Gautam Adani and seven other defendants allegedly consented to pay approximately $265 million in bribes. Gautam Adani, the founder and chairman of Adani group, along with his nephew Sagar Adani, have received summons regarding the US Securities and Exchange Commission’s (SEC) claims about paying $265 million (Rs 2,200 crore) in bribes for obtaining profitable solar…
Representative image (Pic credit: Reuters) NEW DELHI: Markets regulator Sebi’s board on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services in terms of flexibility in asset construction. In a statement issued after the board meeting, Sebi said its…
The Adani Group has been recognised in TIME’s World’s Best Companies of 2024 list, which was created in partnership with Statista, a prominent global industry ranking and statistics portal. In a media statement on Friday, Adani group which was ranked 736 expressed their gratitude. “The Adani Group is honoured to be featured in TIME’s prestigious…
MUMBAI: GQG Partners, the largest non-promoting shareholder in the Adani Group, picked up another 1.8% in Ambuja Cements on Friday for nearly Rs 2,750 crore through block deals. With this buy, the US-based investment firm‘s current exposure to one of the biggest cement makers in India went up to 3.1% from 1.3% earlier. This also…
NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety levelled…
NEW DELHI: Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch have refuted the allegations made against them by Hindenburg Research, a US-based short-seller, in its recent report. The statement was released shortly after Hindenburg Research claimed that the couple had stakes in “both the obscure offshore entities…
NEW DELHI: Hindenburg Research, a US-based firm, has recently hinted at a potential new report focused on India, more than a year after it made allegations against the Adani group of companies, accusing them of insider trading and other stock market violations.The cryptic message, posted on the company’s X social media account, simply stated, “Something…
NEW DELHI: Ambuja Cements Ltd (ACL) reported that its consolidated net profit for the first quarter ended June 2024 declined to Rs 789.63 crore from Rs 1,135.46 crore in the same period of the previous fiscal year, as per a regulatory filing.The revenue from operations for the June quarter stood at Rs 8,311.48 crore, compared…
Gautam Adani, one of the world’s wealthiest individuals, is planning to venture into shipbuilding at the Adani Group‘s primary port in Mundra, which is also India’s largest port. This decision comes as leading shipyards in countries such as China, South Korea, and Japan are fully booked until at least 2028, compelling global fleet owners to…
It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.But it turns out the US short-seller’s gains from the saga were tiny by comparison — just over $4 million.That figure, which hasn’t been independently confirmed by Bloomberg News,…
