Indian Markets Decline; Adani Stocks Under Pressure Amid US Allegations

21 Nov 2024

Indian stock markets ended Thursday’s session in the red, weighed down by continued selling pressure. The NSE Nifty closed at 23,349.90, down by 168.60 points, while the BSE Sensex settled at 77,155.79, a decline of 422.59 points. Adani Group Under Pressure Amid Allegations Adani Group stocks faced significant pressure during...

Adani Group Denies US Bribery Charges as Baseless, Vows Legal Action

21 Nov 2024

The Adani Group on Thursday categorically refuted bribery allegations against directors of Adani Green Energy made by the US Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC), describing the claims as “baseless.” In an official statement, a spokesperson for the conglomerate stated, “All legal recourse will...

Adani Demands Rs 76 Cr From Karnataka Over Unsold Sand

19 Nov 2024

The Karnataka government’s decision to import 1 lakh metric tonnes of natural sand from Malaysia during 2017-18 to address the acute scarcity of river sand has resurfaced as a significant issue. The Krishnapatnam Port Company (KPCL), now owned by the Adani Group, has issued legal notices to the government, demanding...

$10 Billion US Investment By Adani Group: A Win For Trump, Jobs, And Energy Security

14 Nov 2024

The Adani Group has announced a significant $10 billion investment in US-based energy and infrastructure projects as part of its expanding global footprint. Adani Group chairman Gautam Adani confirmed the news in a post on X (formerly Twitter), extending congratulations to the newly elected US President Donald Trump. “Congratulations to...

Congress Targets SEBI Chief with New Allegations

30 Oct 2024

The Congress has intensified its scrutiny of SEBI Chairperson Madhabi Puri Buch. The party claims she rented one of her properties to a company linked to a prominent Indiabulls figure. Congress also accuses Buch of holding shares in unlisted companies found in the Paradise Papers leak. Property Rentals and Indiabulls...

Adani Group: Bangladesh’s $500M Godda Debt ‘Unsustainable,’ Says FT

09 Sep 2024

The Adani Group has alerted Bangladesh’s new interim government that its $500 million debt from the Godda power plant is “unsustainable,” according to a Financial Times report. “We are in constant dialogue with the Bangladesh government and have appraised them of this unsustainable situation where we are meeting not just...

Adani Group May Sell 5% Stake In Adani Power, Ambuja Cements To Reduce Debt

22 Aug 2024

The Adani Group is reportedly planning to sell a 5% stake in two of its major companies, Adani Power and Ambuja Cements, in an effort to reduce its overall debt. According to a report by CNBC Awaaz, sources close to the matter have indicated that this move is part of...

Adani Group Rejects Hindenburg’s New Allegations, Calls Manipulative

11 Aug 2024

The Adani Group has firmly rejected the latest allegations made by Hindenburg Research, labeling them as "malicious, mischievous, and manipulative." The conglomerate stated that these accusations are a selective use of publicly available information, aimed at reaching pre-determined conclusions for "personal profiteering with disregard for facts and the law." An...

Adani Group Responds To Latest Hindenburg Allegations: ‘Malicious, Mischievous Attack’

11 Aug 2024

The Adani Group has fiercely rebuked recent claims made by American short-seller Hindenburg Research, dismissing them as "malicious, mischievous, and manipulative." The conglomerate, which has been under intense scrutiny since Hindenburg's earlier reports, responded on Sunday to allegations that it had financial links with SEBI Chairperson Madhabi Buch and her...

Congress And TMC Question SEBI’s Integrity Over Adani Probe By Hindenburg

11 Aug 2024

Drawing on the Latin phrase "Quis Custodiet Ipsos Custodes" from the Roman poet Juvenal's 'Satires,' Congress party questioned SEBI's unusual hesitation to probe the Adani MegaScam. This criticism came on Saturday after a new report from US short-seller Hindenburg Research made allegations against SEBI chairperson Madhabi Puri Buch and her...