Gautam Adani suffers second-biggest wealth decline after Elon Musk, faces US fraud charges
Feb 21, 2025, at 07:28 pm
Gautam Adani, chairman of the Adani Group, has recorded the second-largest decline in wealth this year, trailing only Tesla founder Elon Musk, according to the Bloomberg Billionaires Index.
Adani Power to fully restore supply to Bangladesh: Report
Feb 15, 2025, at 12:11 am
Adani Power has agreed to resume full electricity supply from its 1,600 MW plant in India to Bangladesh within days, ending a three-month partial shutdown, Reuters report.
Adani Infra seeks CCI nod for majority stake in PSP Projects
Jan 23, 2025, at 10:06 pm
New Delhi: Adani Infra, led by billionaire Gautam Adani, has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in PSP Projects Ltd, PTI reported.
Adani Energy secures Rs 25,000 cr HVDC project, its largest contract yet
Jan 21, 2025, at 08:51 pm
New Delhi: Adani Energy Solutions Ltd (AESL), India’s leading private transmission and distribution company, has clinched its largest-ever contract worth Rs 25,000 crore for the Bhadla (Rajasthan) to Fatehpur (Uttar Pradesh) High Voltage Direct Current (HVDC) transmission project.
Adani Group in advanced talks to acquire Emaar India for up to Rs 5,000 cr
Jan 15, 2025, at 03:54 pm
Mumbai: The Adani Group is reportedly in advanced discussions with Dubai-based Emaar Properties to acquire a majority stake in its Indian subsidiary, Emaar India, for an estimated Rs 4,000-5,000 crore.
Adani Ports ranks among global top 10 for corporate sustainability
Jan 08, 2025, at 09:44 pm
Mumbai: Adani Ports and Special Economic Zone (APSEZ) has earned a spot in the global top 10 transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA) rankings, the company announced.
Dec 27, 2024, at 12:22 am
New Delhi/IBNS: Adani Group Chairman Gautam Adani Thursday condoled the death of former Indian Prime Minister Manmohan Singh, and described him as "a rare leader who spoke softly but achieved monumental strides through his actions."
JP Morgan gives 'overweight' rating to Adani Group bonds
Dec 07, 2024, at 03:17 am
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress, mdia reports said.
Adani CFO denies U.S. bribery allegations, says accused will respond within 10 days
Nov 30, 2024, at 04:12 am
Mumbai: Dismissing allegations of a $265 million bribery scheme by U.S. authorities against the Adani Group's executives, including Chairman Gautam Adani,conglomerate's Chief Financial Officer Jugeshinder Singh Friday stated that the individuals implicated would respond to the claims within 10 days, Reuters reported.
Israel expresses support for Adani Group amid US indictments over bribery allegations
Nov 29, 2024, at 05:38 am
New Delhi: Israel has reaffirmed its support for the Adani Group despite allegations of bribery against its founder in the United States.
Nov 28, 2024, at 02:02 am
New Delhi: Senior lawyer and former Attorney General of India Mukul Rohatgi refuted allegations against the Adani Group, stating that its founder chairman, Gautam Adani, and his nephew, Sagar Adani, have not been accused of bribery or obstructing justice in the US, media reports said.
Adani Wilmar said to postpone stake sale following US bribery allegations: Report
Nov 26, 2024, at 11:38 pm
Mumbai/IBNS: Adani Enterprises Ltd. and Wilmar International Ltd. have reportedly postponed plans to sell at least 12 percent of their stake in Adani Wilmar Ltd., their Indian food venture, following a US bribery indictment involving billionaire founder Gautam Adani, Bloomberg reported, citing sources familiar with the matter.
After US fraud indictments over bribery allegations, Adani Group faces global fallout
Nov 23, 2024, at 06:03 pm
Mumbai: Gautam Adani, chairman of the Adani Group, has been indicted by U.S. prosecutors, along with seven others, for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to Indian officials to secure solar power contracts across four states and a union territory.
Adani Group faces potential funding challenges after US bribery indictment
Nov 23, 2024, at 02:56 am
New York: Gautam Adani’s conglomerate is staring at a possible funding crunch after a US arrest warrant was issued against the billionaire founder over an alleged $265 million bribery scheme, according to a Reuters report.
Kenya cancels Adani airport and energy deals following US bribery indictment: Report
Nov 22, 2024, at 05:49 am
Nairobi: Kenyan President William Ruto announced on Thursday the cancellation of multimillion-dollar airport and energy deals with Indian tycoon Gautam Adani, following US bribery and fraud indictments against the billionaire, according to the Associated Press.
Why is US probing Gautam Adani over allegations of bribery in India?
Nov 21, 2024, at 11:34 pm
Mumbai: Adani Group chairman Gautam Adani, along with seven others, has been indicted by U.S. prosecutors for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to officials in India to secure solar power contracts across four states and one union territory.
'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani
Nov 21, 2024, at 08:16 pm
New Delhi/IBNS: The Adani Group has denied the charges of bribery and fraud brought against its chairman, billionaire Gautam Adani, by the US Department of Justice and the US Securities and Exchange Commission.
Adani Group stocks plunge up to 20% after Gautam Adani charged with bribery and fraud in the US
Nov 21, 2024, at 06:22 pm
Mumbai/IBNS: Shares of Adani Group companies plummeted by up to 20 percent on Thursday (Nov. 21) following allegations against Gautam Adani and seven others in the United States for orchestrating a multibillion-dollar bribery and fraud scheme.
Adani Group delays $1.5 billion worth 20-year Green Bond sale as investors bid at higher yields
Oct 16, 2024, at 10:53 pm
Ahmedabad/IBNS: The Gautam Adani-led conglomerate Adani Group decided to delay a planned sale of 20-year green dollar bonds on Tuesday (Oct. 15), despite marketing the deal to investors earlier in the day, reports Bloomberg.
Adani Enterprises launches QIP to raise at floor price Rs 3117.47 per share
Oct 10, 2024, at 04:13 am
Mumbai: Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani's conglomerate, launched its Qualified Institutional Placement (QIP) on Wednesday, setting the floor price for the issue at Rs 3,117.4750 per equity share, reflecting a 1.2% discount to the day’s closing price, reported Moneycontrol.
Adani Group to supply clean energy for Google's cloud operations in India
Oct 04, 2024, at 10:26 pm
Mumbai: Adani Group announced it will supply clean energy to power Google's cloud services and operations in India, leveraging a new solar-wind hybrid project at its 30 GW Khavda renewable energy park in Gujarat, media reports said.
Sep 13, 2024, at 09:11 pm
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
'Threat to national security': Congress red flags Adani Group's investment in China
Sep 10, 2024, at 10:40 pm
New Delhi: The Congress party on Tuesday raised concerns over the Adani Group's decision to set up a subsidiary in China for project management services, claiming that this move could endanger India's national security and territorial integrity, media reports said.
Elon Musk may become the world's first trillionaire, followed by Gautam Adani, says report
Sep 10, 2024, at 07:22 pm
London/IBNS: Elon Musk, with a net worth of about $237 billion as of September 9, 2024, on the Bloomberg Billionaires Index, is on course to become the world's first trillionaire by 2027, according to a report by Informa Connect Academy.
Sep 06, 2024, at 10:16 pm
New Delhi: The Adani Group has reassured Bangladesh of a continuous power supply, even though its outstanding receivables have exceeded $800 million, according to sources cited by Moneycontrol.
Adani Ports acquires 80% stake in global OSV operator Astro Offshore for USD 185 million
Aug 31, 2024, at 03:25 am
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) is set to acquire an 80 percent stake in Astro, a global offshore service vehicle operator, in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x, said a company press release.
Move over Beijing, Mumbai is the new capital of Asian billionaires: Hurun India Rich List 2024
Aug 30, 2024, at 08:11 pm
India's financial lifeline Mumbai has beaten China's Beijing to become the billionaire capital of Asia, according to the Hurun India Rich List 2024.
Gautam Adani replaces Mukesh Ambani to become India's richest person: Hurun India Rich List
Aug 29, 2024, at 11:33 pm
New Delhi: Gautam Adani and his family have claimed the top position in the 2024 Hurun India Rich List, with a Rs 11.6 lakh crore fortune, overtaking Mukesh Ambani.
2.76% equity of Ambuja Cements changes hands at Rs 625.5 per share
Aug 23, 2024, at 06:50 pm
Mumbai/IBNS: As many as 6.8 crore shares, or 2.76 percent equity, of Indian cement production major Ambuja Cements changed hands in the block deal window on Friday (August 23), reports said.
SEBI Chief rubbishes Hindenburg Report: 'Attempt at character assassination'
Aug 11, 2024, at 06:58 pm
Mumbai: SEBI Chairman Madhabi Puri Buch and her husband Dhaval Buch have firmly dismissed the latest report from Hindenburg Research, labelling it as "baseless allegations and insinuations."