Page 40 - Gautam Adani

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

Adani takes over Haifa Port for $1.15 bn, promises to invest more in Israel

Dwells on host of key partnerships in Jewish nation, such as Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority; vows to change Haifa skyline with latest deal

Adani to set up AI lab in Israel's Tel Aviv, develop real estate in Haifa

Indian tycoon Gautam Adani's ports-to-energy conglomerate will set up an artificial intelligence lab in Tel Aviv as it looks to leverage on a USD 1.2 billion Haifa port deal to make more investments in Israel. Adani, whose business empire was rocked by allegations of fraud by US short seller Hindenburg Research, appeared alongside Israeli Prime Minister Benjamin Netanyahu for signing of the deal to takeover Haifa Port in Israel, and spoke of investment opportunities. He did not make any mention of the row that has already wiped out over USD 70 billion in value from his group stocks. Adani, 60, said his group will also develop real estate at the port to transform the Haifa skyline. "We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox for us to learn together," he said in his speech. "We are also in the process of setting up an Artificial Intelligence lab in Tel Aviv which will work in close ..

Will keep investing in Israel: Gautam Adani after Haifa port takeover

Adani did not speak about his group's recent share sale or a scathing short-seller's report that has pummelled the Indian billionaire's stocks

Adani Enterprises FPO: Issue fully subscribed on the last day with NII push

Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed

Adani FPO fully subscribed after non-retail investors bid in big volumes

The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data. There was, however, muted response from retail investors and company employees. Retail investors, for whom roughly half of the issue was reserved, bid for just 11 per cent of the 2.29 crore shares earmarked for them. Employees sought 52 per cent of the 1.6 lakh shares reserved for them.

Gautam Adani now no longer among world's top 10 richest billionaires

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

How the 'Madoffs of Manhattan' can unravel billionaire Adani's empire

According to Hindenburg, Adani insiders already own more than 75% of four publicly traded subsidiaries with the aid of offshore shell entities

Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil

Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices