Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31. The Gautam Adani-owned conglomerate also prepaid a $500 million facility it had taken for Ambuja acquisition financing, it said in a statement on Sunday, adding that the […]
SYDNEY — GQG Partners would likely expand its investment in the Adani group, the fund firm’s founder Rajiv Jain said on Wednesday, a week after its $1.9 billion infusion into the embattled Indian conglomerate. “Chances are we’ll probably buy more because we typically initiate a position and then depending on how things go and how […]
Amit Shah said the Supreme Court has already taken cognisance of the Adani-Hindenburg episode and formed a probe committee amid the opposition's demand of for a JPC.
India’s largest renewable power generation company, Adani Green Energy, has announced completion of its latest solar-wind hybrid project. Adani Green Energy announced in a press release that it successfully commissioned a 700 megawatt solar-wind hybrid project in the northern state of Rajasthan. The company claims that it is the world’s largest hybrid power project. The […]
Political implications from the Adani fallout could be far reaching for India despite the short-term concerns over governance issues, says one economist.
Indiabulls Housing Finance and GNFC are in the F&O ban list for 16 March. Securities banned under the F&O segment include companies where derivative contracts have crossed 95% of the market-wide position limit
The Enforcement Directorate on Saturday said it seized one crore rupees in "unaccounted cash" and detected proceeds of crime worth ₹600 crore after raids against RJD chief Lalu Prasad and his family in arelated money laundering case.
Two of the leading industrial conglomerates in India have committed to set up large scale renewable energy projects in the southern state of Andhra Pradesh. Reliance Industries and the Adani Group have reportedly announced plans to set up a total of 25 gigawatts in the state of Andhra Pradesh over the next few years. Neither […]
SYDNEY — GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week, the company said in a statement on Tuesday, and will explain its investment into embattled Indian Adani group. GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian […]
Aam Aadmi Party (AAP) spokesperson Sanjay Singh said that before 2014, Adani's six companies entered the power sector in Rajasthan and Maharashtra and not only took expenses for running operations, including generation of power, from the government, but also pocketed the profit they earned from the venture.
Get latest articles and stories on India at LatestLY. The AAP on Saturday accused Adani Enterprise Limited of doing a Rs 10,000 crore scam in the generation and distribution of electricity in Rajasthan and Maharashtra and demanded a probe by central agencies into the matter. India News | Adani Companies Did Rs 10,000 Crore Scam in Power Generation in Maharashtra, Rajasthan, Claims AAP.
Both houses were adjourned within minutes of their proceedings commencing as ruckus erupted among members with Opposition demanding a JPC robe and the Centre hitting back at them saying that Rahul Gandhi must apologise first. While the opposition parties are pressing for a joint parliamentary committee (JPC) probe into the Hindenburg report concerning the Adani group, Kharge said the Congress will not stop questioning the Centre over the Adani row. Track all the latest news and updates on the...