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Adani Group CFO Jugeshinder Singh dismissed the allegations as 'baseless,' assuring stakeholders of no direct involvement by any Adani entity in unlawful acts
There is no point in protecting Adani, government has to protect the people of the country who have invested thousands of crores in Adani's companies, he urged
The stocks command a market capitalisation between Rs 5 560 crore and Rs 89,058 crore
Meanwhile, among private banks, who only 4 per cent share in Adani group's debt, Yes Bank, ICICI Bank, IDBI Bank, and IndusInd Bank, and others have substantial exposure to the group
May escalate matter for board-level discussion
Post Hindenburgh's allegation, the group's market capitalisation declined to Rs 6.8 trillion on February 27, 2023. But it recovered later
Exchanges have sought clarification from the group entities on LODR-related lapses, if any
Benchmarks register third-best day of this year
The government has been pushing to promote project exports and sees it as a next big opportunity
TotalEnergies bought a 20% stake in Adani Green Energy in January 2021 - after the Indian company won what was then the world's largest solar order
AGEL's plans to increase its capacity more than five-fold to 50 GW by 2030
The banker said most of the group firms have stable cash flows and are not in "desperate need" to raise capital
S&P Global Ratings in a statement said US indictment of three board representatives of Adani Group entity could affect investor confidence in other group entities
In post-Covid period, their net worth has grown at a faster clip than borrowing
Congress demands JPC probe; BJP says DMK, BJD, YSRCP are 'close to Cong'
Sebi may now launch fresh inquiries. Parliament will open to uproar, and Adanis' access to foreign capital will become impossible. The damage this time will be deeper and longer-lasting
Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over $250 million bribe to Indian officials
Lawyers added that while the US laws allow for settlements in bribery cases, governed by the Foreign Corrupt Practices Act, India does not have any law for settlement of bribery charges
Reports reveal that a US arrest warrant has been issued for Gautam Adani. Watch the video to know the details.
Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern