Browsing Tag

Adani Group

22 posts

Indian tycoon Adani slams ‘malicious’ Hindenburg report

Indian tycoon Gautam Adani denies fraud accusations against his group, calling them a deliberate attempt to damage its reputation.

MSCI drops two Adani Group companies from India index

Global stock index compiler MSCI has removed Adani Total Gas and Adani Transmission from its India index due to their failure to meet market capitalization requirements. This comes after the Adani Group faced allegations of market manipulation, causing a significant decline in share prices. Adani Enterprises is set to consider raising funds through share sales or other securities, while the Indian Supreme Court is considering an extension of the probe into the manipulation allegations. The Adani Group’s shares have partially recovered but remain significantly below pre-allegation levels. Gautam Adani’s ranking on Forbes’ billionaires list has also dropped.

India’s scandal-hit Adani Enterprises back to profit

by Glenda Kwek MUMBAI, INDIA — Indian billionaire Gautam Adani’s flagship firm…

LIC’s share price drops 36% in 9 months after GIC invests in it; LIC has significant exposure to Adani

Last May, Indian state-run insurance company, Life Insurance Corporation (LIC) of India,…

DBS CEO admits bank has S$1.3b exposure to Adani Group but says he isn’t concerned and don’t expect to do anything

Reuters reported on Monday (13 Feb) that the rout in the share prices…

MSCI review puts India’s Adani shares back in the red

MUMBAI, INDIA — Global stock index compiler MSCI said it was reviewing…

India’s Modi hits back at opposition after Adani furore

INDIA — Indian Prime Minister Narendra Modi on Wednesday defended his record…

Adani shares dive again as Indian opposition stages demos

MUMBAI, INDIA — Investors dumped more Adani stock on Monday as India’s…

Adani stock rout raises questions about India’s credibility even as S’pore becomes #1 investor in India

Bloomberg published a news report on last Friday (3 Feb 2023) saying that…