Page 29 - Gautam Adani

GQG Partners sees $2 billion Adani bet delivering returns over 100%

The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation

Ambani regains Asia's richest person spot, Adani tumbles to 24: Forbes

Steel magnate Lakshmi Mittal was ranked at No. 5 followed by OP Jindal Group matriarch Savitri Jindal, Sun Pharma's Dilip Shanghvi and Radhakishan Damani, whose Avenue Supermarts owns the DMart

Sebi to probe Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire Gautam Adani over the last 13 years

Sebi probing some Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by Gautam Adani over the last 13 years, the report said

Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt

People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities

Adani pins hopes on 20% earnings growth every year to repay $23 bn debt

Embattled Adani Group is looking at a 20 per cent growth in earnings across businesses spanning from sea ports to airports, edible oil and commodities, energy, cement and data centres, to repay about USD 23 billion of debt over the next 3-4 years in a comeback strategy, sources said. Adani group executives have met bankers, bond holders, analysts and investors from Singapore to the US in the last three weeks to address stakeholders' concerns in the aftermath of a damning US short seller report that ripped off USD 135 billion in market value of listed companies of the conglomerate. Sources aware of the development said Adani at these roadshows presented the growth story of the sprawling conglomerate that is refocusing its energies on higher efficiency in business and bringing down debt rather than breakneck speed expansion. The group saw a 20 per cent growth in EBITDA or earnings before interest, taxes, depreciation, and amortization, helping it pare debt. Between 2013 and 2022, ...

Adani airports' duty-free shops to give more space to non-liquor items

Liquor ++ strategy for extracting maximum revenue from duty-free shops at seven airports run by the group

CRISIL lowers outlook on Adani Airport Holdings from 'stable' to 'negative'

The outlook revision indicates that the standalone credit profile of AAHL may weaken

Adani group met Pimco, BlackRock for potential private bond placement

Adani seeks to reassure international investors that the ports-to-power empire's finances are under control

Fitch says, two Adani entities facing 'heightened contagion risks'

(Reuters) -Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility

Rajya Sabha adjourned till Monday amid Oppn uproar over Adani issue

Rajya Sabha proceedings were adjourned till Monday amid uproar with Opposition members raising slogans demanding a JPC probe into the allegations against the Adani Group. Soon after the Upper House reassembled at 2 pm, following an adjournment in the pre-lunch session, Chairman Jagdeep Dhankhar gave the floor to Secretary General PC Mody to inform the members about a message from Lok Sabha that the Competition (Amendment) Bill, 2022 has been passed and laid a copy of the bill amid slogan shouting by the opposition MPs. The chairman then took up the motion for nomination to the Joint Committee on the Forest Conservation Amendment Bill, 2023 and asked Environment Minister Bhupender Yadav to move it. Yadav moved the motion to nominate Rajya Sabha members Ashok Bajpai, Anil Baluni, Samir Oraon and CM Ramesh (all BJP), Jawhar Sircar (AITC), Prashanta Nanda (BJD), Hishey Lachungpa (SDF), Birendra Prasad Baishya (AGP) in the committee besides two members to be nominated by the chairman. A

Adani Ent zooms 7% as Group CFO refutes report of incomplete debt repayment

The Group refuted The Ken news report, stating it as "baseless and deliberately mischievous".

Adani's AMG Media acquires 49% in Quintillion Business Media for Rs 48 cr

Billionaire Gautam Adani's AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in May last year. The transaction was completed on March 27 for "Rs 47.84 crore", it said. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime. Adani group had set up AMG Media Networks for its foray into businesses of "publishing, advertising, broadcasting, distribution of content over different types of media networks". In May last year, it had signed a shareholders' agreement with Quintillion Media Ltd (QML) and QBML. In September 2021, it hired veteran journalist Sanjay Pugalia to lead its media company Adani Media Ventures.

Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt

Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani

Gautam Adani lost Rs 3,000 crore a week in 2022-23: M3M Hurun report

The combined market-capitalisation (market-cap) of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public

Adani Airports to bid for more airports to become leading operator: CEO

In the last round of airport privatisation by the government, Adani Airports won bids to operate six airports

Cong says NSE lifted ASM on Adani Group stocks, questions SEBI's 'inaction'

The Congress claimed on Friday that the National Stock Exchange (NSE) has lifted additional surveillance on some Adani Group company stocks and asked why stock exchange regulator Securities and Exchange Board of India (SEBI) is standing by and allowing investors to take on added exposure to such stocks. Congress general secretary, communications Jairam Ramesh posed questions on Twitter to Prime Minister Narendra Modi on the Adani issue as part of the opposition party's "Hum Adanike Hain Kaun" series. "Another day of adjournment and protest. The PM-linked Adani 'Maha Mega Scam' continues to be the subject of agitation by the Opposition and stonewalling by the Government. Here is HAHK (Hum Adanike Hain Kaun)-31. Chuppi Todiye Pradhan Mantriji," Ramesh said in a tweet. He claimed that even as global index providers such as MSCI, S&P Dow Jones and FTSE Russell reviewed the position of the Adani stocks in their equity indices, the NSE went the other way and included five Adani Group ...

Vinod Adani part of promoter group of various listed firms: Adani Group

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Vinod Adani is part of promoter group of listed entities: Adani group

Vinod Adani, the little known elder brother of Adani group founder Gautam Adani, is part of the promoter group, the conglomerate has said after questions were raised about his status following short seller Hindenburg Research naming him prominently in its scathing report on the Adani group. "We would like to submit that Gautam Adani and Rajesh Adani are individual promoters of various listed entities within the Adani group and Vinod Adani is an immediate relative of the individual promoters," the group's flagship Adani Enterprises said in a stock exchange filing on Thursday. Accordingly, as per the applicable Indian regulations, "Vinod Adani is part of the 'promoter group' of various listed entities within the Adani group." In response to Hindenburg questioning the role of Vinod Adani, 74, in the Adani group where it alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices, the apples-to-airport conglomerate had in January

Cong demands JPC into Adani row, blames govt for impasse in Parliament

The Congress on Tuesday said the Modi government's refusal to allow the Opposition to raise its demand for a JPC into the Adani issue was to be blamed for the impasse in Parliament. Amidst stepped up opposition demand for a Joint Parliamentary Committee (JPC) probe into the Adani issue, Congress leader Rahul Gandhi levelled a slew of allegations against the Modi government on its foreign policy and claimed that it was aimed at benefiting the Adani Group. "Is the objective of India's foreign policy to make Adani richer? In the last nine years, Modi ji has kept India in 'bhram (misled)' and Adani in 'vishwa bhraman (global travel)' along with him," Gandhi alleged in a video in Hindi. Asked about Congress' allegations, Union minister Giriraj Singh said, "Adani had made it clear that the first break was given to him was given by (Congress CM) Chimanbhai Patel...the second break was given by Rajiv Gandhi. (They believe that) if Adani does development for the country then it should be onl