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Gautam Adani

Adani Group Firms See Rs 27,000 Crore Surge in Investors’ Wealth, Stocks Rise 9%

Adani Group Firms See Rs 27,000 Crore Surge in Investors’ Wealth, Stocks Rise 9%

12 Dec 2024

Adani Group companies' stocks have added nearly ₹ 27,000 crore to investors' wealth, with most stocks gaining in trading this morning. The market capitalisation of Adani Group firms rose ₹ 26,894.46 crore to ₹ 13.55 lakh crore at 11.03 am. Adani Group Stocks Rise 9% The Adani Group companies' stocks...

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Adani Ports Withdraws $553M US Loan for Colombo Project

Adani Ports Withdraws $553M US Loan for Colombo Project

11 Dec 2024

Adani Ports and Special Economic Zone (APSEZ), owned by billionaire Gautam Adani, has withdrawn from a $553 million loan agreement with the US International Development Finance Corporation (DFC). This loan was meant to fund the development of a port terminal in Colombo, Sri Lanka. Reports from sources confirmed this move....

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WATCH | Gautam Adani Responds To US Fraud Charges: “Every Attack Makes Us Stronger”

WATCH | Gautam Adani Responds To US Fraud Charges: “Every Attack Makes Us Stronger”

01 Dec 2024

Adani Group Chairman Gautam Adani addressed allegations of corruption and fraud filed by US prosecutors, emphasizing his company’s commitment to compliance and resilience. Speaking at the 51st Gems and Jewellery Award in Jaipur, Adani declared: “Every attack makes us stronger, and every obstacle becomes a stepping stone for a more...

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Winter Session of the Parliament Adjourned After Opposition Demands Answers on Adani Bribery Charges & Bonds Prices

Winter Session of the Parliament Adjourned After Opposition Demands Answers on Adani Bribery Charges & Bonds Prices

25 Nov 2024

The winter session of parliament was put on hold on Monday after Opposition leaders demanded discussion on United States $265 million bribery charges against India’s conglomerate Adani Group’s seven members, including chairman, Gautam Adani. Due to this Adani dollar bond prices fell to one-year low as investor and lenders weighed...

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SEBI Probes Adani Bribery Disclosures

SEBI Probes Adani Bribery Disclosures

22 Nov 2024

India's Securities and Exchange Board (SEBI) is scrutinizing Adani Green Energy Ltd. for potential disclosure lapses concerning a U.S. Department of Justice (DOJ) bribery investigation. The probe focuses on whether Adani Green adequately informed investors about the DOJ's inquiry, especially regarding the involvement of individuals associated with the Adani Group....

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Adani Group Coal Unit Faces Racism And Human Rights Allegations In Australia

Adani Group Coal Unit Faces Racism And Human Rights Allegations In Australia

22 Nov 2024

Adani Group, already under scrutiny after US prosecutors indicted its chairman Gautam Adani for fraud, is now facing new set of accusations of racism linked to its Australian coal operations. An Aboriginal group in Queensland, the Nagana Yarrbayn Wangan & Jagalingou Cultural Custodians, filed a formal complaint with the Australian...

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Sagar Adani Charged in US Bribery and Fraud Case: Who is He?

Sagar Adani Charged in US Bribery and Fraud Case: Who is He?

22 Nov 2024

Sagar Adani, the nephew of Indian billionaire Gautam Adani, is one of seven defendants charged in a U.S. indictment related to an alleged bribery and fraud scheme. The charges are connected to a renewable energy project in India, where Adani and others are accused of paying bribes to secure contracts....

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Adani Group Denies US ‘Bribery’ Allegations Against Gautam Adani As ‘Baseless’

Adani Group Denies US ‘Bribery’ Allegations Against Gautam Adani As ‘Baseless’

21 Nov 2024

The Adani Group dismissed the accusations made by US prosecutors, claiming that Gautam Adani had paid over $250 million in bribes to Indian officials for favorable government contracts. Adani Group's Statement On Thursday, the Adani Group strongly rejected the charges, calling them "baseless" and denying the allegations made by the...

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Adani Executives Charged In $250m Bribery And Fraud Scheme Targeting US Investors

Adani Executives Charged In $250m Bribery And Fraud Scheme Targeting US Investors

21 Nov 2024

A five-count indictment was unsealed in Brooklyn federal court, charging Gautam S. Adani, Sagar R. Adani, Vneet S. Jaain, and several others in connection with a multi-billion-dollar bribery and fraud scheme. The charges include conspiracy to commit securities and wire fraud, securities fraud, and obstruction of justice, involving US investors...

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Devendra Fadnavis Denies Allegations, Says Gautam Adani Never Attended Their Meetings

Devendra Fadnavis Denies Allegations, Says Gautam Adani Never Attended Their Meetings

15 Nov 2024

Maharashtra Deputy Chief Minister Devendra Fadnavis on Friday rubbished reports that industrialist Gautam Adani was in any discussions about a possible BJP-NCP government formation in the state after the Assembly elections in 2019. This comes after NCP leader Ajit Pawar accused leaders from both the BJP and his own NCP...

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