Page 39 - Gautam Adani

Oppn's demand for JPC probe into Adani issue not justified: Jethmalani

BJP MP Mahesh Jethmalani on Friday dismissed the Opposition's allegation that investments by LIC in the Adani Group were made at the government's behest and said there was no justification to the demands for a joint parliamentary committee probe into the matter. Lok Sabha and Rajya Sabha proceedings were adjourned till 2 pm and 2:30 pm, respectively, on Friday due to protests by opposition members into the fraud-allegation-triggered rout in the group's stocks, with members in the Lower House demanding a probe by a joint parliamentary committee (JPC). Wrongdoing in these investments, if any, would be probed by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), the Rajya Sabha member said. "What does the government have to do with this? Nobody has said what the government's role is in this. LIC (Life Insurance Corporation) is an independent organisation. They have decided to make some investments," Jethmalani said. "The SEBI and the RBI will look i

No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch

Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters

Budget 2023: What does the announcement related to P-notes indicate?

Clearly, the govt is worried about inflows in 2022 because of the global economic uncertainty and has decided to encourage inflows via any means possible, PNs included

The decision on FPO will not have any impact on our operations: Adani

Adani Enterprises to review capital raising plans once shares stabilise

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Amid Adani vs Hindenburg row, Cong President Kharge calls opposition meet

Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge called for a meeting of opposition parties on Friday to chalk out a strategy over research group Hindenburg's report on the Adani Group

Parliament likely to witness disruptions over Adani issue for 2nd day

The opposition parties had stalled proceedings on Thursday over the issue and according to sources aware of developments, disruptions are likely to continue

Adani Enterprises shares removed from Dow Jones Sustainability Indices

Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud

Top headlines: Adani group ratings under surveillance, Rs 8,083 cr for PLIs

Business Standard brings you the top headlines at this hour

Gautam Adani in talks to prepay share pledges to boost confidence: Report

The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person

Gautam Adani backers from New York to Tokyo dissect and limit exposure

The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research's fraud allegations last week

Adani's $108 billion crisis shakes foreign investors' faith in India

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

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'