Ten days after Hindenburg Research released its scathing report accusing the Adani Group of stock manipulation and accounting fraud, a lot has changed for the ports-to-power conglomerate. Since January 24,…
Author: Admin
Black Swan author Taleb’s advice for Gautam Adani: Don’t say ‘everything is OK’
Renowned author Nassim Nicholas Taleb has offered his two cents for billionaire Gautam Adani, whose companies have been facing a massive rout in the stock market, which was triggered by…
GST Council to meet on Feb 18
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will meet on February 18. “The 49th meeting of the GST Council is scheduled to be…
‘Cyril Shroff should recuse himself if…’: TMC’s Mahua Moitra on SEBI panel member’s link to Adani family
Trinamool Congress MP Mahua Moitra on Friday weighed on the Adani-Hindenburg matter by highlighting senior lawyer Cyril Shroff’s link to the Adani family. Shroff, a corporate lawyer, is the managing…
FM Sitharaman says both LIC and SBI have their exposure to Adani Group ‘well within permissible limits’
Finance Minister Nirmala Sitharaman on Friday said both State Bank of India and Life Insurance Corporation have issued detailed statements with respect to their exposure to the embattled Adani Group…
Paytm Q3 results: Net loss narrows to Rs 392 crore, revenue rises 42%
Digital payments app Paytm’s parent One 97 Communications Ltd on Friday reported its consolidated loss narrowed by nearly 50% to Rs 392 crore in the quarter ended December 31, 2022…
Hindenburg impact: Ministry of Corporate Affairs reviews Adani Group’s financial statements, says report
The ministry of corporate affairs has started a preliminary review of Adani Group’s financial statements and other regulatory submissions made over the years, two senior government officials told Reuters on…
Hindenburg impact: S&P Global Ratings downgrades outlook on Adani Ports, Adani Electricity to negative
S&P Global Ratings downgraded Adani Ports and Adani Electricity to negative from stable while maintaining the rating. The shares and bond prices of Adani Group firms have fallen dramatically as…
Govt asks Vodafone Idea to convert interest dues into equity worth Rs 16,133 cr at Rs 10 per share
Government on Friday agreed to convert Vodafone Idea’s interest dues into equity, said the telecom firm in a stock exchange filing. Vodafone Idea on Friday said that government directed it…
Adani-Hindenburg row: At Rs 27,000 cr, SBI’s exposure to Adani Group is 0.9% of overall loan book, says chairman
State Bank of India (SBI) chairman Dinesh Khara has said that the bank’s total exposure to Adani Group is 0.9 per cent of the overall loan book, which is around…