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New Delhi: Former Attorney General and Senior Counsel Mukul Rohatgi on Wednesday criticised the indictment by a US court alleging bribery charges against the Adani Group, describing it as “completely silent” and lacking specifics. His comments followed a recent filing by Adani Green Energy Ltd. (AGEL) with the stock exchanges confirming that Adani Group Chairman…
New Delhi: Trouble further mounted on the Adani Group after ratings agency Moody’s downgraded the rating outlook of seven Adani companies from stable to negative. “We have changed the outlook on all seven issuers to negative from stable,” said Moody’s. “Moody’s said on Tuesday that it had cut the outlook on the ratings of seven…
New Delhi: Shares of six Adani group firms bounced back on Friday from the previous day’s sharp drubbing, in tandem with a bull rally in the equity market wherein the BSE benchmark Sensex zoomed 1,961 points. The stock of Ambuja Cements jumped 3.50 per cent, ACC climbed 3.17 per cent, the group’s flagship firm Adani…
Washington: The White House has said it is aware of the allegations against Indian billionaire Gautam Adani, chairman of Adani Group, who was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme. Addressing reporters during her daily briefing, White House Press Secretary Karine Jean-Pierre expressed confidence that Indian and…
New Delhi: Kenyan President Willian Ruto has taken a strong stance on major projects involving the Adani Group. On Thursday, he announced the suspension of the procurement process for expanding Kenya’s main airport, which included a proposal from the Adani Group. Ruto also revealed the cancellation of a 736-million dollars, 30-year public-private partnership deal with…
After a US District Court in New York charged Adani Group Chairman Gautam Adani, linking him and others to an alleged bribery and fraud scheme, Congress leader Rahul Gandhi on Thursday said that Adani has violated both Indian and American law and committed a scam worth approximately Rs 2000 Crore. Lok Sabha LoP also criticised…
The BJP launched a sharp counterattack against the Congress Thursday after US prosecutors charged industrialist Gautam Adani and others with bribery and fraud, pointing out that the states named in the indictment were governed by opposition parties at the time of the alleged offenses. BJP Questions Opposition’s Role The BJP IT cell head, Amit Malviya,…
New Delhi: International rating agency Moody’s has said that US prosecutors’ indictment of 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. “The indictment of Adani Group’s…
New Delhi: As Adani Group Chairman Gautam Adani found himself embroiled in a USD 250 million bribery case by US Prosecutors, the company’s stocks came massively falling on Indian bourses. Shares of Adani Group of companies saw a decline of between 10 and 20 percent on Thursday (November 21). Adani Energy Solutions stock came down…
New Delhi: Yet another blow was dealt to Gautam Adani, as the billionaire Indian businessman was charged by US Prosecutors with defrauding investors, hiding plan to bribe Indian officials 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…