Page 3 - Adani

Made investments in Adani firms independently after due diligence, says LIC

Life Insurance Corporation of India (LIC) on Saturday said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence. "Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said in a statement posted on X. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Its investment value in India's top 500 companies has grown 10-fold since 2014 -- from Rs 1.56 lakh crore to Rs 15.6 lakh crore -- reflecting strong fund management. "The investment decisions are taken by LIC independently as per Board-approved policies after detailed due diligence," LIC said. "LIC has ensured the highest standards of due diligence and all its investment decisions have been undertaken in compliance with extant policies, provisions in the Acts an

Savings of LIC's 300 mn policyholders 'misused' to benefit Adani: Congress

The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..

Colombo terminal with Adani funding tops Sri Lanka's FDI inflows in 2025

The Colombo West International Terminal (CWIT) was the largest contributor to Sri Lanka's Foreign Direct Investment inflows during the first nine months on this year, investing USD 229 million in state-of-the-art port infrastructure, the Board of Investment said on Tuesday. The CWIT is an investment from Adani International Port Holdings Pte Ltd (India) and John Keells Holdings PLC in partnership with the Sri Lanka Ports Authority. The Board of Investment (BOI) announced that Foreign Direct Investment inflows including foreign commercial loans for investments to BOI-approved enterprises have reached USD 827 million during the period January to September 2025, marking a remarkable 138 per cent increase compared to the corresponding value during the period in 2024. It said that the CWIT invested USD 229 million in "state-of-the-art port infrastructure under a strategic development agreement". It will expand the port's capacity by 3.2 million twenty-foot equivalent units (TEUs), ...

Govt scraps tax exemption on imports of missile parts amid Adani prob

In September, the government said it would free up all such parts, whether for long- or short-range missiles, from import taxes, in a boost for defence companies

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