Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans
1 week, 4 days ago

Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans

Live Mint  

The Adani Group has initiated talks with a clutch of investors and banks to refinance $1.1 billion worth of loans of Adani Green Energy Ltd, two persons aware of the discussions said on condition of anonymity. “While the dollar market offers higher tenures, domestic institutions are also offering meaningful long tenures of 10-15 years for extending the refinancing facility," said the first person. The two persons said the Adani Green projects for which the $1.1 billion loans were taken—from a group of overseas banks—are mostly backed by assured cashflows from PPAs of 25 years, which makes the group prefer longer tenure refinancing facilities. After the US indictment, the Adani Group is actively planning ways to convince investors and banks globally for feasible fund-raising terms, said a person close to a bank that has held discussions with the group.

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History of this topic

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 week, 5 days ago

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals

Hindustan Times  

Shares of six Adani Group firms, out of 11 listed companies, declined in the mid-session deals on Wednesday, with Adani Green Energy falling more than 2 per cent. The scrip of Adani Green Energy slipped 2.46 per cent to ₹1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power, Adani Energy Solutions and Adani …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
2 weeks, 6 days ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

Adani Green Energy share price rises 9%: Here are key factors driving 50% gains for the stock in 4 sessions
Trending News
3 weeks ago

Adani Green Energy share price rises 9%: Here are key factors driving 50% gains for the stock in 4 sessions

Live Mint  

Stock Market Today: Adani Green Energy share price gained up to 9% in morning trades on Monday. Adani Green Energy share price opened at ₹1364.00 on the BSE on Monday, almost 3% higher than previous close of ₹1324.55. The Adani Green energy share price thereafter gained further to intraday highs of ₹1445, marking gains of 9%. Among various rating agencies, …

Explained: Why Adani Green Energy share price rose 9% today
3 weeks ago

Explained: Why Adani Green Energy share price rose 9% today

India Today  

Shares of Adani Green Energy Ltd saw a rise in Monday's early trade, surging 9.09% to hit a day high of Rs 1,445. The primary trigger for today’s rise was a statement from the Adani Group’s Chief Financial Officer Jugeshinder Singh, indicating plans to revive a previously scrapped dollar bond offering between April and June 2025. Recently, Adani Green Energy …

Adani group stocks: Why Adani Green Energy shares will be in focus today
3 weeks ago

Adani group stocks: Why Adani Green Energy shares will be in focus today

India Today  

Shares of Adani Green Energy Ltd are expected to draw investor attention today following significant developments within the Adani group. Adani group’s Chief Financial Officer, Jugeshinder Singh, said that they may consider reviving their previously scrapped dollar bond between April and June next year. The group is also exploring the possibility of public bond sales for other firms within the …

'Every attack makes us stronger': Gautam Adani amid row over US indictment
Trending News
3 weeks, 2 days ago

'Every attack makes us stronger': Gautam Adani amid row over US indictment

India TV News  

In his first public address following recent allegations and a U.S. indictment, Gautam Adani, Chairman of the Adani Group, reiterated his company's resilience, declaring that "every attack makes us stronger." Speaking at the 51st Gems and Jewellery Awards on Saturday, Adani addressed the legal challenges his conglomerate is facing, following charges of securities fraud and violations of anti-bribery regulations related …

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 Group Stocks Surge; IHC, Global Partners Reaffirm Support Amid Allegations
3 weeks, 3 days ago

Adani Group Stocks Surge; IHC, Global Partners Reaffirm Support Amid Allegations

ABP News  

Shares of all 11 listed Adani Group companies rallied, led by Adani Green Energy, which soared nearly 15 per cent on the BSE. Market Performance Adani Green Energy shares rose 14.64 per cent, followed by Adani Energy Solutions, which surged 13.54 per cent. Other notable gainers included: Adani Total Gas: Up 7.33 per cent Adani Power: Up 4.90 per cent …

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%
3 weeks, 3 days ago

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%

Live Mint  

Adani Power Share Price Today on 29-11-2024: At 29 Nov 11:24 today, Adani Power shares are trading at price ₹554, -1.11% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani Green Energy Share Price Today on 29-11-2024: Adani Green Energy share price are up by 10.65%, Nifty up by 0.88%
3 weeks, 3 days ago

Adani Green Energy Share Price Today on 29-11-2024: Adani Green Energy share price are up by 10.65%, Nifty up by 0.88%

Live Mint  

Adani Green Energy Share Price Today on 29-11-2024: At 29 Nov 11:09 today, Adani Green Energy shares are trading at price ₹1204.05, 10.65% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 …

Japanese Banks sticking with Adani as Jefferies, Barclays review ties
3 weeks, 3 days ago

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

Live Mint  

-- Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people familiar with the …

Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains
3 weeks, 3 days ago

Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains

Live Mint  

Stock Market today: Adani group companies saw their share price gain up to 14% for third day in a row. Adani Green Energy Ltd share price led the gains rising up to 14% in the morning trades on Friday. Adani Total Gas share price saw rise of up to 5% closely followed by Adani Power share price seeing similar gains …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
3 weeks, 3 days ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%
3 weeks, 4 days ago

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%

Live Mint  

Adani Power Share Price Today on 28-11-2024: At 28 Nov 11:09 today, Adani Power shares are trading at price ₹566.75, 8.2% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?
3 weeks, 4 days ago

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?

Live Mint  

Stock Market Today: After rallying up to 18% in intra-day trade on Thursday, November 28, Adani group shares ended on a mixed note amid profit booking following a sharp two-day rally and weakness in the broader market indices. Adani Group gained in early trade today after Adani Green Energy issued a clarification on Tuesday, refuting bribery charges against Gautam Adani …

Adani Total Gas share price jumps 16% in early trade. What's driving the rally?
3 weeks, 4 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 group stocks extend winning streak, rally up to 12% today
Top News
3 weeks, 4 days ago

Adani group stocks extend winning streak, rally up to 12% today

India Today  

Adani group shares continued their positive momentum and extended their rally on Thursday with its stocks gaining up to 10% in early trade. The shares of the conglomerate have seen a recovery after the Adani group issued a clarification on charges of bribery by US authorities. The rally follows a clarification by Adani Green Energy Ltd on Wednesday that dismissed …

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 …

Stock market today: Nifty 50, Sensex close higher on rebound in Adani stocks; smallcaps outperform
3 weeks, 5 days ago

Stock market today: Nifty 50, Sensex close higher on rebound in Adani stocks; smallcaps outperform

Live Mint  

Indian Stock Market: Indian benchmark indices experienced significant volatility in today’s session, November 27, as a rebound in Adani Group stocks was offset by weak performances from index heavyweights, leading to wide fluctuations throughout the day. Adani Group stocks surge after clarification on bribery charges All 11 Adani Group stocks closed higher in Wednesday's session following a clarification issued by …

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 …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
3 weeks, 5 days ago

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer

Live Mint  

Stock Market Today: Adani group stocks rebounded on Wednesday, gaining up to 16% post clarification issued by Adani Green Energy regarding bribery charges against Gautam Adani and others. Adani Total Gas share price surged 16% and was the top gainer, followed by Adani Power and Adani Green, whose share price skyrocketed up to 8%. Adani Group stocks rise up to …

Adani Green Energy Share Price Today on 27-11-2024: Adani Green Energy share price are up by 3.68%, Nifty up by 0.05%
3 weeks, 5 days ago

Adani Green Energy Share Price Today on 27-11-2024: Adani Green Energy share price are up by 3.68%, Nifty up by 0.05%

Live Mint  

Adani Green Energy Share Price Today on 27-11-2024: At 27 Nov 11:20 today, Adani Green Energy shares are trading at price ₹932.5, 3.68% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Sensex, Nifty end higher as Adani stocks rally up to 20%
Trending News
3 weeks, 5 days ago

Sensex, Nifty end higher as Adani stocks rally up to 20%

India Today  

Benchmark stock market indices closed higher on Wednesday as they made a brief rally driven by a surge in Adani group shares after the conglomerate issued a clarification on the bribery charges by US authorities. "This recovery followed a clarification from Adani Green Energy Ltd regarding recent allegations of bribery and corruption against key executives, including Gautam Adani and his …

Adani Group stocks gain up to 17% after clarification on US bribery charge
3 weeks, 5 days ago

Adani Group stocks gain up to 17% after clarification on US bribery charge

India Today  

Shares of Adani Group companies, including Adani Green Energy Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, and Adani Enterprises Ltd, saw gains in Wednesday's trade. ADANI GROUP STOCKS GAIN SHARPLY Adani Green Energy shares were trading at Rs 988.40, up 10% as of 11 AM. Adani Total Gas Ltd rose 17.68% to Rs 681.95, Adani Wilmar Ltd increased 9.28% …

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 weeks, 5 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 …

Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable
3 weeks, 6 days ago

Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable

Live Mint  

US-based rating agencies Moody’s and Fitch on Tuesday lowered their outlook for bonds of Adani group companies to negative from stable, following the bribery charges and indictment of certain board members of Adani Green Energy Ltd, including group chairman Gautam Adani, by the US Securities and Exchange Commission, and Department of Justice. Despite the group's assertions about its financial health, …

Adani Green Denies New Financial Commitment With TotalEnergies
3 weeks, 6 days ago

Adani Green Denies New Financial Commitment With TotalEnergies

ABP News  

Adani Green Energy Limited on Tuesday refuted reports claiming that French energy giant TotalEnergies had suspended new financial commitments to the company following allegations from the US Securities and Exchange Commission. On Monday, French energy conglomerate TotalEnergies announced it would halt further investments in Adani Group companies due to corruption allegations filed by the US SEC. The allegations, submitted in …

Adani Green Energy Share Price Today on 26-11-2024: Adani Green Energy share price are down by -6%, Nifty down by -0.01%
Top News
3 weeks, 6 days ago

Adani Green Energy Share Price Today on 26-11-2024: Adani Green Energy share price are down by -6%, Nifty down by -0.01%

Live Mint  

Adani Green Energy Share Price Today on 26-11-2024: At 26 Nov 11:15 today, Adani Green Energy shares are trading at price ₹909.55, -6% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Adani Green clarifies on French oil major's 'pausing new funding' message
3 weeks, 6 days ago

Adani Green clarifies on French oil major's 'pausing new funding' message

India Today  

Adani Green Energy ADNA.NS said on Tuesday there is no new financial commitment under discussion with TotalEnergies TTEF.PA, a day after the French oil major said it was pausing new investments into the Adani Group over US bribery charges. TotalEnergies' move was the first major fallout after US authorities last week charged Adani's billionaire chairman, Gautam Adani, and seven other …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 weeks ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip
4 weeks ago

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip

ABP News  

Nine of the 10 listed Adani Group firms saw a strong surge in morning trade on Monday, aligning with a broader rally in the equity markets. Adani Energy Solutions saw its stock rise by 6.89 per cent, while Adani Green Energy climbed 6.42 per cent. Other significant gainers included Adani Total Gas, which advanced 5.33 per cent, Adani Ports up …

Adani Green Energy Share Price Today on 25-11-2024: Adani Green Energy share price are up by 1.2%, Nifty up by 1.82%
4 weeks ago

Adani Green Energy Share Price Today on 25-11-2024: Adani Green Energy share price are up by 1.2%, Nifty up by 1.82%

Live Mint  

Adani Green Energy Share Price Today on 25-11-2024: At 25 Nov 11:22 today, Adani Green Energy shares are trading at price ₹1065, 1.2% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Adani Green Energy shares tank 11% today. Here's why
4 weeks ago

Adani Green Energy shares tank 11% today. Here's why

India Today  

Shares of Adani Green Energy Ltd fell sharply on Monday late in the day, dropping 11.36% to hit a day’s low of Rs 932.90. The drop in share price followed France-based TotalEnergies’ announcement that it would pause any new financial contributions to Adani Group companies amidst ongoing allegations involving senior Adani executives. TotalEnergies, a minority shareholder in AGEL with a …

Adani Green Energy Share Price Today on 22-11-2024: Adani Green Energy share price are up by 0.14%, Nifty up by 1.19%
1 month ago

Adani Green Energy Share Price Today on 22-11-2024: Adani Green Energy share price are up by 0.14%, Nifty up by 1.19%

Live Mint  

Adani Green Energy Share Price Today on 22-11-2024: At 22 Nov 12:33 today, Adani Green Energy shares are trading at price ₹1148, 0.14% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

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 group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

Adani Group stocks, bonds fall for a second day after founder's US indictment
1 month ago

Adani Group stocks, bonds fall for a second day after founder's US indictment

Deccan Chronicle  

Stocks and bonds of India's Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged 265 million dollars bribery scheme. U.S. prosecutors have charged Adani and seven other people with agreeing to pay bribes to Indian government officials to obtain contracts that could yield 2 …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
1 month ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Adani indictment rocks equities and bonds alike
1 month ago

Adani indictment rocks equities and bonds alike

Live Mint  

Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. A $250 million bribery scheme aimed at influencing Indian officials to secure favourable solar power contracts for Adani Green Energy Ltd and New Delhi-based Azure Power Global Ltd. Shankar Sharma, founder of wealth …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Adani Enterprises, Adani Green, Airtel, LTI, JSW, Zinka: Stocks to watch today
1 month ago

Adani Enterprises, Adani Green, Airtel, LTI, JSW, Zinka: Stocks to watch today

India Today  

The domestic markets continued their downward trend, closing lower on Thursday as shares of Adani Group companies saw a sharp sell-off due to bribery allegations against Gautam Adani. ADANI ENTERPRISES, ADANI GREEN Adani Group stocks, including Adani Enterprises and Adani Green, are expected to remain under pressure following Thursday's 20% decline. The unit will cater to the company’s growing renewable …

Adani Group stocks extend slide amid bribery charges. Details here
1 month ago

Adani Group stocks extend slide amid bribery charges. Details here

India Today  

Shares of Adani Group companies continued their steep decline on Friday, following allegations of a multi-million-dollar bribery and fraud case involving Chairman Gautam Adani and seven others. Adani Energy Solutions was down 8.48% at Rs 640.50 on the Bombay Stock Exchange, while Adani Green Energy fell 7.51% to Rs 1,060.35. Shares of other Adani Group companies, including its flagship Adani …

Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal
1 month ago

Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal

Hindustan Times  

By Nikunj Ohri, Dharamraj Dhutia Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal NEW DELHI -Indian billionaire Gautam Adani has been indicted for fraud by U.S. prosecutors and arrest warrants issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. U.S. authorities said on Wednesday …

The $250 million Adani bribery case: whistleblower complaints, WhatsApp texts, and ‘incentives’
1 month ago

The $250 million Adani bribery case: whistleblower complaints, WhatsApp texts, and ‘incentives’

Live Mint  

Two whistleblower complaints flagging financial impropriety at a small New York Stock Exchange-listed company marked the start of a two-year probe by the US government into the Adani group. SECI, a company under India’s ministry of new and renewable energy, oversees New Delhi’s renewable energy plans, including funding large solar projects such as those by Azure Power and Adani Green. …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

Adani Group: U.S. Department of Justice allegations baseless
1 month ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

Adani stocks tumble after US indictment, combined mcap dips by Rs 2.45 lakh crore
1 month ago

Adani stocks tumble after US indictment, combined mcap dips by Rs 2.45 lakh crore

Firstpost  

The combined market capitalisation of all the ten listed Adani group firms eroded by Rs 2,45,016.51 crore during Thursday morning deals after Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts Adani group stocks faced heavy …

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