The Supreme Court on Wednesday tagged Congress leader Jaya Thakur's plea seeking an investigation against Adani Group and its associates in the light of disclosure made by Hindenburg Research report with two other petitions related to it and listed it for hearing on February 17.
Ahmedabad (Gujarat) [India], February 14 (ANI/PRNewswire): Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the nine months & quarter ended December 31, 2022.
Key indices BSE Sensex went up 600 points and settled at 61,032.26 while NSE Nifty surged 157 points to 17,928.10. According to NSE data, The Nifty IT index rose 0.99 per cent to 30,588.75. The index had fallen 2.26 per cent in the past two sessions.
The company said its total income rose 42 per cent year-on-year to Rs 26,951 crore in the reviewed quarter. Its arnings before interest, taxes, depreciation, and amortisation (Ebitda) jumped 101 per cent y-o-y to Rs 1,968 crore, according to a statement from the company.
Aam Admi Party (AAP) MP Sanjay Singh on Monday moved a suspension of business notice in the Rajya Sabha demanding a discussion on the Hindenburg report against the Adani Group under Rule 267.
Aam Admi Party (AAP) MP Sanjay Singh moved a suspension of business notice in Rajya Sabha on Thursday demanding a discussion on the Hindenburg report against Adani Enterprises under Rule 267.
The concerned report is from US-based Hindenburg Research that surfaced on January 24 and claimed that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
SEBI said that the Indian financial market as represented by Sensex and Nifty has demonstrated ongoing stability and is continuing to function in a transparent, fair and efficient manner.
S&P Dow Jones Indices has said Adani Enterprises will be removed from the Dow Jones Sustainability Indices due to recent allegations of stock manipulation and accounting fraud that were levelled against the conglomerate.
The group entities made scheduled coupon payments on outstanding US dollar-denominated bonds on Thursday, according to Reuters' source with direct knowledge of the conglomerate's strategy.