Page 2 - Adani

India must stop allowing others to define its identity, says Adani

"If we do not narrate who we are, others will rewrite who we were," Adani Group Chairman Gautam Adani said on Friday, calling for India to take charge of its global narrative through cinema, storytelling, and emerging technologies. Speaking at Whistling Woods International, Adani emphasised that India must stop allowing foreign voices to define its identity. "Silence is not humility, it is surrender," he said, pointing to films like Gandhi and Slumdog Millionaire as examples of how India's stories have often been told through Western lenses. He argued that India's failure to own its story has allowed others to profit off caricatures of its reality, and said the country must stop allowing others to define its identity. He also warned of the double-edged power of storytelling in an era where narratives "move markets faster than numbers". Referring to the 2023 Hindenburg report that temporarily wiped over USD 100 billion off Adani Group's market value, he said the episode was a stark .

Congress accuses govt of favouring Adani with yellow peas import policy

The Congress on Tuesday alleged that the government's import policy for yellow peas has "reaped substantial profits" for the Adani Group with farmers suffering "huge losses". Congress general secretary in-charge communications Jairam Ramesh said this was yet another clear example of how the "so-called 'Atmanirbhar Bharat' has been reduced to 'Modani-nirbhar Bharat'". He said that in 2014-25, India imported over 67 lakh tonnes of pulses, of which approximately 30 lakh tonnes were yellow peas, which is considered a substitute to pulses. Ramesh pointed out that due to the absence of import duty on yellow peas, imported peas are reaching the market at a significantly lower price compared to domestic pulses. "The price of imported peas is Rs 3,500 per quintal, which is roughly half the MSP of Rs 7,000-8,000 per quintal for domestic pulses. As a result, cheap imports have flooded the market, making it impossible for domestic pulses to compete, rendering them unprofitable for farmers in .

Govt 'probes' Adani Defence for tax evasion on missile parts imports

Adani Defence Systems and Technologies is one of the smaller businesses of the coal-to-airports conglomerate of billionaire Gautam Adani

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

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 .

Lenders ask Vedanta, Adani to revise Jaiprakash bids, detail funding plans

Lenders have asked Vedanta, Adani and other suitors for Jaiprakash Associates to submit revised bids and prove funding strength amid debt and asset viability concerns

Ladakh unrest, Adani on Hindenburg report, JPMorgan on Trump’s H-1B fee, Phone Pe IPO, & more

JPMorgan has said that Trump’s new $100,000 H‑1B visa fee could slash around 5,500 work authorisations monthly. While the number may seem relatively small to the US labour market.

Hindenburg report was an attack on Indian enterprise, says Gautam Adani

Gautam Adani called the 2023 Hindenburg report a direct attack on Indian enterprise, saying it became an inflection point that hardened Adani Group's resolve.

No violations: Sebi's finding in the Adani-Hindenburg case explained | Gautam Adani | Adani Group

India’s market regulator SEBI has dismissed allegations made by US-based short seller Hindenburg Research against the Adani Group.

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

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

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-led Sri Lanka container terminal to double capacity ahead of deadline

Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually

Sanctioned oil tanker Spartan nears Adani's Mundra Port in Gujarat

The Spartan, blacklisted by the UK and EU, is among the last sanctioned vessels to unload at Mundra after Adani Group's entry ban on such ships

Congress alleges FRA violations in Adani coal mine project in MP

Congress leader Jairam Ramesh on Friday alleged that the Adani Group has begun cutting trees on government and forest land for its coal mine project in Madhya Pradesh's Dhirauli in "blatant violation" of the Forest Rights Act. The former environment minister also claimed that the Modi government imposed this allotment from above in 2019, and is now rushing ahead with it in 2025 without the essential legal clearances. "This is simply because Modani is a (f)law unto itself," he said on X. There was no immediate reaction from the Adani Group or the Centre to the charges made by the Congress. "In Dhirauli, Madhya Pradesh, Modani has begun cutting trees on government and forest land for its coal mine - without Stage-II forest clearance and in blatant violation of FRA, 2006 & PESA, 1996. Villagers, mostly Scheduled Tribe communities and even a Particularly Vulnerable Tribal Group (PVTG), are rightly protesting," he said. The coal block falls in a Fifth Schedule Area, where tribal rights

Adani bid to end bribery case stalls amid volatile US-India relations

Progress Adani's representatives had been making with American officials has faltered in recent months as the US and India have clashed on several issues

Court bars reporters, activists from publishing defamatory content on Adani

In a major relief to Adani Enterprises Limited (AEL), a Delhi court on Saturday restrained certain journalists and others from publishing unverified defamatory content against the firm. In an interim order, the court also directed the journalists and foreign-linked NGOs to remove alleged defamatory material against the firm from articles and social media posts. Senior Civil Judge Anuj Kumar Singh was hearing a suit filed by the plaintiff (AEL), alleging that coordinated defamatory publications on paranjoy.in, adaniwatch.org and adanifiles.com.au, along with related posts and videos, were designed to tarnish the business group's reputation and disrupt its global operations. The defendants in the case are Paranjoy Guha Thakurta, Ravi Nair, Abir Dasgupta, Ayaskanta Das, Ayush Joshi, Bob Brown Foundation, Dreamscape Network International Private Limited, Getup Limited, Domain Directors Private Limited trading as Instra and John Doe persons. "There is a prima facie case in favour of the

Adani Power gets shareholders' nod for 1:5 stock split via postal ballot

Adani Power on Friday said it has received shareholders' approval for a stock split in the ratio of 1:5 through a postal ballot notice issued on August 1, 2025. The resolution has been considered as duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, a regulatory filing stated. According to the notice, each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of the face value of Rs 2 each, ranking pari passu in all respects. The voting period began from 9 am on August 6, and ended at 5 pm on September 4. The company explained that the board, at its meeting on August 1, 2025, approved and recommended the share split to facilitate greater participation from retail and small investors. There will not be any change in the amount of authorised, issued, subscribed and paid-up share capital of the company on account of sub-division/split of the equity shares, it had stated. The record date for the sub-division of

Adani Power gets LoA for 2,400 MW thermal project in Bihar's Bhagalpur

Adani Power on Friday said it has received the Letter of Award (LoA) to set up a 2,400 MW greenfield thermal power plant with an investment of USD 3 billion at Pirpainti in Bhagalpur district of Bihar. In a statement, Adani Power said it has received the LoA for 25-year long-term procurement of electricity from Bihar State Power Generation Company Ltd (BSPGCL), which it will supply from a 2,400 MW (800 MW X 3) greenfield ultra super critical plant to be set up at Pirpainti. This would be followed by the signing of the Power Supply Agreement (PSA) between the entities, it stated. The Bihar State Power Generation Company Ltd (BSPGCL) has awarded the LoA to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the two state utilities. "With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability," S B Khyalia,

Adani group logs ₹90,572 crore Ebitda, led by infrastructure firms

Conglomerate's cash reserves stood at Rs 53,843 in Q1, accounting for 19% of gross debt