Gautam Adani: News
06 Nov 2023
Adani GroupAdani Group in talks to sell 44% stake in Wilmar
Adani Group is discussing selling its entire 43.97% stake in Adani Wilmar. This joint venture with Singapore-based Wilmar International is worth $2.5-3 billion (roughly Rs. 20,800-25,000 crore), reported The Economic Times.
02 Nov 2023
Adani GroupAdani Enterprises's Q2 profit plummets 51% YoY to Rs. 228cr
Gautam Adani's flagship company, Adani Enterprises Ltd, witnessed a 51% year-on-year (YoY) drop in consolidated net profit for the quarter ending September 2023, totaling Rs. 227.82 crore.
30 Oct 2023
BusinessAdani Green Energy Q2 net profit jumps nearly 150% YoY
Adani Green Energy has posted a 149% year-on-year (YoY) growth in its consolidated net profit for the second quarter of the current fiscal year (Q2 FY24), reaching Rs. 371 crore compared to Rs. 149 crore in the previous year.
26 Oct 2023
Mahua MoitraEthics Committee may investigate Mahua Moitra's foreign trips
The Lok Sabha's Ethics Committee is reportedly planning to request the Home Ministry to track the foreign travels of Trinamool Congress (TMC) MP Mahua Moitra over the past five years, India Today reported.
26 Oct 2023
Adani GroupAdani Group to raise $4bn to fund green hydrogen plans
Billionaire Gautam Adani's Adani Group is seeking to secure up to $4 billion in funding to establish manufacturing facilities for affordable green hydrogen.
25 Oct 2023
Adani GroupAdani Group's auditor EY under NFRA scanner: Here's why
The National Financial Reporting Authority (NFRA) has launched an investigation into S.R. Batliboi, an EY member firm in India and a long-standing auditor for the Adani Group.
22 Oct 2023
Mamata BanerjeeMamata Banerjee 'abandoned' Mahua Moitra after cash-for-query row: BJP
The Bharatiya Janata Party (BJP) took a dig at Trinamool Congress (TMC) supremo Mamata Banerjee on Saturday after the party distanced itself from the alleged cash for query row involving TMC MP Mahua Moitra.
20 Oct 2023
Mahua MoitraReceived Hiranandani's letter: Ethics committee on Moitra's cash-for-query row
Lok Sabha Ethics Committee chairperson Vinod Sonkar said on Friday that the panel received businessman Darshan Hiranandani's letter against Trinamool Congress (TMC) MP Mahua Moitra in the cash-for-query row, NDTV reported.
20 Oct 2023
Adani GroupAdani Group closes in on $3.5bn loan to restructure debt
The Adani Group is on the verge of securing a massive $3.5 billion (around Rs. 29,110 crore) loan to refinance its existing debt from the acquisition of Ambuja Cements Ltd.
18 Oct 2023
Rahul Gandhi'Adani Group over-invoiced coal imports, fleecing public,' alleges Rahul Gandhi
Congress leader Rahul Gandhi on Wednesday accused Adani Group of overcharging for coal imports, alleging this practice cost the public Rs. 12,000 crore.
12 Oct 2023
Adani GroupAdani Ports receives dollar bond buyback offers worth $213 million
Adani Ports and SEZ has shared that it got offers worth nearly $213 million for its dollar bond buyback program.
12 Oct 2023
Mukesh AmbaniAmbani, with $92bn net worth, tops Forbes' India rich list
Mukesh Ambani, the Chairperson of Reliance Industries, has snagged the title of India's richest person, according to Forbes' 2023 list of India's 100 richest.
11 Oct 2023
Adani GroupSEBI is investigating Adani Group's ties with Gulf Asia fund
India's market watchdog, the Securities and Exchange Board of India (SEBI), is looking into the connection between Adani Group and Gulf Asia Trade & Investment.
10 Oct 2023
Mukesh AmbaniMukesh Ambani replaces Gautam Adani as India's richest
The "360 One Wealth Hurun India Rich List 2023" has revealed some major shifts in India's wealth landscape.
06 Oct 2023
Walt DisneyDisney in talks with Adani, Maran to sell India business
Walt Disney Co. is said to be in early talks with Indian billionaires Gautam Adani and Kalanithi Maran, as well as private equity firms, to sell its streaming and television business in India.
04 Oct 2023
Abu DhabiIHC increases stake in Adani Enterprises to over 5%
Abu Dhabi-based International Holding Company (IHC) has increased its shareholding in billionaire Gautam Adani's flagship company, Adani Enterprises Ltd., to over 5%.
18 Sep 2023
Supreme Court Of IndiaPlea in SC seeks new panel to probe Adani-Hindenburg case
A fresh plea has reportedly been filed in the Supreme Court (SC), seeking the formation of a new expert committee in the Adani Group-Hindenburg case.
10 Sep 2023
Adani GroupAdani Group increases stake in two of its listed companies
Adani Group has raised its stake in two listed companies: Adani Enterprises and Adani Ports and Special Economic Zone (APSEZ), as part of its claw-back strategy following damaging reports from earlier this year.
10 Aug 2023
Adani GroupAdani Enterprises refutes Adani Wilmar stake sale rumors
Adani Enterprises has refuted media reports that said the company was looking to sell its stake in the FMCG joint venture Adani Wilmar.
18 Jul 2023
Adani GroupHindenburg report false, committee found no regulatory failure: Adani
In a fresh attack on Hindenburg Research, Adani Group Chairman Gautam Adani alleged its report—which accused the conglomerate of stock manipulation and financial irregularities—was a "deliberate and malicious attempt aimed at damaging its reputation."
04 Jul 2023
Elon MuskElon Musk's wealth soars by $97bn in 2023's first half
The first half of 2023 was extremely good for the world's wealthiest and in particular for Elon Musk.
27 Jun 2023
Adani GroupHow the Hindenburg report affected Adani Group's FY23 balance sheet
Gautam Adani has come out swinging against Hindenburg Research. In a letter to shareholders, the billionaire called the US-based short-seller's report "targeted misinformation."
27 Jun 2023
Adani GroupHindenburg report was 'targeted misformation' to earn profit: Adani
In a scathing attack on Hindenburg Research, Adani Group Chairman Gautam Adani said the report, which accused the conglomerate of stock manipulation and financial irregularities, was a combination of "targeted misinformation and discredited allegations" aimed at harming the conglomerate's reputation.
16 Jun 2023
United KingdomRavish Kumar's 'While We Watched' trailer out before UK debut
Filmmaker Vinay Shukla's newsroom documentary titled While We Watched is gearing up for its UK debut at the Sheffield Doc Fest. This documentary traces Indian journalist Ravish Kumar's resistance against disinformation.
19 May 2023
Adani GroupSupreme Court panel gives clean chit to Adani Group
The Supreme Court-appointed panel investigating Hindenburg Research's allegations against Adani Group stated on Friday that no pricing manipulation by the conglomerate has been found at this point.
28 Apr 2023
Adani GroupAdani Group has more lenders than before: Who are they
It wasn't that long ago when US-based short-seller Hindenburg Research raised questions about Gautam Adani-led Adani Group's sky-high debt.
20 Apr 2023
Adani GroupAdani meets Sharad Pawar amid opposition's demand for JPC probe
Gautam Adani, chairman of the Adani Group, met Nationalist Congress Party (NCP) chief Sharad Pawar at the veteran leader's residence on Thursday morning, reported PTI.
16 Apr 2023
Rahul GandhiKarnataka rally: Rahul Gandhi rakes up Adani issue, targets Modi
While Congress leader Rahul Gandhi is yet to get relief in the 2019 defamation case over remarks against PM Narendra Modi's surname made in Kolar, Karnataka, he attacked the prime minister in the same city again on Sunday.
08 Apr 2023
Adani GroupAdani-Hindenburg controversy: BJP reacts to Pawar dismissing opposition's JPC demands
Bharatiya Janata Party (BJP) IT cell chief Amit Malviya on Friday reacted to Nationalist Congress Party (NCP) supremo Sharad Pawar's dismissal of the opposition's demands for a Joint Parliamentary Committee (JPC) to probe the Adani Group-Hindenburg controversy.
03 Apr 2023
Adani GroupSEBI is probing Adani Group's offshore deals: Know why
Things are not getting any easier for Adani Group. The embattled conglomerate has been on an uphill task since the damning report by Hindenburg Research.
27 Mar 2023
Adani GroupCentre hasn't intervened in Adani crisis: PM Modi's economic adviser
Prime Minister Narendra Modi-led central government has reportedly not intervened in the Adani Group's scuffle with United States (US)-based short-seller Hindenburg Research, which triggered a massive downfall in the company's shares.
24 Mar 2023
Jack DorseyHow Jack Dorsey lost over $500mn after latest Hindenburg report
Hindenburg Research, whose report battered the shares of Indian conglomerate Adani Group, has found a new target: Jack Dorsey's Block.
23 Mar 2023
Adani GroupAnother big one: Adani slayer Hindenburg Research teases new report
United States (US)-based short-seller Hindenburg Research tweeted on Thursday that it will release a new report soon, calling it "another big one."
20 Mar 2023
ParliamentRajya Sabha adjourned again amid ruckus over Gandhi's London remarks
The ongoing clash between the Bharatiya Janata Party (BJP) and the opposition MPs continued for the sixth day on Monday, resulting in the 10th adjournment of the Rajya Sabha since the second leg of the Parliament Budget Session started.
20 Mar 2023
Adani GroupHow is Adani Group fighting the Hindenburg narrative
Adani Group, the once high-flying conglomerate, has been fighting a damning report by Hindenburg Research over the past few months.
18 Mar 2023
Amit Shah'Trust the judicial process': Amit Shah's advice on Adani-Hindenburg row
Union Home Minister Amit Shah has broken his silence on the opposition's demand to form a joint parliamentary committee to investigate the Adani Group-Hindenburg Research row.
10 Mar 2023
TelanganaBJP responds to KTR's 'Adani is proxy of PM' claims
Soon after Bharat Rashtra Samithi (BRS) leader KT Rama Rao (KTR) attacked the Bharatiya Janata Party (BJP) leader and Prime Minister Narendra Modi over the Adani Group controversy at a press briefing, the BJP's Natcharaju Venkata Subhash called the BRS leader "restless" on Thursday.
04 Mar 2023
Harish SalveProbe Hindenburg Research and those who made fortunes: Harish Salve
Former Solicitor General of India (SGI) and senior Lawyer Harish Salve said on Friday that the primary goal of United States based short-seller Hindenburg Research's report on Adani Group was to make a profit on the misfortune of middle-class investors.
02 Mar 2023
Supreme Court Of India'Truth will prevail': Adani welcomes SC order on Hindenburg case
Billionaire Gautam Adani welcomed the Supreme Court's order on the Adani Group-Hindenburg Research case on Thursday.
24 Feb 2023
Adani GroupAdani Group to conduct roadshow in Asia to appease investors
Investor confidence in Adani Group stocks and bonds is at an all-time low following a damning report by Hindenburg Research.
