By Aditya Kalra, Jayshree P Upadhyay and Aditi Shah NEW DELHI (Reuters) -Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller’s criticisms wiped billions more off the value of the Indian tycoon’s stocks. The withdrawal of the Adani Enterprises …
Adani abandons $2.5 billion share sale in big setback to Indian tycoon Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday. The Securities and Exchange Board of India’s (SEBI) examination comes …
Exclusive-Indian market regulator examining Adani share rout, source says Read More »
NEW DELHI (Reuters) – The Indian government is in touch with the market regulator SEBI regarding th allegations made by a U.S. short seller last weekthat cast doubts on Adani Group’s business practices, a senior government source told Reuters on Wednesday. The government is awaiting a report from SEBI on the matter, the source said, …
India govt in touch with market regulator on Adani Group – source Read More »
(Reuters) – Dollar bonds issued by entities of India’s Adani Group extended losses on Wednesday after the conglomerate called off its $2.5 billion share sale following a rout sparked by a scathing short-seller report. U.S. dollar-denominated bonds issued by Adani Transmission and Adani Electricity Mumbai, both maturing in 2030, tumbled more than 7 cents in …
Dollar bonds of India’s Adani slide after $2.5 billion share sale scrapped Read More »
By Seher Dareen (Reuters) – Gold prices edged lower on Wednesday, the downside limited by a weaker dollar, while investors looked forward to the U.S. Federal Reserve’s rate-hike decision and its Chair Jerome Powell’s remarks on monetary policy outlook. Spot gold was down 0.1% at $1,926.31 per ounce by 1:14 p.m. ET (1814 GMT), trading …
Gold sees choppy price action in run-up to Fed decision Read More »
NEW DELHI (Reuters) – India’s Adani Enterprises called off its $2.5 billion share sale on Wednesday, citing market conditions, amid an ongoing rout in the wider Adani Group’s stocks sparked by a U.S. short-seller’s critical report. Here is what billionaire chairman Gautam Adani said: “The Board takes this opportunity to thank all the investors for …
Gautam Adani’s statement on withdrawing $2.5 billion share sale Read More »
NEW DELHI (Reuters) – India’s Adani Enterprises on Wednesday called off its $2.5 billion share sale, citing market conditions, a week after a U.S. short-seller’s critical report unleashed a rout in the wider Adani Group’s stocks. COMMENTARY DEVEN CHOKSEY, MANAGING DIRECTOR, KR CHOKSEY SHARES AND SECURITIES “In the given situation, when the entire environment has …
NEW DELHI (Reuters) – India’s Adani Enterprises Ltd on Wednesday withdrew its $2.5 billion secondary share sale after Adani Group shares plummeted on concerns raised by a U.S. short-seller. Here is a timeline of recent events that have wiped $86 billion off the market value of Adani Group companies. JAN. 25 * Hindenburg says it …
India’s Adani ditches $2.5 billion share sale after $86 billion rout Read More »
BENGALURU (Reuters) – Indian shares reversed earlier gains to trade lower on Wednesday, led by a fall in insurance companies after the country’s Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled. The Nifty 50 index was down 0.3% at 17,636, while the S&P BSE Sensex rose 0.3% to …
Indian shares fall as insurance companies drag; Adani Group stocks tumble Read More »
By Manoj Kumar NEW DELHI (Reuters) – The Indian government on Wednesday unveiled a 45 trillion rupees ($550.7 billion) spending budget for the next fiscal year starting April to boost economic growth, while aiming to lower fiscal deficit before elections due next year. The aim is to have strong public finances and a robust financial …
India unveils $551 billion spending budget to boost growth ahead of 2024 vote Read More »
