ADANI GROUP

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...

Adani Group May Sell 5% Stake In Adani Power, Ambuja Cements To Reduce Debt

22 Aug 2024

The Adani Group is reportedly planning to sell a 5% stake in two of its major companies, Adani Power and Ambuja Cements, in an effort to reduce its overall debt. According to a report by CNBC Awaaz, sources close to the matter have indicated that this move is part of...

Adani Group Rejects Hindenburg’s New Allegations, Calls Manipulative

11 Aug 2024

The Adani Group has firmly rejected the latest allegations made by Hindenburg Research, labeling them as "malicious, mischievous, and manipulative." The conglomerate stated that these accusations are a selective use of publicly available information, aimed at reaching pre-determined conclusions for "personal profiteering with disregard for facts and the law." An...

Adani Group Responds To Latest Hindenburg Allegations: ‘Malicious, Mischievous Attack’

11 Aug 2024

The Adani Group has fiercely rebuked recent claims made by American short-seller Hindenburg Research, dismissing them as "malicious, mischievous, and manipulative." The conglomerate, which has been under intense scrutiny since Hindenburg's earlier reports, responded on Sunday to allegations that it had financial links with SEBI Chairperson Madhabi Buch and her...

Congress And TMC Question SEBI’s Integrity Over Adani Probe By Hindenburg

11 Aug 2024

Drawing on the Latin phrase "Quis Custodiet Ipsos Custodes" from the Roman poet Juvenal's 'Satires,' Congress party questioned SEBI's unusual hesitation to probe the Adani MegaScam. This criticism came on Saturday after a new report from US short-seller Hindenburg Research made allegations against SEBI chairperson Madhabi Puri Buch and her...

Jairam Takes Swipe at BJP Over Gujarat Government Decision ‘Return of Land to Farmers’

06 Jul 2024

Senior Congress leader Jairam Ramesh on Saturday took a swipe at the BJP-led central government, stating that more than 250 acres of land taken from villagers and given to the Adani Group in Gujarat are now being returned to the villagers by the state government. He questioned if the "climate...

Gautam Adani Lauds Company’s ‘Resilience’ in Face of Hindenburg Report

24 Jun 2024

At the Annual General Meeting (AGM) of Adani Enterprises on Monday Chairman Gautam Adani addressed the company's resilience in the face of adversity over the past year. Adani emphasized how the company defended its integrity and reputation against an aggressive attack by foreign short-seller Hindenburg. Despite the challenge, the Adani...

Gautam Adani Charts Path To Trillion Economy By 2050

Gautam Adani Charts Path To $30 Trillion Economy By 2050

19 Jun 2024

Gautam Adani, the Chairman of the Adani Group today listed three key areas which will further help the national infrastructure grow in years to come, driving the country to realise its goal of becoming a $30 trillion economy by 2050. According to Gautam Adani, touted as 'The Infra Man of...

Adani Group Plans To Expand Port In Philippines

04 May 2024

The Adani Group is exploring investment opportunities in various sectors such as ports, airports, power, and defense in the Philippines. Adani Ports, a subsidiary of the group, has expressed interest in developing a deep port capable of accommodating Panamax vessels in Bataan. During a meeting with Philippine President Ferdinand R...

Adani Group plans to expand 7 airports, spend Rs 60,000 crore

11 Mar 2024

The Adani Group intends to invest ₹ 60,000 crore to expand seven airports across the nation in the next five to 10 years. According to Adani Ports' Managing Director Karan Adani, the airports under its management will have increase their current capacity to three times by 2040. According to Arun...

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