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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…
The Adani Group has decided to examine the legal course of action to be deployed in this matter. New Delhi: The Adani Group has rejected as baseless the move by a US department to name the group in a case of alleged wrongdoing. The group asserts that these are mere allegations and must be seen…
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…
Congress leader Rahul Gandhi on Monday accused the BJP-led central government of transferring Rs 7 lakh crore worth of projects, including Foxconn and Airbus, from Maharashtra to Gujarat. Speaking ahead of the November 20 Maharashtra assembly elections, Gandhi claimed this shift had cost Maharashtra’s youth countless job opportunities. Describing the elections as a “battle of…
In more trouble for embattled businessman Gautam Adani, Adani Energy Solutions received a show-cause notice from capital market regulator Securities and Exchange board of India (SEBI) this week. The market watchdog has alleged wrongful categorisation of certain investors as public shareholders under its minimum shareholding norms. SEBI’s show-cause notice to Adani Energy Solutions is aligned…