[ad_1] New Delhi: The Aam Aadmi Party (AAP) on Tuesday termed the allegations of financial fraud against the Adani Group as the “biggest scam” and urged Prime Minister Narendra Modi to order “a fair probe” into the matter. In a letter to the prime minister, AAP Rajya Sabha MP Sanjay Singh also demanded that the … Read more
[ad_1] Representational Image New Delhi: The Rs 20,000 crore share sale of Adani group’s flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three … Read more
[ad_1] Amid war of words between Adani Group and Hindenburg Research, India’s richest person Gautam Adani lost a spot on the world’s top ten billionaire list as his net worth dipped further on Tuesday. The stocks of his group companies continued to fall even after detailed responses to the Hindenburg report. In the report, the … Read more
[ad_1] New Delhi: Billionaire Gautam Adani’s embattled group clutched on to a USD 400-million investment by Abu Dhabi’s International Holding Co. in its flagship firm’s share sale to restore confidence in the conglomerate that saw nearly USD 70-billion rout in value after a tiny New York short seller came out with a damning report. Adani, … Read more
[ad_1] As the Adani Group tries to grapple with the Hindenburg Research report that accused them of financial fraud, mounting debts and offshore tax havens, the former has announced that it will go forward with the planned initial public offering (IPO) as scheduled. In a statement, Adani Group said, “There is no change in either … Read more
[ad_1] New Delhi: The government on Monday said it was willing to discuss every issue under rules during the Budget Session of Parliament and sought the support of the Opposition in running the proceedings smoothly. Briefing the media after an all-party meeting convened by the government ahead of the Budget Session beginning Tuesday, Parliamentary Affairs … Read more
[ad_1] India’s Gautam Adani, Asia’s richest man, faces possibly the biggest challenge of his career after a U.S. short seller, Hindenburg accused Adani conglomerate of stock manipulation and accounting fraud. Adani Group responded Hindenburg report with an over 400-page data, the group led by Gautam Adani called all the allegations “unsubstantiated” and “misleading”. However, despite the … Read more
[ad_1] Chairman of Adani Group, Gautam Adani New Delhi: Richest Indian Gautam Adani’s group on Sunday likened the damning allegations levied by short seller Hindenburg Research to a “calculated attack” on India, its institutions and growth story, saying the allegations are “nothing but a lie”. In a 413-page response, Adani Group said the report was … Read more
[ad_1] Hyderabad: Telangana Chief Minister K Chandrashekar Rao (KCR) stated on Sunday in the Bharat Rashtra Samithi (BRS) Parliamentary Party that the situation in the country is deteriorating day by day due to the unfortunate policies adopted by the Union Government. As such, KCR directed the party MPs to expose the Centre in the Parliament … Read more
[ad_1] Mumbai: Maharashtra Congress chief Nana Patole has alleged the money of LIC and other PSUs was invested in Adani Group at the behest of Prime Minister Narendra Modi which he claimed was “a massive scale of irregularities” and demanded a probe by Special Investigation Team (SIT). He also demanded the Maharashtra government take back … Read more