Photo: Business Standard

SC Grants Extension To SEBI To Investigate Adani Groups Issue

In the Adani Group case, the Supreme Court issued a notice to the Securities and Exchange Board of India (SEBI) and asked to complete the probe by August 14.  The bench headed by Chief Justice D Y Chandrachud also directed the SEBI to file an updated status report on the investigation regarding Adani Groups' role in stock fluctuation and submit a report. The next hearing is on July 11.

Wed, 17 May 2023 - 04:19 PM / by Varsha Joshi

Tags: Supreme Court, Extension, SEBI, Adani Groups, DY Chandrachud

Gautam Adani

Photo: India Today

Adani Group Investigation Since 2016, SEBI Submits Affidavit

The Securities and Exchange Board of India (SEBI) filed a response to the Adani Groups' investigation. Market regulator SEBI told the Supreme Court today that allegations that it has been investigating the Adani Group since 2016 are "factually baseless". It also cautioned against "premature and wrong conclusions" in the case. SEBI also cautioned against a "premature conclusion" of the case, justifying its request for a six-month extension.… read-more

Mon, 15 May 2023 - 06:02 PM / by Varsha Joshi

Tags: Legal Process, SEBI, business, Adani Groups, Indian government

Courtesy: NDTV

Jeet Adani

Photo: The Indian Express

Youngest Son Of Gautam Adani Gets Engaged

Jeet Adani, the youngest son of Gautam Adani got engaged, after he proposed to Diva Jaimin Shah recently. According to sources, the couple's close friends and family members attended the private engagement ceremony. Jeet is the Vice President of Finance for the Adani Group, and Diva, the bride-to-be, is the daughter of renowned diamond trader Jaimin Shah of C.Dinesh & Co. Pvt. Ltd.

Tue, 14 Mar 2023 - 08:00 PM / by Varsha Joshi

Tags: Jeet Adani, Engagement, Businessmen, Gautam Adani, Adani Groups

Courtesy: Zee News India

Gautam Adani

Photo: First Post

Adani Groups Speak About Independent Audit Hiring News, Says Its Market Rumour

The Adani Group finally spoke about the news of hiring a US Firm for independent audit, amid Hindenburg claims.On February 16, company said, "We would like to clarify the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it… We wish to confirm we have made and will continue to make disclosures in compliance with obligations under SEBI 

Thu, 16 Feb 2023 - 02:12 PM / by Varsha Joshi

Tags: Adani Groups, Hindenburg Report, Independent Audit, TAXES, SEBI

Courtesy: Hindustan Times

Amit Shah

Photo: The Indian Express

Amit Shah Breaks Silence Over Adani Row, Says "Nothing To Hide"

Union Home Minister Amit Shah responded to the allegations of the Indian National Congress over Adani V/S Hindenburg Row. On February 14, Shah said, "There is nothing to hide or be afraid of." In a news interview Amit Shah denied any favours to Adani Group by the Modi Government and said, Congress's allegations are baseless. Earlier, in the Lok Sabha and Rajya Sabha session, PM Modi also rubbished the allegations.

Tue, 14 Feb 2023 - 11:25 AM / by Varsha Joshi

Tags: Adani Groups, Adani V/S Hindenburg, Amit Shah, union ministry, Congress

Courtesy: Hindustan Times

Gautam Adani

Photo: The Indian Express

Adani Groups To Hire Independent Audit Amid Claims Of Hindenburg Report

India's Adani Group has appointed accountancy firm Grant Thornton for independent audits of some of its companies. The decision to hire independent audits was taken to rubbish the claims of the Hindenburg report, which claimed irregularities and financial fraud by Adani Groups. Although the Adani Group denied all the allegations, investors are said to be concerned and have withdrawn the investment.

Tue, 14 Feb 2023 - 09:51 AM / by Varsha Joshi

Tags: Hindenburg Report, Adani Groups, Audit, US Firm, allegations

Courtesy: Hindustan Times


Photo: The Indian Express

Former UK PM Boris Johnsons Brother Quits As Director Of Adani Linked Firm

After the Hindenburg-Adani issue, 50-year-old  Lord Jo Johnson has resigned as the director of Elara Capital, an investment firm linked to Adani Group. At the same time, Johnson has cited a lack of expertise as a reason to quit from the firm. Besides the loss of $100 million, the Adani group is likely to lose investors and is also on the watchlist of the Reserve Bank of India. 

Fri, 03 Feb 2023 - 10:39 AM / by Varsha Joshi

Tags: Adani Groups, Elara Capital, Boris Johnson Brother, Hindenburg, business


Photo: India Today

RBI Seeks Details Of Exposure Of Adani Group Money In Local Banks

The Reserve Bank of India (RBI) on February 2, intervened in the ongoing Hindenburg and Adani Group matter. The Central Bank sought details from local banks about their exposure to Adani Groups and submit a report regarding the same. The decision to intervene in the matter was taken after the recent $100 million downfall of the… read-more

Thu, 02 Feb 2023 - 02:49 PM / by Varsha Joshi

Tags: Adani Groups, RBI, Legal Report, Hindenburg V/S Adani, FPOs

Courtesy: Reuters

Gautam Adani

Photo: The Times of India

Gautam Adani Announces Withdrawal Of FPOs Issued To Public

Adani Groups Chairman Gautam Adani announced to the withdrawal of all FPOs worth Rs. 20,000 crores. Addressing the media on February 2, Adani said, the decision to return the FPO money of all the investors and shareholders was taken in the view of the 'Market Volatility'. "In my humble journey of over 4 decades as an entrepreneur I have been blessed to receive overwhelming support from all stakeholders," said  Adani.

Thu, 02 Feb 2023 - 12:38 PM / by Varsha Joshi

Tags: Gautam Adani, Adani Groups, FPOs, Shares, Indian Stock Market

Courtesy: NDTV

Gautam Adani

Photo: Business Standard

Adani Slips To 11th Spot In Billionaire Index Amid Hindenburg Claims

Amid the Hindenburg Research claims of fraud, the Adani Group has lost $34 billion in just 3 days. On January 31, the fortune of Gautam Adani slipped to $84.4 billion, throwing the company to the 11th spot from the previous 4th position in Bloomberg's Billionaire Index. The current war between Hindenburg and Adani left the company with a $68 billion washed-away market value, currently.

Tue, 31 Jan 2023 - 12:56 PM / by Varsha Joshi

Tags: Gautam Adani, Billionaire Index, Adani Groups, Fraud Claims, Hindenburg

Courtesy: Hindustan Times