New Delhi: The US-headquartered financial research major Bernstein has published a report on Adani Group companies, stating that the Group is currently in a much stronger position than it was during the Hindenburg attack in January 2023. Despite facing some US-related developments, the Adani Group is on solid footing across four key areas: no share … Read more
Last Updated:November 30, 2024, 23:43 IST On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint in the New York district court against Gautam Adani. Gautam Adani was addressing the 51st Gem and Jewellery Awards. (PTI) Coming out in public … Read more
Jaipur: The time is ripe for us to leverage India’s geographic location and help make our nation become the centre of the logistics world, Adani Group Chairman, Gautam Adani, said on Saturday. Addressing the 51st India Gem and Jewellery Awards here, Gautam Adani said that in the case of logistics, what started as a port … Read more
Jaipur: Adani Group Chairman Gautam Adani said on Saturday that the set of allegations being levelled against the conglomerate in the US was another attack on the group from which it would emerge stronger and more resilient. Addressing the 51st Indian Gems and Jewellery Award function, the Adani Group Chairman referred to the “set of … Read more
New Delhi: CRISIL Ratings has reaffirmed its strong credit ratings for Adani Group companies in its latest report released on Friday. “Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and committed capex plans over the medium term,” the CRISIL report states. Despite recent legal developments, including a US indictment … Read more
Hyderabad: India’s largest lender, State Bank of India (SBI) and a host of Indian bankers are reviewing their exposure with the Adani Group to tighten their due diligence after the company’s chairman was indicted by the US government, Reuters reported. According to a Reuters report, eight Indian bankers from SBI, Bank of India, Union Bank, … Read more
POTENTIAL FOR A FULL-BLOWN DOMESTIC SCANDAL The echoes of the case will reverberate through India. So far it’s mostly Gandhi pounding the tables. For regional opposition leaders, Adani’s link with Modi hasn’t exactly been a hot-button issue. That was also the case when in a fresh report in August, Hindenburg alleged that Madhabi Puri Buch, … Read more
New Delhi: After calling for the arrest of industrialist Gautam Adani following his indictment by the United States for alleged bribery and fraud, Congress leader Rahul Gandhi asked people on Friday to understand the “dangerous game” of corruption, in which the public is the end loser. “This is a very dangerous game of corruption…. Adani … Read more
STOCK ROUT AND FALLOUT The US indictment has jolted Adani Group debt and equity. Adani Group bonds dropped for a second session after the news. However, stocks in the conglomerates’ companies stabilised on Friday, a day after nearly US$27 billion was knocked off from the combined market value of those shares. In a major blow, … Read more
Kenyan President William Ruto, on Thursday, November 21, announced that he had ordered the cancellation of multiple deals with the Adani Group, following Gautam Adani’s indictment in the US. The President said that a procurement process that was expected to hand over the control of the African nation’s main airport to the Indian conglomerate Adani … Read more
