NEW DELHI: Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors.
Category: Oil & Gas
Budget 2023| Oil marketing companies get Rs 30,000 crore push
NEW DELHI: Oil marketing companies (OMCs) received Rs 30,000 Ccapital infusion from the government in the Budget 2023-24 for the energy transition. As per the Budget document on capital allocation to the petroleum ministry, the government earmarked Rs 30,000 crore as capital support to oil companies, Rs 5,000 crore is meant for strategic storage filling […]
CNG price: Owners reconsider converting diesel buses in Kerala
KOCHI: The state government’s efforts to bring about a paradigm shift in the usage of green energy by supporting bus private owners in converting their diesel-powered vehicles into CNG have hit a major jolt, with several deciding to abandon the conversion. The gradual increase in CNG price, which has soared from Rs 50 to Rs […]
Adani stocks slump post Hindenburg report
NEW DELHI: Share prices of Adani Group’s listed companies fell up to 23% on Friday (intra-day) as the spat between the Group and US-based activist investor firm Hindenburg Research intensified on Thursday.
Adani rules out changes in price, dates of FPO; confident of share sales going through
NEW DELHI: Billionaire Gautam Adani’s group on Saturday ruled out any changes in price or the dates of the Rs 20,000 crore follow-on share sale at the conglomerate’s flagship firm despite its stocks being hammered below the offer price after a scathing report by a US short seller.
India plans to increase exploration acreage to 0.5 mn sq. km by 2025
NEW DELHI: India is planning to increase its exploration acreage to 0.5 million sq. km by 2025 and 1.0 million sq. km by 2030, said petroleum minister Hardeep Singh Puri on Saturday.Puri, speaking at an ONGC (Oil and Natural Gas Corporation) ceremony held on Sagar Samrat, said India’s energy demand is likely to grow at […]
No change in schedule, issue price of FPO, says Adani Enterprises
MUMBAI: Refuting reports about change in schedule of Follow-on Public Offer, Adani Enterprise on Saturday said there is no plan to either extend the closing date or change the issue price of the ongoing FPO.“There is no change in either the schedule or the issue price,” Adani Enterprises (AEL) in a statement. “All our stakeholders […]
Index provider MSCI seeks feedback from Adani Group over Hindenburg report
NEW DELHI: Index provider MSCI on Saturday said it has sought feedback on Adani group securities after a report by US-based investment research firm Hindenburg alleged stock manipulation and accounting fraud by the conglomerate.
In a first, IOC begins export of aviation gas
MUMBAI: In a first, national oil marketer Indian Oil Corporation has started exports of aviation gasoline, the fuel that fires unmanned aerial vehicles and small planes — turning a chapter in the nation’s fuel history from being a net importer to an exporter.
Hindenburg report full of ‘rhetorical innuendos’, reckless statements: Adani group
In a fresh salvo fired by the Adani Group ahead of the most crucial Monday trading session that could make or mar the Adani Enterprises’ Follow-on Offer (FPO), the group on late Sunday night came up with a ‘detailed’ response to Hindenburg Research report.
Adani’s fraud cannot be obfuscated by nationalism: Hindenburg
NEW DELHI: US short seller Hindenburg Research has rejected Adani Group’s charge that its report was an attack on India, saying a “fraud” cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations.
Adani stocks witness mixed trends in early trade; Adani Enterprises jumps
NEW DELHI: Shares of Adani group companies witnessed mixed trends in early trade on Monday, with flagship Adani Enterprises surging 10 per cent even as most of the group firms fell, a day after it released a 413-page response to allegations of wrongdoing brought by a US-based short seller Hindenburg Research.