Reuters India Business

(Reuters) -Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks to restore confidence in the financial health of his conglomerate, Bloomberg News reported on Thursday. The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, Bloomberg …

Gautam Adani in talks to prepay share pledges to boost confidence – Bloomberg News Read More »

By Seher Dareen (Reuters) – Gold prices slipped nearly 2% on Thursday as the dollar rebounded and some investors locked in profits after bullion scaled a nine-month peak on dovish remarks from Federal Reserve Chair Jerome Powell. Spot gold dipped 1.8% to $1,915.79 per ounce by 1:52 p.m. ET (1852 GMT), having hit its highest …

Gold slips from nine-month peak as dollar regains lost ground Read More »

BENGALURU (Reuters) – India’s National Stock Exchange on Thursday said it has placed on additional surveillance shares of Adani Enterprises, Adani Ports and Ambuja Cements. Investors will have to pay 50% or existing margin, whichever is higher, subject to cap of 100%, the exchange said, following a rout in the shares of companies of Adani …

India’s NSE puts trades in some Adani firms under additional watch Read More »

By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners bet against companies there. Hindenburg’s bet has been lucrative so far. …

Hindenburg bet against India’s Adani puzzles rival U.S. short sellers Read More »

By Alison Frankel (Reuters) – In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it was contemplating “remedial and punitive action” against Hindenburg Research, the short seller whose scathing Jan. 24 report sparked the sell-off. If Adani is talking about …

COLUMN-Adani Group threatens, but Hindenburg Research rarely sued in U.S Read More »

By Aditya Kalra and Davide Barbuscia NEW DELHI/NEW YORK (Reuters) – Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, a bondholder and a source with direct knowledge of the Indian conglomerate’s strategy told Reuters. The payments were made as Adani Group, led by Indian billionaire Gautam Adani, battles with …

Exclusive-Adani made scheduled U.S. bond payments, to release credit report Friday -sources Read More »

(Corrects day to Thursday in the lede) NEW DELHI (Reuters) – Indian opposition lawmakers shouted slogans against the Adani Group in parliament on Thursday in the wake of a U.S. short seller report that has accused it of using tax havens and flagged concerns on high debt levels. The lower house of the parliament was …

Indian opposition lawmakers shout anti-Adani slogans in parliament Read More »