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India.com Business Desk February 20, 2023 2:57 PM IST
Last month, Gautam Adani's net worth stood at around $120 billion, making him the world's third richest person.
Sankunni K February 20, 2023 11:06 AM IST
"You have underwriting standards and you stick to them in good times as well as bad times," said Bank of Baroda CEO Sanjiv Chadha.
Sankunni K February 17, 2023 1:50 PM IST
In the domestic equity market, we can see mixed responses to the Adani stocks on Friday. While Adani Enterprises was down nearly 5 per cent on the NSE, Adani Power, and Adani Wilmar rose nearly 5 per cent on the national stock exchange.
Sankunni K February 17, 2023 12:48 PM IST
During his speech, Soros said that the turmoil engulfing Gautam Adani's business empire has sparked a punishing stock market selloff and shaken faith in India as an investment opportunity.
Sankunni K February 17, 2023 7:52 AM IST
In the past few weeks, the dollar bonds that Adani firms issued have dropped sharply in value although they have pared back some losses in recent days. Rating agencies S&P Global and Moody's this month revised their outlooks to negative from stable for some of the group's companies.
Sankunni K February 16, 2023 2:50 PM IST
Adani Group companies lost over $120 billion in market value since the publication of the Hindenburg Research report on 24 January 2023. The Adani group has vehemently denied the allegations and threatened legal action against Hindenburg.
India.com Business Desk February 15, 2023 12:11 PM IST
The bench initially agreed to list the PIL for hearing on February 24 and later decided to hear on Friday after the lawyer pointed out that two other PILs are listed on February 17.
Sankunni K February 15, 2023 8:31 AM IST
Ever since the US-based short-seller Hindenburg Research released its report accusing Adani Group of 'fraud' and 'manipulation', the conglomerate has lost over Rs 10 lakh crore -- that's simply a huge loss considering the fact that only 13 trading days passed since the publication of the report on 24 January 2023.
Sankunni K February 14, 2023 8:39 AM IST
Solicitor General Tushar Mehta told the court that the government will provide the court names of experts to be included in the committee in a "sealed cover"
India.com Business Desk February 14, 2023 7:21 AM IST
Even though the Adani Group, led by billionaire Gautam Adani, has strongly denied the allegations investors remain concerned. Shares in the Adani Group's seven listed companies have cumulatively lost about $120 billion in market value in the last three weeks.
Sankunni K February 13, 2023 4:23 PM IST
On 2 February 2022, India.com reported that SEBI is examining the rout in Adani Group's shares following the publication of the Hindenburg Research report. Earlier today, India.com also reported that SEBI is expected to brief government of India regarding its probe into Adani Group.
India.com Business Desk February 13, 2023 12:54 PM IST
Adani Group lost over $100 billion in market value ever since the US-based short seller Hindenburg Research published a scathing report on 24 January 2023, accusing the Indian conglomerate of illegal offshore fund parking and stock manipulation
Sankunni K February 13, 2023 9:08 AM IST
Even since the publication of Hindenburg Research's report on 24 January 2023, the listed Adani Group companies have lost over $120 billion in market value despite the conglomerate vehemently denying these allegations.
India.com News Desk February 13, 2023 2:11 AM IST
The DEA cited the example of the Delhi and Mumbai airports, where these bids were awarded to two groups despite GMR being the only qualified bidder considering the scale of these projects.
Sankunni K February 13, 2023 7:27 AM IST
Gautam Adani's business empire lost over $120 billion of its market value ever since Hindenburg Research published its scathing report on 24 January 2023 alleging the conglomerate of accounting fraud and stock manipulation.
India.com Business Desk February 10, 2023 3:24 PM IST
As per the British daily news report, the Adani Group has hired senior lawyers at Wachtell, Lipton, Rosen & Katz to advise the group on how to deal with the crisis that the conglomerate is facing right now.
Sankunni K February 10, 2023 10:29 AM IST
According to MSCI, the free float of security is defined as the proportion of shares outstanding that is considered available for purchase in the public equity markets by international investors.
Sankunni K February 10, 2023 8:41 AM IST
According to the International Monetary Fund, India's nominal gross domestic product at the end of October stood at 273 trillion rupees. That puts Adani's debts as a percentage of the economy at around 1.2 per cent.
Sankunni K February 9, 2023 1:58 PM IST
Adani's flagship firm Adani Enterprises called off its $2.5 billion follow on public offer (FPO), the largest India ever saw, last week as a rout sparked by US-based short seller Hindenburg's criticisms swept away billions off the value of the Indian tycoon's stocks.
Sankunni K February 9, 2023 10:46 AM IST
MSCI in its statement also added that as part of its February Index Review, it will suspend "any potential changes to the Number of Shares (NOS) for the affected securities."
India.com Business Desk February 9, 2023 8:17 AM IST
"This project was announced but nothing has been signed... and for now it won't be signed," Pouyann said. "It makes no sense to add more (projects) until there is clarity," he added.
Sankunni K February 8, 2023 5:47 PM IST
"The whole perception is coming because the market capitalisation of the shares of the group. When banks lend money to a company or to a group of companies, the banks do not lend on the basis of market capitalisation of that particular company," Mr Das added.
India.com News Desk February 7, 2023 2:45 PM IST
Amid the ongoing Adani-Hindenburg row, Congress MP Rahul Gandhi on Tuesday slammed the Modi government during his address at the Lok Sabha.
Sankunni K February 7, 2023 12:17 PM IST
Even since the Hindenburg Research report was published accusing the Adani Group of improper use of offshore tax haves and stock manipulation, investors have been worried about various banks' exposure to the group.
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