
SC Will Hear Pleas In Adani-Hindenburg Case Today
The Supreme Court will hear the pleas seeking a probe into the Adani-Hindenburg case. As per rumours, the three-judge bench led by the Chief Justice Of India (CJI) will hear the different pleas. On Monday, the Supreme Court of India adjourned SEBI’s petition in which the capital market regulator sought a 6-month extension to conclude…

Inside the Hedge Fund’s Dark Scheme Against Adani
In light of recent events, SEBI (Security Exchange Board of India) released a shocking revelation regarding the Hindenburg report on Adani Entreprises. In its report, the regulator mentioned that the US-based research firm Hindenburg made a profit-sharing deal with Kingdon Capital Management LLC to share research reports before making them public. Ultimately, this resulted in…

Adani’s Mundra Port Ships 16.1 MNT Cargo, Sets Record
India’s biggest port, Adani’s Mundra Port, has created history by shipping more than 16 MNT cargo in the month of October. Mundra Port is India’s biggest port and it’s a flagship port of Adani Ports and Special Economic Zone Ltd.(APSEZ). In a statement, APSEZ said that the Mundra port has shipped more than 100 MNT…

Adani Group Stocks Rise By 19% After SC Panel’s Clean Chit
On Monday, Adani Group Share price surged after getting a clean chit from the SC panel in the stock manipulation alleged by the Hindenburg. It was the best session for the Adani Group when all its listed firms added around $10 billion to their market valuation. Four months after the Hindenburg report, it is the…

Union Cabinet Approves PLI Scheme For IT Hardware
The Union Cabinet approves a new Production Linked Incentive (PIL) Scheme with a budget Rs 17,000 crore for IT Hardware. The overall tenure of this PLI 2.0 scheme will be six years, with an expected incremental production value of Rs 3.35 Lakh crore. It is a PLI 2.0 in which the cabinet increases the budget…

Adani Ports And SEZ To Pay $ 130 Million Of Debts
Adani Ports and Special Economic Zone combined to pay $ 130 million of its debt. The APSEZ company offered nearly $413 million worth had been tendered for early payment. The company, APSEZ, announced a tender of up to $ 130 million of 3.375 per cent dollar-denominated bonds, set to mature in 2024. It also stated…

Adani Group’s Total Debt Surpasses 1% of Indian Economy
Gautam Adani’s troubles continue as the total debt of his companies surpasses 1% of the Indian Economy. After Hindenburg Research issued a staggering report that alleged Adani group in accounting fraud and stock manipulation, the stock price of Adani’s various companies kept stumbling. In between this, various economic forums find out the amount of debt…

Adani Group Plans To Trim Its Capital Spending Plan
The Adani Group is planning to trim its capital spending plans after pulling a Rs 20,000 crore equity fundraising plan last week, a news channel reported on Monday, citing people close to the development. While providing more collateral in the form of stock pledges to lenders, the group may alter its capex (capital expenditure) plans…