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Adani Group stocks fall nearly 5 percent over DRI, SEBI probe over compliance

Shares of Adani Group Companies fell as much as 5 percent on Monday as the Directorate of Revenue Intelligence (DRI) and market regulator Securities and Exchange Board of India (SEBI) are probing some of its entities for non-compliance with rules.

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Gautam Adani

Shares of Adani Group Companies fell as much as 5 percent on Monday as the Directorate of Revenue Intelligence (DRI) and market regulator Securities and Exchange Board of India (SEBI) are probing some of its entities for non-compliance with rules.

Today, the Minister of State for Finance Pankaj Chaudhary has informed the Parliament that several companies belonging to the Adani group remain under the scanner of the market regulators. However, he did not tell when the investigation was launched, and the name of the companies which were involved.

Chaudhary said SEBI is investigating some Adani NSE -1.07 % Group companies with regard to compliance with SEBI Regulations. Further, the DRI is investigating certain entities belonging to the Adani Group, he added.

The government, meanwhile, has clarified that the Enforcement Directorate was not carrying out any investigation into the Adani Group.

Following the development, stocks of Adani Group companies, which operate airports and ports, coal and gas trading, power generation, and transmission, have tumbled by more than 2-5 percent each. The shares of the listed companies- Adani Green Energy, Adani Transmission, Adani Ports, Adani Power, and others closed between 1.1%-4.8% lower today. The Adani enterprises, the listed entity of Gautam Adani’s empire, fell over 2.40 percent. 

Read Also: Suvendu Adhikari says overconfident Bengal BJP leaders reason for poll loss

Last month, the stocks of companies recorded their biggest-ever declines after a report released on June 14 suggested that three FPI accounts of Mauritius-based foreign investors in Adani companies were frozen by the National Securities Depository Limited (NSDL). Following this, their shares tanked sharply by 12.9-44.9 percent, cumulatively losing over $37.6 billion in four weeks even after Adani rejected the report as blatantly erroneous.

Meanwhile, the spokesperson of the Adani group has not yet commented on the new development.

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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PM Modi marks Operation Sindoor anniversary, calls it India’s firm stand against terrorism

PM Modi said Operation Sindoor showcased India’s firm response against terrorism while paying tribute to the armed forces on the operation’s first anniversary.

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PM Modi

Prime Minister Narendra Modi on Thursday said Operation Sindoor demonstrated India’s firm response against terrorism and highlighted the country’s commitment to national security.

Marking one year of the operation, the Prime Minister praised the courage, precision and professionalism of the Indian armed forces. He said the military action was carried out in response to the Pahalgam terror attack that had claimed the lives of 26 civilians in 2025.

Operation Sindoor was launched on May 7, 2025, as a calibrated tri-services operation targeting terror infrastructure linked to cross-border terrorism. Reports said the operation showcased coordinated action by the armed forces and was seen as a major counter-terror response by India.

On the anniversary of the operation, PM Modi also changed the display pictures across his social media platforms, including X, Facebook, Instagram and WhatsApp. The image carried the text “Operation Sindoor” along with the Indian tricolour design.

The Indian Air Force also shared visuals and messages recalling the operation and highlighting India’s military response. A video released by the force described the operation as a strong message against terrorism and referred to the precision strikes carried out during the mission.

Operation Sindoor was launched following the Pahalgam terror attack, after which India carried out strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, according to official statements and reports published at the time.

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Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

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Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

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