India’s Adani Group has appointed accountancy firm Grant Thornton for independent audits of some of its companies in a bid to discredit claims by short-seller Hindenburg Research that have battered…
Category: Companies
SAIL Q3 results: Net profit falls 65% to Rs 542 cr
Steel Authority of India Limited on Monday reported 65% decline in consolidated net profit at Rs 542 crore for the quarter ended December 31, 2022. The state-owned steelmaker reported net…
Bombay HC order quashing the write-off of YES Bank AT-1 bonds challenged before SC
Bombay High Court’s order quashing a decision taken by the YES Bank Administrator on March 14, 2020 to write off Additional Tier 1 (AT-1) bonds has been challenged before Supreme…
Adani Group says balance sheet of companies ‘very healthy’ and business plan is ‘fully funded’
The Adani Group on Monday said that the balance sheet of each of its companies was “very healthy” and that it has strong corporate governance and secure assets. “We have industry-leading…
No problem with setting up an expert panel to avoid Adani-like volatility: Centre tells SC
Centre told Supreme Court on Monday that it has no problem with setting up an expert panel to avoid Adani Group-like market volatility. On Friday, the apex court had sought…
NSE co-lcoation case: SC refuses to cancel bail granted to Chitra Ramkrishna
Supreme Court on Monday refused to cancel statutory bail granted to former NSE chief Chitra Ramkrishna in the NSE co-location case. In 2018, an FIR was registered following revelations about…
Public sector general insurers have Rs 348-cr exposure in Adani Group companies: FinMin
Public sector general insurance companies like New India, United India, National Insurance, Oriental Insurance and General Insurance Corporation Re have Rs 348-crore exposure in Adani Group companies, Finance Ministry told…
Billionaire Gautam Adani’s little-known unlisted company: A hidden gem with 351 subsidiaries
Indian promoters starved of capital often pledge their shares to create the foundation of new businesses or infuse equity to expand existing businesses. That’s what billionaire Gautam Adani did with…
SEBI to update FM Nirmala Sitharaman on Adani probe
Market regulator, Securities and Exchange Board of India (SEBI), will update the finance ministry this week on the investigation into Adani Group’s withdrawn Rs 20,000 crore follow-on public offer (FPO).…
Adani Group slashes growth targets amid rout sparked by Hindenburg report
India’s Adani Group has halved its revenue growth target and plans to scale down fresh capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have…