Gautam Adani

Adani Watch, News

Gautam Adani’s long-time buddy runs lucrative Covid-19 tests at Adani-run Indian airports

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A firm owned by a long-time friend of Gautam Adani is running lucrative covid tests at Adani-run airports in India. The firm appears to have charged rates that are substantially higher than those charged by laboratories at other airports. The company, North Star Diagnostics Private Limited, is owned by Adani’s long-time buddy Dr Malay Ramesh Mahadevia and his immediate family members, including his wife Sonali Mahadevia and his two daughters Tulsi and Bansari.

Adani Watch, News

Shares of Adani Group crash after freeze by depository

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The prices of shares of six publicly-listed companies in the Adani Group fell off the cliff on Monday after India’s securities depository froze the trading accounts of three Mauritius-based funds that hold stakes worth close to US $6 billion in these Group firms. At their lowest level, the six stocks fell in value by an estimated 17.7 billion Australian dollars.

Adani Watch, News

‘Test case’ shemozzle means Adani still in the race for bankrupt finance company

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In a rare instance of not getting its way, the Adani Group failed earlier this year to acquire the assets of the scandal-tainted finance company, DHFL. However, with messy legal disputes potentially de-railing the outcome of the bankruptcy process, there is a chance that a fresh round of bidding may yet take place. This would put Adani back in the race for DHFL’s assets.

News, News Click

Justice Arun Mishra’s Final ‘Gift’ of Rs 8,000 Crore to Adani

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On August 31, a Supreme Court Bench headed by Justice Arun Mishra approved the decision by electricity regulators to grant Adani Power “compensatory tariffs” amounting to Rs 8,000 crore for electricity generated at its power plant in Rajasthan. The verdict is the seventh judgment since 2019 in which benches headed by him have ruled in favour of Adani group companies.

News, News Click

Lockdown Gains for Adani Ports and SEZ

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The COVID-19-induced nationwide lockdown, while hitting the ports and shipping sector hard, saw Adani Ports and SEZ make significant gains in its plan to expand and consolidate its business. In this first of a 2-part story on the Adani group company, Newsclick rounds up the developments.

News, The Wire

Modi Government’s Rs 500-Crore Bonanza to the Adani Group

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The government has quietly tweaked rules relating to special economic zones – and the new rules specifically favour the Adani Group. The government recently took a decision to quietly tweak the rules relating to special economic zones (SEZs) which has enabled a company in the Adani Group to reap a bonanza of around Rs 500 crore.

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