Adani Group: News
02 Feb 2023
ParliamentRuckus in Parliament as Opposition demands discussion on Adani-Hindenburg row
Proceedings in the Lok Sabha and Rajya Sabha were adjourned till 2 pm on Thursday after the Opposition kicked up a storm, demanding discussion on the risk to Indian investors in view of the diminishing value of Adani Group's shares following allegations of fraud leveled by US-based Hindenburg Research.
01 Feb 2023
Gautam AdaniAdani Enterprises calls off FPO, will return investors' money
In an unexpected but not surprising move, Adani Enterprises has called off its fully-subscribed Rs. 20,000 crore follow-on public offer (FPO). The decision was taken at a meeting of its board of directors.
31 Jan 2023
Prannoy RoyNidhi Razdan quits NDTV amid main stakeholder Adani Group's downturn
Senior journalist and anchor Nidhi Razdan has quit New Delhi Television (NDTV), she announced on Twitter.
31 Jan 2023
Gautam AdaniGautam Adani is no longer among world's top 10 richest
Hindenburg Research's damning report on the Adani Group has affected Gautam Adani's personal wealth as well. The Indian business tycoon saw his wealth decline by $34.6 billion since the report was published.
30 Jan 2023
Life Insurance Corporation of IndiaHindenburg report under evaluation, Adani Group would be questioned: LIC
Life Insurance Corporation (LIC) on Monday said that the Adani Group's response to the US-based short-seller Hindenburg Research's criticism was under evaluation and the group's management would be questioned soon, Reuters reported.
30 Jan 2023
Gautam AdaniHindenburg to Adani: Fraud cannot be obfuscated by nationalism
The back and forth between Hindenburg Research and Adani Group continues. Hours after the Indian conglomerate released a detailed rebuttal against allegations of stock manipulation and accounting fraud by Hindenburg, the US-based short seller responded by saying, "fraud is fraud."
27 Jan 2023
Securities and Exchange Board of IndiaSEBI increases scrutiny of Adani Group's deals after Hindenburg report
Hindenburg Research's report on Adani Group hasn't gone unnoticed in India. The Securities and Exchange Board of India (SEBI) might use the report for its own investigation into the conglomerate's offshore fund holdings, as per Reuters.
27 Jan 2023
Stock MarketSensex, Nifty crash as Adani Group stocks hit lower circuit
Sensex has slipped 1,023.24 points to 59,181.82 while Nifty is down 336.25 points to 17,555.7, triggered by a massive sell-off of Adani Group stocks, which have hit lower circuit amid accusations of market manipulation by Hindenburg Research.
26 Jan 2023
Gautam AdaniAdani Group mulling legal action against Hindenburg over 'malicious' accusations
Adani Group, led by Asia's richest man Gautam Adani, is exploring legal action against Hindenburg Research after the US-based short-seller accused the conglomerate of stock manipulation and accounting fraud.
18 Jan 2023
Gautam AdaniAdani Enterprises files papers for India's largest FPO: Key facts
Adani Enterprises has filed papers for a follow-on public offer (FPO) with the Securities and Exchange Board of India (SEBI). The company aims to raise a whopping Rs. 20,000 crore through the FPO.
30 Dec 2022
IndiaIndia records highest-ever M&A activity this year at $152bn
In 2022, we saw Indian companies making some big moves despite the global economic slowdown. The deal-making activity was at an all-time high.
19 Dec 2022
Gautam AdaniGautam Adani is 2022's biggest gainer. What fueled his growth
The year 2022 hasn't been a blockbuster for businesses around the world. Despite that, Indian billionaires have had a stellar year so far.
30 Nov 2022
Prannoy RoyDirectors Prannoy, Radhika Roy resign from NDTV's promoter company 'RRPR'
New Delhi Television (NDTV) founders Radhika Roy and Prannoy Roy have resigned as directors of the board of RRPR Holdings Private Limited (RRPRH) with immediate effect, the company said in a regulatory filing late on Tuesday.
23 Nov 2022
Adani PortsKerala: Adani's Vizhinjam mega port project stalled as fisherfolk protest
A shelter built by protesting fisherfolk has been hindering the construction of billionaire Gautam Adani's mega port in the Vizhinjam region of Thiruvananthapuram, Kerala.
12 Nov 2022
Gautam AdaniAdani Group opens offer to buy additional 26% NDTV stake
The Adani Group officially confirmed on Friday that its open offer to buy an additional 26% public shareholding in the NDTV, one of the leading news networks in the country, would open for subscription between November 22 and December 5.
08 Oct 2022
Rahul GandhiCongress chief will not be remote controlled, says Rahul Gandhi
Congress leader Rahul Gandhi declared on Saturday that whoever is chosen to lead the party as its new president would be free to make decisions and manage the party.
19 Sep 2022
Gautam AdaniAdani Group now India's most valued conglomerate; beats Tata Group
Gautam Adani-led Adani Group has surpassed Tata Group to become India's most valuable conglomerate with an overall market capitalization of over Rs. 22 lakh crore on the Bombay Stock Exchange.
16 Sep 2022
Gautam AdaniGautam Adani becomes world's second richest man, but momentarily: Forbes
Indian billionaire and the chief of one of the nation's biggest conglomerates Gautam Adani became the world's second richest person on Friday, but momentarily.
30 Aug 2022
Bill GatesAdani surpasses LVMH co-founder, becomes world's third-richest with $137.4B fortune
Gautam Adani, the founder and chairman of Adani Group, has become the world's third-richest person, with a fortune of $137.4B, as per the Bloomberg Billionaires Index.
24 Aug 2022
BusinessAdani Group's NDTV acquisition: Who are the winners and losers?
India's media and entertainment industry had a shocking start to their evening yesterday when news broke out that Adani Group had acquired a 29.18% stake in NDTV.
23 Aug 2022
BusinessAdani to acquire 29.18% stake in NDTV; launch open offer
AMG Media Networks Ltd. (AMNL), a subsidiary of Adani Enterprises, is set to indirectly acquire a 29.18% stake in NDTV.
22 Aug 2022
FarmersMSP not implemented because of PM's friend Adani: SP Malik
Meghalaya Governor Satya Pal Malik recently stated that India's farmers cannot be subdued and will continue to demonstrate till their demands are met, lashing out at the government for not implementing the promised legal assurance of Minimum Support Price (MSP).
09 Jul 2022
Bharti AirtelAdani joins 5G race; will compete with Reliance Jio, Airtel
Marking its possible entry into the telecom industry, Adani Group has put in an application to take part in India's first auction of the 5G spectrum on July 26.
17 May 2022
Gautam AdaniAdani Group acquires Holcim's stake in Ambuja, ACC for $10.5bn
Swiss cement giant Holcim has decided to exit India by selling its business in the country to Gautam Adani-led conglomerate for $10.5 billion.
26 Apr 2022
ForbesGautam Adani becomes world's 5th richest person, surpasses Warren Buffett
Gautam Adani, Chairman of Adani Group, has become the fifth-richest person in the world, topping legendary investor and Berkshire Hathaway CEO Warren Buffett, as per Forbes.
03 Apr 2022
Mukesh AmbaniGautam Adani joins $100 billion club, surpasses Mukesh Ambani
Gautam Adani, chairman of Adani Group, is the latest member of the $100 billion club, surpassing Reliance Industries chairman Mukesh Ambani to become India's wealthiest man, according to Bloomberg's Billionaires Index.
17 Mar 2022
Mukesh AmbaniAt $49 billion, Adani's wealth jumped the most in 2021
Gautam Adani, the second-richest person in India and Asia, increased his wealth by $49 billion last year, according to the 2022 M3M Hurun Global Rich List.
17 Sep 2021
Navi MumbaiNavi Mumbai airport work should be completed by 2024: Pawar
The construction of the Navi Mumbai International Airport Ltd (NMIAL), which is now under the management of the Adani group, should be completed by 2024, Maharashtra Deputy Chief Minister Ajit Pawar has said.
12 Apr 2021
FlipkartFlipkart strikes deal with Adani; to create 2,500 more jobs
Walmart Inc.'s Flipkart and Adani Group on Monday announced a strategic partnership to strengthen logistics and data center capabilities.
20 Jan 2021
KeralaKerala CM flays takeover of Thiruvananthapuram Airport by Adani Group
Kerala Chief Minister Pinarayi Vijayan on Wednesday criticized the takeover of Thiruvananthapuram Airport by the Adani Group, saying it is not for the development of the facility but to protect the interest of monopolies.
28 Jun 2020
Taapsee PannuTaapsee is furious after getting 'insane' Rs. 36,000 electricity bill!
This Sunday, Taapsee Pannu is not in a good mood.
23 Aug 2018
Kerala#KeralaReliefFund: Adani Foundation commits to donate Rs. 50 crore
Adani Foundation, the CSR arm of Adani Group, has committed to giving Rs. 50cr for relief and rehabilitation of Kerala flood victims, the group said today.
26 Feb 2018
Narendra ModiUP investors Summit 2018: Will Yogi create history?
The recently-concluded UP's Investor Summit was a glitzy marketing spectacle. What's more, industrialists promised investments worth Rs. 4.28Lcr by signing about 1,045 MoUs.
18 Jan 2018
Mukesh AmbaniBengal Summit fetched Rs. 2.2-trillion-worth investment proposals: Mamata Banerjee
The fourth edition of Bengal Global Business Summit has been concluded, and WB CM Mamata Banerjee said it has been "highly successful" as the state bagged a whopping Rs. 2.19-trillion-worth business proposals.
22 Dec 2017
MumbaiReliance Infra's power-business sold to Adani Transmission for Rs. 18,800cr
In a bid to become debt-free, Anil Ambani-owned Reliance Infrastructure has reportedly entered into a Definitive Binding Agreement with Adani Transmission to sell its Mumbai power business for Rs. 18,800cr.
18 Dec 2017
AustraliaControversial Carmichael project: Adani cancels A$2bn contract with Australia's Downer
Indian multinational conglomerate Adani Group has parted ways with Australian mining company Downer, terminating an A$2billion ($1.5billion) contract for the proposed, controversial $16.5billion Carmichael coal mine project in Australia's Queensland.
07 Oct 2017
AustraliaThousands of Australians protest against Adani coal mine
Massive protests were held across Australia against Indian mining giant Adani Enterprises' proposed $16.5 billion Carmichael coal mine in Queensland state.
03 Aug 2017
IndiaEPW row: Who's at fault? Paranjoy Guha Thakurta issues statement
The new-found tendency of corporate houses to threaten critical reporting claimed its first victim in recent times: Economic and Political Weekly editor Paranjoy Guha Thakurta resigned after being asked to remove an article on the Adani Group.
10 Apr 2017
Narendra ModiAustralian PM Malcolm Turnbull meets Modi during India visit
Australian PM Malcolm Turnbull arrived in New Delhi on Sunday for a four-day visit to India, his first since assuming office in September 2015.