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
Mumbai: Adani Group on Thursday said US-based boutique investment firm GQG Partners has picked up equity stakes worth $1.87 billion (₹15,446 crore) in four listed group companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and flagship Adani Enterprises – via secondary share sales. These transactions took place through a series … Read more
Mumbai: Two of India’s leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. The recent selloff mirrors the weak trend in global equities after a series of US economic data – including Friday’s consumer price inflation, which is the Federal Reserve’s most preferred inflation gauge – compounded fears the … Read more
The Adani Group has begun discussions with global credit funds to raise up to $400 million in debt against assets of a key coal port that makes up a large portion of the conglomerate’s Australian exports of the solid fossil fuel from the controversial Carmichael mine, sources aware of the fund-raising told ET. Adani family … Read more
As global cues turned negative and concerns over continued monetary tightening weighed, Indian indices ended Friday’s session on a weak note. Nifty ended over 0.5% lower at 17,944, while Sensex also lost 0.52% to close at 61,002.5. Broader markets, meanwhile, underperformed their headline peers, with Nifty Midcap 100 falling 0.8%. Here’s how analysts read the … Read more
Mumbai: Adani Group stocks extended their rally to a second day on Wednesday as investors were encouraged by the conglomerate’s move to repay borrowings early and free up share pledges besides giving assurances about cutting debt further. Six of the 10 Adani stocks gained between 5% and 20% on Wednesday, helping the group regain ₹49,000 … Read more
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are “not overexposed” to any one company and assured that … Read more
NEW DELHI: Adani bulls who were trying to catch the falling knife by buying dips have been left bleeding hard. In the last seven trading sessions since the release of the Hindenburg report, Adani stocks have cumulatively lost around Rs 9.10 lakh crore or nearly half of their market value. Most Adani stocks have been … Read more
and , the companies that recently came under Adani Group’s stable, saw heavy sell-off on Friday as traders dumped the entire group amid concerns over corporate misgovernance and stock manipulation allegations made by US-based short-seller and research firm Hindenburg Research. ACC shares tumbled 20% to a 21-month low of Rs 1,732.60 on the NSE, while … Read more
Most analysts and experts are predicting the government would go heavy on infrastructure in the upcoming Budget to drive the overall growth of the economy. “We believe the government might prefer to increase spending on infrastructure which could have a multiplier effect on the economy,” Umang Papneja, CEO, Julius Baer India, told ET Markets. Money … Read more