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The Latest Breaking News from the Adani Group

Adani-Hindenburg case verdict: Key takeaways

The Hindu decodes the key takeaways from the Supreme Court’s verdict in the Adani-Hindenburg case

The Hindu

Supreme Court verdict on Adani probe ‘extraordinarily generous’ to SEBI: Congress

The Supreme Court’s decision not to transfer the probe into allegations of stock price manipulation by the Adani group to the CBI or to a special investigation team, instead giving an additional three months to SEBI, is “extraordinarily generous”, the Congress said

The Hindu

Supreme Court declines to order SIT or CBI probe in Adani-Hindenburg row

In a relief to the Adani group of companies, the Supreme Court on Wednesday declined to transfer the probe from Securities and Exchange Board of India (SEBI) to a Special Investigation Team (SIT) or CBI into the Adani-Hindenburg issue over allegations of stock price manipulation by the Indian corporate giant.…

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Supreme Court upholds SEBI probe, turns focus on ‘conduct’ of Hindenburg

Hindenburg Adani case: Supreme Court directs SEBI to probe if Hindenburg report on short-selling caused harm to investors; dismisses NGO's findings against Adani Group.

The Hindu

‘Investigative reports can’t be taken as credible evidence of SEBI lapse’: SC relief for Adani

The Supreme Court has rejected petitions seeking a court-monitored SIT probe into the allegations part of the Hindenburg Research report about stock price manipulation by the Adani Group.

Newslaundry

Raju Shetti meets Uddhav Thackeray, but talk of political alliance with MVA

Swabhimani Shetkari Sanghatana (SSS) chief and farmer leader Raju Shetti on Tuesday met Shiv Sena (UBT) chief Uddhav Thackeray at the latter’s residence in Mumbai.

The Hindu

2023 could have been the year that wrecked Adani. Did it?

There was one question on everyone’s mind the first month of this year: Will the Adani Group be able to weather the Hindenburg storm?

Newslaundry

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Adani’s Dharavi redevelopment: Massive protests, dismal media coverage?

Over the past two decades, several governments in Maharashtra have spoken of giving a facelift to Mumbai’s infamous slum of Dharavi – ostensibly the most thickly-populated area in India. Months after the BJP-Shiv Sena faction assumed power in June last year, the task was assigned to Gautam Adani’s Adani Group…

Newslaundry

Dharavi revamp in turmoil | Explained

Opposition parties in Maharashtra march to billionaire Gautam Adani's office to protest ₹23,000 crore Dharavi Redevelopment Project, raising suspicion of government favouring Adani.

The Hindu

Congress, Sena (UBT) protest against Dharavi redevelopment project

Oppn. parties in Maharashtra criticise govt. for allegedly favouring Adani Group in Dharavi redevelopment project, neglecting welfare of slum's residents.

The Hindu

Lok Sabha expels Mahua Moitra as opposition calls it ‘fixed match’

Amid tumultuous scenes, the Lok Sabha on Friday expelled Trinamool Congress MP Mahua Moitra over cash-for-query allegations. The decision, facilitated by a voice vote, was taken amid protests and chaos in the House.

Newslaundry

Mahua Moitra expelled from Lok Sabha, Opposition MPs walk out

Mahua Moitra Expulsion from LS: Mahua Moitra was expelled from the Lok Sabha on December 8, 2023 over the “cash-for-query” allegation through a voice vote amid chaos.

The Hindu

In the salt deserts bordering Pakistan, India builds its largest renewable energy project

Shifting to renewable energy is a key issue at the ongoing COP28 climate summit

The Independent UK

Andhra Pradesh| CPI writes to Governor Nazeer seeking intervention on beach sand mining contracts in State

CPI urges Governor to stop beach sand mining in AP, citing threat to national security. Adani Group to get 92% of project contract, violating Union govt. restrictions. Mining of 6 minerals, incl. thorium, could lead to atomic power/bombs. Govts. disregarding laws, risking environment & tourism.

The Hindu

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The Hindu

SEBI can’t be expected to take OCCRP allegations in Adani case as gospel truth: SC

Supreme Court said SEBI cannot accept foreign media reports as "gospel truth" on Adani Group's alleged stock manipulation & accounting fraud. SEBI bound by evidentiary requirements & cannot take reports as evidence. SIT to investigate, but SEBI following Justice Sapre committee's suggestions to protect investors.

Newslaundry

‘Should SEBI now follow journalists?’ SC reserves verdict in Adani-Hindenburg case

The Supreme Court today reserved its verdict in a batch of petitions seeking a court-monitoring inquiry into fraud allegations made by Hindenburg Research against the Adani Group, Bar and Bench reported.

The Hindu

Tajpur deep sea port | West Bengal CM Mamata’s remarks at business summit raise questions on Adani Group’s role in project

Tajpur deep sea port: The absence of the Adani Group from the BGBS has raised further questions about their role in the Tajpur port project.

The Hindu

Adani Group’s Dharavi Redevelopment Project refutes Congress’s allegations of favouritism

DRP refutes Congress' allegations of favouritism in Dharavi Redevelopment Project. DRP says vested interests are attempting to derail/delay project with revenue potential of ₹20,000 crore.

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Newslaundry

‘No jurisdiction’, a dubious complainant: Why FT journalists moved SC against police notices

When the Gujarat police served notices to two Financial Times journalists asking them to appear before it, the police allegedly did not mention under which provisions of law the notices were issued. The police also did not offer details of any FIR filed in the matter, or a copy of…

The Hindu

AAI employees refuse to join Adani Group as joint operation ends in three airports

The three-year joint operation by the employees of the AAI and the Adani Group has been completed in three airports, namely Ahmedabad, Mangaluru, and Lucknow, but not a single AAI employee in these airports was ready to accept the offer letter of the private concessionaire.

The Hindu

Decoding the Lok Sabha Ethics Committee’s probe against Trinamool MP Mahua Moitra

The Hindu explains the allegations against Mahua Moitra, the role of Ethics Committee of Lok Sabha in the probe and what happens in the cash-for-query case.

Al Jazeera

‘State-sponsored’ attacks on phones of India opposition leaders, says Apple

Several parliamentarians and journalists warned their devices were likely compromised by ‘state-sponsored attackers’.

The Hindu

‘A mystery’ how Adani group escapes despite pervading ‘stench of illegality’: Congress

The Congress on Monday claimed that recent media reports have “further illuminated” close links between the Adani group and a “shadowy network” of the group’s confidants who are allegedly involved in round-tripping, money laundering and brazen violations of Securities and Exchange Board of India (SEBI) laws.

The Hindu

Congress cites news on Adani auditor under NFRA lens, says something 'truly rotten' in conglomerate

The Congress cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate.

The Hindu

Sparks fly at Ethics committee meet to hear complaint against Mahua Moitra

Lok Sabha Ethics Committee summons TMC MP Mahua Moitra on October 31 over cash-for-query charges. Opposition MPs initially refused to allow complainant and advocate to depose. Chairman's vote broke deadlock. Committee seeks assistance from MHA, MEITY.

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