adani group
Adani Group Market Value Surges By $15 Billion on SC Order
Adani Group Market Value Surges By $15 Billion on SC Order Shares of Adani Group companies surged up to 20% on Tuesday, November 28, after the Supreme Court of India (SC) reserved its order on a petition seeking a court-monitored probe into allegations of accounting fraud and stock manipulation against the conglomerate. The rally added […]
Adani Group Shares Plunge After OCCRP Report Alleges Offshore Funding
Adani Group Shares Plunge After OCCRP Report Alleges Offshore Funding The shares of the Adani Group plunged on Thursday after a report by the Organized Crime and Corruption Reporting Project (OCCRP) alleged that the conglomerate had received billions of dollars in offshore funding from unknown sources. The report, which was published on Wednesday, said that […]
Adani-Hindenburg Row: SEBI’s Inability to Reach Conclusion on Adani Group Money Laundering Allegations ‘Deeply Worrying’, Says Congress
Adani-Hindenburg Row: SEBI’s Inability to Reach Conclusion on Adani Group Money Laundering Allegations ‘Deeply Worrying’, Says Congress The Congress party on Saturday expressed concern over the Securities and Exchange Board of India’s (SEBI) inability to reach a conclusive finding on the allegations of round-tripping and money laundering by the Adani Group. Ramesh Says Inability to […]
Adani Power shares snap two-day losing streak after 8.1% stake sale
Adani Power shares snap two-day losing streak after 8.1% stake sale Shares of Adani Power snapped a two-day losing streak on Wednesday, rising 2% to ₹156.75 apiece, after the company announced the sale of an 8.1% stake to the National Investment and Infrastructure Fund (NIIF) for ₹3,500 crore. The deal, which values Adani Power at […]
Deloitte flags red flags in Adani Ports, may resign as auditor
Deloitte flags red flags in Adani Ports, may resign as auditor Deloitte, one of the world’s largest accounting firms, has raised concerns about certain transactions at Adani Ports and Special Economic Zone (APSEZ). The concerns relate to related party transactions, which are transactions between a company and its subsidiaries, affiliates, or other entities that are […]