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The Latest Breaking News from Adani Group

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.

Reuters

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 Independent UK

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.

The New Daily

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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:

Dynamite News

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

The Independent UK

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.

Fortune

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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:

Dynamite News

Six Adani group companies settle higher; four firms hit upper circuit

NEW DELHI: Shares of six Adani Group firms out of ten listed entities ended the day in positive territory on Thursday amid an overall weak trend in the equity markets.

The Times of India

Gautam Adani stock rout puts spotlight on billions flowing through Mauritius

The tiny island of Mauritius spent years trying to clean up its image as a base for murky money launderers and shell firms. The short-seller allegations against billionaire Gautam Adani are once again reviving questions about the country’s role as a tax haven for India’s tycoons.

The Times of India

Eight Adani Group companies settle with gains; Adani Enterprises rallies 5%

NEW DELHI: Stocks of eight listed Adani Group firms settled with gains on Monday and Adani Enterprises rose more than 5 per cent amid positive momentum in the broader equity market.

The Times of India

Adani still significant investor in Australia, investment fully functional: High Commissioner Barry O'Farrell

NEW DELHI: Australian High Commissioner Barry O'Farrell on Monday said that Adani group is still a significant investor in Australia.

The Times of India

LIC recoups losses as Adani Group shares rise

NEW DELHI: State-owned Life Insurance Corporation (LIC) has recouped losses on its investment in Adani Group stocks after shares of the apple-to-airport conglomerate rose for the third consecutive session.

The Times of India

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.

Fortune

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The Times of India

Sensex, Nifty rally on firm global cues: Key factors behind stock market surge

NEW DELHI: Equity indices surged on Friday, logging weekly gains with the benchmark BSE sensex rising 900 points amid value buying across sectors.

The Times of India

Star investor Rajiv Jain bets $1.9 billion on embattled Gautam Adani empire

MUMBAI: Adani Group’s stocks surged on Friday after winning a vote of confidence from one of the biggest names in emerging-market investing, helping cap the Indian conglomerate’s best week since late January when a US short-seller’s explosive report triggered an unprecedented rout.

The Times of India

Have lot of admiration, respect for Gautam Adani, his company: Tony Abbott

NEW DELHI: Former Australian Prime Minister Tony Abbott, a known backer of Adani Group's coal mine projects in his country, on Thursday came out in support of the embattled group's chairman Gautam Adani, saying he has a lot of admiration and respect for the tycoon and his company.

The Times of India

Meet the SC-appointed expert panel to probe Adani-Hindenburg saga, stock market volatility

NEW DELHI: In latest development to the Adani-Hindenburg row, the Supreme Court on Thursday set up an expert panel comprising 6 members to look into the protection of Indian investors in the aftermath of a damning report by the US short seller.

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The Times of India

Adani Group sells stakes worth Rs 15,446 crore to GQG Partners

NEW DELHI: The Adani Group has sold stakes worth Rs 15,446 crore to a leading US-based global equity investment boutique GQG Partners, the company said in an official release to the bourses on Thursday.

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

Dynamite News

Adani vs Hindenburg Case: Supreme Court orders setting up of committee headed by ex-apex court judge

Supreme Court orders setting up of committee headed by ex-apex court judge in Adani-Hindenburg Case. Read further on Dynamite News

The Times of India

Roadshows, $3 billion credit from sovereign wealth fund: What Adani Group is doing to restore investors' trust

NEW DELHI: The Adani Group is trying all means to win back investors' confidence in the aftermath of a massive stock rout that has eroded over $140 billion of its market value since January 24.

The Times of India

All Adani stocks end higher first time since Hindenburg report

All 10 Adani Group stocks closed higher, the first such occurrence since the explosive report by US short-seller Hindenburg Research in late January sparked an unprecedented rout in the conglomerate’s shares.

Al Jazeera

Modi govt allowed Adani coal deals it knew were ‘inappropriate’

The Modi govt brought in laws that helped the Adani Group keep its ‘coal-scam era’ deals.

The Times of India

'Why Adani group is an example of bad business practices and not a con'

NEW DELHI: Gautam Adani-owned Adani Group, and specifically it flagship firm Adani Enterprises hold massive amount of debt and is overleveraged, valuation guru Aswath Damodar said in a blog post as the group as a whole reels under pressure in the aftermath of the Hindenburg report.

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