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The Latest Breaking News from the Adani Group

“Why PM is not forcing investigation, why is he quiet,”: Rahul Gandhi seeks JPC probe into allegations against Adani group

Targeting the BJP-led government over allegations concerning the Adani group, Congress leader Rahul Gandhi on Thursday accused the Prime Minister of “being quiet” and said the least that should be done is a Joint Parliamentary Committee probe. Read further on Dynamite News:

Dynamite News

PM should come clean on fresh Adani allegations as India’s reputation is on the line: Rahul Gandhi

K.C. Venugopal alleges that “PM Modi’s best friend is running an international money laundering racket”.

The Hindu

Report says close associates of India's Adani Group secretly purchased large numbers of shares

Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased of millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report by a network of investigative journalists

The Independent UK

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What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

Adani Group rejects OCCRP claims, says report aimed at short selling stocks

The Adani Group has categorically rejected the allegations levelled by the Organised Crime and Corruption Reporting Project (OCCRP) terming the allegations as 'recyled'. Read further on Dynamite News:

Dynamite News

Modi-linked Adani family secretly invested in own shares, documents suggest

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

The Guardian - UK

Adani stock manipulation exposed: Offshore trail points to two investors with links to Adani family

After the Hindenburg report accused the Adani Group of stock manipulation earlier this year, the conglomerate’s stocks had seen a sharp dip, and the Supreme Court had ordered a probe amid protests by opposition parties.

Newslaundry

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New tender process for Dharavi slum redevelopment transparent; no undue favour to Adani Group: Maharashtra government to Bombay High Court

The new tender issued in 2022 for the Dharavi slum redevelopment project in Mumbai was transparent and no undue favour was shown to the highest bidder Adani Group, the Maharashtra government has submitted to the Bombay High Court.

The Hindu

Congress slams SEBI investigations into the Adani group

Congress questions SEBI's alleged plan to let off Adani with token fines. Jairam Ramesh alleges India's institutions are being rendered toothless to protect PM Modi's "close friends". He calls for a joint parliamentary committee probe to investigate Adani Mega Scam.

The Hindu

Gujarat power utility made ‘excess payment’ of ₹3,900 crore to Adani: Congress

Gohil accuses Gujarat govt of favouring Adani Group by making excess payment of ₹3,900 crore. Govt denies scam, says payments ongoing & will be adjusted.

The Hindu

"BJP wants to take away your Land" says Rahul Gandhi in Kargil

Congress MP Rahul Gandhi addressing a rally in Kargil during his last leg of the Ladakh visit mounted an attack on the BJP alleging that it wants to take away the land of Ladakhi people and give it to the Adani Group. Read further on Dynamite News.

Dynamite News

Adani-Hindenburg case: SEBI tells SC it has completed probe in 24 ‘matters’, wants 15-day extension to submit status report

The Securities and Exchange Board of India on Monday asked the Supreme Court for 15 days’ more to complete its enquiry into a report by U.S.-based Hindenburg Research accusing the Adani Group of “brazen stock manipulation and accounting fraud schemes over the course of decades”

The Hindu

Andhra Pradesh CITU leader Narasinga Rao refutes statement issued by Gangavaram Port management

CITU Andhra Pradesh president Narasinga Rao has refuted the statement issued by the Gangavaram Port management that though there were delays in payments by Visakhapatnam Steel Plant, there were no delays in provision of cargo handling services by the port.

The Hindu

Urgent measures required at Muthalapozhi, says V.D. Satheesan

Mr. Satheesan was addressing the protest led by Adoor Prakash, MP, at Muthalapozhi where 69 fishers have so far lost their lives. He said that the Congress-led United Democratic Front (UDF) would continue to take up the issue inside and outside the State Assembly.

The Hindu

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The Hindu

Companies that compete with Adani group for ‘prized’ assets face raids from CBI, ED and Income Tax, alleges Congress

“Agencies like the ED and CBI are not only being used to break apart opposition parties,” Mr. Ramesh said.

The Hindu

Sand, rocks to be removed from Muthalapozhi harbour mouth from August 1

Work on removing accumulated sand and scattered rocks from the Muthalapozhi harbour mouth will begin on Tuesday, the State government said on Monday.

The Hindu

Muthalappozhi: talks with Adani Group on Monday

Under an agreement signed in 2018, the Adani Group has to keep the basin, channel and harbour mouth free of sand and rocks and maintain adequate depth.

The Hindu

Muthalapozhi accidents: Kerala government to hold talks with Adani Group on Tuesday

With recurring fishing boat accidents and deaths at Muthalapozhi in the capital district sparking uproar, the Kerala government has decided to hold urgent talks with the Adani Group on Tuesday and, as a measure to keep the harbour mouth free from the accumulation of sand, implement a sand-bypassing system.

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The Hindu

Supreme Court asks SEBI why law was tweaked to remove provisions prohibiting opacity in FPI ownership

The Supreme Court asked SEBI to explain why the law was tweaked in 2018 to junk crucial provisions prohibiting opacity in the ownership structure of FPIs, leading to investigation into the Adani Group hitting a wall

The Hindu

Explained | Decoding the expert committee report on Adani

Explaining the expert committee report on Adani which has shown regulatory fault with SEBI

The Hindu

Maha Vikas Aghadi will win Mumbai civic polls, says Mumbai Congress chief Varsha Gaikwad

Interview with Varsha Gaikwad, prominent Dalit face of the Congress and four-time MLA from the country‘s biggest slum cluster, Dharavi, who became the first woman president of the Mumbai Congress unit and says Maha Vikas Aghadi will secure victory in the Mumbai civic polls because people prioritise basic civic amenities…

The Hindu

Congress reiterates demand for JPC probe into Hindenburg-Adani issue

The Securities and Exchange Board of India (SEBI) should ensure complete disclosure of ownership of Foreign Portfolio Investors (FPIs) from retrospective effect, the Congress said

StockNews.com

How Main Street Investors Can Detect Short Seller Misinformation Campaigns

How to avoid the pitfalls and find a better way to short stocks.

The Hindu

Rule prohibiting investment by opaque funds done away by SEBI on 'weak grounds', claims Cong

The Congress on Tuesday alleged that a rule prohibiting investment by opaque funds was done away with by SEBI on “weak grounds” and said the market regulator cannot run with the hares by diluting reporting requirements and hunt with the hounds pretending to identify beneficial ownership in opaque tax havens.

The Hindu

An unclean chit: On the SEBI investigation and Hindenburg Research’s allegations

The Court extension to the Securities and Exchange Board of India is a strong case for a closer look at SEBI’s approach to its key mandate of protecting investors

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