Adani Group stocks have experienced a significant surge, adding ₹1.78 lakh crore to their combined market valuation over two days. This rally follows the Securities and Exchange Board of India (SEBI) clearing the group of allegations made by Hindenburg Research regarding stock manipulation and related-party transactions. SEBI's dismissal of these allegations has restored investor confidence, leading to strong buying activity across Adani Group companies. Notably, Adani Power shares rose by 20% after the company executed its first-ever stock split, making shares more accessible to retail investors. Additionally, global brokerage firms have initiated coverage on Adani Power with optimistic ratings, further boosting investor sentiment. Other group companies, including Adani Total Gas and Adani Green Energy, also saw substantial gains, reflecting a broad-based recovery in the group's stock performance. #news #Newsone #AdaniGroup #SEBIUpdate #StockMarketNews #InvestorConfidence #AdaniTotalGas #AmbujaCements #AdaniGreenEnergy #GautamAdani
The Adani Group has sparked a major political storm after being allotted 1,050 acres of land in Pirpainti, Bhagalpur (Bihar) on a lease of ₹1 per year for 33 years to build a 2,400 MW thermal power plant. Congress leader Pawan Khera accused the BJP-led Bihar government and Industries Minister Nitish Mishra of favoring Adani just ahead of state elections. He alleged that the land, home to nearly 10 lakh trees including mango, litchi, and teak, would be cleared, causing massive environmental damage. The opposition called it a “land gift” to Adani and demanded the deal be scrapped. The Bihar government rejected the claims, clarifying that a transparent bidding process was followed where four companies participated, and Adani Power won by quoting the lowest tariff of ₹6.075 per unit. Government officials argue the project will bring jobs, investment, and power to the region, but critics say it highlights crony capitalism and raises serious concerns about environmental impact, public interest, and fairness in resource allocation. #AdaniGroup #BiharPolitics #Pirpainti #Bhagalpur #ThermalPowerPlant #LandAllotment #EnvironmentalConcerns #CronyCapitalism #BJP #Congress #PawanKhera #NitishMishra #PoliticalStorm #ResourceAllocation #GreenIndia #DeforestationAlert #PublicInterest #InvestmentVsEnvironment #News #newsone
