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.
Sri Lanka asks Adani to lower tariff in $442 million wind power projects amid scrutiny
Jan 28, 2025, at 05:40 pm
The Sri Lankan government has initiated discussions with India's Adani Group to reduce power tariffs for two wind power projects planned in the island nation’s northern province, Cabinet Spokesman and Health and Media Minister Nalinda Jayatissa said on Tuesday, reported Reuters.
Sri Lanka annuls Adani power purchase deal over corruption allegations: Report
Jan 24, 2025, at 05:02 pm
Columbo: Sri Lanka has annulled a power purchase agreement with India's Adani Group amid corruption allegations, according to sources in the country’s energy ministry, reported Agence France-Presse (AFP) on Friday.
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 group faces DoT scrutiny over delayed 5G rollout and compliance issues
Jan 14, 2025, at 07:33 pm
New Delhi: The Adani Group is reportedly under investigation by the Department of Telecommunications (DoT) for failing to meet its 5G rollout obligations over two years after obtaining a unified telecom licence.
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.
Adani to acquire 85.8% stake in Air Works for Rs 400 crore
Dec 23, 2024, at 07:53 pm
New Delhi: The Adani Group announced on Monday its plan to acquire aviation maintenance, repair, and overhaul (MRO) firm Air Works for an enterprise value of Rs 400 crore, media reports said.
Adani Group stocks surge, adding Rs 27,000 cr to investor wealth: Report
Dec 12, 2024, at 08:39 pm
New Delhi: Adani Group stocks witnessed a substantial rise, contributing nearly Rs 27,000 crore to investors' wealth as most shares gained in morning trade, media reports said.
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 Group assures liquidity to meet debt obligations amid legal challenges
Nov 25, 2024, at 10:28 pm
Ahmedabad/IBNS: Adani Group has reassured investors that its listed companies have sufficient cash reserves to meet debt obligations for the next 12 months.
Adani Group reports record Rs 5 lakh crore asset base with robust growth
Nov 25, 2024, at 10:24 pm
Ahmedabad/IBNS: The Adani Group has demonstrated robust financial health and consistent growth, as highlighted in its H1 FY25 and Trailing-Twelve-Month (TTM) results.
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.
Sensex surges over 1,000 points as Adani Group stocks stage strong rebound
Nov 22, 2024, at 08:08 pm
Mumbai/IBNS: India’s stock market saw a robust recovery on Friday (Nov. 22), with benchmark indices rallying significantly during intraday trade.
'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 to build Mumbai’s largest international convention centre
Nov 20, 2024, at 10:58 pm
New Delhi: The Adani Group plans to invest around $2 billion to develop Mumbai’s largest international convention centre (ICC) near the international airport it operates, according to a report by Livemint.
Adani Infra to buy 30% stake in construction firm PSP Projects in Rs 6.85 billion deal
Nov 20, 2024, at 03:46 am
Adani Infra, a subsidiary of Gautam Adani's flagship Adani Enterprises, will buy a 30.07% stake in construction firm PSP Projects for Rs 6.85 billion ($81.2 million), Reuters reported, citing a company announcement by the latter.
Adani Group gets SEBI notice over allegations of misclassifying certain investors
Oct 23, 2024, at 04:11 am
Mumbai: The Securities and Exchange Board of India (SEBI ) has issued a notice to the Adani Group over allegations of misclassifying certain investors as public shareholders, as disclosed by Adani Energy Solutions in its September quarter results filed on Tuesday, October 22, media reports said.
Adani Group's Ambuja Cements to acquire 47% stake in Orient Cement for Rs 8,100 crore
Oct 22, 2024, at 08:31 pm
Ahmedabad/IBNS: Ambuja Cements, a subsidiary of the Adani Group, announced on Tuesday (Oct. 22) the signing of a binding agreement to acquire Orient Cement Ltd (OCL) for Rs 8,100 crore.
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.
Oct 07, 2024, at 09:17 pm
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group is in talks to acquire the company, along with Zuari Cement, from its German parent firm.
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.
Adani Enterprises merges two subsidiaries to bolster green energy initiatives
Oct 03, 2024, at 03:35 am
Mumbai: Adani Enterprises Ltd. (AEL) has consolidated two of its subsidiaries with Adani New Industries Ltd. (ANIL) as part of its strategy to enhance its green energy portfolio.
Adani Group clarifies it did not release any press release on 'Kenya projects'
Sep 16, 2024, at 09:59 pm
India's Adani Group on Monday clarified it has not issued any press statement on its ongoing projects and presence in Kenya.
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.