Page 24 - Adani

TMC MP Mahua Moitra targeted Adani to malign Modi: Darshan Hiranandani

Darshan Hiranandani, the CEO of real estate-to-energy group Hiranandani, who allegedly paid TMC MP Mahua Moitra to raise questions in Parliament about Adani Group, on Thursday said the TMC leader targeted Gautam Adani to "malign and embrass" Prime Minister Narendra Modi whose impeccable reputation gave opposition no opportunity to attack him. In a signed affidavit, a copy of which was reviewed by PTI, Hiranandani admitted at using Moitra's Parliamentary login to ask questions targeting Adani after state-owned behemoth Indian Oil Corporation (IOC) booked capacity at the Gujarat-based conglomerate's Dhamra LNG import facility in Odisha and not at his firm's planned facility. Moitra, he claimed, "made frequent demands" including "expensive luxury items, providing support on renovation of her officially allotted bungalow in Delhi, travel expenses, holidays, etc, apart from providing secretarial and logistical help for her travels within India and to different parts of the world." Earlie

Adani Energy Solutions commissions 765 KV Warora-Kurnool Transmission line

Warora-Kurnool Transmission is the largest 765 kV D/C (hexa conductor) TBCB (tariff-based competitive bidding) project ever awarded under a single scheme

Adani-owned Ahmedabad airport's plan to hike fees has airlines fuming

Airlines have said the sudden hike is illegal and will make charter operations unaffordable

Adani partnership remains steadfast: IHC on Adani units' stake sale

IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

Stake sales by promoters, private equity investors 2.2 times of 2022

The Nifty Midcap 100 index has rallied 27 per cent, while the Nifty Smallcap 100 index has rallied 30 per cent

Adani Group bags Rs 13,888 cr worth contracts for smart meter installation

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters. A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI. The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said. The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said. Letter of Awards have been issued to the successful firms, as per the communiqu. Officials from Adani Group were not immediately available for comment. The group's transmiss

Mumbai airport recorded 32% increase in passenger traffic in August

The airport noted that it had observed a 108 per cent recovery in passenger traffic in August 2023 compared to the pre-pandemic level in August 2019

Adani's 5.2 MW wind turbine listed in RLMM; can produce for global markets

Adani Wind announced that its 5.2 MW wind turbine generator (WTG) has been enlisted in the Revised List of Models and Manufacturers

Adani scam exposed role of tax havens in hiding regulatory violations: Cong

The Congress on Thursday alleged that the "Adani scam" has exposed the role tax havens play in hiding large-scale violation of Indian laws, and said the issue should have discussed at the recent G20 Summit. It also said that if a Joint Parliamentary Committee (JPC) probe is ordered into the allegations against the Adani Group, it will have to make sure that any loopholes for round-tripping and money-laundering are effectively shut. In a post on X, Congress general secretary Jairam Ramesh said the rise in Indian outward direct investment in the past 25 years has been a sign of deepening globalisation. "However, it is disturbing that offshore tax havens like Bermuda, Jersey and Cyprus rank among the top 10 destinations for Indian investment, according to the RBI," he said. This is in addition to Mauritius that has long been suspected as a preferred destination for Indian money-laundering and round-tripping, the Congress leader noted. "The Adani MegaScam has exposed the critical role

Sebi suppressed facts on stock manipulation by Adani: Petitioner tells SC

Market regulator SEBI suppressed important facts from the Supreme Court and "slept over" Directorate of Revenue Intelligence's letter on alleged stock manipulation by the Adani firms, one of the PIL petitioners in the Adani-Hindenburg row has alleged in the top court in an affidavit. The apex court is seized of four PILs on the Adani-Hindenburg controversy including those by lawyers M L Sharma and Vishal Tiwari, Congress leader Jaya Thakur and law student Anamika Jaiswal. On August 25, SEBI had informed the apex court it has completed the probe in all but two allegations against the Adani group, and is still awaiting information from five tax havens on the actual owners behind the foreign entities that have invested in the conglomerate. The Securities and Exchange Board of India (SEBI), in a status report to the Supreme Court, said out of the 24 matters it was probing, findings in as many as 22 are final. In an affidavit filed before the top court, Anamika Jaiswal has said while th

Adani, Emirates, Tata interested in SriLankan Airlines, claims report

Private companies, including Tata Sons, Adani Group, and Emirates, engage in discussions as the Sri Lankan government looks to privatise SriLankan Airlines

Adani Group accused of secret share trading: Here's what we know

The latest report by the Organised Crime and Corruption Reporting Project (OCCRP) against Adani Group alleges Gautam Adani's family invested millions of dollars in its own companies >

India's rise eyesore for many: BJP on Oppn attack on govt over Adani issue

India's rise as a strong nation has become an eyesore for many people, the BJP said on Thursday, amid opposition parties such as the Congress targeting the Modi government over fresh allegations against the Adani Group. The Organised Crime and Corruption Reporting Project (OCCRP) trained its guns on billionaire Gautam Adani's group, alleging that hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family. Latching on to the claims, the Congress targeted the government and said "corruption" in shell companies linked to the conglomerate is getting stronger and only a joint parliamentary committee probe can uncover the truth. Responding to questions on the issue, BJP national spokesperson Sayed Jafar Islam told a press conference that "but this much I would definitely say that there are some forces like George SorosIndia, which used to be a soft nation, is today emerging as a ...

Top headlines: 'INDIA' bloc to begin 2-day meet, dry Aug may slowdown FMCG

Business Standard brings the top headlines at this hour

Adani-Hindenburg row: Sebi's inability to reach verdict worrying, says Cong

The Congress on Saturday said stock market regulator SEBI's inability to reach a conclusive finding on the allegations of round-tripping and money laundering by the Adani Group was "deeply worrying". Congress general secretary Jairam Ramesh said the Securities and Exchange Board of India (SEBI) has admitted this in its status report to the Supreme Court and added only a Joint Parliamentary Committee (JPC) can examine how the government flouted norms and procedures to help Prime Minister Narendra Modi's "favourite business group". "The inability of the Securities and Exchange Board of India (SEBI) to reach a conclusive finding on allegations of round-tripping and money laundering by the Adani Group, as it has admitted in its 25th August 2023 status report to the Supreme Court, is deeply troubling," Ramesh said in a statement. Sharing the statement on 'X', he posted, "SEBI's inability to reach a final conclusion in the matter of round-tripping and money-laundering allegations against

Adani-led promoter group hikes stake in flagship firm AEL to 69.87%

Billionaire Gautam Adani-led promoter group has increased its stake in the group's flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing. Promoter group firm Kempas Trade and Investment Ltd, which had a minimal stake in the firm, acquired 2.22 per cent in the open market between August 7 and August 18, it said. The stake increase comes at a time when US-based boutique investment firm GQG Partners has been buying shares in Adani group firms. GQG has increased its stake in Adani Ports & Special Economic Zone (APSEZ) to 5.03 per cent last month by way of a bulk deal, stock exchange filings showed. GQG now has a stake in five of the 10 Adani Group firms. On August 16, it bought a 7.73 per cent stake in Adani Power Ltd. Promoter group firms Worldwide Emerging Market .

Abu Dhabi's TAQA is not in talks for $2.5 billion investment, says Adani

Earlier, media reports had claimed that TAQA was evaluating an investment of up to $2.5 billion in the power businesses of Gautam Adani

Adani sells shares in Adani Power to GQG Partners, others for $1 bn

Adani Power's shares closed 2.2 per cent lower to settle at Rs. 279.30 apiece on the BSE

Adani group plans to raise Rs 1,498 cr via Indian bond market: Report

Adani Airport Holdings and Adani Ports and Special Economic Zone may tap the market first, with offerings of around 10-15 billion rupees

Adani's Dharavi ambitions

The project ups the stakes on implementation