The Supreme Court will hear Naresh Balyan's plea challenging his bail denial. The Delhi High Court previously rejected his bail application in a MCOCA case. Balyan is accused of facilitating a crime syndicate run by gangster Kapil Sangwan. The high court found an active criminal nexus between
The Delhi High Court has sought responses from Abhijit Iyer Mitra and others. A Cockroach Janta Party spokesperson filed a plea alleging privacy violations. The court issued notices and summons regarding the disclosure of residential details. X, formerly Twitter
A Supreme Court Bench of Justices Vikram Nath and Sandeep Mehta has banned any construction or development within 100 metres of Jojari River in Rajasthan,hearing a suo motu case on Monday (August 24, 2026). The court also prohibited hazardous industries within 500 metres of the river’s flow path
The Congress party criticises the Modi government's aggressive privatisation agenda for India's space program. They question the rationale behind weakening ISRO's capabilities and transferring its assets. Reports indicate ISRO's role in rocket development will be severely limited by this new policy
Chlorine gas leak at a water treatment plant in Nagpur shortly after midnight on Monday (August 24, 2026) sent nearby residents running for safety and left many people gasping for breath, officials said. Several people were hospitalised after the leakage occurred in a 900-kg capacity chlorine gas
West Bengal Chief Minister Suvendu Adhikari on Sunday said Bengal must emerge as a major investment destination as he highlighted the state's cooperation with the Centre in defence, infrastructure and industrial development. His remarks came as Defence Minister Rajnath Singh and Adhikari virtually
BJP national general secretary Smriti Irani said Prime Minister Narendra Modi has remained responsive to youth concerns and shown that political differences can be set aside to improve government systems. BJP national general secretary Smriti Irani said the Prime Minister has been attentive to the
In April 2025, the Modi government made a dramatic U-turn and announced that it would count caste in India’s next census. At the time, it made sure to take potshots at its predecessor, the Manmohan Singh-led United Progressive Alliance government, for not including caste in the 2011 census
Time to 'accelerate': Adani outlines priorities after SEBI closure
Time to 'accelerate': Adani outlines priorities after SEBI closure
Days after receiving a clean chit from SEBI over the Hindenburg allegations, billionaire Gautam Adani said his ports-to-energy group will now shift toward accelerating innovation, improving transparency, and building for long-term impact.
"Today, a cloud that had hung over us for more than two years has been lifted," Mr. Adani said in an internal message to staff, seen by PTI. "SEBI's comprehensive investigation has concluded by rejecting all allegations contained in the Hindenburg report from January 2023." The January 2023 Hindenburg report accused the group of accounting irregularities, stock price manipulation, and the use of opaque offshore entities— allegations that triggered a selloff across Mr. Adani's listed companies and erased more than $150 billion in market capitalisation at one point.
Adani Group repeatedly denied the allegations made by Hindenburg, which has since disbanded.
ALSO WATCH Watch | What is the Adani-Hindenburg saga all about?
The Securities and Exchange Board of India (SEBI) last week dismissed some of Hindenburg's claims. In two separate orders, it said there was no evidence of the conglomerate using related-party transactions to route funds into its listed units, and that the transactions, cited by Hindenburg, did not meet the definition of a related party.
Adani group chairman Gautam Adani called the allegations part of a "targeted, multidimensional assault" and credited his employees for maintaining operational momentum despite global scrutiny. "This attack was never just a market event." He credited the group's workforce for continuing to execute major infrastructure projects during the scrutiny. Ports, power plants, airports, and renewable energy projects continued to expand as the group faced reputational and legal pressure.
"While the world debated about us, our ports expanded, transmission lines stretched farther, power plants ran reliably, renewable projects continued to green the world, airports advanced, cement furnaces fired away, and logistics teams delivered flawlessly," he said. "You proved that execution under pressure is the truest test of character, and that the Adani character is simply unbreakable." He added that the company had emerged stronger and laid out future priorities, including a focus on transparency, innovation, long-term value creation, and transformation.
"Integrity and transparency must remain the foundation of everything we do— inseparable, uncompromising, and safeguarded relentlessly," he said.
Other priorities will include accelerating innovation in energy, logistics and infrastructure; building a legacy that endures for decades beyond headlines; and embracing transformation to shape the future rather than be shaped by it.
Adani group, he said, must accelerate its pace of innovation and drive bold advances in energy, logistics, and other infrastructure that push the very edges of possibility. "We must build not for today's applause but for a legacy that endures for decades. Headlines fade, but what we create must leave its mark on history." Asking employees to embrace transformation, he said, the future will march forward with or without us. "Either we shape the future into what we dream or be shaped by the future into what we fear." The tycoon struck a personal note in thanking staff for supporting him through the turmoil.
"I know the quiet anxieties your families felt, the doubts even you may have felt at times, and yet, day after day, you showed up-you fought for my beliefs," Mr. Adani said.
Adani Group stocks climb after SEBI dismisses Hindenburg allegations
Adani Power to invest $3 billion to set up 2400 MW power project in Bihar
He pointed to the group's operational resilience, noting that "while the world debated about us, our ports expanded, transmission lines stretched farther, power plants ran reliably, renewable projects continued to green the world, airports advanced, cement furnaces fired away, and logistics teams delivered flawlessly." Mr. Adani also framed the controversy as an 'agnipariksha' (trial by fire), saying every crisis deepens foundations and strengthens resolve. He warned employees that more tests would follow, but urged them to draw confidence from the group's performance under pressure.
The Adani Group aggressively diversified over the past decade, expanding from ports and logistics into energy, data centres, airports, cement, and green hydrogen, propelling its founder chairman to the world's second richest position. This was until US short seller Hindenburg Research hit it with a damning report.
The crisis rattled global investors, prompted questions from the Supreme Court, and led to SEBI initiating multiple investigations. While Hindenburg subsequently ceased operations in January 2025 under what Mr. Adani called "mysterious circumstances", the shadow of its allegations lingered until the regulator's latest findings.
Despite facing credit downgrades and investor skepticism in early 2023, the group has since regained market value, bolstered by strategic equity investments from global firms, including GQG Partners and the Abu Dhabi-based International Holding Company. What also helped was the paring of debt and resumption of expansion in the core infrastructure business.
SEBI launched multiple probes following the report's release, including investigations into related-party transactions and offshore fund structures. The group had denied wrongdoing from the outset, calling the report a "malicious combination of selective misinformation and stale, baseless allegations".
As of Monday (September 22, 2025), shares of Adani Enterprises Ltd are up more than 80% year-to-date, outperforming the Nifty 50 Index.
SEBI's orders do not clear the group of other allegations raised by Hindenburg, and Adani continues to face a regulatory overhang from an indictment by the U.S. Department of Justice in an alleged $265 million bribery scheme.
"We must build not for today's applause but for a legacy that endures for decades," Mr. Adani said in his message to staff. "Let history remember the past three years as the spark that built a greater Adani." Interspersed with Hindi couplets, the message urged staff to see the past three years as "the spark that built a greater Adani".
In his closing lines, Mr. Adani urged employees to let the group's story stand for "courage, conviction, and a promise we all kept to our motherland, Bharat". He signed off with 'Satyameva Jayate, Jai Hind'.
The SEBI clean chit is expected to bolster investor sentiment toward the Adani Group, which spans ports, power, renewables, cement, airports and logistics.
Analysts say the regulator's closure of the case removes a major overhang and could help the group regain access to cheaper global financing, even as scrutiny from some international stakeholders persists.
Published - September 22, 2025 04:07 pm IST
India
Source: The Hindu
Related Posts: Hindenburg case on Adani,Hindenburg adani case,Hindenburg adani case sebi ,What is Hindenburg allegation on Adani
Uttar Pradesh Assembly Speaker Satish Mahana has sparked outrage after footage emerged of him leaving the dais during the National Anthem. Opposition leaders have called for his apology, questioning his respect for national sentiments. In his defense
15 hours ago
The upkeep of Delhi's iconic Lutyens bungalows, now nearly a century old, is becoming increasingly expensive - annual expenditure on the renovation, furnishing and repair of the official residences of Union Ministers touched a record high of ₹92.35 crore in 2025-26
1 days ago
Industrialist Gautam Adani met Karnataka Chief Minister D K Shivakumar for an hour. Sources described the meeting as a courtesy visit while returning to the airport. The meeting occurred amid a proposed tunnel road project for which Adani Enterprises is the lowest bidder
1 days ago
Rohtak MP Deepender Hooda has clarified his statements regarding Sajjan Kumar's death, denying he ever referred to the former MP as a role model. He underscored his family's long-standing opposition to the 1984 anti-Sikh riots, firmly reiterating their commitment to advocating for the rights and
1 days ago
A project in Assam to improve the quality of an elephant habitat could turn a botanical liability into a carbon-rich asset. For decades, Assam Forest Department officials have struggled to deal with at least half a dozen invasive alien plants (IAPs) that have been constricting local vegetation and
1 days ago
At a Cabinet meeting on Wednesday, Union ministers were handed report cards. They were not being assessed for their performance as ministers but on how active and effective they have been on social media. Each minister was ranked based on an evaluation of their social media presence between May 1
1 days ago
The Indian Overseas Congress USA Telangana Chapter voiced disappointment over denied political clearance for Chief Minister Revanth Reddy's US trip. The Ministry of External Affairs cited the program's inappropriateness for the office held by the Chief Minister
1 days ago
Expressing her firm stance, Mayawati, the BSP chief, has rejected the idea of substituting caste-based reservations with economic ones, arguing that it would harm the broader national interest. She pointed to constitutional protections for historically marginalized groups and condemned Congress
1 days ago
Rahul Gandhi's 'Chhatro Ki Goonj' program focused on young women in Pune. Congress leaders stated the program's message reached Delhi, causing visible panic. Supriya Shrinate highlighted the platform provided for women to voice their concerns. Union Minister Murlidhar Mohol criticized the program
1 days ago
Prime Minister Modi met the BJP's new national office-bearers, stressing public connection and organizational strength. The party announced a nationwide 'Seva Sankalp Abhiyan' from September 17 to October 17. This campaign aims to spread the spirit of service associated with Modi's public life
1 days ago
Sikh leaders protested outside Rahul Gandhi's residence on Saturday. They demanded an apology for Congress leaders' remarks about Sajjan Kumar. Sajjan Kumar, convicted in the 1984 riots, recently passed away. Protesters stated that such statements reopened old wounds for families
2 days ago
The Bharatiya Janata Party passed a resolution defending Vande Mataram's national status. This action strongly condemned the Congress Working Committee's recent decision regarding the song. The BJP affirmed the constitutional and statutory protection of the complete National Song
2 days ago
BJP national president Nitin Nabin on Saturday (August 22, 2026) held the first meeting with the party's newly appointed national office-bearers to discuss poll strategy and grassroots outreach, party sources said. The meeting focused on preparations for upcoming State Assembly elections
2 days ago
Two workers were killed and 11 others were injured in a reactor blast in a pharmaceutical firm in Dothigudem in Pochampally in Yadadri district late on Friday (August 21, 2026) night. The factory is about 50 km from Hyderabad. According to police officials
2 days ago
The Supreme Court has redefined the term 'industry' for new labor cases. This ruling will not affect past or pending cases under the old law. The Congress party expressed concern over this significant change. They believe it weakens essential safeguards for many workers
2 days ago
BJP MP Dharmendra Pradhan accused Congress of appeasement politics regarding the Vande Mataram song. He stated the party's true face has been exposed to the nation. West Bengal Congress President Subhankar Sarkar rejected these allegations from the BJP
2 days ago
Claiming that “rule of law” prevails in Bengal now with the new BJP government in power, Shah said the previous government did not implement BNS in Bengal so that they could promote cut money, syndicate raj and corruption. He praised CM Suvendu Adhikari who has fulfilled 43% of the poll
2 days ago
Prime Minister Narendra Modi pledged faster reforms and greater ease of living. He expressed confidence that a stable India will contribute to world stability. India has been an oasis of political stability amidst global fluctuations. The government is committed to uplifting the youth, farmers
2 days ago
Tamil Nadu Chief Minister C Joseph Vijay on Thursday asked the Union government to provide a legislative assurance that any state’s representation in Parliament will not reduce due to the delimitation exercise, The New Indian Express reported
2 days ago
Welcome to The India Fix by Shoaib Daniyal. A newsletter on Indian politics. As always, if you’ve been sent this newsletter and like it, to get it in your inbox every week, sign up here (click on “follow”). “I was never involved in corruption
2 days ago
A Congress delegation petitioned the Election Commission regarding voter list irregularities. They alleged eligible voters' names were struck off electoral rolls. People were declared absent and young individuals marked deceased without cause. Notices were not reaching recipients
3 days ago
Karnataka's Chief Minister DK Shivakumar urged the Southern Zonal Council to retain the 1971 census for delimitation. He also requested maintaining the Lok Sabha's strength at 543 for the next twenty-five years. Shivakumar sought to accommodate women's quota within the existing strength without
3 days ago
Farmers in Karnataka's Cauvery basin intensified protests on Thursday, opposing water release to Tamil Nadu. The Cauvery Water Management Authority ordered Karnataka to release water, which Tamil Nadu seeks to enforce. Protesters questioned the decision
4 days ago
Journalist Tarun Tejpal, former editor of Tehelka magazine, on Thursday (August 20, 2026) appealed in the Supreme Court against the August 6, 2026, judgment of the Bombay High Court sentencing him to 10 years imprisonment in a 2013 rape case. His appeal comes as the State of Goa
4 days ago
The Congress Working Committee adopted a resolution addressing key national concerns. Youth unemployment and numerous paper leaks were highlighted as critical issues. Allegations of financial irregularities in Ram temple donations were also raised
4 days ago
Manipur Congress chief O Ibobi Singh stated the Centre can resolve state issues quickly. Civil society groups are petitioning Union ministers for NRC updation before the Census. They aim to meet Home Minister Amit Shah and other key leaders. Students also protested
4 days ago
KPCC president Sunny Joseph stated the ED probe findings against Veena T are not political witch-hunting. He noted the CPI(M) has not denied the facts revealed by the agency. The Enforcement Directorate seized handwritten notes and digital devices during searches
4 days ago
