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Adani

July

Gautam Adani is the chairman of Adani Group.

US hedge fund made 50pc on Adani short-sell attack

New York investment fund Kingdon Capital Management had advance notice of a research report accusing the Indian conglomerate of fraud last year.

  • Bhuma Shrivastava and Bei Hu

June

The Osinnikovskaya coal mine in Osinniki, Russia. Russian miners have been sidelined by sanctions placed on the country by major economies including the United States, the European Union and Australia following the invasion of Ukraine.

Russian mining membership dogs global coal lobby

Now known as FutureCoal, the organisation says it is “agnostic” after appointing a Russian director. Its members include Yancoal, Whitehaven and Incitec Pivot.

  • Peter Ker

May

Prime Minister Anthony Albanese during a walk through of Beef2024 in Rockhampton on Tuesday.

Labor’s plan to ‘restore faith’ in Qld

Anthony Albanese said Labor’s Future Made in Australia Act was key to “restore faith” with blue-collar Queenslanders, who deserted the party in 2019 over the confused position on the Adani coal mine.

  • Phillip Coorey

March

Gautam Adani.

US probes Gautam Adani and group over potential bribery

Investigators are digging into whether an Adani entity, or people linked to the company, paid officials in India for favourable treatment on an energy project.

  • Tom Schoenberg and Ava Benny-Morrison

February

 Temenos has denied Hindenburg’s allegations, yet has still launched a probe into the claims.

Hindenburg short attack puts Aussie banks in the crosshairs

The short-seller’s latest target Temenos is a prolific supplier to Australian banking minnows.

  • Lucas Baird
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In India, Adani’s solar factories rub shoulders with one of the world’s biggest coal ports.

Adani’s started solar in India. So should the Nats in the regions

Rather than worry about waking up with a transmission line in your back paddock, the biggest landscape threat is not renewables but climate change.

  • Matt Edwards

December 2023

The 11 big trades of 2023: From market busts to career-making wins

A slew of trades around the world, from bank bonds to cryptocurrencies, either blew up or rocketed higher against expectations in 2023.

  • Bloomberg News
Gautam Adani.

Adani Green founders to invest $1.6b using warrants

The fundraising plan shows Adani Group’s rising confidence after a damaging broadside from Hindenburg Research early in 2023 plunged it into crisis.

  • P R Sanjai and Advait Palepu

The new billionaires’ wealth haven is not where you think

The richest man in crypto, Changpeng Zhao, and hedge fund billionaire Ray Dalio are among dozens who’ve set up special purpose vehicles in Abu Dhabi this year.

  • Ben Bartenstein

August 2023

Adani headquarters in  Ahmedabad in western India.

Adani shares slide after hidden investor revelations

The media reports exposed opaque offshore structures that shielded some of the Indian group’s largest shareholders from public sight.

  • John Reed, Jyotsna Singh and Dan McCrum

August 2023

The investigation is yet another broadside against Gautam Adani’s ports-to-power conglomerate.

Adani family’s partners used ‘opaque’ funds to invest in its stocks

A non-profit global network of investigative journalists says it has found at least two cases where the investors bought and sold Adani stock through offshore structures.

  • Krishn Kaushik and Aditya Kalra
Gautam Adani

Secret paper trail reveals hidden Adani investors

After claims of share price manipulation, new documents uncover potentially controversial shareholders in one of India’s biggest conglomerates.

  • Updated
  • Dan McCrum and John Reed
Deloitte has resigned as auditor of Adani.

Adani Ports names new auditors after Deloitte resigns

The replacement move may again put the spotlight on governance at the Indian conglomerate.

  • Susanne Barton and Advait Palepu

June 2023

The capital strike against coal has failed

The industry is easily circumventing the international campaign to deny it financing and looks likely to thrive into the next decade, The Economist reports.

  • The Economist

May 2023

Rajiv Jain, CIO of GQG has plans to buy more shares in the Indian conglomerate.

GQG’s Jain lifts Adani stake to $5.3b, plans to buy more

The hedge fund has upped its stake by about 10 per cent in billionaire Gautam Adani’s conglomerate with plans to be one of the largest investors within five years.

  • P R Sanjai
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The New York-based investment bank mismarked 60 million short-sale orders as “long” from 2015 to 2018.

Goldman funds slash Adani exposure from active ESG products

Goldman was among 13 funds that dumped a total of 12 million Adani shares in the wake of fraud allegations from short-seller Hindenburg Research.

  • Natasha White and Frances Schwartzkopff
These investigations are the most significant way India can signal to the investors that it is willing to scrutinise its largest firms and align them closer to global standards of corporate governance. Pictured: Gautam Adani, billionaire and chairman of Adani Group.

Court probe of Adani short-seller saga tests India’s institutions

The Supreme Court-initiated investigation into allegations against the Adani Group is unprecedented for Indian businesses.

  • Advait Palepu and Saikat Das
A successful share sale would go a long way toward cementing Adani’s recovery from the crisis.

Adani to weigh stock sale; months after short-seller turmoil

None of the group’s main units have tapped the public equity market since the allegations by Hindenburg Research wiped more than $100 billion from the conglomerate’s value.

  • Filipe Pacheco

April 2023

Gautam Adani

Adani’s $4b plan to turn Slumdog Millionaire area into luxury property

Controversial billionaire Gautam Adani is hoping to resettle a million Indians from the Mumbai slum featured in the 2008 hit film to make way for prime real estate.

  • Chris Kay

March 2023

Adani’s Carmichael mine under development in Queensland.

Carmichael write-down split favoured Adani’s listed company

Accounts reveal a massive difference in whether private entities, or publicly listed ones, were impacted by losses booked against the Queensland coal project.

  • Liam Walsh

Original URL: https://www.afr.com/company/adani-hn1