Jairam Ramesh. File | Photo Credit: ANI The Congress on October 26 cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate. Congress general secretary Jairam Ramesh’s attack on the Adani Group came after a media … Read more
AAP spokesperson Reena Gupta. File The Aam Aadmi Party (AAP) on October 4 alleged that the Enforcement Directorate (ED) has “targeted” their Rajya Sabha MP Sanjay Singh as he raised issues related to the Adani Group in Parliament. “The party was reacting to the ED raids on the premises of Mr. Singh in connection with … Read more
BENGALURU – India’s market regulator has examined the funds named by a non-profit media organisation that were allegedly involved in investing millions of dollars in some publicly traded stocks of India’s Adani Group, said sources aware of the matter. According to the Organised Crime and Corruption Reporting Project (OCCRP), offshore structures based in Mauritius purchased … Read more
“Nifty is approaching its next critical support area of 19,200. If we look at the overall call put concentration so 19,200 is having now major put writing activity,” says Rajesh Palviya, Axis Securities. Where are you seeing Nifty 50 as well as Bank Nifty headed for the upcoming week because we have a lots of … Read more
Veteran fund manager Rajiv Jain said his GQG Partners LLC holds about $13 billion in India stocks and plans to buy more, downplaying corporate governance and political risks associated with his headline-generating investments in billionaire Gautam Adani’s beleaguered conglomerate. GQG holds positions in companies, including cigarette and hotel group ITC , the country’s biggest drugmaker … Read more
New Delhi: Six entities including four foreign portfolio investors (FPIs) are under lens for suspicious trading in Adani group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of … Read more
Mumbai: The Adani Group is in talks with lenders to raise about $1 billion for financing its upcoming green energy projects and has sounded out potential investors, said people with direct knowledge of the matter. The group has begun discussions with a group of foreign banks to syndicate the loan, which will be the first … Read more
CNN — Indian opposition leader Rahul Gandhi said on Saturday he had been disqualified from parliament because he has been asking Prime Minister Narendra Modi tough questions about his relationship with Gautam Adani, founder of the Adani conglomerate. Modi’s Hindu nationalist Bharatiya Janata Party responded saying Gandhi had been punished under the law for a … Read more
Congress leader Jairam Ramesh the Adani Group has repeatedly brushed aside questions about Vinod Adani, elder brother of the Group’s chairperson Gautam Adani, by claiming that he is uninvolved with decision-making but fresh disclosures show this to be a “laughable deception”. | Photo Credit: Shiv Kumar Pushpakar Under the Hum Adani Ke Hain Kaun (HAHK) … Read more
MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance assessments of Adani Group entities, after the Indian conglomerate was caught up in a short-selling storm in recent weeks. Seven listed Adani Group companies lost over $100 billion in market value combined after a Jan. 24 report by Hindenburg … Read more