Tag: Adani Group

U.S. indictment will squeeze Adani in its negotiation with Bangladesh

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U.S. indictment will squeeze Adani in its negotiation with Bangladesh

Adani Power, a part of the Adani conglomerate, had started supplying power to Bangladesh in April 2023. File  | Photo Credit: Reuters Indictment of Gautam Adani and several top officials of the Adani conglomerate in the U.S. may become a factor in future negotiations between the Adani Group and the interim government in Bangladesh, energy…

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World

Gautam Adani faces five-count criminal indictment in U.S. for bribery, security fraud

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Gautam Adani faces five-count criminal indictment in U.S. for bribery, security fraud

Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit…

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Business

Gautam Adani Bribery case: Indian billionaire faces five-count criminal indictment in U.S. for bribery, security fraud

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Gautam Adani Bribery case: Indian billionaire faces five-count criminal indictment in U.S. for bribery, security fraud

Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit…

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Business

BJP vs Congress On US Government Department Move Against Adani Group

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BJP vs Congress On US Government Department Move Against Adani Group

BJP’s Amit Malviya has poked holes in the Opposition attack New Delhi: A US government department’s allegations against the Adani Group , which have been junked by the conglomerate, have set off a political war of words between the ruling BJP and the opposition. As Congress leader Rahul Gandhi reiterated his allegations of collusion between…

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Nation

Adani Stocks Today: Sensex, and Nifty tumble in early trade amid sharp fall in Adani group stocks

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Adani Stocks Today: Sensex, and Nifty tumble in early trade amid sharp fall in Adani group stocks

The logo of the Adani Group. | Photo Credit: Reuters Stocks of Gautam Adani’s seven listed companies on the bourses crashed on opening after the New York Eastern district court indicted Gautam Adani, Sagar Adani, Vineet S. Jain and their associates and bribery and securities fraud on Thursday (November 21, 2024). Adani Energy Solutionns fell…

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Business

Gautam Adani Commits $10 Billion To Energy, Resilient Infra Projects In US

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Gautam Adani Commits Billion To Energy, Resilient Infra Projects In US

Adani Group Chairman Gautam Adani said the group will invest $10 billion in the US New Delhi: Adani Group Chairman Gautam Adani today said the Group will invest $10 billion in US energy security and infrastructure projects, aiming to create up to 15,000 jobs in America. Acknowledging the deepening partnership between India and the US,…

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Nation

Andhra Chief Minister N Chandrababu Naidu Meets Adani Group Delegation Over Investment In State

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Andhra Chief Minister N Chandrababu Naidu Meets Adani Group Delegation Over Investment In State

Amravati: Andhra Pradesh Chief Minister Chandrababu Naidu met with a delegation from the Adani Group to discuss investment opportunities in the state on Monday. Taking to social media platform X, Chief Minister Naidu stated, “Met with a delegation from the Adani Group led by the MD of Adani Exports Ltd., Rajesh Adani, and the MD…

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Nation

Adani Enterprises’ Q2 Net Profit Rises 664% To Rs 1,741 Crore

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Adani Enterprises’ Q2 Net Profit Rises 664% To Rs 1,741 Crore

Adani Enterprises has recorded its highest half-yearly EBITDA of Rs 8,654 crore. Ahmedabad: Adani Enterprises, the flagship entity of Adani Group, on Tuesday reported that its net profits during the July-September quarter rose 664 per cent to Rs 1,741 crore. In the year 2023, it was at Rs 228 crore. So far in the two…

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Nation

CK Birla Group to sell Orient Cement to Adani Group at ₹8100 crore equity value

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CK Birla Group to sell Orient Cement to Adani Group at ₹8100 crore equity value

Ambuja Cement | Photo Credit: Reuters The CK Birla Group on Tuesday (October 22, 2024) signed definitive agreements with Ambuja Cements, part of the Adani Group, to transfer its entire shareholding in Orient Cement Limited, valuing the company at an equity value of ₹8100 crore (USD 964 million) at an equity value of INR 395.4…

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Business

Adani Enterprises Raises $500 Million Primary Equity To Further Its Growth Plans

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Adani Enterprises’ Q2 Net Profit Rises 664% To Rs 1,741 Crore

AEL’s current incubation portfolio includes airports and roads in the transport and logistics sector. Ahmedabad: Adani Enterprises Limited (AEL) on Thursday said it has completed the qualified institutional placement (QIP) of equity shares of face value of Rs 1 each of AEL (“Equity Shares”) aggregating to approximately Rs 4,200 crores ($500 million). According to Adani,…

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