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.
Gautam Adani-led Adani Group has hired US-based law firm Wachtell to fight against allegations recently leveled against the conglomerate by short-seller Hindenburg Research.
The outburst came during a heated exchange of words between Union Minister Piyush Goyal and the leader of the opposition Mallikarjun Kharge who have been locking horns after Congress alleged Prime Minister Modi has "links" with industrialist Gautam Adani, showed images accessed by ANI.
The Supreme Court will hear on Friday a plea seeking a direction to the Centre to constitute a committee under the monitoring of the retired apex court judge to inquire and investigate the Hindenburg Research report which has made a slew of allegations against the business conglomerate le
Congress MP Rahul Gandhi on Wednesday claimed that Prime Minister Narendra Modi was protecting industrialist Gautam Adani, adding that he wasn't satisfied with the former's reply to the Motion of Thanks to the President's address in Parliament.
Bharatiya Janata Party (BJP) leader Ravi Shankar Prasad on Wednesday hit back at Congress party and Leader Rahul Gandhi for his speech in Lok Sabha where he made certain allegations about Prime Minister Narendra Modi and his association with industrialist Gautam Adani.
Nishikant Dubey on Wednesday wrote to Lok Sabha Speaker to move a breach of privilege motion notice against Congress leader Rahul Gandhi a day after his speech in Lok Sabha where he made certain allegations about Prime Minister Narendra Modi and his association with industrialist Gautam Adan
Congress leader Rahul Gandhi on Tuesday launched a strong attack on the government in the wake of the Hiendenberg-Adani row linking the rise of Adani group to that of Prime Minister Narendra Modi and alleged that "rules were changed" in some sectors to favour the businessman.
"From Tamil Nadu, Kerala to Himachal Pradesh we have been listening to one name everywhere 'Adani'. All across the country, it is just 'Adani, Adani, Adani'...people used to ask me that if Adani enters any business, it never fails," he said adding that the youth have asked him how has Adani'
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.