Stay Connected. Stay Informed.
“It’s time to put a stop to American overreach!” Erik Solheim said. New Delhi: Norwegian diplomat and former UN Environment Programme Executive Director Erik Solheim has questioned the US government report on the Adani Group, calling it a case of “American overreach.” Speaking out on global media coverage of the report, Mr Solheim asked, “When…
Adani Group has flagged a wrong understanding of the US indictment for the “incorrect” reporting about the bribery charges, stating that it offered no evidence about the alleged exchange of bribes. Here are the top 10 points in this big story: All three directors – Gautam Adani, his nephew Sagar Adani, and senior executive Vneet…
Read More “Adani Group Refutes Bribery Charge, Stocks See Strong Recovery: 10 Points” »
Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the U.S. Department of Justice with being part of an alleged scheme to pay $265 million in bribes to Indian officials. File. | Photo Credit: PTI Billionaire Gautam Adani and his nephew Sagar Adani have…
Former Attorney General Mukul Rohatgi spoke to the media this morning New Delhi: Punching holes in the allegations against Adani Group, senior lawyer and former Attorney General of India Mukul Rohatgi today said the group’s founder chairman Gautam Adani and his nephew Sagar Adani have not been accused of bribery or obstructing justice in the…
Read More “Senior lawyer Mukul Rohatgi on US charges against Adani Group” »
Adani Group chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jain are clear of any bribery charge in the US indictment, the Adani Group has clarified. Adani Green, a firm under the Adani Group, has also called media reports on this as “incorrect”, in a latest stock exchange filing. “Mr Gautam Adani,…
Shares of Adani Enterprises went up by 4%, Adani Wilmar (3.23%), ACC (3%) and Ambuja Cements (2.71%) on the BSE. | Photo Credit: Reuters Shares of nine of the ten Adani group firms climbed on the bourses in morning trade on Monday (November 25, 2024), with Adani Energy Solutions surging nearly 7%, in-tandem with a…
Read More “Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%” »
The Adani Group said that these are mere allegations and must be seen only as that. New Delhi: The Adani Group said today that the US government report is linked to one contract of Adani Green Energy, representing approximately 10 per cent of the subsidiary’s business. None of the Adani Group’s 11 public companies is…
Kenyan President William Ruto said on Thursday (November 21, 2024) that he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to the Adani Group | Photo Credit: Reuters Kenya’s President said on Thursday (November 21, 2024) that he has cancelled multimillion-dollar airport expansion and energy deals…
Read More “Kenya cancels airport and energy deals with Adani group after U.S. indicts the tycoon” »
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…
Read More “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…