CRISIL Ratings: Adani Group Maintains Adequate Liquidity Amid Legal Challenges

29 Nov 2024

The Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and planned capital expenditures in the medium term, according to a recent update from CRISIL Ratings. The agency stated, "All our outstanding ratings are under continuous surveillance." On November 20, the US Department of Justice...

Hurun Philanthropy 2024: Not Ambani Or Adani, See Who Topped the List!

08 Nov 2024

The 2024 Hurun India Philanthropy List reveals that while industrial giants Mukesh Ambani and Gautam Adani are among the wealthiest individuals in India, it is HCL Technologies founder Shiv Nadar and his family who continue to top the list of the nation's most generous philanthropists. For the second consecutive year,...

This Indian Billionaire was Kidnapped for $1.5 Million, Later Held Hostage During Mumbai Terror Attacks

28 Oct 2024

Gautam Adani is now recognized as one of India’s most influential businessmen, having risen from humble beginnings to become the country’s second-richest person. However, not many are aware that he has cheated death on two separate occasions. Adani is the driving force behind the remarkable ascent of the Adani Group,...

Indian Conglomerates Set for $800 Billion Investment Surge: S&P Global Ratings

14 Oct 2024

Indian conglomerates are preparing for a significant investment surge, with projected capital commitments reaching approximately $800 billion over the next decade, according to a recent report by S&P Global Ratings. This planned expenditure is nearly three times the amount invested by these large business groups in the previous ten years,...

Adani Group: Bangladesh’s $500M Godda Debt ‘Unsustainable,’ Says FT

09 Sep 2024

The Adani Group has alerted Bangladesh’s new interim government that its $500 million debt from the Godda power plant is “unsustainable,” according to a Financial Times report. “We are in constant dialogue with the Bangladesh government and have appraised them of this unsustainable situation where we are meeting not just...

Hindenburg Raises New Questions; Responds to SEBI Chairperson Madhabi Puri Buch

12 Aug 2024

In a series of tweets, Hindenburg Research has responded to SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, regarding allegations made on August 10, 2024. The Buchs had defended their investment in a fund made in 2015, prior to Madhabi Buch joining SEBI in 2017, stating the decision...

Why drag Ambani, Adani down?

18 May 2024

The leaders’ vision should be to promote industries, not ridicule industrialists. Before starting the discussion, let me narrate a historical anecdote. History is witness to the fact that the Bajaj and the Birla families have made remarkable contributions in the freedom struggle. Ramnath Goenka once asked Mahatma Gandhi, “Bapu, do...

Adani Group Injects Rs 8,339 Crore into Ambuja Cements, Raises Stake to 70.3%

17 Apr 2024

Adani Group has announced an infusion of an additional Rs 8,339 crore into Ambuja Cements Ltd (Ambuja), a prominent entity within the cement and building materials sector. Ambuja Cements stands as the flagship company under the diverse portfolio of the Adani group. This substantial capital injection underscores the Adani family's...

Supreme Court rules no regulatory failure by SEBI in Adani-Hindenburg row

03 Jan 2024

The Supreme Court has ruled that the Securities and Exchange Board of India (SEBI) did not exhibit any regulatory failure in the Adani-Hindenburg controversy. The judgment emphasizes that reliance on unverified press reports is insufficient and cannot serve as a foundation for regulatory lapses. The case, extensively covered by @DebayonRoy,...

SEBI probing Adani since 2016 is factually baseless, regulator tells SC

16 May 2023

The Securities and Exchange Board of India apprised the Supreme Court on Monday that the market regulator is already investigating Adani Group companies since 2016 is factually baseless. SEBI has filed a rejoinder affidavit in response to a petition relating to Hindenburg Research’s report on the Adani Group. SEBI had...