August 12, 2024 New Delhi, India Adani Shares Crash Shares of Adani Group companies faced significant declines on Monday after Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch had a stake in offshore entities involved in a money siphoning scandal linked to the Adani Group. The fresh allegations have led to a sharp sell-off,…
August 11, 2024 New Delhi, India BREAKING NEWS HINDENBURG-SEBI In a dramatic new development, Hindenburg Research has accused SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, of holding undisclosed stakes in offshore entities connected to the Adani Group’s alleged financial misconduct. This revelation comes nearly a year and a half after Hindenburg’s initial…
August 1, 2024 New Delhi, India Q1 Results Adani Power, a major player in India’s energy sector, announced its financial results for the first quarter of fiscal 2024-25 (Q1FY25) on Wednesday, July 31. The company reported a significant decline of 55.3% in net profit, which fell to ₹3,913 crore compared to ₹8,759 crore in the…
May 30, 2024 New Delhi, India The Adani Group, led by billionaire Gautam Adani, is set to diversify into the digital payments and e-commerce sectors, aiming to compete with industry giants like Google and Reliance Industries. This move marks a significant step in the conglomerate’s expansion into fast-growing consumer markets. New Ventures in Digital Payments…
May 2, 2023 New Delhi, India Adani Power Q4 Results: A Closer Look Adani Power, a prominent player in the power sector, recently announced its fourth-quarter results for the fiscal year 2023-24, showcasing a mixed performance amidst changing market dynamics. Net Profit and Total Income: The company witnessed a significant decline in its consolidated net…
Febuary 2, 2023 New Delhi, India In a notable financial turnaround, Adani Green Energy, part of Gautam Adani’s conglomerate, reported a substantial increase in profits for the third quarter ended December 31, 2023. The company’s consolidated profit surged from 1.03 billion rupees in the corresponding period the previous year to an impressive 2.56 billion rupees…
January 29, 2023 New Delhi, India Energy players, Bharat Petroleum Corporation Ltd (BPCL) and Adani Green Energy have recently unveiled robust Q3 FY24 financial results, signaling positive trends in their respective sectors. BPCL’s Q3 Surge: BPCL reported an 82.11% YoY surge in consolidated net profit, reaching Rs 3,181.42 crore. The stock soared 5.89% to a…
January 10, 2023 New Delhi, India Vibrant Gujarat Summit LIVE updates In a significant economic boost, the 10th edition of the Vibrant Gujarat Global Summit 2024 kicked off today in Gandhinagar, inaugurated by Prime Minister Narendra Modi. The event, which was canceled in 2021 due to the pandemic, saw the participation of several global leaders…
December 5, 2024 New Delhi, India Adani Clinches Top Spot, Surpassing Ambani in Wealth Rankings Gautam Adani, the founder and chairman of the Adani Group, has emerged as India’s wealthiest individual, surpassing Mukesh Ambani in the Bloomberg Billionaires Index. This shift marks a significant turnaround for Adani, who had lost the top spot almost a…
January 3, 2024 New Delhi, India Supreme Court to Decide on Adani Group Fraud Allegations In a significant development, the Supreme Court is poised to announce its judgment on January 3 in a series of petitions seeking an inquiry into allegations of fraud levelled against the Adani Group. The accusations stem from a Hindenburg Research…
