Gautam Adani, in a video statement early Thursday morning, said that investor interest is paramount, which was why they cancelled the follow-on public offer (FPO) after it was fully subscribed.…
Category: Companies
Citigroup’s wealth arm stops accepting Adani Group securities
Citigroup Inc’s wealth arm has stopped accepting Adani Group securities as collateral for margin loans. This comes as banks ramp up scrutiny of the Gautam Adani-led conglomerate’s finances following the…
Hindenburg bet against India’s Adani puzzles rival U.S. short sellers
When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules…
Adani Enterprises calls off Rs 20,000-cr FPO, money to be returned to investors
Adani Enterprises, the flagship arm of Adani Group, on Wednesday announced withdrawal of its Rs 20,000-crore follow-on public offer (FPO) amid current market volatility. “Given the unprecedented situation and the…
SEBI examining Adani Group shares rout: Report
India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of…
Adani Group: The curious case of Credit Suisse
Switzerland-based global financial major Credit Suisse is in the news for its stance taken on the bonds of some of the group entities of the Adani Group even as its…
Chennai: PVR launches India’s first multiplex in an airport complex
PVR Cinemas on Wednesday announced the launch of the first-ever multiplex in the country to be housed within an airport complex. This 5-screen property will be at PVR Aerohub in…
Intel slashes employee, exec pay amid PC market downturn
Intel Corp said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of…
‘Will transform Haifa,’ says Gautam Adani after Adani Group takes control of Israeli port
Billionaire Gautam Adani on Tuesday met Israel Prime Minister Benjamin Netanyahu on the occasion of the official handover of the Haifa Port to the Adani Group. A consortium of Adani…
Coal India Q3 net profit rises 70% to Rs 7,756 cr, firm declares interim dividend of Rs 5.25 per share
State-run Coal India reported a 70.1% surge in third-quarter profit on Tuesday, beating estimates, as production at the world’s largest coal miner increased due to higher power demand amid extreme…