Tag: Adani Group

Adani Group to invest ₹3,500 cr. in Madhya Pradesh’s Gwalior-Chambal region

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Adani Group to invest ₹3,500 cr. in Madhya Pradesh’s Gwalior-Chambal region

Madhya Pradesh Chief Minister Mohan Yadav along with Union Minister Jyotiraditya Scindia, state Assembly Speaker Narendra Singh Tomar, Adani Ports & Special Economic Zone Ltd CEO Karan Adani and other dignitaries inaugurate Regional Industry Conclave, in Gwalior on August 28, 2024 | Photo Credit: ANI The Adani Group has proposed to invest ₹3,500 crore in…

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Business

Adani Portfolio Q1 PAT surges 50% to ₹10,279 crore

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Adani Portfolio Q1 PAT surges 50% to ₹10,279 crore

According to the results, the strong performance for the quarter was led by Adani Enterprises’ emerging businesses, including solar and wind manufacturing. File | Photo Credit: Reuters Adani Group said that its portfolio of companies reported first quarter adjusted net profit surged 50.1% to ₹10,279 crore over the year ago period. EBITDA for the quarter…

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Business

Hindenburg allegations against SEBI chief casts an ‘atmosphere of doubt’, direct completion of probe against Adani group, plea asks Supreme Court

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Hindenburg allegations against SEBI chief casts an ‘atmosphere of doubt’, direct completion of probe against Adani group, plea asks Supreme Court

Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch. File | Photo Credit: PTI An application filed in the Supreme Court on Tuesday (August 13, 2024) said the new Hindenburg Research’s allegations against Securities Exchange Board of India (SEBI) chairperson Madhabi Buch creates an “atmosphere of doubt”, making it incumbent for the court…

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Business

“Congress Involved In Creating Economic Anarchy”: BJP On Hindenburg Report

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“Congress Involved In Creating Economic Anarchy”: BJP On Hindenburg Report

New Delhi: The Congress “wants the Indian stock market to crash” the BJP’s Ravi Shankar Prasad said Monday as the ruling party continues to hit back at the opposition over short-seller Hindenburg Research’s latest allegations of financial misconduct against the Adani Group. The former Union Law Minister also claimed the Congress is “involved in creating…

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Nation

Hindenburg Research: Allegations against Adani duly investigated; Madhabi Buch disclosed, recused when necessary, says SEBI

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Hindenburg Research: Allegations against Adani duly investigated; Madhabi Buch disclosed, recused when necessary, says SEBI

SEBI chief Madhabi Puri Buch at SEBI Bhavan in Mumbai. | Photo Credit: PTI In its first comments following a new report by U.S.-based short seller Hindenburg Research, capital markets regulator SEBI on Sunday (August 11, 2024) said it has investigated all the allegations against the Adani group. Chairperson Madhabi Buch made relevant disclosures from…

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Business

Government must eliminate conflicts of interest in SEBI’s Adani probe: Congress

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Government must eliminate conflicts of interest in SEBI’s Adani probe: Congress

Congress president Mallikarjun said, “the concerns persist that PM Modi will continue to shield his ally, compromising India’s constitutional institutions, painstakingly built over seven decades.” | Photo Credit: PTI In the wake of U.S. short-seller Hindenburg Research’s allegations against SEBI chairperson Madhabi Buch, the Congress said on Sunday (August 11, 2024) that the Government must act…

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Business

Hindenburg Research alleges SEBI chief held investments in offshore funds used by Adani Group

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Hindenburg Research alleges SEBI chief held investments in offshore funds used by Adani Group

SEBI chairperson Madhabi Puri Buch. Photo: sebi.gov.in U.S. based short-seller Hindenburg Research in a new report released on Saturday (August 10, 2024) alleged that the chairperson of India’s market regulator Securities and Exchange Board of India (SEBI) Madhabi Puri Buch held investments in certain offshore funds that were also used by the Adani group. Ms….

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Business

Adani Group Fulfils Promise Of Rs 5 Crore Donation For Wayanad Victims

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Adani Group Fulfils Promise Of Rs 5 Crore Donation For Wayanad Victims

Adani group donates Rs 5 crore for Wayanad landslide victims. New Delhi: The Adani group has fulfiled its promise of Rs 5 crore donation to support the rehabilitation of Wayanad landslide victims.  On July 31, Gautam Adani, Chairman and founder of the Adani group of companies expressed his condolences for the lives lost in the…

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Nation

Adani’s Ambuja Cement to invest ₹1,600 crore in Bihar to set up grinding unit

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Adani’s Ambuja Cement to invest ₹1,600 crore in Bihar to set up grinding unit

This investment from Ambuja Cementis “the largest investment in the State by a cement industry player”. File | Photo Credit: Reuters Adani Group-owned Ambuja Cement Ltd (ACL) on August 3 announced an investment of around ₹1,600 crore in Bihar to set up a cement grinding unit at Warisaliganj in Nawada district. The 6 MTPA Warisaliganj…

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Business