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 Wilmar said to postpone stake sale following US bribery allegations: Report
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
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
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
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?
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
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 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.
Adani Enterprises launches QIP to raise at floor price Rs 3117.47 per share
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
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.
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
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.