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29 Nov 2024

Adani US Bribery Allegation: Indian Govt Not Informed In Advance, Says MEA

In the weekly press briefing, Ministry of External Affairs spokesperson Randhir Jaiswal informed the reporters that there are established procedures and legal avenues in such cases which India believes would be followed.

27 Nov 2024

Former Attorney General Mukul Rohatgi Slams 'Vague' US Indictment

His comments followed a recent filing by Adani Green Energy Ltd. (AGEL) with the stock exchanges confirming that Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain had been cleared of bribery charges by the US Department of Justice (DoJ).

26 Nov 2024

US Bribery Scandal: Moody’s Slashes Rating Outlook On 7 Adani Companies

US prosecutors have indicted Gautam Adani, his nephew Sagar and other defendants for paying over USD 250 million in bribes between 2020 and 2024 to Indian government officials to win solar energy contracts can be Credit Negative for the group companies.

26 Nov 2024

Adani Stocks Put On 'Watch Negative' By Fitch

Fitch cited "heightened corporate governance risks" and potential funding challenges as key drivers for the ratings action. “A conviction or indication of weaknesses in governance practices could significantly pressure the ratings,” Fitch stated.

25 Nov 2024

Adani Portfolio Posts Strong Results, Assets Cross ₹5 Lakh Crore Mark

After adjusting for the non-recurring previous period’s income in Adani Power, the EBITDA growth was at 25.5 per cent for H1 FY25 and 34.3 per cent for TTM, respectively.

24 Nov 2024

Adani Group's 11 Public Firms Not Subject To Any US Indictment: Group CFO

In a post on X, Singh said none of the group’s 11 public companies or their subsidiaries are defendants in the case filed by the US Department of Justice (DoJ), nor are they accused of wrongdoing.

22 Nov 2024

6 Adani Stocks Recover; Adani Green, Adani Energy, 2 Others Under Pressure

Most of the group stock fell during the morning trade after billionaire Gautam Adani was charged by US prosecutors for allegedly being part of a scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts.

22 Nov 2024

S&P Says US Allegations May Renew Questions On Governance Practices At Adani

US prosecutors have charged Adani and seven others including his nephew Sagar, with agreeing to pay about USD 265 million in bribes to Indian government officials to obtain favourable terms for a solar power supply contract.

22 Nov 2024

US Bribery Case: Can Gautam Adani, 7 Others Be Issued Arrest Warrants?

US Attorney Breon Peace has the right to get arrest warrants issued against Adani and seven others indicted and serve them on the nations where they reside.

22 Nov 2024

Majority Of Adani Group Stocks Trade Lower For 2nd Day

Adani group on Thursday denied charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws.

22 Nov 2024

Adani US bribery Case: Kenya Cancels Airport And Energy Deals With Adani Group

President William Ruto in a state of the nation address said the decision was made “based on new information provided by our investigative agencies and partner nations.” He didn't specify the United States.

22 Nov 2024

Gautam Adani Indicted By US: White House Says India-US Ties Strong

Addressing reporters during her daily briefing, White House Press Secretary Karine Jean-Pierre expressed confidence that Indian and the US could navigate the issue without compromising their robust partnership.

21 Nov 2024

Adani Group Denies US Bribery Charge, Says They Are Baseless

Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange of favourable terms for solar power contracts.

21 Nov 2024

Adani US Bribery Charges Credit Negative For Group Companies, Says Moody's

The combined market valuation of all the listed firms eroded by Rs 2.45 lakh crore on Thursday as the company's stocks came massively falling on Indian bourses.

21 Nov 2024

US Bribery Case: Adani Green Energy Postpones Proposed USD Bond Offerings

Adani Chairman Gautam Adani and his accomplices have been charged by US Prosecutors with defrauding investors, hiding plan to bribe Indian officials

21 Nov 2024

Adani US Bribery Case: Congress Calls For JPC Into Adani Group Transactions

There has been no response so far from the office of Gautam Adani or others named in the indictment.

21 Nov 2024

Gautam Adani US Bribery Case: Adani Group Stocks See MASSIVE Crash

Adani Group Stocks Crash: Several Adani Company stocks nosedived, even hitting the lower circuit on November 21.

21 Nov 2024

BIG Blow To Gautam Adani, Billionaire Charged In US With Defrauding Investors

It has been alleged that Adani duped investors by concealing that his company's huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. A five-count criminal indictment has been unsealed in the United States District Court for the Eastern District of New York

04 Nov 2024

Who Is Woman Behind Adani’s Empire? Her Net Worth Will Surprise You!

Success Story: Dr Priti Adani, recognized as one of India’s most notable billionaire spouses, is the wife of Gautam Adani, the country’s second-richest individual. She serves as the Chairperson of the Adani Foundation, one of India’s largest and most impactful organizations within the non-profit sector. With a mission centred on bridging the urban-rural divide, the Adani Foundation undertakes initiatives in education, healthcare, rural development, and sustainable livelihoods. Each year, the foundation reaches over 7.3 million people across 19 states in India, making a significant difference in communities nationwide.

29 Oct 2024

Trouble Mounts Further For Gautam Adani? Sebi Slaps Show Cause Notice

Adani Power said it is in the "process of responding to the regulatory and statutory authorities providing information, responses, documents and/or clarifications, as applicable".

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