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ADANI GROUP

Adani Group’s Rejection of U.S. Funding for Sri Lanka Port a Blow to U.S. Foreign Policy

Adani Group’s Rejection of U.S. Funding for Sri Lanka Port a Blow to U.S. Foreign Policy

12 Dec 2024

The Adani Group's recent decision to reject a $553 million loan from the U.S. International Development Finance Corporation (DFC) for the construction of a deepwater port in Sri Lanka has been interpreted as a significant setback for U.S. foreign policy efforts in the region. Michael Kugelman, Director of the Wilson...

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Adani Group Firms See Rs 27,000 Crore Surge in Investors’ Wealth, Stocks Rise 9%

Adani Group Firms See Rs 27,000 Crore Surge in Investors’ Wealth, Stocks Rise 9%

12 Dec 2024

Adani Group companies' stocks have added nearly ₹ 27,000 crore to investors' wealth, with most stocks gaining in trading this morning. The market capitalisation of Adani Group firms rose ₹ 26,894.46 crore to ₹ 13.55 lakh crore at 11.03 am. Adani Group Stocks Rise 9% The Adani Group companies' stocks...

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“Private firms involved, no summons request received,” MEA Refutes Media Reports on Adani Group Executives Summoned

“Private firms involved, no summons request received,” MEA Refutes Media Reports on Adani Group Executives Summoned

29 Nov 2024

The Ministry of External Affairs (MEA) on Friday dismissed media reports claiming that US prosecutors had issued summons for Adani Group Chairman Gautam Adani and other executives in connection with an alleged bribery case. In a media briefing held in the national capital, MEA Spokesperson Randhir Jaiswal stated that India...

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Senior Lawyer Mukul Rohatgi ‘No detail Of Who Was Bribed’ On US Charges Against Adani Group

Senior Lawyer Mukul Rohatgi ‘No detail Of Who Was Bribed’ On US Charges Against Adani Group

27 Nov 2024

In clarification to the recent US Department of Justice indictment, senior lawyer and former Attorney General of India, Mukul Rohatgi has clarified allegations involving the Adani Group. While addressing media persons, he underlined that neither Gautam Adani, founder-chairman of the group, nor his nephew, Sagar Adani, has been charged with...

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Allegations Against Gautam Adani, Others Branded ‘Incorrect’ by Adani Group

Allegations Against Gautam Adani, Others Branded ‘Incorrect’ by Adani Group

27 Nov 2024

The Adani Group has denied allegations of bribery made by the US Department of Justice and the US Securities and Exchange Commission against its founder and Chairman, Gautam Adani, his nephew Sagar Adani, and Adani Green Energy’s MD and CEO, Vineet Jain. In a statement filed with the stock exchanges,...

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Adani Group Reports TTMs $10 billion, reflecting a 17% YoY growth

Adani Group Reports TTMs $10 billion, reflecting a 17% YoY growth

25 Nov 2024

Even after US bribery allegations of $265 million to different parties against Gautam Adani and his nephew Sagar, the Adani Group is able to keep up its growth trajectory at 30% growth rate for the last five years consecutively. Its current stock announcement includes 17 per cent YoY to $10...

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Bangladesh Seeks Review Of Power Deals Signed By Sheikh Hasina, Including Adani Group Agreement

Bangladesh Seeks Review Of Power Deals Signed By Sheikh Hasina, Including Adani Group Agreement

24 Nov 2024

Bangladesh's interim government, led by Chief Adviser Muhammad Yunus, has launched a comprehensive review of power purchase agreements signed during Sheikh Hasina's tenure as Prime Minister from 2009 to 2024. The National Review Committee on Power, Energy, and Mineral Resources, formed under the amended Quick Enhancement of Electricity and Energy...

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Congress alleges corruption involving Assam CM and Adani Group, calls for discussion

Congress alleges corruption involving Assam CM and Adani Group, calls for discussion

22 Nov 2024

The Assam Congress has called for a detailed discussion on the 90 MW solar power project established by Azure Power and Adani Green in the state, alleging corruption involving Chief Minister Himanta Biswa Sarma and the Adani Group. The demand comes amid calls for a Joint Parliamentary Committee (JPC) to...

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Adani Group Coal Unit Faces Racism And Human Rights Allegations In Australia

Adani Group Coal Unit Faces Racism And Human Rights Allegations In Australia

22 Nov 2024

Adani Group, already under scrutiny after US prosecutors indicted its chairman Gautam Adani for fraud, is now facing new set of accusations of racism linked to its Australian coal operations. An Aboriginal group in Queensland, the Nagana Yarrbayn Wangan & Jagalingou Cultural Custodians, filed a formal complaint with the Australian...

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Adani Group Denies US ‘Bribery’ Allegations Against Gautam Adani As ‘Baseless’

Adani Group Denies US ‘Bribery’ Allegations Against Gautam Adani As ‘Baseless’

21 Nov 2024

The Adani Group dismissed the accusations made by US prosecutors, claiming that Gautam Adani had paid over $250 million in bribes to Indian officials for favorable government contracts. Adani Group's Statement On Thursday, the Adani Group strongly rejected the charges, calling them "baseless" and denying the allegations made by the...

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