Facing pressure for a swift resolution, Trump repeatedly suggested the US military campaign in Iran may end soon amid ongoing oil market disruptions. The White House has announced that US President Donald Trump will address the nation on Wednesday night on the Iran situation
Islamabad, Pakistan’s Prime Minister Shehbaz Sharif on Saturday approved salary deductions ranging from 5 to 30 per cent for employees of state-owned enterprises (SOEs) and autonomous institutions as part of a broader austerity drive. The new measures were cleared during a review meeting convened
AJ Brown trade news: Amid Eagles update; new DeVonta Smith rift rumors emerge Published on: Apr 02, 2026 6:27 AM IST By Yash Nitish Bajaj Share via Copy link A.J. Brown #11 of the Philadelphia Eagles pumps up the crowd before the NFC Wild Card Playoff game against the San Francisco 49ers (Getty
Dehradun: The Char Dham Yatra 2026 is set to begin on April 19 with the opening of Yamunotri and Gangotri shrines. Kedarnath Dham will open on April 22, and helicopter services to the shrine will start a day earlier, on April 21. To ensure smooth travel for pilgrims
Tiger Woods has turned down the role of United States Ryder Cup captain next year in Ireland, the PGA of America has announced. The 50-year-old was arrested and charged with driving under the influence after clipping a truck and rolling his car in Florida on Friday
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Turn your room into a stadium view with 5 best projectors for immersive, cinema-like home entertainment experiencesUpgrade your home viewing with powerful projectors that deliver
Noida authority, Yeida to mark foundation day by key launchesNoida was founded on April 17, 1976 and this year marks its Golden Jubilee while the Yamuna Authority that was founded on April 24, 2001, will celebrate its silver jubilee this year Published on: Apr 02
Cannes is almost here, and you know what that means… cinema, glamour, and a whole lot of buzz. While the full lineup is still under wraps, the festival has already dropped one big reveal that’s got film lovers curious. The 79th edition of the Cannes Film Festival will kick off on May 12 with
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: Jamal Khashoggi's widow's message to 'peace man' Trump after clean chit to MBS SC appointed SIT gives clean chit to Vantara Congress alleges BJP-AAP nexus in clean chit to Arvind Kejriwal in Delhi excise case Netweb Technologies share price jumps over 6% on receiving improved ESG score Bareilly man in Canada expresses gratitude after receiving US visa Reliance denies receiving Russian oil deliveries in past three weeks Jaxon Smith-Njigba shatters Seahawks single-season receiving yards record Krishna, Godavari rivers receiving heavy floodwater inflows in Andhra Pradesh They Kept Receiving Calls Little Kolkata Boy's Excitement After Receiving Biryani Box Is Every Food Lover’s Mood
April 2026 Horoscope: 7 zodiac signs may attract luck and success by the weekend, says tarot readerApril 2026 Horoscope: This article will delve into seven lucky zodiac signs that may attract luck and success by the weekend, as per the tarot reading. Published on: Apr 01
2 minutes ago
In the middle of a crowded train, in between the chaos of clattering tracks and rushing passengers, a small act of humanity has captured the heart of the nation. A viral video circulating on Instagram and X (formerly Twitter) shows a TTE discovering two Indian Jawans sleeping on the cold floor of a
2 minutes ago
The 2026 FIFA World Cup field is now complete. Iraq and Bosnia and Herzegovina secured the final berths. Italy has been eliminated from qualifying for a third straight World Cup. The tournament begins June 11 and will be co-hosted by the United States, Mexico, and Canada
2 minutes ago
SpaceX files for potentially biggest IPO in history, listing likely in June 2026A SpaceX IPO at a potential valuation of over $1.75 trillion would signal that space exploration has moved from speculative venture to mainstream investment. Updated on: Apr 01
2 minutes ago
Tanker carrying Iranian crude oil headed for India after a 7-year gapThe ship loaded crude from Iran Kharg Island and previously flashed a Chinese destination, according to an update by Winward, a ship and freight tracking firm. Published on: Apr 01, 2026 11:10 PM IST By Zia Haq
2 minutes ago
Spanish football star Lamine Yamal has strongly condemned anti-Muslim chants by fans during a friendly match. The Spanish government and football federation also denounced the behaviour. Police are investigating the incident. This event has cast a shadow on Spain's sporting image
2 minutes ago
Alia Bhatt reveals Ramayana's Rama glimpse is ‘out of this world’, says Ranbir Kapoor has ‘done a beautiful job’Fans hailed Alia Bhatt for being a ‘supportive wife’ as she expressed her excitement for Ranbir Kapoor's Ramayana glimpse. Apr 2, 2026
2 minutes ago
Haryana Weather and AQI Today: Warm start at 22.58 °C, check weather forecast for April 2, 2026Check the weather forecast and air quality updates for Haryana on April 2, 2026 here. Published on: Apr 02, 2026 7:10 AM IST By hindustantimes.com Share via Copy link The temperature in Haryana today
2 minutes ago
Tiger Woods DUI row: Expert says jail is unlikely but tough penalties expected: ‘chances are remote’ Published on: Apr 02, 2026 5:21 AM IST By Khushi Arora Share via Copy link Tiger Woods steps back to focus on health after Florida DUI arrest
2 minutes ago
Actor and TVK chief Vijay will file his nomination papers for the Tiruchirappalli (East) assembly constituency on April 2. This marks a significant electoral contest in central Tamil Nadu. Vijay is also contesting from Perambur in Chennai. His campaign plans include public addresses at key city
2 minutes ago
Students can check their Bihar Board Matric results online through official websites once released. The wait is finally over for Bihar Board Class 10 students. The Bihar School Examination Board (BSEB) is all set to announce the Matric result 2026 today, March 29
2 minutes ago
Two of India’s largest carriers — Air India and IndiGo — have each issued formal travel advisories for their Gulf-region operations on Wednesday, 1 April 2026, asking passengers booked on Middle East routes to check their flight status carefully
2 minutes ago
The Rajasthan Board of Secondary Education (RBSE) 12th Science results have once again shown that talent does not depend on luxuries or expensive resources. Amit Kumar Meena, a student from Shyampura Kalan, a small village in the Lalsot subdivision of Dausa district
2 minutes ago
“For people like us, the last five years have been very difficult,” said Shahjamal. The 55-year-old lives in a village on the banks of the Brahmaputra in Assam’s Bongaigaon district. He said he is worried about what will claim his home first – the Brahmaputra, which flows 50 metres away
2 minutes ago
The makers of Ranbir Kapoor’s much-awaited movie, Ramayana, recently released the teaser of the film in Los Angeles. Interestingly, it has not been released in India yet and is scheduled to be out on April 2. This has left Ranbir’s fans in the country disappointed and upset
2 minutes ago
As summer temperatures climb, cooling down with a drink that is both refreshing and refreshing is a must. Instead of reaching out for those shop-bought fizzy drinks, make these homemade summer coolers at home. Perfect for beating the heat, you do not need to resort to sugary
2 minutes ago
Easter is all about bringing people together over good food, shared moments, and dishes that become the highlight of the table. This season, give your usual brunch spread a light-hearted upgrade with a bagel sandwich designed to stand out, both in taste and thoughtfulness
2 minutes ago
Fair crowds choke 500m stretch near Sheetla Mata Mandir in GurugramTraffic snarls hit CRPF Camp–mandir road; police deploy diversions, advisories as 1 lakh daily footfall strains access to Old City sectors Published on: Apr 02, 2026 7:52 AM IST By Abhishek Bhatia Share via Copy link Traffic
2 minutes ago
As the war in the Middle East enters its second month, choking the world's energy supply and sending oil prices soaring, China is trying to step in as a peacemaker. It comes as President Donald Trump says US military action in Iran could end in "two to three weeks"
2 minutes ago
The Bihar and Rajasthan boards have already announced the Class 10 and 12 board exam results 2026. While BSEB typically declares results in March, RBSE advanced its schedule from May to March. Now, let’s see which boards are expected to publish their results this month
2 minutes ago
Blinkit has launched its quick commerce service inside Mumbai’s Chhatrapati Shivaji Maharaj International Airport on Wednesday (April 1). The announcement was made by Blinkit CEO Albinder Dhindsa, stating that the services are being launched for Terminal 2 (Domestic departures) at Mumbai Airport
2 minutes ago
State Bank of India (SBI), Punjab National Bank (PNB), and several other banks across India have adjusted fixed deposit (FD) interest rates recently in response to changing economic conditions and shifts in RBI policy. Over recent months, several banks have revised their FD offerings
2 minutes ago
Meta employee who thought he had 'normal' meeting with manager fired: 'I had to immediately grab my stuff and leave'A techie recounted how he was let go from Meta during what he believed would be a standard one-on-one with his manager. Updated on: Apr 01
2 minutes ago
AIMIM chief Asaduddin Owaisi accused the ruling TMC and other parties of exploiting West Bengal's Muslims for votes without ensuring their development. Addressing a rally, Owaisi urged the community to elect leaders from within to secure economic progress and political representation
2 minutes ago
America has launched its Artemis II mission with four astronauts on a journey around the moon. This marks a significant step in NASA's plan to return humans to the lunar surface. The mission aims to test spacecraft capabilities for future lunar landings
2 minutes ago
Coffee farmer Vanthala Raju was 21 when he applied to get his rights over forest land recognised in 2014. It took two years for an official to acknowledge his application, four more for processing. Throughout this period, he faced harassment from authorities
2 minutes ago
Elon Musk's SpaceX is poised to become one of the most valuable publicly traded companies in the world. The company, which manufactures rockets, space exploration technology and Starlink satellites, is currently privately held. But on Wednesday it made a confidential filing with the US Securities
2 minutes ago
