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The Latest Breaking News from Adani

Days after Hindenburg report, leading newspapers carry front page ads for Adani

Two days after the story broke about a New York-based Hindenburg Research’s report placing Adani group in the dock for “brazen stock manipulation and accounting fraud”, leading newspapers carried front page ads from the group.

Newslaundry

Stock market investors lose more than Rs 10.73 lakh crore in two trading sessions

NEW DELHI: Investors' wealth eroded by more than Rs 10.73 lakh crore in just two trading sessions as the market slumped and benchmark BSE sensex slid 1,647.85 points.

The Times of India

Adani vs Hindenburg is front-page news, but what about Adani-owned media houses?

If you’ve invested in a company associated with the Adani group, you’re probably watching the stock market like a hawk. For the second day running, share prices of nine listed companies of the group have tanked, with the group losing nearly Rs 4 lakh crore in market capitalisation.

Newslaundry

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Hindenburg Research stands by its report on Adani, will seek disclosures in US court proceedings

NEW DELHI: Threatened with legal action, US activist investor Hindenburg Research on Thursday said it stands by its report that alleged "brazen" market manipulation and accounting fraud by the Adani group, saying it has a long list of documents it will demand in a legal discovery process.

The Times of India

Adani Group firms lose $9bn in value amid short-seller claims

Hindenburg Research says world’s third-richest person, Gautam Adani, is pulling ‘largest con in corporate history’

The Guardian - UK

BCCI rakes in Rs 4669.99 crore from sale of Women's Premier League teams

MUMBAI: Women's cricket has touched a new glass ceiling in India. It is the latest goldmine that the Indian cricket Board has discovered. On Wednesday, five companies, with the Adani Group leading the race, which made the highest bid-Rs 1289 crore-for the Ahmedabad franchise, splurged as much as Rs 4669.99…

The Times of India

Adani now plans to enter water segment; FPO opens January 27

MUMBAI: Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure.

The Times of India

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NDTV president Suparna Singh, 2 others step down over a month after Adani takeover

More than a month after the Adani Group’s takeover of NDTV, the channel’s group president Suparna Singh, Chief Strategy Officer Arijit Chatterjee, Chief Technology and Product Officer Kawaljit Singh Bedi have resigned from the television broadcasting network.

Newslaundry

NDTV’s largest investors sell shares in bulk deals

LTS Investment Fund Limited, a foreign portfolio investor in NDTV, sold over 5.46 lakh of its shares in the company network in a bulk deal on Wednesday. LTS, which held 9.75 percent of NDTV shares, sold the shares for Rs 358.53 each.

Newslaundry

Stoking the fire

A music studio is a burst of colour and culture in an unlikely place — one of Australia's most controversial coal mines.

ABC News

More than Ukraine war to high coal prices as debate over price caps continue

Why price controls might not work when coal supply is so short

Newcastle Herald

Adani is now NDTV’s largest shareholder, with control over 37% of the company

The Adani group’s open offer to NDTV shareholders came to an end today, with 31.79 percent shares of the 167 lakh shares in the open offer subscribed. This is approximately 8.26 percent of the company’s total shares.

Newslaundry

Day after Roys quit NDTV promoter board, Ravish leaves channel

A day after Prannoy Roy and Radhika Roy quit as the directors of the board of NDTV promoter RRPRH, noted journalist Ravish Kumar resigned from the channel on Wednesday. The company has “agreed to his request” for the resignation “to be effective immediately”, according to an email sent to the…

Newslaundry

Adani Group bags Dharavi redevelop project with a Rs 5,069 crore bid

MUMBAI: The Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday.

The Times of India

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The Guardian - AU

Afternoon Update: Nationals spark Indigenous voice row; Daryl Maguire charged; and China’s escalating protests

Voice campaigners say the Nationals are ‘out of touch’ with regional Australia

The Guardian - AU

‘Still creeped out’: Queensland activist asks Adani to destroy surveillance photos taken of family

Ben Pennings says matter continues to cause ‘anxiety’ after nine-year-old photographed, according to letters

Reuters

Protesters, police clash over Adani port in India's Kerala; over 80 hurt

More than 80 people were wounded in India as villagers protesting to halt construction of the $900-million Vizhinjam port project by India's Adani Group clashed with police in Kerala state, the latest escalation in a months-long strike.

Newslaundry

‘Fair and reasonable’: NDTV’s panel of independent directors on Adani offer

NDTV’s committee of independent directors has published its recommendations on Adani’s open offer, calling it “fair and reasonable”.

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Newslaundry

From Adani to climate change: What are the issues of apple growers this election season?

The apple belt is important to Himachal Pradesh’s electoral landscape. The apple crop makes up about 13 percent of the state’s economy. Early this year, apple farmers protested against increasing prices of cartons in which they sell their apples, GST, and also big corporations like Adani ‘lowering’ the prices. We…

The Times of India

Adani seeks OK to distribute power in Thane, Navi Mumbai

MUMBAI: Adani Electricity, which supplies power to 30 lakh consumers in Mumbai, plans to foray into Thane, Navi Mumbai, Panvel and Uran to supply electricity. It has already made an application for discom licence for these supply areas before the Maharashtra Electricity Regulatory Commission (MERC).

The Times of India

Vizhinjam Port: Kerala govt not giving police aid, Adani Group at HC

KOCHI: Adani group, which is constructing the first phase of the Vizhinjam International Seaport, has approached the Kerala High Court seeking contempt of court action against the CPM-led state government for not providing police protection as ordered by the court so as to continue building the port.

Newslaundry

What moralistic takes on Adani-NDTV saga miss

Barely a few years after India’s independence, Jawaharlal Nehru used the phrase “jute press” to refer to the leading barons of Indian media. The phrase was a thinly-veiled dig at some of the prominent newspapers owners – like the Jains, Birlas and Goenkas – who had first made money in…

Newslaundry

Reporters Without Orders Ep 235: Adani’s NDTV takeover, UP man helps catch mother’s rapists after 30 years

This week, it’s an all-Newslaundry panel as host Basant Kumar is joined by Nidhi Suresh and Ayush Tiwari.

The Times of India

NDTV shares continue to climb; hit upper circuit for 7th day

NEW DELHI: Shares of New Delhi Television Ltd (NDTV) continued to march higher on Friday, climbing 5 per cent, to hit its upper circuit limit.

The Times of India

Adani Transmission eclipses India giants in value with 125% rise

Adani Transmission has blown past entrenched corporate giants to become India’s 10th-largest listed firm by market value as part of a broader runaway rally in Adani Group stocks.

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