gautam adani – Artifex.News https://artifex.news Stay Connected. Stay Informed. Sat, 04 Jul 2026 16:42:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png gautam adani – Artifex.News https://artifex.news 32 32 U.S. DoJ says Adani case should never have been brought, urges judge to drop charges permanently https://artifex.news/article71183562-ece/ Sat, 04 Jul 2026 16:42:00 +0000 https://artifex.news/article71183562-ece/ Read More “U.S. DoJ says Adani case should never have been brought, urges judge to drop charges permanently” »

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The U.S. Department of Justice (DoJ) has forcefully defended its decision to abandon the criminal case against Indian billionaire Gautam Adani and seven others, telling a federal judge the prosecution was legally flawed, diplomatically counterproductive and inconsistent with the Trump administration’s enforcement priorities.

In a sharply worded 10-page filing, the DOJ said the case “should have been dropped a year ago — or never brought in the first place,” arguing that the court had only a limited role in reviewing its decision to dismiss charges with prejudice.

Also read: Gautam Adani agrees to $18 million penalty in U.S. bribery case

The filing came after U.S. District Judge Nicholas Garaufis asked the department to explain why it was seeking to permanently dismiss the indictment, calling its earlier motion “terse, bland, and conclusory”.

The DOJ had in 2024 under the Biden administration indicted Adani and others for allegedly being involved in a scheme to bribe Indian government officials to the tune of $250 million and to lie to investors to receive billions more in investments from other entities — during which alleged scheme Adani Green Energy Limited raised at least $175 million from U.S. investors.

The DOJ said requiring prosecutors to publicly justify decisions to drop cases would discourage future dismissals, expose privileged internal deliberations and infringe on the executive branch’s constitutional authority over charging decisions.

“Judicial inquisitions into the bases for dismissal will expose privileged internal debates,” Principal Associate Deputy Attorney General R. Trent McCotter wrote, adding that such a demand hurt defendants by potentially chilling the Department from seeking dismissal of criminal charges it determines are not in the interests of justice.

Also read: U.S. Judge won’t immediately dismiss criminal charges against Gautam Adani

Waiving privilege only for this case, McCotter said he decided to dismiss the charges after months of meetings with defence lawyers, reviewing hundreds of pages of submissions and conducting his own legal analysis. “The decision to seek dismissal was not a close call,” he wrote.

The department cited six overarching reasons for dropping all charges, including that the alleged conduct was overwhelmingly centred in India, Indian authorities had investigated the allegations and found no actionable misconduct, investors suffered no financial losses, key evidence and witnesses were located abroad, the defendants were unlikely to ever appear before a U.S. court, and the prosecution faced significant evidentiary hurdles.

“This is a foreign case,” McCotter wrote.

The indictment is about “several Indians (with maybe a European or two) allegedly trying to bridge other Indians by paying the Indian government via complex Indian rebate programs to get Indian contracts to provide Indian electricity to Indians in India.”

“The United States pretending to be the world police can cause diplomatic strife and also wastes resources better spent on domestic concerns. India can better manage its internal systems than can prosecutors in Brooklyn and Washington,” McCotter wrote.

The filing also argued the criminal securities fraud charges against Gautam Adani, Sagar Adani, and Cyril Cabanes lacked a sound legal basis because the alleged misconduct occurred almost entirely outside the United States and the securities transactions did not satisfy U.S. jurisdictional requirements.

The DOJ said investors had not lost money because the notes at issue had either been fully repaid or continued to be serviced. It also questioned whether statements cited in the indictment amounted to criminal fraud, describing them as largely corporate “platitudes” and “puffery” that sophisticated institutional investors were unlikely to have relied upon.

“The securities charges should never have been brought,” McCotter wrote, adding that at most the allegations warranted civil, rather than criminal, resolution.

The department also said the Foreign Corrupt Practices Act charges no longer aligned with DOJ policy under Deputy Attorney General Todd Blanche’s June 2025 memorandum directing prosecutors to focus on cases involving U.S. national security, transnational criminal organisations, serious misconduct or harm to U.S. companies.

“The alleged conduct did not involve criminal organisations, did not have any effect on US companies, did not in any way implicate national security, was not egregious, and has been the subject of investigations in India,” the filing said. “Under the Blanche Memorandum, the FCPA charges should have been dismissed a year ago.”

McCotter also rejected media reports suggesting the DOJ sought dismissal in exchange for promises of US investment by the Adani Group, calling such claims “false”.

“I would have sought dismissal of the securities charges regardless of any mentions of investments,” he wrote. “The mention of potential investments could not have played any role.”

The department urged the judge to promptly dismiss the case, arguing continued judicial scrutiny only prolonged uncertainty for defendants facing charges the government itself no longer believed should proceed.

“In short, there was absolutely nothing improper with the Department’s as-filed dismissal motion,” McCotter wrote. “The defendants have been held in limbo on charges that should have been dropped a year ago — or never brought in the first place.”

Published – July 04, 2026 10:08 pm IST



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U.S. Judge won’t immediately dismiss criminal charges against Gautam Adani https://artifex.news/article71152026-ece/ Sat, 27 Jun 2026 00:54:00 +0000 https://artifex.news/article71152026-ece/ Read More “U.S. Judge won’t immediately dismiss criminal charges against Gautam Adani” »

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Adani Group has consistently denied wrongdoing. File.
| Photo Credit: Reuters

A U.S. ‌judge on Friday (June 25, 2026) ordered the ​Justice Department ⁠to justify its decision to drop criminal charges against billionaire Gautam Adani, declining to rule ‌immediately on ‌Adani’s ⁠lawyers’ request earlier ⁠in the week to formally dismiss the case.

Mr. Adani was charged ​in ‌2024 with agreeing to bribe Indian government officials so a subsidiary of ‌his Adani Group ​could win approval to develop a solar ⁠plant, and then misleading U.S. investors by ‌providing reassuring information about his company’s anti-corruption practices.

Adani Group has consistently denied wrongdoing. The Justice Department said last ‌month it would no ​longer pursue the prosecution.

Mr. Adani’s lawyers on ⁠Wednesday (June 24, 2026) asked Brooklyn-based U.S. District ⁠Judge Nicholas Garaufis to formally dismiss ‌the case.



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Gautam Adani’s lawyers urge U.S. Judge to dismiss criminal case https://artifex.news/article71143342-ece/ Wed, 24 Jun 2026 19:18:00 +0000 https://artifex.news/article71143342-ece/ Read More “Gautam Adani’s lawyers urge U.S. Judge to dismiss criminal case” »

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Adani Enterprises Limited has ‌separately agreed to pay the U.S. Treasury Department $275 million to settle alleged violations of Iran ​sanctions. File.
| Photo Credit: AP

Lawyers for Gautam Adani on Wednesday (June 24, 2026) urged a U.S. judge to formally dismiss criminal charges against the billionaire, after the Justice Department said last month it would no longer ‌pursue the prosecution.

Mr. Adani was charged in ‌2024 ⁠with agreeing to bribe Indian government officials ⁠so a subsidiary of his Adani Group could win approval to develop a solar plant, and then misleading ​U.S. investors by providing ‌reassuring information about his company’s anti-corruption practices.

In a letter to Brooklyn-based U.S. District Judge Nicholas Garaufis, Mr. Adani’s lawyer, Robert Giuffra, wrote ‌that the case should be dismissed because ​it was beyond the reach of U.S. law and because the prosecutors would ⁠not be able to prove the alleged bribery in India.


Also read | The Adani case explained: solar contracts, U.S. charges and settlement moves

Adani Group has consistently denied ‌wrongdoing.

Mr. Garaufis must sign off on the dismissal of the case.

Mr. Giuffra wrote that the Justice Department’s decision to drop the indictment came after “months of detailed and extensive communications and meetings with counsel” for Mr. Adani ‌and his co-defendants.

Mr. Giuffra also urged Mr. Garaufis to formally ​dismiss civil charges brought by the U.S. Securities and Exchange Commission after the regulator ⁠reached a settlement in which Mr. Adani would pay $6 million ⁠and his nephew, Sagar Adani, would pay $12 million.

Adani Enterprises Limited has ‌separately agreed to pay the U.S. Treasury Department $275 million to settle alleged violations of Iran ​sanctions.



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Adani Group to outsource non-core activities or move to GCCs: Gautam Adani https://artifex.news/article71140805-ece/ Wed, 24 Jun 2026 06:56:00 +0000 https://artifex.news/article71140805-ece/ Read More “Adani Group to outsource non-core activities or move to GCCs: Gautam Adani” »

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The Adani Group is taking three foundational steps to build the organisation that will execute its vision over the next decade, including moving non-core activities to its Global Capacity Centres (GCCs) or third parties, said Chairman Gautam Adani while addressing shareholders at Adani Enterprises Ltd’s Annul General Meeting on Wednesday (June 24, 2026). 

“Firstly, we are simplifying the way we work. We are putting in place a three-layer structure across both our headquarters and our sites to reduce bureaucracy, sharpen accountability and bring decisions closer to execution,” he said. 

“Every role, every process and every layer must add value. Non-core activities will move either to our GCCs or to nominated partners,” he added. 

Second, the Group will change the way it works with contractors. 

“We see them as long-term partners in nation-building. We will build deeper, more stable partnerships where their growth is supported, their margins are protected and their interests are aligned with ours to help us deliver projects with greater speed, quality and ownership,” Mr Adani said. 

Thirdly the Group is placing worker-dignity at the heart of its transformation. 

“Across our own and contractor workforce of nearly 4 lakh people, almost 85% are people who work on the ground at our sites. They are the people who turn our plans into reality. And we are committed to ensuring that every worker is treated with dignity,” he emphasised.

“This means clean living conditions, hygienic food, access to medical support, safe working environments and fair wages paid on time,” he added. 

Commenting on FY 25-26, he said the Group during the year made a record capital investment of more than ₹1.5 lakh crore in hard infrastructure. 

“To put that in perspective, this represented over 30% of India’s total new private-sector capital expenditure for the year,” he said.

“For us, this is more than a financial number. It is a statement of belief and there can be no stronger testimony to our commitment to nation-building than the scale at which we continue to invest in the infrastructure that will power India’s next chapter,” he stated. 

​Stating that the theme of his address this year focuses on — Accelerating Infrastructure, Leveraging Intelligence, he said these were no longer two separate priorities. 

“They are the twin global engines that must shape India’s strength, secure India’s sovereignty and accelerate India’s journey to becoming one of the defining powers of this century,” he said.

The first engine, infrastructure, is the roads, ports, airports, transmission lines, power plants, renewable parks, gas networks, logistics platforms, cement capacity, water systems and industrial ecosystems that make national growth possible, he pointed out.

The second engine, intelligence, is data centres, the use of AI, automation, predictive systems, digital platforms, real-time analytics and machine-led decision support to make every one of these assets more responsive, he stayed. 

“Infrastructure gives a nation muscle. Intelligence gives a nation mastery. And, today, the two are inseparable,” Mr. Adani emphasised.

He said Adani Group is now one of the very few global companies that are “not reacting to the future but are prepared for it.”

“The fact is that we have been positioning for this day for years. We saw early that the world was entering a new era, one where geopolitical faultlines would deepen, supply chains would fragment, and energy security would return as a strategic priority,” he stated.

“We saw that the race for technological leadership and sovereignty would be constrained not by ambition, but by infrastructure,” he added. 

Towards it’s long term vision the Group, he said, would enable India’s infrastructure-led growth, integrate AI with physical assets at scale, support energy security and supply chain resilience and bet on AI amplifying India’s 1.4 billion population into a growth multiplier.

He said the Group is building a data centre platform targeting 3 GW capacity by 2030. Adani Power with a capex of ₹2 lakh crore is targeting 45 GW thermal capacity by FY32. In nuclear energy via Adani Atomic Energy the Group plans 10 GW capacity by 2035.

Published – June 24, 2026 12:26 pm IST



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Adani group cos post record $16-billion capex, all-time high EBITDA of ₹94,834 cr in FY26 https://artifex.news/article71054199-ece/ Tue, 02 Jun 2026 17:26:00 +0000 https://artifex.news/article71054199-ece/ Read More “Adani group cos post record $16-billion capex, all-time high EBITDA of ₹94,834 cr in FY26” »

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Adani group companies reported a record capital expenditure of ₹1.53 lakh crore ($16.1 billion) and an all-time high EBITDA of ₹94,834 crore ($10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.

The investment programme — the largest annual capex undertaken by an Indian corporate group — lifted the portfolio’s gross asset base to ₹7.85 lakh crore ($82.8 billion), with nearly 80% of spending directed towards energy, utilities, transport, and logistics businesses.

Consolidated EBITDA rose 5.6% year-on-year, according to the group’s annual results and credit compendium released on Tuesday (June 2, 2026).

Nearly 80% of FY26 investments were directed toward core infrastructure businesses, including energy, utilities, transport, and logistics, underscoring the group’s continued focus on sectors linked to India’s infrastructure build-out.

The investment cycle comes as several large projects entered operations, including 5.1 GW of renewable energy capacity, battery energy storage systems, Navi Mumbai International Airport, the Guwahati terminal, the Ganga Expressway, and a copper smelter.

The ports-to-energy conglomerate said these assets are expected to contribute more meaningfully to earnings and cash flows FY27 onwards.

Core infrastructure businesses generated ₹82,083 crore of EBITDA during FY26, accounting for 87% of portfolio earnings. The transport segment, led by Adani Ports, recorded the strongest growth, with EBITDA rising 23.2% to ₹25,228 crore. Utility businesses reported EBITDA growth of 4.6% to ₹45,377 crore.

Despite the sharp increase in capital spending, the group maintained net debt-to-EBITDA at 3.3 times, below its stated ceiling of 3.5 times. Cash and cash equivalents stood at ₹55,852 crore at the end of March, equivalent to 15% of gross debt.

Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 17 months.

The group’s average borrowing cost declined to 7.8% in FY26 from 9% two years earlier, supported by rating upgrades across operating companies. Adani said all of its assets now carry domestic credit ratings of A- or higher.

Among key businesses, Adani Green Energy expanded operational renewable capacity by 5.1 GW to 19.3 GW, while Adani Ports handled a record 500.8 million metric tonnes of cargo, up 11% from a year earlier.

Adani Energy Solutions reported an under-construction transmission pipeline worth ₹71,779 crore and crossed 10 million smart meter installations.

Adani Enterprises, the group’s incubator business, raised ₹24,930 crore through a rights issue during the fiscal year under review, while its airports portfolio handled 95.3 million passengers across eight airports.

The results highlight the group’s transition into a new investment phase after years of rapid balance-sheet expansion, with management positioning infrastructure, energy transition and logistics as the primary drivers of future growth.

“FY26 marks an important inflection point for the Adani Portfolio, as group companies began its next phase capex cycle. The scale of capital deployment during the year is comparable to the asset base we had built over our first 25 years, reflecting both the infrastructure opportunity before India and the group’s confidence in its long-term growth trajectory,” according to compendium, which provided an overview of performance and insights into its credit strength and long-term resilience.

Giving operational details, it said renewable energy arm, Adani Green Energy Ltd. saw operational capacity expand by 5.1 GW to 19.3 GW. It had BESS capacity of 1.38 GWh at the end of FY26, now scaled to 3.37 GWh at Khavda in Gujarat — one of the largest single-location deployments.

Electricity transmission company Adani Energy Solutions Ltd had under-construction transmission pipeline of ₹71,779 crore and crossed 1 crore smart meters installation. It has an order book at 2.5 crore as against national opportunity of 10.3 crore.

Adani Power is targeting a capacity of 42 GW by FY32, with 23.7 GW already locked-in vs current 18.2 GW.

Adani Ports & SEZ Ltd handled 11 per cent more cargo at 500.8 million tonnes. It completed acquisition of NQXT Australia (50 milion tonnes capacity) in December 2025.

Ambuja Cements completed acquisition of Orient Cement, strengthening market position. Cement sales volumes rose 16.1% to 73.7 million tonnes in FY26.

Headquartered in Ahmedabad, the Adani Portfolio is the country’s largest and fastest-growing platform of diversified infrastructure businesses, spanning energy and utilities, transport and logistics, metals and materials, and consumer sectors.

Published – June 02, 2026 10:56 pm IST



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U.S. Justice Department drops all charges against Gautam Adani; case closed permanently https://artifex.news/article70995324-ece/ Mon, 18 May 2026 17:08:00 +0000 https://artifex.news/article70995324-ece/ Read More “U.S. Justice Department drops all charges against Gautam Adani; case closed permanently” »

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The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing the high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations.

With this, multiple U.S. regulatory and legal investigations involving the group have all closed in the last couple of days.

Last week, the U.S. Securities and Exchange Commission settled civil allegations against the two men tied to disclosures made to investors in connection with solar energy projects in India. Court filings showed Gautam Adani agreed to pay $6 million and Sagar Adani $12 million, without admitting or denying wrongdoing.

Thereafter, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) settled allegations of the Adani Group violating U.S. sanctions on Iran in LPG imports. This followed the Indian conglomerate agreeing to pay $275 million while extending “extensive cooperation” with the investigation and making “proactive” disclosures.

Now, the U.S. prosecutors at the Eastern District of New York dropped all charges against Gautam Adani and his nephew, Sagar Adani.

In a filing before the court, the U.S. Department of Justice requested the dismissal of the indictment against the Adanis with prejudice.

“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants,” it said.

Thereafter, the court ordered that the indictment against Adani and others “be dismissed with prejudice”.

The closure marks a dramatic turn in a case that had threatened to disrupt the Adani Group’s global expansion plans. The SEC and DOJ cases, filed in late 2024, alleged the Adanis orchestrated a $265 million bribery scheme involving Indian officials to secure solar power contracts and concealed the arrangement from U.S. investors and lenders while raising capital.

The dismissal was “with prejudice”, preventing the case from being reopened.

Such dismissals are uncommon in U.S. criminal proceedings and typically reflect a determination that pursuing the case is no longer warranted after extensive review.

The case turned in Adani’s favour after prosecutors found no clear U.S. linkages and insufficient evidence to sustain the allegations, according to people familiar with the matter.

The anticipated decision follows months of aggressive engagement between U.S. prosecutors and a formidable legal team assembled by the Adanis.

Five American legal counsel from Sullivan & Cromwell, alongside Nixon Peabody, Hecker Fink, Norton Rose Fulbright and Bracewell, made a series of submissions and presentations to U.S. authorities as part of the review process. The review failed to produce findings capable of sustaining charges against Gautam and Sagar Adani, prompting the DoJ to move towards dismissal.

In submissions disclosed publicly on April 7, 2026, before the United States District Court for the Eastern District of New York, Adani’s lawyers mounted a forceful challenge to the U.S. SEC’s fraud-related proceedings, calling them an “impermissibly extraterritorial application” of U.S. securities laws. The defence argued the case involved “Indian Defendants, an Indian issuer”, securities not traded on U.S. exchanges and alleged conduct occurring “exclusively in India”.

The filings stated the SEC “lacked necessary jurisdiction”, failed to establish actionable misstatements and could not tie either defendant to the bond offering. The lawyers asserted the SEC had “recast” unviable anti-bribery allegations into securities fraud claims. The submissions noted there were “no investor losses”, all bond obligations were honoured and Gautam Adani “did not authorise the issuance of the bonds”.

The case had faced mounting scrutiny from legal experts over whether prosecutors had stretched securities laws to pursue conduct centred overseas.

Gautam Adani, Sagar Adani and Vneet Jaain were charged only under securities and wire fraud statutes (counts 2, 3 and 4). They were not named in the more serious Foreign Corrupt Practices Act bribery charge or obstruction-related count (counts 1 and 5), which prosecutors brought against other defendants in the wider case.

The Adani Group has consistently rejected the allegations as meritless, defending its governance and compliance standards while pledging to contest the proceedings through legal channels.

That distinction, along with no U.S. linkages, increasingly moulded criticism of the government’s legal approach. Former SEC commissioner Laura Unger argued that authorities had effectively attempted to predicate a securities fraud case on allegations of bribery that had neither been adjudicated nor formally pursued in India.

Published – May 18, 2026 10:38 pm IST



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Gautam Adani, His Wife Offer ‘Chadar’ At Ajmer Sharif Dargah https://artifex.news/gautam-adani-his-wife-offer-chadar-at-ajmer-sharif-dargah-7718818rand29/ Sat, 15 Feb 2025 15:43:04 +0000 https://artifex.news/gautam-adani-his-wife-offer-chadar-at-ajmer-sharif-dargah-7718818rand29/ Read More “Gautam Adani, His Wife Offer ‘Chadar’ At Ajmer Sharif Dargah” »

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Ajmer (Rajasthan):

Adani Group Chairperson Gautam Adani, accompanied by his wife, Priti Adani, visited Ajmer Sharif Dargah in Rajasthan.

They offered “makhmali chadar” and flowers at the revered shrine.

The Adani family was welcomed by Dargah Ajmer Sharif and Chairman Chishty Foundation, Haji Syed Salman Chishty. “He (Gautam Adani) prayed for the whole country,” he said.

The Ajmer Sharif Dargah is considered to be among the holiest Muslim shrines in India and is also a famous landmark in Ajmer.

Khwaja Moin-ud-din Chishti, a Sufi saint from Persia, is enshrined here. In keeping with his secular teachings, its doors are open to people of all faiths and religions.

Made of marble and gold plating, the actual tomb is guarded by a silver railing and a marble screen. During his reign, Emperor Akbar is known to have made a pilgrimage to Ajmer every year. He, as well as Emperor Shah Jahan, built mosques inside the shrine complex.

Minister of Minority Affairs Kiren Rijiju had last month presented a sacred chadar on behalf of Prime Minister Narendra Modi at the revered shrine of Khwaja Moin-ud-din Chishti in Ajmer. The annual Urs commemorates the great Sufi saint, an event symbolizing harmony, spirituality, and devotion.

In conjunction with this solemn presentation, the Minister unveiled several initiatives to enhance the experience and convenience of pilgrims visiting the Dargah. The initiatives included release of the Operations Manual for Urs, the launch of the official Dargah Web Portal, and the introduction of the “Garib Nawaz” App.

The Operations Manual for Urs is a comprehensive guide designed to ensure the effective organization of the event, with detailed protocols for crowd management, security, healthcare, and sustainability.

The Dargah Web Portal and the “Garib Nawaz” App aim to modernize pilgrim services, providing online information about the Dargah, schedules of events, lodging facilities, and other conveniences. These platforms also facilitate transparency and accessibility, aligning with the Government of India’s vision of Digital India.

“The Urs of Khwaja Moinuddin Chishti is a unique occasion that brings people together, transcending boundaries of faith and culture. With these new initiatives, we strive to uphold the sanctity of the event while ensuring a seamless and enriched experience for the devotees,” Rijiju said on the occasion.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)






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Gautam Adani After UP Student Dies By Suicide https://artifex.news/gautam-adani-after-up-student-dies-by-suicide-over-jee-life-bigger-than-exam-7704409rand29/ Thu, 13 Feb 2025 16:55:18 +0000 https://artifex.news/gautam-adani-after-up-student-dies-by-suicide-over-jee-life-bigger-than-exam-7704409rand29/ Read More “Gautam Adani After UP Student Dies By Suicide” »

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New Delhi:

Gautam Adani, the Chairman of the Adani Group, on Thursday said that failure is never the final destination, adding that life always gives a second chance.

He wrote a post on X about an 18-year-old girl in Uttar Pradesh’s Gorakhpur who suicide after failing to clear the JEE exams.

“I have just this request to all of you – never consider failure as the final destination. Because life always gives a second chance…!” the Adani Group Chairman said on X.

Expressing sadness over the death of the student, Mr Adani said: “It is heartbreaking to see a promising daughter go away under the burden of expectations”.

The teen had left a note for her parents stating that she was “sorry” for “not fulfilling their dreams”.

Sharing the lesson of life, he also advised parents to keep pressures away from themselves and their children.

“Life is bigger than any exam – parents will have to understand this themselves and also explain it to their children,” Gautam Adani said.

Further, the Adani Group Chairman also opened up about his personal failures and how he came out of them.

“I was very normal in my studies,” he said, adding that he “failed many times in studies and life”.

“But every time life showed me a new path,” Gautam Adani said.

Meanwhile, to help students fare well in their lives and reduce their exam-related stress, Prime Minister Narendra Modi in the eighth edition of “Pariksha Pe Charcha’ has also discussed mental health and wellbeing.

During the session, the Prime Minister shared valuable lessons on nutrition and wellness; mastering pressure; challenging oneself; the art of leadership; beyond books – 360-degree growth; finding positives and more.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)






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Six U.S. Congressmen write to new Attorney General against Adani’s indictment https://artifex.news/article69205928-ece/ Tue, 11 Feb 2025 08:38:13 +0000 https://artifex.news/article69205928-ece/ Read More “Six U.S. Congressmen write to new Attorney General against Adani’s indictment” »

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As many as six U.S. Congressmen have written to the newly appointed Attorney General of the United States against “questionable” decisions made by the U.S. Department of Justice (DoJ) such as the indictment against the Adani Group in an alleged bribery scam, which “jeopardises the relationship with close ally India”.

Lance Gooden, Pat Fallon, Mike Haridopolos, Brandon Gill, William R. Timmons and Brian Babin on Monday (February 10, 2025) wrote to Pamela Bondi, Attorney General of the U.S. drawing “attention to some questionable decisions made by the DOJ under the Biden administration”.

In November 2024, U.S. prosecutors charged Mr. Adani with participating in a scheme to pay Indian officials over $250 million (about ₹2,100 crore) in bribes in exchange for favourable terms for solar power contracts.

This was concealed from the U.S. banks and investors from whom the Adani group raised billions of dollars for the project, the prosecutors have alleged.

U.S. law allows pursuing foreign corruption allegations if they involve certain links to American investors or markets.

The Adani group, however, has denied the charges.

“Some of these decisions involved selectively pursuing and abandoning cases, often acting against America’s interests at home and abroad, jeopardizing relationships with close allies like India,” the Congressmen said in the joint letter.

India, they said, has been an important ally of the United States for decades. This relationship has flourished beyond politics, trade, and economics by evolving into a continuous socio-cultural exchange between the world’s two largest democracies.

“This historical partnership and continuous dialogue between friends, however, was put at risk due to some unwise decisions by the Biden administration,” they said.

“One such decision involves a questionable pursuit of a case against the Adani group, an Indian company whose executives are situated in India. This case rests on the allegation that preparations were made by members of this company in India to bribe Indian officials, also exclusively located in India.

“Instead of deferring the case to the appropriate Indian authorities, the Biden DOJ decided to push forward and indict the company’s executives without any real injury to US interests being present,” they wrote.

No reason to pursue case

The Congressmen said there was no compelling reason to pursue a case in a manner that could complicate relations with an ally like India unless some external factors were at play.

“This misguided crusade came at the risk of harming our relationship with a strategic geopolitical partner like India immediately preceding President Trump’s return to the Oval Office.

“Considering President Trump’s commitment to revive America’s economic prosperity, our economic relationship with valuable partners from India and abroad works as an important factor in achieving that goal,” they said.

The letter went on to state that needless pursuits against those who have contributed tens of billions and created thousands of jobs deter and discourage investors from contributing to the U.S. economy.

“Considering these factors and the lack of any real injury to U.S. interests, the decision to pursue this indictment demonstrates more harm for America’s interests than good, if any,” it said.

America and India share a sense of mutual respect and appreciation, a sentiment emulated by President Trump and Prime Minister Modi. President Trump has always recognised the true potential of a strong and beneficial relationship between two economic and military superpowers like the US and India. He has diligently worked with the Modi government to forge a strong relationship between our two great nations. Prime Minister Modi has reciprocated these efforts by proving India to be a valuable ally of America in the Asia-Pacific region, especially against the growing threat from China, according to the letter.

“Conversely, politically motivated decisions by agencies steered by left-wing megadonors could quickly erode years of hard work and diplomacy forged by our leaders.

“A fallout in relations not only harms our longstanding partnership with a key ally but greatly benefits adversaries like China in their goal to eliminate the American economy and achieve total global economic control through their Belt and Road Initiative (BRI),” it said.

This selective pursuit by the Biden DOJ, despite knowing the possible outcomes of such a reckless decision, requires a second look, they wrote adding knowing the real considerations guiding this decision will also be a major step in uncovering whether the previous administration was compromised to outside entities over the past four years.

“We request you investigate the Biden DOJ’s conduct and would appreciate you sharing with us all records pertaining to this case, for a coordinated effort in uncovering the truth,” they added.



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US Justice Department Move Against Gautam Adani A “Strategic Blunder”: Report https://artifex.news/us-justice-department-move-against-gautam-adani-a-strategic-blunder-says-forbes-report-7588999rand29/ Wed, 29 Jan 2025 15:06:30 +0000 https://artifex.news/us-justice-department-move-against-gautam-adani-a-strategic-blunder-says-forbes-report-7588999rand29/ Read More “US Justice Department Move Against Gautam Adani A “Strategic Blunder”: Report” »

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New Delhi:

The US Department of Justice’s (DoJ) indictment of billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said.

In an article titled “The US Harms The West’s Alliances With A Far-Flung Indictment In India”, the author, Melik Kaylan, argued that the indictment, which alleges bribery and financial misrepresentation, “risks damaging India-US relations at a time when Washington is actively seeking stronger alliances to counter China’s rising influence”.

The article highlighted that India is a pivotal partner for the West, especially in initiatives like the India-Middle East-Europe Economic Corridor (IMEC) – a transformative infrastructure project designed to rival China’s Belt and Road Initiative (BRI).

The DoJ’s action, however, undermines economic collaboration and trust at a critical juncture, potentially pushing India closer to Russia and China. In doing so, the US inadvertently weakens its own geopolitical positioning, allowing its rivals to strengthen their influence, according to Forbes.

Moreover, the piece argued that this indictment represents another example of Western overreach, where American extraterritorial legal actions disrupt vital global partnerships.

The broader concern is that while the US and Europe undermine their own allies with such moves, their adversaries continue advancing – economically, militarily, and technologically. As the author bluntly puts it, “They must be laughing in Beijing.”

In essence, the DoJ’s action against Mr Adani is not just a legal decision but a diplomatic miscalculation that risks isolating India at a time when its alignment with the West is crucial for global stability, according to the article.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)




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