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The Latest Breaking News from Adani Group

TNERC rules in favour of Adani Group firm, sets aside Tangedco’s communication

TNERC rules in favour of Adani Group firm Kamuthi Renewable Energy Ltd., sets aside Tangedco’s communication seeking segregation of the firm’s 72 MW-solar project into two and payment of different tariff rates, as illegal and without jurisdiction. Firm entitled to ₹7.01/unit tariff for entire 72 MW-project, as it was commissioned…

The Hindu

Successive govts. failed to adopt best strategies to avoid accidents at Muthalapozhi

The latest accident in the Muthalapozhy fishing harbour channel, which claimed four lives, appears to have evoked some knee-jerk reactions. The Kerala government has convened an urgent meeting of various stakeholders, including the Vizhinjam port developer Adani Group, which has signed an agreement with the Harbour Engineering department for dredging…

The Hindu

Explained | Decoding the expert committee report on Adani

Explaining the expert committee report on Adani which has shown regulatory fault with SEBI

The Hindu

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Chennithala alleges bid to ‘donate’ Kannur airport to Adani Group

Mr. Chennithala was inaugurating a protest march organised by the Kannur District Congress Committee against the alleged neglect of the airport by the Centre and the State.

The Hindu

Adani Group to educate children who lost parents in Odisha train tragedy

Adani Group will take the responsibility of the school education of the wards of those deceased in the tragic Odisha train accident. Read further on Dynamite News:

Dynamite News

An unclean chit: On the SEBI investigation and Hindenburg Research’s allegations

The Court extension to the Securities and Exchange Board of India is a strong case for a closer look at SEBI’s approach to its key mandate of protecting investors

The Hindu

Six entities under lens for suspicious trading in Adani shares: Supreme Court panel

Hindenburg’s report claimed that the Adani empire was the “biggest con in corporate history” engaged in a “brazen stock manipulation and accounting fraud scheme”

The Hindu

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‘Clean chit’: How Adani-owned NDTV reported on SC panel’s report on Hindenburg allegations

As the Supreme Court-appointed expert committee observed on Friday that there was “no coherent pattern of abusive trading” by the Adani group and that some of the charges were “still under investigation”, Adani-owned media house NDTV summed up the 173-page report with this catchphrase: “clean chit”.

Newslaundry

Adani-Hindenburg row: SC to hear PILs seeking probe today

The Supreme Court will on Wednesday hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenberg report issue and the SEBI's plea for an extension of time to submit the report.

Dynamite News

Adani-Hindenburg row: Supreme Court to hear SEBI’s plea on extension of probe time

The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Adani group.

The Hindu

'National champion' Adani beneficiary of favours

India’s government appears to have favoured the Adani Group to grow more rapidly than older peers and avoid regulatory scrutiny on potentially serious concerns.

360info

SEBI should find ultimate beneficial owners of foreign funds invested in the Adani Group, says Congress

The Securities and Exchange Board of India (SEBI) should use all means at its disposal to get clarity about the ultimate beneficial ownership of foreign funds invested in the Adani Group, the Congress said on May 3.

The Hindu

Adani Ports starts $130 million buyback of debt securities

Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on April 24 that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024. Read the full story on The Hindu.

The Hindu

With raids, arrests and hostile takeovers, India press freedom continues to decline

Since Narendra Modi became prime minister in 2014, India has slipped in rank from 140 to 150 in the World Press Freedom Index of 180 countries compiled by Reporters Without Borders.

WEKU

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Financial Times

Rajiv Jain, the investor betting Adani will bounce back from crisis

Founder of GQG ploughed $1.9bn into Indian billionaire’s companies after short seller attack triggered stock plunge

Reuters

India regulator probing some Adani offshore deals for possible rule violations-sources

India's market regulator is investigating possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said.

The Independent UK

Do Adani's woes matter for India's clean energy transition?

Gautam Adani and his companies lost tens of billions of dollars and their stock plummeted after the businesses were accused of fraud and stock price manipulation

The New Daily

Jail for Gandhi after Adani remarks

Gandhi said he was disqualified from Parliament for questioning Prime Minister Narendra Modi about his relationship with Gautam Adani, founder of the Adani Group business conglomerate.

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Dynamite News

Rahul Gandhi Again Trains Guns At PM Modi: Why so much fear of probe into Adani issue

Congress leader Rahul Gandhi on Monday again attacked Prime Minister Modi why there was no investigation into the investment of people's retirement fund in the Adani group even after various allegations. Must read further on Dynamite News:

Dynamite News

Opposition MPs march towards Vijay Chowk in black attire in a bid to show unity against Centre

In an attempt to show unity, the opposition parties protested against the Centre over the Adani Group issue wearing black attire and marched from the Parliament complex towards Vijay Chowk in the national capital on Monday. Read further on Dynamite News:

The Independent UK

India's Rahul Gandhi accuses PM Modi of favoring Adani Group

India’s top opposition leader Rahul Gandhi says he was expelled from Parliament because he has raised serious questions about Prime Minister Narendra Modi's relationship with the business conglomerate Adani Group

Fortune

Jack Dorsey's Block is the latest company targeted by a notorious short-seller

The short-seller put out an accompanying report, alleging that Block's Cash App has inflated user counts and consorted with criminals.

Dynamite News

Parliament Budget session: Opposition leaders to march to ED Office, hand over complaint on Adani issue

Several Opposition MPs on Wednesday morning, gathered for a meeting Rajya Sabha leader of opposition and Congress president Mallikarjun Kharge's Parliament chamber over the Adani Group issue. Read further on Dynamite News:

Fortune

American investment fund led by the anti-Cathie Wood rides to the rescue of Indian tycoon accused of fraud

Star fund manager Rajiv Jain invested $1.9 billion in Gautam Adani's industrial conglomerate, just when the beleaguered business magnate needed it the most.

The Independent UK

India's top court orders probe of Adani business group

India’s top court has ordered an investigation into any regulatory failures related to the Adani Group after the conglomerate's shares plunged due to allegations of wrongdoing by a U.S. short-selling firm

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