Adani Power violated Companies Act in two cases, rules Registrar of Companies

In one case, the firm has been found guilty of not disclosing related-party transactions. In the other, it was fined for delay in filing annual returns.

Scroll Staff

· May 22, 2023 · 01:34 pm

ED searches premises linked to Byju’s over alleged foreign exchange rule violations

Incriminating documents and digital data related to the online learning platform were seized during the searches, the Enforcement Directorate said.

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· Apr 30, 2023 · 08:20 am

Gautam Adani’s brother, not the Adani Group, owns Ambuja Cements: Report

The group in 2022 announced acquisition of Ambuja Cements and its subsidiary. But ‘Morning Context’ reported that Vinod Adani was an ultimate beneficial owner.

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· Mar 14, 2023 · 01:04 pm

Adani Group ‘almost certainly’ manipulated its entries on Wikipedia, alleges site’s newspaper

The online encyclopedia’s independent newspaper claimed that fake accounts and undeclared paid editors created or revised nine articles about the conglomerate.

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· Feb 23, 2023 · 12:32 pm

Probe allegations against ‘PM-blessed’ Adani Group, Congress MP Jairam Ramesh urges RBI, SEBI

He remarked that the Life Insurance Corporation of India and the State Bank of India have been ‘unusually generous’ towards the group in recent years.

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· Feb 15, 2023 · 12:42 pm

Hindenburg report: France’s TotalEnergies puts on hold hydrogen deal with Adani Group

The partnership was announced in June and TotalEnergies was slated to take a 25% stake in the project.

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· Feb 09, 2023 · 08:36 am

Exposure of banks to Adani Group not large enough to damage credit quality, say rating agencies

‘Risks for banks can increase if Adani becomes more reliant on bank loans,’ according to Moody’s.

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· Feb 07, 2023 · 08:58 pm

Adani Group’s decision to withdraw FPO has not impacted India’s image, says Nirmala Sitharaman

The Union finance minister said there has been an accretion of $8 billion to the forex reserves in the last two days alone.

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· Feb 04, 2023 · 08:51 am

After Adani calls Hindenburg report an attack on India, firm says nationalism can’t obfuscate fraud

The US-based short seller, Hindenburg Research, had last week accused the conglomerate of engaging in stock manipulation.

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· Jan 30, 2023 · 08:59 am

Rout in Adani Group shares continues for second day after Hindenburg allegations

The conglomerate has slipped more than Rs 4.20 lakh crore in market capitalisation, and equity investors have lost over Rs 12 lakh crore in two days.

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· Jan 27, 2023 · 01:01 pm

Adani Group mulling legal action against Hindenburg Research over stock manipulation allegations

Hindenburg Research said that it fully stands by its report and added that any legal action against it would by meritless.

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· Jan 26, 2023 · 01:25 pm

Adani shares plunge on manipulation allegations; group says claims are malicious

Adani Group said the report is ‘malicious’ and ‘baseless’.

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· Jan 25, 2023 · 03:25 pm