Adani Group: News
21 Nov 2024
Gautam AdaniAdani shares crash 20% as US bribery charges rock conglomerate
Shares of Adani Group companies plunged as much as 20% on the BSE during Thursday's intra-day trade.
21 Nov 2024
Gautam AdaniAdani charged with bribery, fraud in US; arrest warrant issued
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York for his involvement in an alleged multi-billion-dollar bribery and fraud scheme.
12 Nov 2024
Aditya Birla GroupAdani Group is planning $5B jump into metals business: Report
Adani Group is gearing up to invest $5 billion in the metals sector in the next three to five years, LiveMint reported.
09 Nov 2024
Narendra ModiPM Internship Scheme 2024 registration ends tomorrow: How to apply
The registration window for the PM Internship Scheme 2024 will close on November 10.
04 Nov 2024
BangladeshBangladesh rushes to repay debt as Adani Power cuts supply
Adani Power has drastically cut down its electricity exports to Bangladesh over an outstanding debt of over $800 million.
02 Nov 2024
BangladeshAdani halves electricity supply to Bangladesh over unpaid bills
Adani Power Jharkhand Limited (APJL), a subsidiary of Gautam Adani-led Adani Power, has reportedly slashed its electricity supply to Bangladesh by 50%.
22 Oct 2024
Securities and Exchange Board of IndiaWhy SEBI has issued a show-cause notice to Adani Group
The Securities and Exchange Board of India (SEBI) has sent a notice to the Adani Group, alleging the conglomerate wrongly classified some investors as public shareholders.
07 Oct 2024
Ministry of FinanceFinance Ministry begins search for next SEBI chief: Report
The Indian Finance Ministry has begun the search for a possible successor to Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI).
05 Oct 2024
Congress PartySEBI chief summoned by Parliamentary panel amid Adani controversy
The Public Accounts Committee (PAC) of the Parliament has summoned the heads of the Securities and Exchange Board of India (SEBI) and Telecom Regulation Authority of India (TRAI), for a review meeting on October 24.
02 Oct 2024
BusinessAdani Enterprises merges 2 subsidiaries into Adani New Industries
Adani Enterprises, the flagship firm of the Adani Group, has announced the merger of two of its subsidiaries with Adani New Industries Limited (ANIL).
01 Oct 2024
KenyaWhistleblower fears for life after exposing Adani's Kenyan airport deal
Nelson Amenya, the whistleblower who spilled the beans on confidential talks about a possible takeover of Kenya's Jomo Kenyatta International Airport by Adani Group, is now worried about his safety.
16 Sep 2024
BusinessREInvest 2024: Adani commits ₹4.05L crore to renewable energy projects
The Adani Group has announced a substantial investment of ₹4.05 lakh crore in renewable energy projects, at the 4th Global Renewable Energy Investors Meet & Expo (REInvest) 2024.
13 Sep 2024
ICICI BankMahua files Lokpal complaint against SEBI chief over Adani links
Trinamool Congress (TMC) MP Mahua Moitra has filed a complaint before the Lokpal against Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), over allegations of misconduct and financial irregularities.
13 Sep 2024
BusinessSwitzerland freezes $310M in Adani accounts amid money laundering investigation
Swiss authorities have reportedly frozen over $310 million across multiple bank accounts, linked to an ongoing investigation into the Adani Group.
08 Sep 2024
ChinaAdani Group establishes subsidiary in China for supply chain solutions
Adani Group, a leading Indian conglomerate, has established a new subsidiary in China.
07 Sep 2024
GujaratIndian Semiconductor Mission may get $10 billion funding boost
The Indian Semiconductor Mission (ISM) is reportedly set to receive a significant funding increase of $10 billion, according to The Economic Times.
06 Sep 2024
International Monetary FundAdani urges Bangladesh to clear power bills of $800 million
Adani Power, a subsidiary of Adani Group has pledged to maintain an uninterrupted power supply to Bangladesh, despite the country's current outstanding payments surpassing $800 million (around ₹6,714 crore).
06 Sep 2024
ICICI BankPaliamentary committee to investigate allegations against SEBI chief Madhabi Buch
The Public Accounts Committee (PAC) of the Indian Parliament is preparing to investigate allegations leveled against Securities and Exchange Board of India (SEBI) chief, Madhabi Puri Buch, as per the Economic Times.
02 Sep 2024
BusinessAdani acquires major renewable energy transmission project for ₹4,091 crore
Adani Energy Solutions Ltd (AESL), a part of Adani Group companies has successfully acquired the special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project.
02 Sep 2024
Gautam AdaniAdani Wilmar likely to acquire 3 FMCG brands for $1B
Adani Wilmar, the fast-moving consumer goods (FMCG) division of the Adani Group, is planning to invest up to $1 billion in acquiring three brands, as per HT Mint.
26 Aug 2024
Bharat Heavy Electricals Limited (BHEL)BHEL signs ₹11,000cr deal with Adani for supercritical power projects
Bharat Heavy Electricals Limited (BHEL) has secured a contract worth over ₹11,000 crore from Adani Power Limited (APL) and its subsidiary Mahan Energen Limited (MEL).
23 Aug 2024
Gautam AdaniAdani family plans $3.6B stake sale as group shares surge
The Adani family, led by billionaire Gautam Adani, is planning to raise up to $3.6 billion (around ₹30,000 crore) by selling a portion of its promoter holdings in various Adani Group companies over the next 12-18 months.
21 Aug 2024
Anil AmbaniReliance Power's stocks up 21% in 4-days: What's fueling rally?
Anil Ambani-owned Reliance Power, has witnessed a significant 21.5% increase in its share value over the past four trading sessions, to touch ₹36.14 today.
19 Aug 2024
BusinessAdani's cash reserves can cover debt payments for 2.5 years
The Adani Group has reported a significant increase in its cash reserves, which now account for 24.8% of the company's gross debt.
16 Aug 2024
Subhash Chandra GargSEBI chief Buch's earnings from consultancy firm raise regulatory concerns
Madhabi Puri Buch, the head of India's Securities and Exchange Board (SEBI), is facing scrutiny over her financial ties to a consultancy firm.
13 Aug 2024
Securities and Exchange Board of IndiaPlea in SC seeks conclusion of SEBI probe into Adani
Advocate Vishal Tiwari has filed a petition in the Supreme Court, urging a speedy resolution to the Securities and Exchange Board of India's (SEBI) investigation into the Adani Group.
12 Aug 2024
Bharatiya Janata Party (BJP)BJP links Soros to 'Hindenburg', accuses Congress of market manipulation
The Bharatiya Janata Party has accused Hungarian-American investor George Soros of being the primary financier of Hindenburg Research, a US-based investment research firm.
12 Aug 2024
Kangana Ranaut'Rahul most dangerous man...': Kangana criticizes Gandhi over Hindenburg report
Bollywood actor-turned-politician and Bharatiya Janata Party MP Kangana Ranaut has hit out at Congress MP Rahul Gandhi for his statements on the allegations by United States-based short seller Hindenburg.
12 Aug 2024
Securities and Exchange Board of IndiaAdani Group stocks tumble up to 17% following Hindenburg's allegations
Adani Group's shares experienced a significant drop in early trade on Monday, with Adani Energy leading the decline by 17%.
12 Aug 2024
Amit MalviyaHindenburg row: BJP slams Rahul for questioning 'integrity' of SEBI
The Bharatiya Janata Party has slammed Congress leader Rahul Gandhi for raising questions on the integrity of Indian stock markets based on the allegations by United States-based short seller Hindenburg.
11 Aug 2024
Securities and Exchange Board of IndiaMadhabi Buch, husband issue detailed rebuttal to Hindenburg's allegations
Madhabi Puri Buch, the Chairperson of the Securities Exchange Board of India (SEBI), and her husband Dhaval Buch, have vehemently denied allegations made by Hindenburg Research.
11 Aug 2024
Securities and Exchange Board of IndiaMadhabi Buch-linked offshore fund denies investment in Adani stocks
360 One, previously known as IIFL Wealth, has issued a statement denying any investments made by its IPE Plus Fund 1 in the shares of Adani Group.
11 Aug 2024
Bharatiya Janata Party (BJP)Congress demands probe into Hindenburg's allegations against SEBI chief
The Congress party has called for a Joint Parliamentary Committee (JPC) investigation into the recent Hindenburg Research allegations against Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI).
11 Aug 2024
Securities and Exchange Board of IndiaAdani Group dismisses Hindenburg's latest allegations as 'malicious, manipulative'
Adani Group has refuted the accusations made by US-based short-seller Hindenburg Research yesterday, labeling them as "malicious, mischievous and manipulative."
11 Aug 2024
Securities and Exchange Board of IndiaSEBI Chairperson denies Hindenburg's allegations, accuses it of character assassination
SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch, have denied allegations made by US-based short-seller Hindenburg Research.
10 Aug 2024
Securities and Exchange Board of IndiaHindenburg Research teases another 'big' disclosure involving India
Hindenburg Research, a US-based short-selling firm renowned for its investigative exposes, has hinted at an impending significant disclosure related to India.
05 Aug 2024
Gautam AdaniThe $213 billion handover: Who will succeed Gautam Adani
Gautam Adani, the chairman of the Adani Group and India's second-richest man, has disclosed his succession plan for his $213 billion empire.
04 Aug 2024
CitibankSBI and Citigroup biggest investors in Adani Energy's $1B QIP
Adani Energy Solutions Ltd (AESL), an arm of the Adani Group, successfully raised $1 billion through a Qualified Institutional Placement (QIP) last week.
03 Aug 2024
BiharAdani's Ambuja Cement announces inaugural ₹1,600 crore project in Bihar
Adani Group's Ambuja Cement has announced a significant investment of ₹1,600 crore for a new cement grinding unit in Warisaliganj, Bihar.
31 Jul 2024
National Stock ExchangeAdani Power's Q1 net profit falls 55% despite revenue surge
Adani Power has reported a 55% year-on-year (YoY) drop in its consolidated net profit, for the first quarter ending June 2024.
29 Jul 2024
Stock MarketAdani Wilmar posts ₹323cr profit in Q1, highest-ever EBITDA
Adani Wilmar, a collaboration between Adani Enterprises and Wilmar International, reported a substantial standalone net profit of ₹323 crore for the quarter ending June 30, 2024.
28 Jul 2024
ChinaAdani Group to commission $4 billion PVC project by 2026
Indian multinational conglomerate, Adani Group, is set to commission the first phase of a $4 billion Polyvinyl Chloride (PVC) project by December 2026.
20 Jul 2024
Bharatiya Janata Party (BJP)Hindenburg Research report 'hit job' by China: BJP leader
Senior lawyer and Bharatiya Janata Party (BJP) leader, Mahesh Jethmalani, has alleged that the Hindenburg Research report against Gautam Adani's conglomerate was a "hit job" by China.
12 Jul 2024
Central GovernmentIndia's largest transshipment port, Vizhinjam, welcomes mothership: What this means
Defying naysayers' predictions that the Vizhinjam Port in Kerala would not be operational by 2025, the first container ship, "San Fernando," landed at the Vizhinjam International Seaport on Thursday at 7:00am.
08 Jul 2024
Gautam AdaniAdani Group plans $9 billion investment in green hydrogen infrastructure
Adani Group is planning a massive $9 billion investment in manufacturing and transportation infrastructure for its green hydrogen venture in Kutch, Gujarat.
07 Jul 2024
Kotak Mahindra BankSEBI accuses Hindenburg of sharing Adani report early for profits
SEBI has accused Hindenburg Research of sharing an advance copy of a damaging report on the Adani Group, with New York-based hedge fund manager Mark Kingdon, two months before its publication.
02 Jul 2024
Kotak Mahindra BankDid Kotak Mahindra Bank help short Adani? Hindenburg raises questions
Kotak Mahindra Bank, a private sector lender, has been accused by US-based Hindenburg Research of creating and managing an offshore fund used to short Adani stocks.
02 Jul 2024
Gautam AdaniSEBI issues show-cause notice to Hindenburg Research in Adani case
US-based short-seller, Hindenburg Research, has been served a show-cause notice by the Securities & Exchange Board of India (SEBI), the country's capital market regulator.
25 Jun 2024
Gautam AdaniAdani announces ₹1.3 lakh crore investment in group companies
The Adani Group has disclosed plans to invest approximately ₹1.3 lakh crore across its portfolio companies in the current fiscal year, as part of a $100 billion investment strategy over the next 7-10 years.
24 Jun 2024
Gautam Adani'Two-sided attack': Gautam Adani addresses Hindenburg controversy at AGM 2024
Gautam Adani, Chairman of the Adani Group, addressed the controversial Hindenburg incident at the conglomerate's 32nd annual general meeting.
23 Jun 2024
BusinessAdani Group pledges $3 billion investment in clean energy
The Adani Group is set to invest between ₹25,000-27,500 crore (approximately $3 billion) in its first pumped-storage hydropower (PSH) facility.
17 Jun 2024
Adani PortsAdani Ports gets nod for ₹45,000 crore Mundra port expansion
Adani Ports and Special Economic Zone (APSEZ) has received crucial environmental and coastal regulation zone approvals for a significant expansion of Mundra port located in the state of Gujarat.
04 Jun 2024
Adani PortsAdani Group stocks crash over 18% amid tight election race
Adani Group stocks took a significant hit on Tuesday as the Indian markets reacted to tighter election results than expected.
03 Jun 2024
ICICI BankAdani Group and ICICI Bank launch co-branded credit cards
Adani Group, in collaboration with ICICI Bank, has announced its foray into the financial sector by launching co-branded credit cards.
02 Jun 2024
Adani PortsLIC's investment in Adani Group companies skyrocket by 51.6%
The Life Insurance Corporation of India (LIC) has seen a significant surge in the value of its investments in Adani Group shares.
31 May 2024
Gautam AdaniPaytm shares hit upper circuit for third consecutive day
One97 Communications, the parent company of Paytm, saw its shares surge to a 5% upper circuit for the third straight session on Friday morning.
29 May 2024
Gautam AdaniAdani Group increases ownership in Adani Enterprises and Adani Green
The Adani Group, under the leadership of Gautam Adani, has increased its stakes in Adani Enterprises and Adani Green Energy.
29 May 2024
Gautam AdaniGautam Adani discusses Paytm stake purchase with Vijay Shekhar Sharma
Gautam Adani, chairman of the Adani Group, is in talks with Vijay Shekhar Sharma, founder and CEO of Paytm, to acquire a stake in One 97 Communications, the parent company of Paytm.
28 May 2024
Gautam AdaniAdani Enterprises board approves ₹16,600 crore fundraising plan
Billionaire Gautam Adani-led Adani Enterprises has announced a significant fundraising plan, approved by its board of directors.
28 May 2024
E-commerceAdani Group may soon offer UPI, credit card, e-commerce services
Adani Group, one of India's prominent conglomerate, is reportedly strategizing to penetrate the e-commerce and digital payments sectors.
24 May 2024
Gautam AdaniAdani Enterprises stock recovers from $30bn losses following Hindenburg report
Adani Enterprises Ltd, the principal company of Adani Group, has successfully recouped over $30 billion in losses.
23 May 2024
Gautam AdaniAdani Enterprises set to replace Wipro in BSE Sensex
Adani Enterprises is poised to replace Wipro in the BSE Sensex, as per a note from IIFL Alternative Research.
22 May 2024
Adani PortsAdani Group refutes allegations of 'low-grade' coal supply, shares unaffected
Adani Group has categorically denied allegations of supplying low-grade coal as high-quality coal, to a state government-owned power generation company.
