The Adani Group has vehemently denied allegations that Swiss authorities have frozen over $310 million in funds throughout a number of Swiss financial institution accounts as a part of a cash laundering investigation. In a media assertion launched on September 12, 2024, an Adani Group spokesperson categorically rejected claims of any involvement in Swiss courtroom … Read more
The Adani group is more and more turning in the direction of home borrowing, particularly from the Indian banks, because it appears to cut back high-cost abroad borrowings whereas a excessive credit standing makes it an appropriate threat to home lending establishments. Home long-term debt (primarily from banks) as a proportion of the entire rose … Read more
In a brand new twist to the continuing Adani case, US-based short-seller Hindenburg Analysis has made critical allegations in opposition to SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch. Hindenburg’s newest report alleges that the Buchs had stakes in obscure offshore funds linked to the Adani Group’s alleged cash siphoning actions. The report … Read more
The pinnacle of India’s markets regulator, Madhabi Puri Buch, continued to earn income from a consultancy agency throughout her seven-year tenure, probably breaching guidelines for regulatory officers, based on public paperwork reviewed by Reuters. Hindenburg Analysis has alleged a battle of curiosity in Buch’s investigations surrounding the Adani Group because of her earlier investments. The … Read more
Adani Group has submitted a proposal to develop Nairobi airport on a public-private partnership foundation, Kenya Airports Authority (KAA) mentioned in an announcement. Nairobi airport, which is a hub for Kenya Airways, was the seventh busiest airport within the continent by way of passenger visitors in 2022. The airport is a crucial gateway in East Africa … Read more
Adani Group Share Costs/ Shares In the present day Dwell Updates 2 July 2024: Adani Group shares have been buying and selling flat in early commerce on Tuesday. US short-seller Hindenburg Analysis, which had rocked the Adani Group with allegations of inventory market manipulation and accounting fraud, on Tuesday stated it has obtained a present … Read more
Adani Group will make investments greater than $100 billion (round ₹83,500 crore) in power transition tasks and manufacturing functionality to provide each main element required for inexperienced power era, Chairman Gautam Adani stated on Wednesday. Talking at ‘Infrastructure – the Catalyst for India’s Future’ occasion of Crisil, Adani Group Chairman Gautam Adani stated power transition … Read more
Dharavi Redevelopment Challenge Pvt Ltd (DRPPL), the three way partnership between the federal government of Maharashtra and the Adani group, is pulling out all stops to incentivise residents and industrial institutions within the slum cluster to ease the resettlement and rehabilitation course of and make it extra palatable to them. The $3 billion challenge is … Read more
Dharavi Redevelopment Undertaking Pvt Ltd, the three way partnership between the federal government of Maharashtra and the Adani Group, will start the survey to gather knowledge from lakhs of casual tenement residents of Dharavi on March 18. The information can be utilized by the State authorities to find out their rehabilitation eligibility standards below the … Read more
Adani Enterprises’ shares have reclaimed the degrees seen in January final yr, previous to the damaging allegations levelled by short-seller hedge fund Hindenburg Analysis in opposition to the group triggering a sell-off in group shares that wiped off billions of {dollars} of investor wealth. Additionally learn: Adani Ports & SEZ to interchange Wipro in Sensex … Read more