Page 37 - Gautam Adani

Adani row: Cong to stage nationwide protest near LIC, SBI branches on Feb 6

The Opposition is taking this line of argument, that the exposure of LIC and public sector banks like the SBI to the Adani Group has significant implications for middle-class savings

Adani vs Hindenburg: Opposition seeks JPC or SC-monitored probe

The Opposition parties tried to raise the issue in both Houses of Parliament but were disallowed by the chair

Hindenburg bet against India's Adani puzzles rival US short sellers

Typically, investors who want to bet that the company's stock will fall borrow shares in the market and sell them, hoping to buy them back at a lower price, in a practice called short selling

FPI outflows, Adani group's FPO cancellation sour mood for rupee

The domestic currency closed at 82.18 per US dollar as against 81.93 per dollar on Wednesday

Dubious distinction: AEL first to cancel share sale after full subscription

As per data provided by Prime Database, these 29 companies were targeting to raise a cumulative of Rs 11,000 crore

Rs 1,500 crore of Adani Enterprises short-term debt to mature by April 27

The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation

NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework

When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock

Houses adjourned to stop Oppn from raising Adani issue, says Jairam Ramesh

'Both Houses of Parliament adjourned today till 2pm because Govt did not agree to combined Opposition demand for an investigation'

India's economy resilient to Adani stock rout, says Ashwini Vaishnaw

Vaishnaw declined to comment on how allegations against Adani were being assessed by the government

Adani's morality similar to his Prime Mentor's humility: Congress

The Congress Thursday took a dig at Adani Enterprises over its decision to withdraw its Rs 20,000-crore share sale, saying Gautam Adani speaking of being "morally correct" is like his "Prime Mentor" preaching humility, sobriety and large-heartedness. Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors. Adani Group company stocks have lost over USD 90 billion in value since a US short seller made damning allegations. "Given these extraordinary circumstances, the company's board felt that going ahead with the issue will not be morally correct," Gautam Adani, chairman of Adani Enterprises, said. "The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO," Adani said. Reacting to the remarks, Congress general secretary in-charge communications Jairam Ramesh said on Twit

How Hindenburg Research gave a masterclass in financial globalisation

Even for those Indians who don't have shares in the Adani group, the concern now is the health of their portfolios

Top headlines: Adani in crisis, India Inc to gain from Rs 10 trn infra push

Business Standard brings you the top headlines at this hour

Gautam Adani in crisis as bonds hits distressed levels, stock sale axed

Banks either want more collateral for loans, or are scrutinizing the value of the company's debt to lend against

Gautam Adani loses pole position in net worth to Mukesh Ambani

The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22

Adani rout passes $80 billion as key share sale fails to lift mood

The crisis of confidence plaguing Gautam Adani is deepening, with the selloff in the Adani group shares triggered by Hindenburg Research's fraud allegations rapidly turning into a meltdown

Adani no longer Asia's richest person as stock rout deepens to $74 billion

Wednesday's stock losses saw Gautam Adani slip to 10th on Forbes rich list with an estimated $84.1 billion, just below rival Mukesh Ambani

Australian regulator reviewing short-seller report on India's Adani group

Hindenburg Research last week flagged concerns about the conglomerate, that included its high debt levels, triggering a $65 billion rout in the group's stocks

Mixed day for Adani group stocks, market capitalisation unchanged

The flagship firm Adani Enterprises rose nearly 3.4 per cent after its follow-on share sale managed to sail through

A transparency test for Adani

One lesson that the Hindenburg report has hammered home is that big business groups are best served by transparency in their business and financial dealings

Adani Group pulls off $2.5 billion share sale after jump in final bids

The fully subscribed offering removes one overhang for India's $3.2 trillion stock market, which recently dropped out of the world's five biggest by value