Adani Stocks Plummet 20% Amid Bribery Charges

21 Nov 2024

Gautam Adani-led Group stocks bled up to 20 per cent during the trading session on Thursday with a number of these high beta counters hitting lower circuits for the day. Amid this sharp selloff, investors of 10-listed Adani Group counters lost more than as much as Rs 2.60 lakh crore...

Hindenburg’s Fresh Report: How Will Stock Market React Today?

12 Aug 2024

The previous week saw volatility in the Sensex and Nifty due to global concerns about a possible US recession. Market experts are now anticipating further fluctuations today, influenced by new allegations from the US short-seller firm Hindenburg against SEBI chief Madhabi Puri Buch and her husband, Dhaval Buch. These claims...

Gautam Adani Declares ‘We Are Stronger Than Ever’ Amidst Baseless Accusations

24 Jun 2024

Addressing the Annual General Meeting (AGM) of Adani Enterprises, Group Chairman Gautam Adani declared, "We are Stronger Than Ever. And our best is yet to come." Regarding the Hindenburg allegations, Adani remarked, "We were faced with baseless accusations made by a foreign short seller that questioned our decades of hard...

Adani Bounces Back, Erases Hindenburg Scar, Recovers All Stock Losses

24 May 2024

The Flagship company of Indian billionaire Gautam Adani, Adani Enterprises Ltd, has recently recovered all the losses, which happened due to a scathing short-seller report, released in early 2023. The stocks have now recovered losses exceeding $30 billion, which occurred following allegations of extensive corporate fraud and share-price manipulation made...

Supreme Court rules no regulatory failure by SEBI in Adani-Hindenburg row

03 Jan 2024

The Supreme Court has ruled that the Securities and Exchange Board of India (SEBI) did not exhibit any regulatory failure in the Adani-Hindenburg controversy. The judgment emphasizes that reliance on unverified press reports is insufficient and cannot serve as a foundation for regulatory lapses. The case, extensively covered by @DebayonRoy,...

Adani Group Ranked Second Globally Among Large-Scale Solar PV Developers by Mercom Capital

09 Dec 2023

Gautam Adani, Chairman of Adani Group, expressed his delight after Mercom Capital ranked the conglomerate as the second-largest global player among large-scale solar PV developers. This recognition underscores Adani Group's commitment as a significant global contributor to renewable energy and aligns with their ambitious target of achieving 45 GW of...

Adani Group set for zero refinance or systemic risk by 2025

14 Aug 2023

Adani Group's strategy is to concentrate enough cash, both from the cash generated from regular operations in the infrastructure business and from reserves, so that it can take care of any debts that are due in the future. The main goal is to gain this financial state by the year...

Stock Indices open lower as the market starts the day on downturn

10 Aug 2023

Key indices fell when the stock market opened on Thursday, signaling a cautious start to trading for the day. The Sensex opened down by 186.91 points at 65,795.75, while the Nifty was down by 57.85 points at 19,580.75 at the time of writing this article. Investor sentiment remained mixed as...