Tag: Adani Group

SC-appointed committee says retail exposure in Adani Group increased after Hindenburg report

The committee also concluded, based on empirical evidence, that the Indian market as a whole was not "unduly volatile".

May 19, 2023

SC grants 3-month extension to SEBI to conduct probe into Hindenburg report against Adani Group

The court also said that the matter will be listed in July and requested the expert committee to continue to assist the court.

May 17, 2023

SEBI calls claim that it is investigating Adani since 2016 baseless

In its response affidavit to a petition relating to the Hindenburg report, the market regulator told the Supreme Court that investigation done earlier pertains to the issuance of Global Depository Receipts (“GDRs”) by 51 Indian listed companies.

May 15, 2023

Hindenburg triggered Adani crash: SC receives Justice Sapre panel report

The apex court disclosed that the Securities and Exchange Board of India (SEBI) will get another three months to complete its probe into Adani-related volatility in the securities market and not six months sought by it.

May 12, 2023

Lesson for Adani

To build a broad base of support for its activities and to maintain its brand and social reputation, a global company such as the Adani Group must do bridge-building diplomacy. The first step in doing corporate bridge-building is to ask the question: Who are we? The answer will embody the mission, the reason for being there, apart from creating wealth and prosperity which is the foundation of capitalism

April 20, 2023

Parliament passes Competition Amendment Bill, 2023; Opposition continues protest over JPC demand on Adani issue

The Competition Amendment Bill, 2023 seeks to amend the Competition Act, 2002, to regulate mergers and acquisitions based on the value of transactions.

April 4, 2023

Parliament adjourned till Wednesday after reference to RS Day

The last week of its Budget Session was marked by interruptions by the Opposition shouting slogans for a JPC inquiry into the Adani Group affairs.

April 3, 2023

Himachal government to probe Adani group’s CA store

The Adani group got Rs 15.98-crore subsidy from the National Horticulture Board to set up three CA stores, but no MoU has been signed to establish them in violation of APMC Act.

March 28, 2023

Congress MPs give suspension of Business Notice to discuss “govt’s failure in constituting JPC” to probe Adani issue

The MPs who gave the Notice in Rajya Sabha include Pramod Tiwari, Ranjeet Ranjan, while Manickam Tagore gave an adjournment motion notice in Lok Sabha.

March 27, 2023

DMK MP gives Suspension of Business notice in RS to investigate Adani issue

The Congress leader said in a statement that he had moved the motion to discuss the need to constitute a JPC to investigate the "government's role in promoting the business interests of Adani Group

March 23, 2023

No end in sight to stalemate in Parliament over Rahul remarks

The government stuck to its demand for the Congress leader's apology even as the Opposition shouted for a JPC probe into the Adani Group's financial irregularities.

March 20, 2023

Farm laws were brought to benefit one corporate: Jairam Ramesh

Ramesh alleged Adani Agri Logistics has become the major beneficiary of the Food Corporation of India's silo contracts.

March 9, 2023

“Truth will prevail”: Adani Group welcomes Supreme Court order, says it will bring finality in time-bound manner

In addition to this, SC has directed SEBI to investigate whether there has been a violation of Section 19 of SEBI rules, whether there was any manipulation of stock prices.

March 2, 2023

IT stocks drag Sensex, Nifty in morning session; Adani Group firms gain

On Thursday, Adani Enterprises' shares surged 1.74 per cent to Rs 1,589.90 apiece on BSE. It had gone up 15.90 per cent in a span of five days.

March 2, 2023

Adani issue: SC ‘no’ to Forbes report

Till now, four PILs have been filed in the top court on the issue by lawyers ML Sharma and Vishal Tiwari, Congress leader Jaya Thakur and activist Mukesh Kumar.

February 20, 2023

Hindenburg Research Report: SC moved for probe into Adani group of companies, SBI, LIC

The Securities and Exchange Board of India (SEBI) in a note to the Supreme Court relating to the Adani case has voiced its opposition to any kind of ban on short-selling of the shares.

February 14, 2023

Govt nod to SC panel for a robust mechanism in securities market to protect investors interest

SC asked the Centre to come with the remit of the proposed panel by Wednesday and posted the matter for hearing on February 17.

February 13, 2023