
Adani: The 'Resilient' Fighter
Gautam Adani's comeback strategy has led to an 85% rise in group revenues in FY23, post the Hindenburg rout.
Gautam Adani's comeback strategy has led to an 85% rise in group revenues in FY23, post the Hindenburg rout.
This is the second major allegation against billionaire Gautam Adani-led Adani Group after an adverse report by Hindenburg released in January this year.
Adani Power gained up to 3.9%, followed by Adani Enterprises and Adani Ports & SEZ, which climbed 2.5% each during the trade so far.
SEBI submitted its 15-page “status report” before the Supreme Court on August 25, while the apex court is scheduled to hear the matter on August 29.
Hindenburg Research published its report ahead of Adani Group's plan to launch the largest follow-on public offering (FPO) in India's history.
Of this, the insurance giant's exposure is highest at ₹5,389 crore to Adani Ports & Special Economic Zone, says Sitharaman
MoS finance Pankaj Chaudhary says listed companies of the Adani group saw a 60% decline in m-cap after the Hindenburg report
Global evidence shows short-selling is an efficient tool to discipline financial markets and promote good corporate governance practices
The NSE has placed Adani Enterprises, Adani Power, and Adani Wilmar under the short-term ASM framework from March 9.
The rally in PSU Bank index was led by index heavyweights such as Union Bank of India, State Bank of India, Bank of Baroda, Punjab National Bank, which rose up to 7%.