Last week, SC had reserved orders on constituting an expert committee to review the regulatory mechanism in India to protect the investors
The stock meltdown offered an entry point into what's historically an expensive market, according to Kelly, who also sits on PineBridge's management committee
On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore
The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month
For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh resorted to protest rallies against Adani's Dec. 15 decision to shut two cement plants over a dispute on freight rates
Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a fourth is from domestic banks
In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles on the Adani family and their businesses
Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates
The total market cap of the group has now been reduced to just Rs 7.6 trillion, down from more than Rs 20 trillion at the start of the year
The target of Hindenburg Research's attack is the Adani Group, which aggressively marshaled capital from around the world into India's unmet aspirations
The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source
Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group's access to financing
A bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala denied the request by the lawyer appearing for one of the petitioners
Adani Total was down by its limit in early trading on Monday. It has done so each day since Jan. 27.
Bank of Baroda will extend loans to the conglomerate if it meets the lender's underwriting standards, said Sanjiv Chadha
Business Standard brings you the top headlines at this hour
The ports-to-power conglomerate helmed by Adani - who used to be Asia's richest person - is hoping to claw back the narrative with this playbook and calm jittery investors and lenders
'Completely nonsense,' he said on the Adani-Hindenburg row impacting India's attractiveness as an investment destination
Fund managers see India's main equity indexes both ending the year higher than current levels, according to a Bloomberg News survey, as strong domestic demand boosts corporate earnings
The experience of South Korea, Japan and Russia has shown that the conglomerate model often comes with political connections, but such comparisons can be overblown, writes T N Ninan