Adani Group has come under attack following the scathing report by US short-seller Hindenburg
Updated : Mar 19, 2023

Hindenburg-hit Adani Group suspends work on Rs 34,900 cr petchem project in Gujarat

Hindenburg, in its report published on January 24, claimed that key listed Adani companies had taken on substantial debt, putting the entire group on precarious financial footing. As the report triggered a crash in Adani stocks, the group scrambled to cut its debts and win back the confidence of investors.

While the Vedanta Foxconn semiconductor proposal is gradually emerging as the most promising one, some industry veterans fear the first round of applications might end up under legal scrutiny.
Updated : Feb 23, 2023

How Vedanta’s weak semiconductor proposal has emerged as a promising one

Vedanta has already shortlisted Prime Minister Narendra Modi’s home state, Gujarat, for setting up its semiconductor and display fab and is fast progressing with its plan.

The Ministry of Corporate Affairs (MCA) has conducted consultations with the required stakeholders in past few months to propose changes in the Insolvency and Bankruptcy code (Amendment) Bill, 2022.
Updated : Nov 09, 2022

Changes coming to insolvency rules for faster resolution

These reforms are likely to be taken up in the winter session of Parliament in December, sources tell Business Today Television.