2023 could have been the year that wrecked Adani. Did it? There was one question on everyone’s mind the first month of this year: Will the Adani Group be able to weather the Hindenburg storm? Newslaundry · Dec 29, 2023
Morning Digest | India sees lowest August rainfall in a century; Chinese President yet to confirm presence at Delhi’s G-20 summit, and more Read a daily selection of top stories from across India and the world by The Hindu to start your day The Hindu · Sep 1, 2023
What has India’s Adani Group now been accused of? Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price. Al Jazeera · Aug 31, 2023
CBI files closure report in case against former NCCF chairman and Adani Enterprises The CBI has closed its case against Adani Enterprises and a former National Cooperative Consumer Federation chairman for alleged irregularities The Hindu · Aug 21, 2023
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 · May 11, 2023
'National champion' Adani beneficiary of favours India’s government appears to have favoured the Adani Group to grow more rapidly than older peers and avoid regulatory scrutiny on potentially serious concerns. 360info · May 8, 2023
‘Used foreign funds to oppose Adani project’: I-T report on Ritwick Dutta Before environment lawyer-activist Ritwick Dutta was booked by the CBI, an income tax department report had last year accused him of opposing overseas projects led by Indian entities, including the Adani Group. It had also accused him of using foreign money to partner with domestic NGOs, including an RSS affiliate. Newslaundry · Apr 27, 2023
Six Adani group companies settle higher; four firms hit upper circuit NEW DELHI: Shares of six Adani Group firms out of ten listed entities ended the day in positive territory on Thursday amid an overall weak trend in the equity markets. The Times of India · Mar 9, 2023
Eight Adani Group companies settle with gains; Adani Enterprises rallies 5% NEW DELHI: Stocks of eight listed Adani Group firms settled with gains on Monday and Adani Enterprises rose more than 5 per cent amid positive momentum in the broader equity market. The Times of India · Mar 6, 2023
Star investor Rajiv Jain bets $1.9 billion on embattled Gautam Adani empire MUMBAI: Adani Group’s stocks surged on Friday after winning a vote of confidence from one of the biggest names in emerging-market investing, helping cap the Indian conglomerate’s best week since late January when a US short-seller’s explosive report triggered an unprecedented rout. The Times of India · Mar 3, 2023
Meet the SC-appointed expert panel to probe Adani-Hindenburg saga, stock market volatility NEW DELHI: In latest development to the Adani-Hindenburg row, the Supreme Court on Thursday set up an expert panel comprising 6 members to look into the protection of Indian investors in the aftermath of a damning report by the US short seller. The Times of India · Mar 2, 2023
India's top court orders probe of Adani business group India’s top court has ordered an investigation into any regulatory failures related to the Adani Group after the conglomerate's shares plunged due to allegations of wrongdoing by a U.S. short-selling firm The Independent UK · Mar 2, 2023
Roadshows, $3 billion credit from sovereign wealth fund: What Adani Group is doing to restore investors' trust NEW DELHI: The Adani Group is trying all means to win back investors' confidence in the aftermath of a massive stock rout that has eroded over $140 billion of its market value since January 24. The Times of India · Mar 1, 2023
All Adani stocks end higher first time since Hindenburg report All 10 Adani Group stocks closed higher, the first such occurrence since the explosive report by US short-seller Hindenburg Research in late January sparked an unprecedented rout in the conglomerate’s shares. The Times of India · Mar 1, 2023
The Times of India · Feb 28, 2023 'Why Adani group is an example of bad business practices and not a con' NEW DELHI: Gautam Adani-owned Adani Group, and specifically it flagship firm Adani Enterprises hold massive amount of debt and is overleveraged, valuation guru Aswath Damodar said in a blog post as the group as a whole reels under pressure in the aftermath of the Hindenburg report.
The Times of India · Feb 28, 2023 Lenders maintain Adani Enterprises' credit limits despite Hindenburg report allegations NEW DELHI: A group of lenders, led by the State Bank of India (SBI) conducting an annual review of Adani Enterprises Ltd (AEL), have decided to maintain the credit limits previously sanctioned for Gautam Adani's flagship company, the Economic Times reported quoting two sources on Tuesday.
The Times of India · Feb 23, 2023 Adani stock rout has room to run as charts show 85% call still valid MUMBAI: The rout in Adani group shares has room to run based on charts that show key stocks in Gautam Adani’s empire may still extend declines to the 85% downside flagged by Hindenburg Research.
The Times of India · Feb 19, 2023 Adani-Hindenburg row not to impact India story, says industry doyen K P Singh of DLF NEW DELHI: The turmoil engulfing Gautam Adani's business empire following damning allegations by a US short seller, has not shaken the faith of global investors in India, real estate doyen K P Singh said rubbishing suggestions that banks would have lent to Adani group on instructions from higher-ups.
The Times of India · Feb 14, 2023 Adani Enterprises posts Q3 profit on strong performance in coal trading, airport business NEW DELHI: Adani Group's flagship company Adani Enterprises on Tuesday reported a profit worth Rs 820 crore for the third quarter of the financial year 2022-23, at a time when the conglomerate has been under pressure in wake of US short-seller Hindenburg's report.
Reuters · Feb 14, 2023 Adani says no refinancing, liquidity issues in bid to calm jittery investors (This Feb. 14 story has been corrected to fix IHC's response in the last paragraph, spelling of Hindenburg in paragraph 3)
The Independent UK · Feb 11, 2023 India’s top court calls for expert panel to examine fallout of Adani Group fraud allegations India’s finance minister says Indian regulators are working to protect investor interests
Al Jazeera · Feb 10, 2023 The Adani cloud over India The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.
Reuters · Feb 9, 2023 Adani faces fresh risk as MSCI examines free float of its stocks India's Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some of its companies' securities.
The Times of India · Feb 8, 2023 Sensex rebounds 377 points, Nifty closes above 17,850 as RBI slows down rate hike MUMBAI: Benchmark sensex rebounded 377 points while Nifty closed above the 17,850 level on buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes on Wednesday.
The Times of India · Feb 7, 2023 Adani group share clues can be seen in surging options market NEW DELHI: The selloff in Adani Group shares is stretching into a third week despite efforts to stem contagion, spurring a flurry of bets in option markets that may give traders clues on how long the declines will last.