Adani Group

The steep decline in Adani’s fortune comes as a result of the Adani Group companies shedding $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a 24 January report.

Amid Adani-Hindenburg row, various Opposition parties have demanded a Joint Parliamentary Committee probe or a Supreme Court-monitored committee investigation into the Adani issue while also seeking a discussion on it in Parliament.

Mallikarjun Kharge, AAP leader Sanjay Singh and K Keshava Rao, an MP from Telangana Chief Minister KCR's party Bharat Rashtra Samithi (BRS) filed a notice discussing the Adani stock crash in the Rajya Sabha.

The perception war is going to continue, and the Adani Group's FPO success certainly does not bring curtains down on it, says Prakash Chawla

As the market opened on Monday, most of Adani Group's companies extended a $51 billion stock selloff, an indication that the billionaire's rebuttal of fraud allegations from American short seller Hindenburg Research is largely failing to convince investors.

The fisherfolk have been alleging that there coastal erosion had increased in the region due to the unscientific construction of groynes, the artificial sea walls as part of the upcoming port

On November 28, the Kerala High Court was informed by the state government that steps will be taken to recover the loss suffered due to the violent protest and attack over the Vizhinjam seaport incident from the protesters.

The Supreme Court said the question in connection with the ownership of land, on which the airport is situated, would remain open. Senior advocate CU Singh contended before the bench that land on which the airport is situated belonged to the state government, and the state should get preferential rights, and also alleged that RFP was tailor made to suit the Adani group.

The Adani Group participated in the recently held 5G spectrum auction and now reports suggest that the company has been granted licence to offer full-fledged telecom services in India.

Post the transaction, Adani will hold 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements).