Adani Group: News

02 Feb 2023

Parliament

Ruckus in Parliament as Opposition demands discussion on Adani-Hindenburg row

Proceedings in the Lok Sabha and Rajya Sabha were adjourned till 2 pm on Thursday after the Opposition kicked up a storm, demanding discussion on the risk to Indian investors in view of the diminishing value of Adani Group's shares following allegations of fraud leveled by US-based Hindenburg Research.

01 Feb 2023

Gautam Adani

Adani Enterprises calls off FPO, will return investors' money

In an unexpected but not surprising move, Adani Enterprises has called off its fully-subscribed Rs. 20,000 crore follow-on public offer (FPO). The decision was taken at a meeting of its board of directors.

31 Jan 2023

Prannoy Roy

Nidhi Razdan quits NDTV amid main stakeholder Adani Group's downturn

Senior journalist and anchor Nidhi Razdan has quit New Delhi Television (NDTV), she announced on Twitter.

31 Jan 2023

Gautam Adani

Gautam Adani is no longer among world's top 10 richest

Hindenburg Research's damning report on the Adani Group has affected Gautam Adani's personal wealth as well. The Indian business tycoon saw his wealth decline by $34.6 billion since the report was published.

Hindenburg report under evaluation, Adani Group would be questioned: LIC

Life Insurance Corporation (LIC) on Monday said that the Adani Group's response to the US-based short-seller Hindenburg Research's criticism was under evaluation and the group's management would be questioned soon, Reuters reported.

30 Jan 2023

Gautam Adani

Hindenburg to Adani: Fraud cannot be obfuscated by nationalism

The back and forth between Hindenburg Research and Adani Group continues. Hours after the Indian conglomerate released a detailed rebuttal against allegations of stock manipulation and accounting fraud by Hindenburg, the US-based short seller responded by saying, "fraud is fraud."

SEBI increases scrutiny of Adani Group's deals after Hindenburg report

Hindenburg Research's report on Adani Group hasn't gone unnoticed in India. The Securities and Exchange Board of India (SEBI) might use the report for its own investigation into the conglomerate's offshore fund holdings, as per Reuters.

27 Jan 2023

Stock Market

Sensex, Nifty crash as Adani Group stocks hit lower circuit

Sensex has slipped 1,023.24 points to 59,181.82 while Nifty is down 336.25 points to 17,555.7, triggered by a massive sell-off of Adani Group stocks, which have hit lower circuit amid accusations of market manipulation by Hindenburg Research.

26 Jan 2023

Gautam Adani

Adani Group mulling legal action against Hindenburg over 'malicious' accusations

Adani Group, led by Asia's richest man Gautam Adani, is exploring legal action against Hindenburg Research after the US-based short-seller accused the conglomerate of stock manipulation and accounting fraud.

18 Jan 2023

Gautam Adani

Adani Enterprises files papers for India's largest FPO: Key facts

Adani Enterprises has filed papers for a follow-on public offer (FPO) with the Securities and Exchange Board of India (SEBI). The company aims to raise a whopping Rs. 20,000 crore through the FPO.

30 Dec 2022

India

India records highest-ever M&A activity this year at $152bn

In 2022, we saw Indian companies making some big moves despite the global economic slowdown. The deal-making activity was at an all-time high.

19 Dec 2022

Gautam Adani

Gautam Adani is 2022's biggest gainer. What fueled his growth

The year 2022 hasn't been a blockbuster for businesses around the world. Despite that, Indian billionaires have had a stellar year so far.

30 Nov 2022

Prannoy Roy

Directors Prannoy, Radhika Roy resign from NDTV's promoter company 'RRPR'

New Delhi Television (NDTV) founders Radhika Roy and Prannoy Roy have resigned as directors of the board of RRPR Holdings Private Limited (RRPRH) with immediate effect, the company said in a regulatory filing late on Tuesday.

23 Nov 2022

Adani Ports

Kerala: Adani's Vizhinjam mega port project stalled as fisherfolk protest

A shelter built by protesting fisherfolk has been hindering the construction of billionaire Gautam Adani's mega port in the Vizhinjam region of Thiruvananthapuram, Kerala.

12 Nov 2022

Gautam Adani

Adani Group opens offer to buy additional 26% NDTV stake

The Adani Group officially confirmed on Friday that its open offer to buy an additional 26% public shareholding in the NDTV, one of the leading news networks in the country, would open for subscription between November 22 and December 5.

08 Oct 2022

Rahul Gandhi

Congress chief will not be remote controlled, says Rahul Gandhi

Congress leader Rahul Gandhi declared on Saturday that whoever is chosen to lead the party as its new president would be free to make decisions and manage the party.

19 Sep 2022

Gautam Adani

Adani Group now India's most valued conglomerate; beats Tata Group

Gautam Adani-led Adani Group has surpassed Tata Group to become India's most valuable conglomerate with an overall market capitalization of over Rs. 22 lakh crore on the Bombay Stock Exchange.

16 Sep 2022

Gautam Adani

Gautam Adani becomes world's second richest man, but momentarily: Forbes

Indian billionaire and the chief of one of the nation's biggest conglomerates Gautam Adani became the world's second richest person on Friday, but momentarily.

30 Aug 2022

Bill Gates

Adani surpasses LVMH co-founder, becomes world's third-richest with $137.4B fortune

Gautam Adani, the founder and chairman of Adani Group, has become the world's third-richest person, with a fortune of $137.4B, as per the Bloomberg Billionaires Index.

24 Aug 2022

Business

Adani Group's NDTV acquisition: Who are the winners and losers?

India's media and entertainment industry had a shocking start to their evening yesterday when news broke out that Adani Group had acquired a 29.18% stake in NDTV.

23 Aug 2022

Business

Adani to acquire 29.18% stake in NDTV; launch open offer

AMG Media Networks Ltd. (AMNL), a subsidiary of Adani Enterprises, is set to indirectly acquire a 29.18% stake in NDTV.

22 Aug 2022

Farmers

MSP not implemented because of PM's friend Adani: SP Malik

Meghalaya Governor Satya Pal Malik recently stated that India's farmers cannot be subdued and will continue to demonstrate till their demands are met, lashing out at the government for not implementing the promised legal assurance of Minimum Support Price (MSP).

09 Jul 2022

Bharti Airtel

Adani joins 5G race; will compete with Reliance Jio, Airtel

Marking its possible entry into the telecom industry, Adani Group has put in an application to take part in India's first auction of the 5G spectrum on July 26.

17 May 2022

Gautam Adani

Adani Group acquires Holcim's stake in Ambuja, ACC for $10.5bn

Swiss cement giant Holcim has decided to exit India by selling its business in the country to Gautam Adani-led conglomerate for $10.5 billion.

26 Apr 2022

Forbes

Gautam Adani becomes world's 5th richest person, surpasses Warren Buffett

Gautam Adani, Chairman of Adani Group, has become the fifth-richest person in the world, topping legendary investor and Berkshire Hathaway CEO Warren Buffett, as per Forbes.

03 Apr 2022

Mukesh Ambani

Gautam Adani joins $100 billion club, surpasses Mukesh Ambani

Gautam Adani, chairman of Adani Group, is the latest member of the $100 billion club, surpassing Reliance Industries chairman Mukesh Ambani to become India's wealthiest man, according to Bloomberg's Billionaires Index.

17 Mar 2022

Mukesh Ambani

At $49 billion, Adani's wealth jumped the most in 2021

Gautam Adani, the second-richest person in India and Asia, increased his wealth by $49 billion last year, according to the 2022 M3M Hurun Global Rich List.

17 Sep 2021

Navi Mumbai

Navi Mumbai airport work should be completed by 2024: Pawar

The construction of the Navi Mumbai International Airport Ltd (NMIAL), which is now under the management of the Adani group, should be completed by 2024, Maharashtra Deputy Chief Minister Ajit Pawar has said.

12 Apr 2021

Flipkart

Flipkart strikes deal with Adani; to create 2,500 more jobs

Walmart Inc.'s Flipkart and Adani Group on Monday announced a strategic partnership to strengthen logistics and data center capabilities.

20 Jan 2021

Kerala

Kerala CM flays takeover of Thiruvananthapuram Airport by Adani Group

Kerala Chief Minister Pinarayi Vijayan on Wednesday criticized the takeover of Thiruvananthapuram Airport by the Adani Group, saying it is not for the development of the facility but to protect the interest of monopolies.

28 Jun 2020

Taapsee Pannu

Taapsee is furious after getting 'insane' Rs. 36,000 electricity bill!

This Sunday, Taapsee Pannu is not in a good mood.

23 Aug 2018

Kerala

#KeralaReliefFund: Adani Foundation commits to donate Rs. 50 crore

Adani Foundation, the CSR arm of Adani Group, has committed to giving Rs. 50cr for relief and rehabilitation of Kerala flood victims, the group said today.

26 Feb 2018

Narendra Modi

UP investors Summit 2018: Will Yogi create history?

The recently-concluded UP's Investor Summit was a glitzy marketing spectacle. What's more, industrialists promised investments worth Rs. 4.28Lcr by signing about 1,045 MoUs.

18 Jan 2018

Mukesh Ambani

Bengal Summit fetched Rs. 2.2-trillion-worth investment proposals: Mamata Banerjee

The fourth edition of Bengal Global Business Summit has been concluded, and WB CM Mamata Banerjee said it has been "highly successful" as the state bagged a whopping Rs. 2.19-trillion-worth business proposals.

22 Dec 2017

Mumbai

Reliance Infra's power-business sold to Adani Transmission for Rs. 18,800cr

In a bid to become debt-free, Anil Ambani-owned Reliance Infrastructure has reportedly entered into a Definitive Binding Agreement with Adani Transmission to sell its Mumbai power business for Rs. 18,800cr.

18 Dec 2017

Australia

Controversial Carmichael project: Adani cancels A$2bn contract with Australia's Downer

Indian multinational conglomerate Adani Group has parted ways with Australian mining company Downer, terminating an A$2billion ($1.5billion) contract for the proposed, controversial $16.5billion Carmichael coal mine project in Australia's Queensland.

07 Oct 2017

Australia

Thousands of Australians protest against Adani coal mine

Massive protests were held across Australia against Indian mining giant Adani Enterprises' proposed $16.5 billion Carmichael coal mine in Queensland state.

03 Aug 2017

India

EPW row: Who's at fault? Paranjoy Guha Thakurta issues statement

The new-found tendency of corporate houses to threaten critical reporting claimed its first victim in recent times: Economic and Political Weekly editor Paranjoy Guha Thakurta resigned after being asked to remove an article on the Adani Group.

10 Apr 2017

Narendra Modi

Australian PM Malcolm Turnbull meets Modi during India visit

Australian PM Malcolm Turnbull arrived in New Delhi on Sunday for a four-day visit to India, his first since assuming office in September 2015.