adani controversy

Still reeling from the effects of Hinderburg's report and allegations of corporate fraud, Adani Group is reportedly stepping away from petrochemicals and is unlikely to proceed with the $4 billion greenfield project in Mundra, as per a…

Representational image of the logo of the Adani Group | Photo Credit: Reuters Most of the Adani group companies rose on Tuesday, with flagship Adani Enterprises gaining 14% in late morning trade.Amid volatile trading in the market, eight…

Adani Group is in talks to prepay all loans backed by pledged shares, a spokesperson told Reuters on Monday while denying media reports that said the conglomerate was planning to cut back its capital spending.Adani Group plans to trim its…

Adani Enterprises, Gautam Adani's flagship company, called off a record Rs 200 billion ($2.4 billion) share sale late Wednesday.Meanwhile, American billionaire Bill Ackman has said he won't be surprised if the company's $2.25bn follow-on…

MUMBAI: India's centibillionaire Gautam Adani is considering legal action against US-based Hindenburg Researchover its report, accusing his group of "brazen stock manipulation and accounting fraud" that wiped nearly Rs 97,000 crore off the…