If it moved ahead with any offering and was able to secure investors, it could be the first debt issuance for Adani since shortseller Hindenburg Research alleged fraud and stock manipulation
Adani is an outlier, not representative of India Inc. as a whole," economists Abhishek Gupta, Scott Johnson and Tom Orlik said in their report Tuesday
Adani Enterprises has been in the spotlight since January 24 when the US-based short-seller Hindenburg Research released a report stating that its shares are overvalued
Nathan Anderson, the founder of Hindenburg Research whose damning report led to a USD 100 billion-plus rout in Adani Group shares, has said that his firm has never been banned, its bank account never seized and that it is not under any investigation. Since it published a scathing 100-plus-page report alleging that Adani pulled "the largest con in corporate history" on January 24, there have been comments on social media that Hindenburg had "three criminal inquiries" in the US and that it was banned by the Financial Industry Regulatory Authority (FINRA), its bank accounts frozen and it has been barred from publishing any report on firms listed on the New York Stock Exchange. Anderson, in a tweet, attached a news report "debunking" such "lies" and said Hindenburg was neither banned nor is under any investigation. "We are banned by FINRA (never); Had bank accounts seized (no); Can't publish on NYSE-listed co's (this isn't a thing); Are under investigation (no)," he said. Hindenburg, .
CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)
SBI's Rs 27,000-crore loans to Adani backed by assets, cash flow, says chairman
FM says banking system at comfortable level as bad loans hit new lows
Internally, opposition feels it might be better to focus on an SC-monitored probe, as given its majority in both houses, advantage in a JPC might rest with BJP
More than $118 billion was erased from the market capitalization of his 10 stocks since US-based Hindenburg claimed last week that offshore shell entities were used to inflate revenues
AEL pulled the plug on its fully-subscribed $2.4 billion (Rs 20,000-crore) follow-on public offering FPO
The move is to shield investors against risky and speculative trades
The Opposition parties tried to raise the issue in both Houses of Parliament but were disallowed by the chair
Corporate governance, decline in fundraising capability under scanner
As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore
The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation
Hindenburg said last week that it had taken a short position in Adani's companies through US-traded bonds and non-Indian-traded derivative instruments
Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward
While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route
Power Mech Projects (Power Mech) on Monday said it has bagged three projects, including one from the Adani Group, totalling Rs 1,034.13 crore. In a regulatory filing, the company said it has received service order/letters of award (LOA) worth Rs 1,034.13 crore. A service order for execution of retrofitting of flue gas desulphurisation (FGD) system is from the Adani Group for its thermal power plants located at Mahan (Madhya Pradesh), Raigarh and Raipur in Chhattisgarh, Power Mech said. The order from the Adani Group is of Rs 608 crore, it said. Another order of Rs 306.60 crore is for setting up of a wagon repair workshop at Kazipet, Telangana. This project has been awarded to Power Mech-Taikisha, its joint venture company with Taikisha Engineering India Private Limited. The third project of Rs 119.53 crore is for providing technical expert, rotary technicians operation and maintenance services at Dangote Petroleum Refinery and Petrochemicals Project, Lagos, Nigeria. The contract
Beverage major Coca-Cola India on Thursday said it is partnering with Adani Group subsidiary -- Adani Digital Labs -- to optimise the reach of its brands to consumers across the country. As part of this, Coca-Cola India is working with Adani Digital Labs to use the consumer-centric platform for product sampling and develop deep consumer insights, a joint statement said. Coca-Cola is among the first brands to make its products available on this platform, it added. Under this, select new products under Coca-Cola India's portfolio, namely 'Fanta Apple Delite' and 'Charged by Thums Up' will be made available for sampling at some of India's top airports. Adani Digital Labs is the digital arm of Adani Group, which allows brands to interact with large numbers of travellers and target customers with high spending and purchasing power. The platform is currently live at the seven key airports located in Mumbai, Ahmedabad, Jaipur, Lucknow, Guwahati, Mangalore, and Thiruvananthapuram & Adani