Adani to prepay $1.11b loans on shares

India's Adani Group today said shares related to some group companies will be released following the pre-payment of $1.11 billion of loans ahead of their maturity in 2024 while denying media reports that said the conglomerate was planning to cut back its capital spending.
6 February 2023

Adani woes spur protests, arrests

The crisis engulfing the Adani group intensified on Monday as dozens of members India's main opposition party were detained by police during protests, and parliament was suspended again due to disruptions over the saga.
6 February 2023

Adani stock fall: India’s opposition MPs protest, demand JPC probe

India's opposition lawmakers held a protest on the premises of parliament demanding joint parliamentary committee (JPC) probe into the sharp fall in values of stocks of billionaire tycoon Gautam Adani-led Adani Enterprises.
6 February 2023

Adani Group plans to trim its capital spending plans: Report

India's Adani Group plans to trim its capital spending plans, newspaper Mint reported today citing people close to the development, days after the conglomerate's flagship firm called off a $2.5 billion share sale.
6 February 2023

Adani Enterprises shelves $122 mn bond plan

Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), Bloomberg News reported on Saturday.
4 February 2023

Assam police arrest 1,800 men

Police in Assam have arrested more than 1,800 men for marrying or arranging marriages to underage girls, launching what the eastern Indian state’s chief minister said yesterday was the start of a sustained crackdown on the practice.
3 February 2023

Adani issue a ‘storm in a tea cup’

The Indian government yesterday termed the stock market turmoil sparked by a sharp fall in the values of Adani Group a "storm in a teacup" as a ruckus over the issue disrupted the proceedings of both Houses of the Indian parliament for the second successive day.
3 February 2023

1,800 men arrested in India in crackdown on underage marriage

Police in Assam have arrested more than 1,800 men for marrying or arranging marriages to underage girls, launching what the eastern Indian state's chief minister said on Friday was the start of a sustained crackdown on the practice.
3 February 2023

Adani denies rise due to relation with Modi

Beleaguered Indian tycoon Gautam Adani denied today that his rise to become Asia's richest man -- a title he has lost in a phenomenal stock rout -- was due to Prime Minister Narendra Modi, as shares in his conglomerate slumped again.
3 February 2023

Indian journo walks free after 2 years in jail

An Indian journalist held in custody for more than two years without trial walked free yesterday after being granted bail in a money laundering case.
2 February 2023

Adani's empire in turmoil, why?

The business empire of Gautam Adani is in mayhem, losing more than $100 billion in value and sending the Indian tycoon tumbling down the global rich list after allegations of major accounting fraud.
2 February 2023

Indian govt distances itself from Adani power deal

India today made it clear that it was not involved in any agreement between the Bangladesh government and Adani Power for procurement of electricity from the Indian conglomerate's plant in Jharkhand.
2 February 2023

Held in custody without trial: Indian journalist walks free after 2 years

An Indian journalist held in custody for more than two years without trial walked free on Thursday after being granted bail in a money laundering case.
2 February 2023

Indian opposition MPs demand high-level probe into Adani's alleged stock manipulation

India’s opposition lawmakers today demanded that a joint parliamentary committee or one monitored by the Supreme Court probe the allegations of stock manipulation by Adani group.
2 February 2023

Not morally correct to proceed, says Adani on scrapping FPO of shares

A day after India’s billionaire tycoon Adani Enterprises scrapped its fully-subscribed Follow-On Public Offering (FPO) of shares worth 20,000 crore rupees, its chairman Gautam Adani explained the move saying “the Board felt that it would not have been morally correct to proceed with FPO” after s
2 February 2023

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.
1 February 2023

India hikes defence budget by 13pc

With an eye on security challenges from China and Pakistan, India today announced a nearly 13 percent increase in its defence budget for the financial year 2023-24 to help the military to develop or buy advanced weapons systems, including new fighter jets, submarines and tanks..According t
1 February 2023

Petition moved against Adani plant’s installation of power lines in Farakka

An Indian civil rights group yesterday petitioned the Calcutta High Court to stop installation of power transmission lines at Farakka in West Bengal’s Murshidabad by an Adani Group-owned power plant, from where electricity is to be supplied to Bangladesh..The transmission lines were being
1 February 2023

Adani vs Hindenburg: What you need to know

US-based short-seller Hindenburg Research severely criticised Indian conglomerate Adani in a Jan. 24 report ahead of its flagship company's $2.5 billion share sale, triggering a $70 billion rout in the group's domestically listed stocks and a sell-off in its bonds listed overseas.
31 January 2023

Abu Dhabi’s Int’l Holding Co to invest $400m in Adani Enterprises’ follow-on share sale

Abu Dhabi's International Holding Co (IHC) has announced it will invest about $400 million in the Gautam Adani-led Adani Enterprises’ follow-on share sale. .This development comes after the steep fall in share value of the conglomerate following the report of American short seller Hindenb
31 January 2023