Adani CFO denies U.S. bribery allegations, says accused will respond within 10 days
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
New Delhi: Israel has reaffirmed its support for the Adani Group despite allegations of bribery against its founder in the United States.
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
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
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
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
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
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
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
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
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
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
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
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.
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.