Page 32 - Gautam Adani

Combined equity market value of 10 Adani Group firms slips below $100 bn

Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group's access to financing

Adani Cement's ACC and Ambuja to resume Himachal Pradesh operations

India's Adani Cement, part of the embattled Adani Group of companies, said its ACC and Ambuja Cements businesses will resume operations at two plants in the Himachal Pradesh

Gautam Adani decides against bid for stake in power trader PTC India

A representative for the Adani Group said the company had not bid for PTC nor contemplated doing so

Adani down to 25th richest on Forbes, Bloomberg lists; net worth at $48 bn

Gautam Adani's net worth slipped to less than $50 billion for the first time in several years, on Monday

Stock bearing the brunt of Adani Group rout is at risk of more losses

Adani Total was down by its limit in early trading on Monday. It has done so each day since Jan. 27.

Top headlines: Adani maps comeback strategy, Economic activity cools in Jan

Business Standard brings you the top headlines at this hour

Hindenburg effect: Adani maps comeback strategy after $132 billion rout

The ports-to-power conglomerate helmed by Adani - who used to be Asia's richest person - is hoping to claw back the narrative with this playbook and calm jittery investors and lenders

Adani row not to impact India story, says industry doyen K P Singh of DLF

The turmoil engulfing Gautam Adani's business empire following damning allegations by a US short seller, has not shaken the faith of global investors in India, real estate doyen K P Singh said rubbishing suggestions that banks would have lent to Adani group on instructions from higher-ups. The punishing stock market sell-off Adani group companies have seen following the January 24 report of Hindenburg Research is a temporary blip concerning just one corporate group and hasn't harmed faith in India as an investment opportunity, he told PTI in an interview. He, however, felt the Adani group needs to "beef up" capital and cut down debt to continue to remain on the high growth trajectory. Known for his plain speaking, Singh cited how a Canadian firm had threatened to bring out a report when his retail estate firm DLF was bringing out an IPO one-and-a-half-decade back. "We said push-off (to the Canadian firm)... do whatever you can ," he said, adding there are "blackmailers" who bring o

Adani crisis: BJP hits back at billionaire investor George Soros

To a question, Irani said Soros's statements should not be merely seen as an attempt to tarnish Modi's image as he is also talking about changing the government

Why related party transactions may need more regulatory attention

The practice picked up during the pandemic, come into focus as Adani controversy unfolds

Adani's crisis to spark democratic revival in India, says George Soros

The fallout from US short seller Hindenburg Research's attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country's regulatory framework

Adani Group aims to tackle debt deadlines with cash, private notes

The management said on the call it was seeking to cut the group's net debt to below three times Ebitda (earnings before interest, taxes, depreciation, and amortization) next year

Indian Oil clarifies on Adani Gas deal after public scrutiny: Report

An Indian Oil spokeswoman said on Thursday that the agreement with Adani was signed very recently and there was no commitment on capacity use

S&P puts Adani Transmission's ESG rating under review on governance issues

Will closely monitor developments, including any investigations by the Indian regulators and any additional disclosures by the Adani group, S&P said in a statement

Adani Green to disclose refinancing plan after fiscal year ends: Source

Adani and two of its main subsidiaries, including Adani Green, caught up in a short-selling storm in recent weeks are holding calls with bond investors on Feb. 16 and Feb. 21

Adani Group denies reports of hiring Grant Thornton for audits amid crisis

Adani Group | Grant Thornton: Media reports suggested that embattled Adani Grpup had appointed accountancy firm Grant Thornton for an independent audit of a few of its companies in a bid to come clean

Adani Group to consider privately placed bond offerings for 3 subsidiaries

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

Borrowing blitz makes Adani's empire even more vulnerable amid worst crisis

The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years

Retail investors keep faith on India stocks despite recent Adani rout

Retail investors such as Mistri are part of a groundswell that is changing the face of the world's second-biggest emerging market

Three Adani stocks could face MSCI axe in May as sell-off tops $400 mn

The stocks on watch are Adani Power, Adani Total Gas and Adani Transmission; analyst says Adani Green Energy may also get deleted from index