm's disqualification

Kerala govt has spent Rs 100 cr so far for Vizhinjam rehabilitation: Min

The Kerala government has spent Rs 100 crore so far for the rehabilitation initiatives in connection with the under construction Vizhinjam sea port project, state Port Minister Ahammed Devarkovil said on Friday. Several development and welfare initiatives are being implemented in the region using the government fund and also making use of the CSR fund of the construction company, he told the state Assembly. The Union Environment Ministry, at the time of the signing of the contract, had directed to carry out rehabilitation initiatives to the tune of Rs 8.65 crore in the region, he said. "But, the LDF government has adopted a positive policy towards the fishermen community and spent Rs 100 crore for rehabilitation alone," Devarkovil said during the question and answer session. The significant thing was that land of local fishermen had not been acquired in connection with the sea port project. The land of those who lived away from the seashore had been taken for the same, he ...