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…
Author: Admin
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…
RBI weighs on Adani issue, says India’s banking sector ‘remains resilient and stable’
With questions emerging on PSU banks’ exposure to the embattled Adani Group, Reserve Bank of India on Friday clarified that as per its current assessment, India’s “banking sector remains resilient…
Adani-Hindenburg row: Why can’t NSE pull off a Dow with controversy-hit Adani Group stocks, asks TMC MP Mahua Moitra
Trinamool Congress MP Mahua Moitra on Friday questioned why the National Stock Exchange (NSE) was not reevaluating the index membership of Adani Group firms’ stocks even after S&P Dow Jones…
France’s TotalEnergies says its Adani exposure limited
TotalEnergies said on Friday its exposure to ventures with India’s Adani Group was limited and that it had not revalued its stakes in Adani Total Gas and Adani Green Energy…
ITC Q3 net profit rises 21% to Rs 5,031 cr, firm declares interim dividend of Rs 6 per share
FMCG major ITC on Friday reported 21% jump in net profit at Rs 5,031 crore for the quarter ending December 31, 2022 as against Rs 4,156 crore in the year-ago…
Bank of Baroda says ‘absolutely no concern’ about its exposure to Adani Group
Bank of Baroda on Friday said the public lender has “absolutely no concern” about its exposure to tumult-hit Adani Group. After announcing December quarter results, the banks said its exposure…
Adani vs Hindenburg: LIC’s exposure to Adani Group companies within IRDAI framework, says DIPAM secretary
State-owned insurance giant Life Insurance Corporation’s (LIC) exposure to Adani Group companies is within insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) and its risk management framework, said…