Private sector lender Axis Bank has reported its exposure to Adani group firms amid the continuing uproar over the Hindenburg report on magnate Gautam Adani and his behemoth Adani Group,…
Author: Admin
Adani row: Indian regulators can handle the situation, says Piyush Goyal; Bihar CM demands investigation
Union Commerce and Industry Minister Piyush Goyal said on Saturday that regulators are well-equipped to handle the crisis and will take appropriate measures in response to claims of fraud against…
Government increases windfall gains tax on crude, diesel and ATF
The government changed the windfall profits tax on Saturday, increasing the Special Additional Excise Duty (SAED) on crude oil by Rs. 3,150 per tonne and the SAED on diesel and…
SEBI weighs on Adani stock rout, says ‘all surveillance measures in place to address excessive volatility’
Adani Group stock crash: Market regulator Securities and Exchange Board of India (SEBI) on Saturday said for orderly and efficient functioning of the market, all surveillance measures are in place to…
Hindenburg impact: Adani Enterprises shelves Rs 1,000-crore bond plan after market debacle
Adani Enerprises Ltd., one of India’s largest conglomerates, has shelved its plans to raise $122 million (Rs 1,003 crore) through a bond issue due to the company’s current market rout.…
‘India’s image isn’t suffering’: FM Sitharaman on withdrawal of Adani Enterprises FPO
Finance Minister Nirmala Sitharaman on Saturday said that the withdrawal of Adani Enterprises’ Follow-on Public Offer had no impact on the country’s macroeconomic fundamentals and reputation. On Wednesday, Adani Enterprises…
Adani stocks m-cap plunges nearly 50% in 7 sessions after Hindenburg report: 10 latest updates
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,…
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…