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.
Tags: Jeet Adani, Engagement, Businessmen, Gautam Adani, Adani Groups
Courtesy: Zee News India
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
Tags: Adani Groups, Hindenburg Report, Independent Audit, TAXES, SEBI
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.
Tags: Adani Groups, Adani V/S Hindenburg, Amit Shah, union ministry, Congress
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 Although the Adani Group denied all the allegations, investors are said to be concerned and have withdrawn the investment.
Tags: Hindenburg Report, Adani Groups, Audit, US Firm, allegations
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.
Tags: Adani Groups, Elara Capital, Boris Johnson Brother, Hindenburg, business
Courtesy: The Free Press Journal
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
Tags: Adani Groups, RBI, Legal Report, Hindenburg V/S Adani, FPOs
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.
Tags: Gautam Adani, Adani Groups, FPOs, Shares, Indian Stock Market
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.
Tags: Gautam Adani, Billionaire Index, Adani Groups, Fraud Claims, Hindenburg
Anil Ambani-led Reliance Claims Breach Of Contract Against Adani Groups
Anil Ambani-led Reliance Infrastructure has approached the Mumbai Centre for International Arbitration against Adani Transmission. The Reliance owner filed an arbitration claim of Rs 13,500 crore against Adani’s power distribution arm over breach of terms of a December 2017 share purchase deal. Notably, power businesses including generation, transmission and distribution in Mumbai were transferred to the Adani Group for Rs18,800 crore. The… read-more
Tags: Reliance, Adani Groups, ANIL AMBANI, Breach of contract, Gautam Adani
Courtesy: The Free Press Journal
Gautam Adani Becomes World’s 3rd Richest Person Surpassing Louis Vuitton Chief
Adani group’s chairman Gautam Adani has become the third richest man in the world, with a net worth of USD 137.4 billion, according to Bloomberg Billionaires Index (BBI). Adani has surpassed Louis Vuitton chief Bernard Arnault, and is behind Elon Musk and Jeff Bezos. Adani has also become the first Asian to break into the top three on BBI. Mukesh Ambani stands at the eleventh spot with USD 91.9 billion.
Tags: Gautam Adani, Mukesh Ambani, Adani Groups, Richest Man, Bloomberg Billionaire Index