Adani Green Energy, at the centre of the SEC indictment, suffers a fall of 18.95 percent, while Adani Enterprises, the group's flagship firm, sees its market cap fall by 73,502 crore.
US court indictment names several current, former executives of Adani Group and Azure Power. On being probed by US authorities, Azure Power allegedly took steps to deflect blame from itself.
Statement comes after US court & Securities & Exchange Commission indicted Adani Group chairman Gautam Adani & several others for allegedly planning to bribe Indian state govt officials.
Bangladesh is already reeling from low coal-fired power production & inability to import enough coal, gas. Now, Adani has cut supplies over unpaid dues. However, this could hurt Adani too.
International media also continues to spotlight India-US-Canada tensions, now covering Australia’s stance & looks at how Adani’s actions in Bangladesh expose its economic vulnerabilities.
Omar Abdullah being a key rival to the Indian PM in Kashmir also makes international news, as do the demonstrations taking place in Kenya against Adani Group.
The govt has amended rules to allow power exporters to sell within India, under certain conditions. Currently, Adani Power has the only plant with 100% capacity contracted for exports.
Adani Group companies experienced a decline of up to 4 percent Monday, with Adani Wilmar being the biggest loser, dropping by 4.1 percent to close at Rs 369.35.
Hindenburg's allegations 'baseless' & 'devoid of any truth', say SEBI chairperson Madhabi Puri Buch and her husband. Congress calls for joint parliamentary committee to investigate issue.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
COMMENTS