Will bribery allegations against Adani intensify FPI selling spree in Indian markets?
Trending News
4 weeks ago

Will bribery allegations against Adani intensify FPI selling spree in Indian markets?

Live Mint  

Foreign portfolio investors have been on a selling spree over the last one and a half months, withdrawing funds from Indian equities at an unprecedented pace and reversing their earlier purchasing streak. Although the Adani Group’s direct impact on India’s $4.4 trillion stock market is limited due to its relatively low weighting in benchmark indices, the indictment highlights broader issues that could dent investor confidence. She explained, “FPI outflows can be attributed to better risk rewards in the US due to rising growth sentiments post Trump’s victory, strengthening the dollar, and also relatively cheaper valuations in China. For the FPIs, it is a wait-and-watch story on the direction of global growth, how the US President rolls out his policies, and to the extent of tariffs that get imposed on India.” Bafna further noted that clarity on these factors is expected by March, adding, “Until then, FPIs are likely to remain cautious in their approach.” FPI outflows surpass ₹ 1.55 lakh crore After withdrawing ₹1.14 lakh crore from Indian markets in October, FPIs continued their selling spree in November, pulling out an additional ₹42,000 crore, as per the latest Trendlyne data. The Trump trade also appears to be on its last leg since valuations have reached high levels in the US.” "Therefore, the FII selling in India is likely to taper off soon.

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History of this topic

How will bribery charges impact Adani?
3 weeks, 2 days ago

How will bribery charges impact Adani?

The Hindu  

The story so far: Last week, the U.S. Department of Justice charged two officials of a renewable energy company listed in the U.S. in connection with a bribery scheme allegedly perpetrated by Gautam Adani, chairman of the Adani Group, and his associates including his nephew Sagar Adani. Shares of various Adani Group companies dropped sharply; they have recovered most of …

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’
Trending News
3 weeks, 2 days ago

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’

Live Mint  

Adani Group Chairman Gautam Adani on Saturday, November 30, responded to the alleged bribery and fraud allegations against the conglomerate, saying that the legal matter involving the US Department of Justice is a challenge which the Group has faced "not for the first time". What I can tell you is that every attack makes us stronger and every obstacle becomes …

Adani Green, Adani Energy Solutions jump after F&O inclusion
3 weeks, 3 days ago

Adani Green, Adani Energy Solutions jump after F&O inclusion

Live Mint  

The inclusion of Adani Green Energy and Adani Energy Solutions in the futures and options segment of the National Stock Exchange drew huge participation from traders and investors, sending these two stocks soaring. Friday's outsized gains helped the shares of Adani Green Energy and Adani Energy Solutions contribute the most to investor wealth creation within the eleven Adani group's listed …

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’
Trending News
3 weeks, 3 days ago

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’

Live Mint  

Adani Group's chief financial officer on Friday, November 29, rejected US allegations that group executives, including Chairman Gautam Adani, were part of a $265 million bribery scheme. Adani CFO refutes bribery charges Singh also sought to allay concerns about the allegations' impact on the group's expansion plans. He said the allegations made in the US against Group chairman Gautam Adani …

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi
Trending News
3 weeks, 4 days ago

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi

Hindustan Times  

New Delhi: Senior advocate and former attorney general of India Mukul Rohatgi on Wednesday said that neither Gautam Adani nor his nephew Sagar Adani has been named in charges related to bribery or obstruction of justice under the US Foreign Corrupt Practices Act. New Delhi, Nov 27 : Former Attorney General and Senior Counsel Mukul Rohatgi speaks to the media …

Adani Total Gas share price jumps 16% in early trade. What's driving the rally?
3 weeks, 5 days ago

Adani Total Gas share price jumps 16% in early trade. What's driving the rally?

India Today  

Shares of Adani Total Gas surged 16% in early trade on Thursday, continuing the recovery seen across Adani Group stocks. The rebound follows a clarification from Adani Green Energy addressing concerns over allegations of bribery by US authorities, which had initially caused a sharp dip in the group’s stocks. In its statement, Adani Green Energy clarified that key executives, including …

Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained
3 weeks, 5 days ago

Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained

Live Mint  

Gautam Adani, the billionaire Chairperson of Adani Group, is likely to face a long road to trial in the United States over criminal charges related to his alleged multi-billion-dollar fraud and bribery scheme, news agency Reuters reported on Wednesday, November 27. Adani is also accused of conspiring to pay about $265 million in bribes to Indian government officials to obtain …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 5 days ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

FPIs return to Indian stock market after 36-day selling streak; is the trend sustainable?
3 weeks, 5 days ago

FPIs return to Indian stock market after 36-day selling streak; is the trend sustainable?

Live Mint  

Foreign portfolio investors made a notable return to Indian equities, ending a 36-session selling streak with net purchases exceeding ₹10,000 crore over two days. Another significant driver of FPI inflows was the MSCI index reshuffle, wherein stocks like Voltas, Oberoi Realty, BSE, Kalyan Jewellers, and Alkem Laboratories were added to the MSCI Global Standard Index, prompting passive inflows. FPI Selling …

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
3 weeks, 5 days ago

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations

ABP News  

Shares of Adani Group companies saw a significant rally during morning trade on Wednesday, recovering from the losses incurred the previous day. Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate. Adani Power climbed 5.96 per cent, Adani Total Gas rose 4.70 per …

Gautam Adani not charged with FCPA, only securities violations involving penalties: Adani Green
3 weeks, 5 days ago

Gautam Adani not charged with FCPA, only securities violations involving penalties: Adani Green

The Hindu  

Adani Green Energy chairman Gautam Adani and other employees have not been charged for bribery or any violations of the U.S. Foreign Corrupt Practices Act, the company said on Wednesday, in its first counter to the U.S. Court indictment and the civil charges pressed by the American market regulator that became public on November 21, 2024. The U.S. Court indictment …

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges
3 weeks, 6 days ago

Adani case: Lawyer Mukul Rohatgi picks holes in US bribery charges

India Today  

Picking holes in the US charges against the Adani Group, senior lawyer Mukul Rohatgi on Wednesday said Gautam Adani and his nephew have not been charged with violation of the US Foreign Corrupt Practices Act while another advocate, Mahesh Jethmalani, asserted that the indictment only mentioned a "conspiracy to bribe". Briefing the media, Rohatgi said while the charges mention that …

Bribery case: What are the legal options for Adani? Key questions answered
3 weeks, 6 days ago

Bribery case: What are the legal options for Adani? Key questions answered

India Today  

The Adani Group on Wednesday said its chairperson Gautam Adani has not been charged with corruption by the US prosecutors in the bribery case but faces three other counts, including securities and wire fraud. If the accused are located outside the US, the authorities have several options: Extradition: The US can request that India extradite the individuals based on the …

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 weeks, 6 days ago

Adani Group shares rally after clarification on US bribery charges. Is the worst over?

India Today  

Adani Group shares surged on Wednesday, rallying by up to 20% after a clarification from Adani Green Energy addressed concerns related to US bribery charges. Other group companies, including Adani Green Energy, Adani Energy Solutions, Adani Ports and Special Economic Zone, and Adani Wilmar, saw gains ranging from 8% to 10%. The rally followed a statement from Adani Green Energy …

Rising geopolitical tensions, Adani ‘bribery’ case add to Indian market’s woes — expert advice
4 weeks, 1 day ago

Rising geopolitical tensions, Adani ‘bribery’ case add to Indian market’s woes — expert advice

Live Mint  

The current week brought a new wave of challenges stemming from both international and domestic political conflicts. However, this time, the intensifying rivalry between the BJP and Congress brought the Adani bribery case to the forefront, reported by the U.S. Department of Justice. The market showed resilience by the end of the week, signalling that domestic political turmoil is unlikely …

Adani indictment: FCPA cases take long to conclude
1 month ago

Adani indictment: FCPA cases take long to conclude

Live Mint  

Mumbai and Bengaluru: For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience. It takes an average of about three years to conclude a case after an indictment under the US Foreign Corrupt Practices Act, according to a Stanford Law School analysis of cases since the law was enacted nearly a …

Trump's return to power: What it means for foreign corrupt practices act and Gautam Adani
1 month ago

Trump's return to power: What it means for foreign corrupt practices act and Gautam Adani

India Today  

The Foreign Corrupt Practices Act, a cornerstone of the United States' fight against international corruption, may see a seismic shift in enforcement and focus if Donald Trump returns to the Oval Office. Yet, Trump’s complicated history with the FCPA raises questions about how aggressively it might be enforced in his administration, particularly in light of high-profile cases like the indictment …

Adani shares rally in India after founder's US charges
Trending News
1 month ago

Adani shares rally in India after founder's US charges

Deccan Chronicle  

Mumbai: Shares in Indian billionaire Gautam Adani's conglomerate rallied Friday to pare the previous day's frenzied sell-off sparked by US charges alleging the tycoon paid more than $250 million in bribes to secure lucrative government contracts. Shares in Adani Enterprises, his conglomerate's main listed unit, rose nearly four percent in morning trade, while its listed ports and power subsidiaries posted …

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men
1 month ago

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men

Associated Press  

NEW DELHI — Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in some of the Adani Group’s companies began ticking back up after they plunged a day earlier following the announcement of the charges in New York. The …

Adani Group stocks in trouble again! What should investors do now?
1 month ago

Adani Group stocks in trouble again! What should investors do now?

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

Adani may see wider impact from US setback
1 month ago

Adani may see wider impact from US setback

Live Mint  

Mumbai: The Adani Group denied bribery charges and vowed to explore legal options after a damaging indictment in the US, but the move failed to stop a run in its shares, posing the biggest test yet for the conglomerate which had rebuilt investor faith after the Hindenburg episode. Concluding more than two years of investigation, the US Department of Justice …

Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence
1 month ago

Adani’s legal battle: US bribery charges could spark complex multi-jurisdictional defence

Live Mint  

The US indictment of billionaire Gautam Adani in a $250 million bribery case could set the stage for a lengthy legal process involving a multi-jurisdictional defence. Prakash added that Adani could invoke international legal principles to argue that the allegations should be investigated under Indian law, possibly with US assistance, under treaties like the UN Convention Against Corruption. US prosecutors …

Why has Indian billionaire Gautam Adani been charged in a US bribery case?
1 month ago

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

Al Jazeera  

United States prosecutors indicted billionaire Gautam Adani, one of the world’s richest people, on Wednesday over his alleged lead role in a bribery scheme linked to a mega-sized solar power plant. In a statement, the US Department of Justice alleged that Adani – a close ally of India’s Prime Minister Narendra Modi – and seven of his associates, including his …

How did Adani's wealth plummet by $12 billion in just one day amid US bribery scandal?
1 month ago

How did Adani's wealth plummet by $12 billion in just one day amid US bribery scandal?

India TV News  

Gautam Adani, once among the world’s richest individuals, saw his wealth take a dramatic hit on Thursday, losing a staggering $12 billion in a single day. Additionally, the group’s energy arm, Adani Green Energy, is accused of misleading investors by issuing false statements in raising over $3 billion in loans and bonds. The charges also sent Adani Group stocks into …

What are US federal charges against Gautam Adani? What's next for business tycoon? EXPLAINED – India TV
Top News
1 month ago

What are US federal charges against Gautam Adani? What's next for business tycoon? EXPLAINED – India TV

India TV News  

New Delhi: Billionaire Gautam Adani has been indicted by US prosecutors for allegedly conspiring with executives of a formerly New York-listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. US prosecutors charged Gautam Adani, his nephew Sagar Adani who is director at Adani Green, and six others with alleged bribery and …

US indictment of Adani Group honchos: What are the implications?
1 month ago

US indictment of Adani Group honchos: What are the implications?

New Indian Express  

The indictment of top executives from one of India’s large multinational conglomerates by a US Federal Court on Wednesday, November 19, 2024, has raised several pressing questions for both global and domestic investors. The charges—linked to a Rs 2,300 crore bribery scheme involving Adani Group executives, including Chairman Gautam Adani and directors Sagar Adani and Vinit Jain—have far-reaching implications not …

US charges in Adani bribery case have Opposition-ruled states: BJP to Congress
1 month ago

US charges in Adani bribery case have Opposition-ruled states: BJP to Congress

Hindustan Times  

States that allegedly received bribes from the Adani Group in exchange for solar power projects were ruled by Opposition parties, the Bharatiya Janata Party said on Thursday in response to Congress MP Rahul Gandhi’s claims earlier in the day that Prime Minister Narendra Modi was hand in gloves with industrialist Gautam Adani. “The way Rahul Gandhi gives statements to sensationalise …

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report
1 month ago

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report

Hindustan Times  

Credit rating agency Moody’s has said the bribery charges against Gautam Adani, the chairman of Adani Group, would be seen as a credit negative for the conglomerate's companies, Money Control reported. A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York “The indictment of Adani Group's chairman and other senior officials on bribery …

‘Adani out of jail because…’: Congress ups ante as US charges billionaire with $250 million bribery
Trending News
1 month ago

‘Adani out of jail because…’: Congress ups ante as US charges billionaire with $250 million bribery

Live Mint  

On Thursday, Congress leader Rahul Gandhi demanded the immediate arrest of industrialist Gautam Adani after the billionaire was implicated in a major bribery and fraud scheme in the United States. Gandhi accused Prime Minister Narendra Modi of shielding Adani, following the charges laid out by US prosecutors, which allege that Adani and his associates paid $250 million in bribes to …

Allegations and scandals against the Adani Group: A timeline
1 month ago

Allegations and scandals against the Adani Group: A timeline

The Hindu  

With a U.S. court indicting Gautam Adani and seven others on charges of securities and wire fraud, Adani’s stocks nosedived as possible arrest of one of India’s richest businessmen looms large. Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York district court charged the apples to airports conglomerate of bribery …

Adani hit with bribery charges in US
1 month ago

Adani hit with bribery charges in US

ABC  

Rachel Mealey: American authorities have charged Indian billionaire Gautam Adani over his role in an alleged multi-billion dollar scheme of bribery and fraud. Luke Siddham Dundon: Today's unsealed indictment from US prosecutors alleges Gautam Adani was personally involved in a years-long scheme to bribe Indian officials to the tune of 400 million Australian dollars for favourable terms on a huge …

Adani group's bonds tumble after Gautam Adani charged in US with bribery, fraud | Top updates
1 month ago

Adani group's bonds tumble after Gautam Adani charged in US with bribery, fraud | Top updates

Hindustan Times  

Gautam Adani indicted in US: Dollar bond prices of Adani Group companies dropped significantly in early Asian trading on Thursday, November 21, following the indictment of the conglomerate's billionaire chairman, Gautam Adani, in New York on charges of bribery and fraud, news agency Reuters reported. Gautam Adani charged in bribery scheme: US prosecutor Billionaire Gautam Adani has been charged with …

Adani group's bonds tumble after Gautam Adani charged in US with bribery, fraud | Top updates
1 month ago

Adani group's bonds tumble after Gautam Adani charged in US with bribery, fraud | Top updates

Hindustan Times  

Gautam Adani indicted in US: Dollar bond prices of Adani Group companies dropped significantly in early Asian trading on Thursday, November 21, following the indictment of the conglomerate's billionaire chairman, Gautam Adani, in New York on charges of bribery and fraud, news agency Reuters reported. Gautam Adani charged in bribery scheme: US prosecutor Billionaire Gautam Adani has been charged with …

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud
1 month ago

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud

New Indian Express  

NEW DELHI: With billionaire Gautam Adani charged in the US with alleged bribery and fraud, the Congress on Thursday said it "vindicates" its demand for a Joint Parliamentary Committee investigation into the various "scams" involving his conglomerate. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay over USD 250 million bribe to …

Bribery charges against Adani: BJP slams Congress, questions timing of development
1 month ago

Bribery charges against Adani: BJP slams Congress, questions timing of development

New Indian Express  

NEW DELHI: The BJP on Thursday targeted the Congress over its attack on the central government after US prosecutors charged industrialist Gautam Advani with bribery and fraud, saying all the states mentioned in the indictment were at that time ruled by opposition parties. "That the Congress is willing to be a prop in the hands of George Soros and his …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
1 month ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
1 month ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

Why US court's 'bribery' indictment is a huge credibility crisis for Adani Group
1 month ago

Why US court's 'bribery' indictment is a huge credibility crisis for Adani Group

India Today  

In their worst fall since the Hindenburg allegations in January 2023, shares of Adani Group companies fell over 20 per cent on November 21 following charges against chairman Gautam Adani and seven others in the United States in an alleged multi-million-dollar bribery and fraud case. The filing by the US District Court, Eastern District of New York, that accused Adani, …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
1 month ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'
1 month ago

US charges Gautam Adani over $265 million bribery scheme, investor fraud; Adani Group calls it 'baseless'

New Indian Express  

A US District Court in New York has indicted Adani Group Chairman Gautam Adani and several senior business executives for their alleged roles in a multi-billion-dollar bribery and investor fraud scheme. US Justice Department authorities alleged that Adani and seven other senior business executives offered over $265 million in bribes to Indian government officials to secure solar energy contracts. In …

How badly can bribery charges hit fund raising plans of Adani Group? Experts weigh in
1 month ago

How badly can bribery charges hit fund raising plans of Adani Group? Experts weigh in

New Indian Express  

The indictment of Adani Group, its promoters and executives by the US authorities in an alleged Rs 2000-crore bribery case could negatively impact the fund-raising process of the Adani group. Immediately after the charges of bribery became public, the renewable energy arm of the Adani Group -- Adani Green Energy – on Thursday scrapped a $600-million bond issue. Experts told …

Gautam Adani and his firm being probed by US over bribery charges: Report
9 months, 1 week ago

Gautam Adani and his firm being probed by US over bribery charges: Report

Hindustan Times  

US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter. The probe, which is also looking at Indian renewable energy company Azure Power Global Ltd., is being handled by the …

India\'s image at stake due to Adani issue, says Mayawati
1 year, 10 months ago

India\'s image at stake due to Adani issue, says Mayawati

Deccan Chronicle  

Lucknow: The Adani episode will have long term impact on the country's economy and it is "unfortunate" that the government is not taking people of the country into confidence on the issue, BSP supremo Mayawati said on Sunday. The former Uttar Pradesh chief minister also asserted that India's image is at stake due to the issue. The image of India …

Adani Group crisis updates: Adani Enterprises shares at lowest since Mar'22
1 year, 10 months ago

Adani Group crisis updates: Adani Enterprises shares at lowest since Mar'22

Hindustan Times  

Adani-Hindenburg issue updates: Billionaire Gautam Adani, facing allegations of pulling off the 'largest fraud' in corporate history, on Thursday issued a video message to investors, explaining the decision behind his flagship firm, Adani Enterprises, withdrawing a fully subscribed follow-on public offer. But considering the volatility of the market seen yesterday, our board strongly felt that it wouldn't have been morally …

Congress jabs at Adani's ‘morally correct’ remark: ‘like his Prime Mentor…’
1 year, 10 months ago

Congress jabs at Adani's ‘morally correct’ remark: ‘like his Prime Mentor…’

Hindustan Times  

The Congress on Thursday took a dig at beleaguered billionaire Gautam Adani over his explanation for pulling a record domestic equity offering, saying Adani speaking of being "morally correct" is like his "Prime Mentor" – a veiled reference to Prime Minister Narendra Modi who is widely perceived as being close to the Indian tycoon – preaching humility, sobriety and large-heartedness. …

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