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UNCOVERED: 9 - Caught on Camera

Supreme Court of India junks Centre’s sealed envelope, says it will pick Hindenburg-Adani probe panel

NEW DELHI: Discontinuing a much-criticised sealed cover practice it encouraged for decades, the Supreme Court on Friday applied the salutary transparency principle to discard names of experts suggested in a closed envelope by the Centre and said it will pick a panel headed by a retired SC judge and comprising…

The Times of India

Most Adani dollar bonds rally out of distressed territory

MUMBAI: Most Adani group dollar bonds have climbed out of distressed territory after the company said it will address upcoming maturities, the latest boost to investor sentiment in recent days after an initial rout sparked by a US short-seller report.

The Times of India

Unmasking India's crony capitalist oligarchy

The recent accounting fraud and stock manipulation allegations against multi-billionaire Gautam Adani made by Hindenburg Research, a New York-based short-selling firm, has startled the financial world. The episode is a necessary reality check for those who are expecting India's star to burn brighter in the global economic firmament as China's…

Bangkok Post

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MSCI defers decision on 2 Adani group firms' weightages in indices

NEW DELHI: Index provider MSCI Inc has postponed the implementation of reducing the weightages of two Adani group firms, Adani Total Gas and Adani Transmission, in its indices, citing potential impact from price limit mechanisms.

The Times of India

Watchdog won't probe fraud allegations against Adani

Australia's corporate regulator will not launch a formal investigation into alleged misconduct by the Adani Group due to the age of the accusations.

AAP

Could trouble for Adani trip up Narendra Modi?

Repercussions from Hindenburg report reach into political sphere as spotlight falls on tight-knit relationship between India’s prime minister and the billionaire

The Guardian - UK

Adani Group touts 'very healthy' balance sheet in bid to calm investors

NEW DELHI: Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller.

The Times of India

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Gautam Adani group touts cash reserves in bid to calm investors

MUMBAI: Indian billionaire Gautam Adani’s embattled conglomerate said it has adequate cash reserves and its listed companies are able to refinance their debts.

The Times of India

Sebi okay with regulated short selling, probing Hindenburg allegations against Adani

NEW DELHI: Market regulator Sebi has indicated to the Supreme Court that it is not in favour of banning short-selling or sale of borrowed shares, and said it is investigating allegations made by a tiny short-seller against the Adani Group as well as its share price movements.

The Times of India

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.

The Times of India

Why not JPC in Hindenburg Adani row: Jairam Ramesh after Centre's reply in SC

Congress leader Jairam Ramesh on Monday took a swipe at the Centre over its reply in the Supreme Court regarding appointing a committee in connection with the Hindenburg's report on Adani Group, and questioned the government on why it was not agreeing to a joint parliamentary committee (JPC).

Dynamite News

Adani vs Hindenburg saga: 10 things which have happened so far

NEW DELHI: Amid reports of cut in growth targets and capex, Adani Group on Monday said that its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders.

The Times of India

Adani-Hindenburg row: Centre agrees to SC proposal, will form panel on regulatory mechanism

NEW DELHI: As Adani Group companies continue to suffer decline, the government on Monday agreed to form an expert panel for strengthening regulatory mechanism.

The Times of India

Budget Session: Kharge Calls Opposition Meeting Tomorrow To Chalk Out Floor Strategy

Congress president and Leader of Opposition in Rajya Sabha Mallikarjun Kharge has called a meeting of "like-minded" opposition parties on Monday. Read further on Dynamite News:

Dynamite News

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The Independent UK

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

The Adani cloud over India

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.

The Times of India

Hindenburg has never been banned, says founder Nate Anderson amid Adani row

NEW DELHI: Hindenburg Research founder Nathan Anderson on Friday said that his firm has never been banned, its bank account never seized and that it is not under any investigation.

The Times of India

SC seeks Sebi's response on petitions related to Hindenburg report on Adani Group by February 13

NEW DELHI: The Supreme Court on Friday sought the Securities and Exchange Board of India's (Sebi) response on 2 PILs accusing the market regulator of inaction in regulating the share markets in the face of Hindenburg report which resulted in crash of Adani group company share prices & massive loss…

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The Times of India

'Adani group hires US legal firm Wachtell in fight against Hindenburg Research'

NEW DELHI: Gautam Adani has hired Wachtell, one of the most expensive law firms in the US, to fight back against allegations made by short seller Hindenburg Research, the Financial Times(FT) reported on Friday.

The Times of India

Gautam Adani stocks remain in MSCI indexes after quarterly review

NEW YORK: MSCI Inc has cut weightings for four Adani group-related stocks as part of its quarterly review, according to Nuvama Wealth Management, which cited data from the index provider.

The Times of India

LIC chairman says, will meet Adani Group top management soon

MUMBAI: LIC chairman M R Kumar on Thursday said the officials of the public sector insurer will soon meet top management of the Adani Group and seek clarification on the crisis being faced by the diversified conglomerate.

Reuters

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

Gautam Adani group stocks slide after MSCI says reviewing free float

MUMBAI: Adani group shares dropped at the start of trading, ending a two-day reprieve, after MSCI Inc said it was reviewing the amount of Adani group-linked shares freely tradable in public markets.

The Times of India

Gautam Adani group to prepay $500 million loan as banks balk to refinance

MUMBAI: The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt following a short seller report that sent the group’s assets tumbling.

Newslaundry

Modi skips the A-word, leaves Rahul Gandhi’s 5 questions unanswered

Facing a volley of allegations linked to the Adani Group controversy during the stormy budget session, Prime Minister Narendra Modi on Wednesday hit back at the opposition’s charges. But did he?

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