NEW DELHI: Authorities in the United States are making inquiries about the representations that the Adani Group made to its American investors in the wake of the allegations of stock manipulation by Hindenburg Research, Bloomberg reported on Thursday. The inquiries have been sent by the US
Darlaghat: For truckers transporting cement from Adani's factories in a hilly north Indian state, a US short-seller's critical research report on the giant conglomerate was a godsend they say helped them save their livelihoods. For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh
New Delhi: Adani stocks continued to slip in the share market on Monday, February 20, and the Adani Group’s market capitalisation slipped below $100 billion. This, according to Livemint means a fall of over $135 billion, since the Hindenburg Research report which accused the group
New Delhi: India's market regulator is investigating Adani Group's links to some of the investors in the conglomerate's aborted $2.5 billion share sale, two sources said, amid growing concern in New Delhi about a US short-seller's allegations against one of the country's top industrial groups. The
Paris: French company TotalEnergies has said that it has put on hold its participation in the Adani Group’s $50 billion (over Rs 4.12 lakh crore) hydrogen project after allegations of financial irregularities were raised against the conglomerate by United States-based firm Hindenburg Research, Reuters reported. The
New Delhi: The Congress on Wednesday continued to target the Narendra Modi government in Parliament on allegations that it was in collusion with industrialist Gautam Adani. Party chief Mallikarjun Kharge questioned whether the exponential rise in Adani’s wealth was due to favours from the government. “Wealth
New Delhi: Amidst the opposition backlash in the parliament against the Union government’s silence on alleged stock manipulation by the Adani group, the Congress decided to pose three questions to Prime Minister Narendra Modi every day on the purported financial scandal. The party’s decision to intensify
New Delhi: Opposition members of parliament came together in both Houses of Parliament on the issue of allegations against the Adani group and raised slogans terming the Narendra Modi government an “Adani Sarkar”. They also demanded that the prime minister tell the nation what his
New Delhi: A US research firm's allegations of fraud against billionaire Gautam Adani's business empire have sparked a political row in India. Fraud claims against Adani group Opposition leaders stalled the functioning of parliament for a second straight day on Friday as they demanded an investigation
New Delhi: The Reserve Bank of India has asked Indian banks for details of their exposure to the Adani Group’s companies, Reuters and CNBC-TV18 have reported. Both have quoted unnamed sources in banking and government. CNBC-TV18 has reported that the RBI sought this information as part of