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The Latest Breaking News from Gautam Adani

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

Congress will have no objection even if Adani goes to live in Pawar’s home, says MPCC chief Patole

Seat sharing talks in the MVA will be smooth since the primary aim was to defeat the BJP, said Maharashtra Congress chief Nana Patole on June 1, 2023

The Hindu

Modi inaugurates grand new Indian parliament

NEW DELHI - Flanked by priests, Hindu nationalist Prime Minister Narendra Modi inaugurated a new Indian parliament on Sunday in a ceremony steeped in religious symbolism but boycotted by opposition parties.

Bangkok Post

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GQG’s Rajiv Jain raises stake in Gautam Adani group by about 10% for $3.5 billion bet

MUMBAI: Veteran investor Rajiv Jain’s GQG Partners LLC has raised its stake in billionaire Gautam Adani’s conglomerate by about 10% and will take part in the conglomerate’s future fund raising, doubling down on what he calls “the best infrastructure assets available in India.”

The Times of India

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress

Congress alleges that the Supreme Court-appointed expert committee and the SEBI have “hit walls” while investigating the Adani group’s transactions and stressed the need for a JPC probe

The Hindu

SEBI proposes curbs on derivative-linked share moves

The Securities and Exchange Board of India (SEBI), India’s market regulator, proposes measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements.

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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Narendra Modi in Australia: a polarising leader meets a divided Indian diaspora

More than 20,000 supporters are expected at a public rally for the Indian PM in Sydney this week. But critics will be just as strident

The Guardian - AU

Gautam Adani stocks lose $10 billion in value as MSCI exclusion weighs

MUMBAI: Gautam Adani-led Adani Group is heading for its worst week since late February as the deletion of two of its entities from the indexes of MSCI and concerns over potential dilution from a fundraising plan have wiped out $10.1 billion in market value.

The Times of India

NDTV plans to launch 9 news channels, set to seek I&B nod

Gautam Adani-owned NDTV is planning to launch nine news channels in different Indian languages, suggests the company’s disclosure before the National Stock Exchange of India.

Newslaundry

Submit report on Adani-Hindenburg probe by August 14, Supreme Court tells Sebi

NEW DELHI: The Supreme Court on Wednesday granted the Securities and Exchange Board of India (Sebi) an additional three months, until August 14, to complete its probe into possible lapses in regulatory disclosures by the Adani Group.

The Times of India

Gautam Adani stocks decline as fundraising plans spur dilution concerns

MUMBAI: Shares of Indian billionaire Gautam Adani’s group declined on Monday after boards of two firms approved proposals to raise as much as $2.6 billion, with market watchers flagging concerns about potential equity dilution.

The Times of India

Adani Enterprises to weigh stock sale months after Hindenburg turmoil

MUMBAI: Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence.

The Times of India

Adani group aims to raise about $800 million for financing green energy projects

MUMBAI: Adani group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said, in what could be the conglomerate’s biggest borrowing since it was slammed by a short seller in January.

The Times of India

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The Hindu

Rahul addresses Yuva Samvada in Gadag

Congress disqualified MP Rahul Gandhi has said that a reading of history will reveal that the RSS has always had an anti-constitutional stand and it stood with the British and the kings and not with common people.

The Hindu

In Gadag and Hanagal, Rahul raises issue of unemployment

Participating in an interaction with youths drawn from varied backgrounds in Gadag on Monday and later addressing a public rally in Hanagal town of Haveri district, Congress leader Rahul Gandhi raised certain pertinent questions concerning the youths including the burning question of unemployment and sought to know from Prime Minister…

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.

Al Jazeera

Q&A: ‘Chilling’: Journalist sued by Adani, cited by Hindenburg

Veteran Indian journalist Paranjoy Guha Thakurta talks about his reporting, meeting Adani and the cases he faces.

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Dynamite News

Gautam Adani meets Sharad Pawar amid Oppn's demand for JPC

Industrialist Gautam Adani met NCP chief Sharad Pawar at the latter's residence in Mumbai on Thursday amid the Opposition's demand for a JPC probe into the Adani-Hindenburg issue. Read further on Dynamite News:

The Times of India

Adani rout has retail India investors snapping up group’s stocks

NEW DELHI: Retail investors in India were buyers in most Adani group companies as the unprecedented selloff sparked by short-seller Hindenburg Research’s allegations corrected their sky-high valuations.

The Guardian - UK

India’s Rahul Gandhi fights ‘excessive’ defamation case

BJP denies involvement in case but some point to Gandhi’s queries over accused industrialist linked to Narendra Modi – and the wider action against political rivals

The Independent UK

Indian opposition lawmakers rally against Modi government

More than 100 Indian opposition lawmakers, including members of the Congress party, have staged a protest march after the end of a parliamentary budget session that was marred by shouting and disruptions to proceedings amid a standoff with Prime Minister Narendra Modi’s government

WEKU

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.

Reuters

Rahul Gandhi to appeal jail sentence

Indian opposition leader Rahul Gandhi will appeal a two-year jail sentence in a defamation case brought against him by lawmaker from Prime Minister Narendra Modi's Bharatiya Janata Party (BJP), local media reported on Sunday.

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.

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