The Securities and Exchange Board of India (SEBI) has settled adjudication proceedings against five Adani group companies for a combined ₹1.51 crore over alleged disclosure and compliance lapses. According to reports from The Hindu BusinessLine and Rediff Moneynews, Adani Enterprises paid ₹76.05 lakh, Adani Green Energy contributed ₹45.50 lakh, while Adani Total Gas, AWL Agri Business and Adani Energy Solutions each paid ₹9.75 lakh. The settlement order, passed by SEBI's Adjudicating Officer Jai Sebastian on September 22, 2026, covers issues including related-party transaction (RPT) disclosure and audit reports signed by firms without valid peer-review certificates. The proceedings followed SEBI's examination of allegations highlighted in the Hindenburg Report and possible violations of Sebi Listing Obligations and Disclosure Requirements (LODR) Regulations. The companies settled the proceedings without admitting or denying the findings of fact and conclusions of law, covering allegations including related-party transactions between Adani Estates Private Ltd and Vakoder Investment Ltd that were not disclosed in the annual report for FY2013 as required under applicable accounting standards. SEBI disclosed the resolution in a settlement order issued on Tuesday, bringing closure to multiple regulatory cases that followed the fallout from the Hindenburg Report's wide-ranging allegations about the group.
The Board of Directors of IRB Infrastructure has given in-principle approval to monetise its non-core assets through strategic development initiatives. As reported by The Hindu BusinessLine, the company will undertake phased development of land parcels of around 350 acres out of total 1,100 acres owned by Aryan Infrastructure Developers Limited at Taje and Pimpaloli, Pune. Additionally, the company will redevelop and rehabilitate part of land parcels of approximately 3,500 sq. metres owned by Ideal Road Builders Private Limited at Chandivali, Mumbai. IRB Infrastructure Developers share price opened at ₹18.32 against its previous close of ₹17.98 and rose by 3.5% to an intraday high of ₹18.61, reflecting positive market response to the asset monetisation announcement.
RailTel Corporation of India Ltd has received a significant work order from Uttar Pradesh University of Medical Sciences with an order value of ₹14.09 crore (including tax). According to reports from The Hindu BusinessLine, this contract represents a substantial addition to the company's project portfolio in the medical sciences sector. The order demonstrates RailTel's continued expansion in the healthcare infrastructure segment.
Persistent Systems has successfully crossed the minimum threshold in its public takeover bid for German digital engineering firm Nagarro SE, accumulating an 83.25% stake. As reported by The Hindu BusinessLine, under German takeover laws, remaining minority shareholders can tender their holdings during an additional window from September 23 to October 6, 2026, at the initial cash price of EUR 81 per share. The IT firm intends to take Nagarro SE private by initiating delisting procedures from the Frankfurt Stock Exchange's Prime Standard.
Aashish Agarwal, former Managing Director and India Head of Jefferies, has joined 360 ONE WAM Group as Chief Executive Officer, marking a significant leadership transition. According to reports from The Hindu BusinessLine, under the new structure, Karan Bhagat, currently Managing Director & CEO, will become Vice-Chairman while continuing as Managing Director, focusing on strategy, capital allocation and key client relationships. Yatin Shah will continue to lead the wealth management business. 360 ONE manages over ₹7.8 lakh crore in assets and serves more than 8,900 families, corporates and institutions.
