Thursday, Mar 23, 2023
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Adani Group

Gautam Adani

Hindenburg Effect: Mukesh Ambani Becomes The Richest Indian As Gautam Adani’s Wealth Slips 60%

Ambani also suffered a decline in his fortune but could displace Adani as the richest Indian as his networth declined by 20 per cent to $82 billion

22 March 2023

Devendra Fadnavis

Dharavi Redevelopment: Maha Govt Says LoI To Be Issued Only After Financial Capability Is Established

Devendra Fadnavis, Deputy Chief Minister of Maharashtra, said Tuesday the Adani group will get the Letter of Intent (LoI) only after it proves their financial capability to execute the Dharavi redevelopment.

21 March 2023

Adani Group

Adani Says Mundra Petrochemical Work Suspended As Finances Not Tied-Up Yet

The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the...

20 March 2023

Governance, Funding Info Key To Adani Ratings: S&P

Last month, S&P Global Ratings revised outlook on Adani Ports and Adani Electricity to negative from stable after the report of Hindenburg Research alleged significant governance issues

22 March 2023

A landscape view of Dharavi.

Adani Group Will Have To Prove Its Financial Capability To Receive LoI For Dharavi Redevelopment, Says Maharashtra

Maharashtra Deputy Chief Minister Devendra Fadnavis, however, maintained that the tendering process was transparent and not flawed

21 March 2023

West Indies all-rounder Deandra Dottin (center)

Gujarat Giants Gave 'Bewildering' Reasoning For My Omission: Deandra Dottin

West Indian Deandra Dottin has expressed disappointment at her exclusion from Women's Premier League franchise Gujarat Giants, terming it "bewildering".

20 March 2023

Need To Reduce Airports' Operating Costs By 30-50%: Adani Airports CEO

The passenger handling capacity will be 20 million in the first phase of Navi Mumbai airport. Adani Airports is also operating Mumbai airport

22 March 2023

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Adani Group is under the scanner after Hindenburg accused it of fraud and market manipulation

Hindenburg Fallout: Adani Group Suspends Work On Rs 34,900 Crore Petrochemical Project

Adani Group had planned the project as PVC demand in India at around 3.5 MTPA was growing at the rate of 7 per cent year-on-year

19 March 2023

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18 March 2023
Adani Transmission Incorporates Adani Electricity Nashik For Distribution Business In Nashik

Adani Transmission Incorporates Adani Electricity Nashik For Distribution Business In Nashik

AENL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on March 16, 2023


17 March 2023
Seven Adani Group Stocks End Higher; Adani Enterprises Jumps 2%

Seven Adani Group Stocks End Higher; Adani Enterprises Jumps 2%

The NSE and the BSE on Thursday announced that three Adani group firms -- Adani Enterprises, Adani Power and Adani Wilmar -- will be moved out from the...


17 March 2023
Both Houses Of Parliament Adjourned Till Monday After Row Over Rahul Gandhi's Remarks, Adani

Both Houses Of Parliament Adjourned Till Monday After Row Over Rahul Gandhi's Remarks, Adani

Minister of State for Parliamentary Affairs V Muraleedharan listed the business of the House for the week starting March 20 and said according to government...


17 March 2023
NSE, BSE Remove 3 Adani Group Stocks From Short-Term Surveillance

NSE, BSE Remove 3 Adani Group Stocks From Short-Term Surveillance

The NSE and the BSE had put the three Adani group firms, including the flagship firm Adani Enterprises, under the ASM framework on March 8


16 March 2023
Adani Group Says Vinod Adani Is Part Of Promoter Group

Adani Group Says Vinod Adani Is Part Of Promoter Group

Vinod Adani is widely reported to be working out of Dubai in the United Arab Emirates. Regulatory filings show he is a Cypriot national


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15 March 2023
Opposition Attacks Govt Over Adani Group Involvement In Defence Sector

Opposition Attacks Govt Over Adani Group Involvement In Defence Sector

Congress also posed a set of questions to Prime Minister Narendra Modi, asking why he was 'sacrificing India’s national security interests for the financial...


15 March 2023
Adani Row: Opposition Asks ED To Take Immediate Action After Protest March Halted

Adani Row: Opposition Asks ED To Take Immediate Action After Protest March Halted

Earlier today, a march organised by 18 opposition parties which started from the Parliament House was stopped by the police at Vijat Chowk in Delhi. The...


14 March 2023
Govt Using ED, CBI To Harass Opposition Leaders: Yechury

Govt Using ED, CBI To Harass Opposition Leaders: Yechury

Sitaram Yechury, general secretary of the CPI-M, charged the government with harassing opposition leaders by using the Enforcement Directorate and CBI over the...


14 March 2023
How Mutual Funds Positioned Themselves In Adani Group Shares in February

How Mutual Funds Positioned Themselves In Adani Group Shares in February

Vedanta, Tata Power, Bank of Baroda and UPL were some other prominent shares in which mutual funds sold their stakes in February


13 March 2023
Indian Markets Have Become Stronger, Absorbed Adani Group Event: RBI MPC Member Ashima Goyal

Indian Markets Have Become Stronger, Absorbed Adani Group Event: RBI MPC Member Ashima Goyal

In a January 24 report, US short seller Hindenburg Research flagged “substantial” debt levels at Adani Group while alleging accounting fraud and use of...


13 March 2023
'Confused Me With Adani': Tejashwi Yadav Challenges ED Raid Claims In Land-For-Jobs Case

'Confused Me With Adani': Tejashwi Yadav Challenges ED Raid Claims In Land-For-Jobs Case

According to a statement by ED, proceeds of crime amounting to ₹600 crore approximately was detected in the form of immovable properties of ₹350 crore...


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13 March 2023
Fitch Affirms 'BBB-' Rating Of Adani Electricity Mumbai, Its $2-Billion Note Programme

Fitch Affirms 'BBB-' Rating Of Adani Electricity Mumbai, Its $2-Billion Note Programme

The rating agency said, it has affirmed the 'BBB-' rating on Adani Electricity Mumbai Ltd (AEML) US dollar senior secured notes due 2030


13 March 2023
Congress Holds Pan-India Protests Over Adani-Hindenburg Row, Workers Detained

Congress Holds Pan-India Protests Over Adani-Hindenburg Row, Workers Detained

The opposition party has been attacking the BJP after the US-based short seller Hindenburg Research made a litany of allegations, including fraudulent...


13 March 2023
No Government Committee To Probe Hindenburg Allegations Against Adani Group: Finance Ministry

No Government Committee To Probe Hindenburg Allegations Against Adani Group: Finance Ministry

Minister of State for Finance said that the DRI investigation on coal import has not been finalised


13 March 2023
Adani Group Stocks Hit Upper Circuit On $2.15 Billion Loan Repayment

Adani Group Stocks Hit Upper Circuit On $2.15 Billion Loan Repayment

Adani group completed full prepayment of margin-linked share-backed financing worth $2.15 billion


13 March 2023
Adani Repays $2.15 Billion Share-Backed Loans, Prepays Ambuja Cements Debt

Adani Repays $2.15 Billion Share-Backed Loans, Prepays Ambuja Cements Debt

Weeks after the scathing Hindenburg Research report, the Adani group’s promoters have also prepaid a $500 million-worth debt taken for Ambuja Cements


12 March 2023
Adani Shares Block Deal Helps FPIs Investment Into Equities Turn Positive In March

Adani Shares Block Deal Helps FPIs Investment Into Equities Turn Positive In March

FPIs are likely to be cautious in their approach in the coming days as the collapse of the SVB Bank in the US has impacted sentiments in the marke


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