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Searched Tag: adani

All Adani group stocks tumble; Adani Energy slumps 17%

August 12, 2024, 11:01 AM - 2 min read

Adani Energy witnessed a drastic 17% drop after US-based short-seller Hindenburg Research made allegations against SEBI chairperson Madhabi Puri Buch and her husband.

SEBI chairperson Madhabi Buch, who is allegedly linked to Adani-related offshore funds, according to a Hindenburg report.

Hindenburg links SEBI chief to Adani scandal-related funds

August 11, 2024, 12:15 AM - 2 min read

"If SEBI really wanted to find the offshore fund holders, perhaps the SEBI chairperson could have started by looking in the mirror," it said. "We find it unsurprising that SEBI was reluctant to follow a trail that may have led to its own chairperson." , alleged Hindenburg.

Dharavi land transfer to Maha govt depts; Adani only a developer: Sources

Dharavi land to Maha govt, not Adani: Sources

June 16, 2024, 04:08 PM - 2 min read

The Dharavi slum redevelopment project does not transfer land to the Adani group but to Maharashtra government departments. The conglomerate will develop houses handed over to the state's Dharavi Redevelopment Project/Slum Rehabilitation Authority for allocation, sources clarified, rejecting claims of land grab by MP Varsha Gaikwad.

Bollywood A-listers , business titans attend swearing-in ceremony

Bollywood stars, business giants attend ceremony

June 10, 2024, 09:52 AM - 2 min read

The swearing-in ceremony at the Rashtrapati Bhavan drew a notable crowd of close to 8,000 attendees, including Bollywood superstars Shah Rukh Khan and Rajinikanth, singer Kailash Kher, and prominent business figures such as Mukesh Ambani and Gautam Adani.

Mahua Moitra's plea rejected by the Delhi HC. Image X.

Expelled TMC MP Mahua Moitra faces uphill battle as Delhi HC rejects plea

March 4, 2024, 04:21 PM - 2 min read

The Delhi High Court dealt a significant blow to expelled Trinamool Congress (TMC) MP Mahua Moitra's legal battle on Monday by dismissing her plea seeking to curb BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai from making defamatory remarks against her regarding the cash-for-query scam case.

Adani group's Billions bolster Defence sector, Unveils largest ammunition facilities

February 26, 2024, 07:34 PM - 2 min read

Adani Group made a significant announcement on Monday, inaugurating two colossal facilities for ammunition and missile production, positioning them as the largest in South Asia. With an investment exceeding Rs 3,000 crore and sprawling across 500 acres, Adani Defence & Aerospace aims to fortify its foothold in defence manufacturing.

"We have emerged stronger", declares Gautam Adani on anniversary of Hindenburg Report

January 25, 2024, 01:30 PM - 2 min read

"We remained committed to maintaining our growth momentum, the Group continued its investments, evidenced by our asset base growth to Rs 4.5 lakh crore," Adani said.

Congress, Adani, Hypocrisy, projects, development

Adani's mega investment plans in Congress-ruled Telangana

January 18, 2024, 05:28 PM - 2 min read

The business conglomerate, owned by Gautam Adani, is often the target of attack by Congress for being an undue beneficiary of the NDA government. Senior Congress leader Rahul Gandhi never loses an opportunity to criticise Adani and accuse Prime Minister Narendra Modi of ‘doling out favours to his close friend.’

Gautam Adani, Investment, India, Vibrant Gujarat Global Summit, India

Adani to invest ₹2 lakh crore in Gujarat

January 10, 2024, 04:49 PM - 2 min read

"Over the next five years, Adani Group will invest over Rs 2 lakh crore in Gujarat - that is USD 25 billion - thereby creating over 1 lakh direct and indirect jobs," Adani said at the 10th Vibrant Gujarat Global Summit here.

The Supreme Court of India delivered it's verdict today on Dec 3,2023, on a series of petitions seeking an independent investigation into allegations of accounting fraud and stock manipulation against companies within the Adani Group

SC upholds SEBI probe, dismissing Hindenburg report as basis for investigation into Adani group

January 3, 2024, 12:07 PM - 2 min read

The bench, comprising of DY Chandrachud, justices JP Parala, Manoj MRA, pronounced the judgement after the conclusion of arguments in the case reserved on Nov 24, 2023.

Supreme Court, Adani, Hindenburg report, stock manipulation, India

Supreme Court to announce verdict on Adani-Hindenburg row related pleas

January 3, 2024, 10:04 AM - 2 min read

The top court, while reserving the verdict, had said it had no reason to "discredit" SEBI, the stock market regulator, which probed the allegations against the Adani group. The court said there was no material before it to doubt what the market regulator had done.

Adani's Media takeover: billionaire buys 50.5% stake in IANS

December 16, 2023, 05:25 PM - 2 min read

Billionaire Gautam Adani's group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space.