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The Latest Breaking News from Adani Ports

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 ports auditor Deloitte to quit after flagging concerns

MUMBAI: The auditor of billionaire Gautam Adani’s ports business is planning to resign, people familiar with the matter said, a move that may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

The Times of India

Adani proposed coal ventures to sanctioned Myanmar military despite public vow to cut ties, leaked documents show

International pressure led to Adani vowing to cut ties with Myanmar's military junta in 2021. Now, leaked documents reveal how the resources giant had been privately negotiating coal ventures with the sanctioned regime leaders.

ABC News

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Adani Ports starts $130 million buyback of debt securities

Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on April 24 that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024. Read the full story on The Hindu.

The Hindu

Star investor Rajiv Jain bets $1.9 billion on embattled Gautam Adani empire

MUMBAI: Adani Group’s stocks surged on Friday after winning a vote of confidence from one of the biggest names in emerging-market investing, helping cap the Indian conglomerate’s best week since late January when a US short-seller’s explosive report triggered an unprecedented rout.

The Times of India

Adani group firm repays Rs 1,500 crore in comeback strategy

NEW DELHI: Adani group firm Adani Ports SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.

The Times of India

The Adani cloud over India

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.

Al Jazeera

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Adani ports mulls repaying $605 million debt to calm investors

NEW DELHI: Gautam Adani’s ports unit is considering to repay about 50 billion rupees ($604.6 million) of loans, as the beleaguered Indian tycoon seeks to trim debt after a short seller attack put his empire’s financial health and corporate governance under scrutiny.

The Times of India

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

Sensex plunges over 750 points as financial, IT shares drag; Adani group stocks sink

NEW DELHI: Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 750 points amid heavy selloff in financial and IT stocks.

The Times of India

Indian coal magnate Gautam Adani goes green

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

The Independent UK

Adani arm seeks licence to expand power distribution in Mumbai including JNPT

The group, whose assets include the Adani Ports business, is also vying to distribute power to the country's largest container port JNPT located near Navi Mumbai. The parallel distribution licence application is the first such move by any player under the Electricity Act 2003. The application has been admitted by…

The Economic Times

Israel to Sell Haifa Port to India’s Adani Ports, Gadot Group for $1.2 Billion

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Gadot and Adani made it to the end of a two-year tender process…

Asharq Al-Awsat

Bombay HC dismisses Adani Ports plea challenging disqualification by JNPA

Adani Ports have been directed to pay ₹5 lakh to Jawaharlal Nehru Port Authority, Navi Mumbai

The Hindu

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The Times of India

Adani highest bidder for West Bengal's Tajpur deep-sea port

KOLKATA: India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday.

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