How will bribery charges impact Adani?
3 months, 4 weeks 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 their losses in the last week after Adani Green Energy Ltd. filed its first response to stock exchanges, denying the bribery charges pressed by the American market regulator. As The Hindu reported, citing governance risks for its rating action, Moody’s said there could be a broader credit impact from AGEL’s crisis on group firms “given Gautam Adani’s prominent role as chairman of each of the rated entities or their parent companies as well as the controlling shareholder.” Fitch Ratings also took negative rating actions on the Adani Group’s infrastructure entities. It is alleged that these bribes were paid so that State power distribution companies would purchase eight gigawatts worth of energy from AGEL’s renewable energy project.

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History of this topic

India to deliver US summons to Adani for alleged bribe
2 weeks, 2 days ago

India to deliver US summons to Adani for alleged bribe

Live Mint  

The Indian government has asked a local court to deliver a summons issued by the US Securities and Exchange Commission to billionaire Gautam Adani over alleged securities fraud and a $265 million bribery scheme, according to a letter seen by Reuters. The summons, which was issued under Hague Service Convention that does not allow the serving of legal documents directly …

Adani Green to Adani Power: All 10 Adani group shares trade in the green. Do you own any?
2 weeks, 6 days ago

Adani Green to Adani Power: All 10 Adani group shares trade in the green. Do you own any?

Live Mint  

Indian stock market: Adani group stocks, including Adani Power and ACC, traded in the green today, March 10. Fitch removed Adani Energy solutions from its ‘Rating Watch Negative’ but maintained its negative outlook, citing concerns over ongoing U.S. investigations that could expose governance weaknesses and impact financial stability. The rating agency has affirmed Adani Energy Solutions Long-Term Foreign- and Local-Currency …

Adani bribery case: No request for assistance from U.S. on Adani matter, says Law Ministry
3 weeks, 4 days ago

Adani bribery case: No request for assistance from U.S. on Adani matter, says Law Ministry

The Hindu  

The Union government denied receiving a request for assistance from the U.S. Securities and Exchange Commission to serve summons papers on Gautam Adani and others in the Adani v. SEC bribery case in the U.S. District Court for the Eastern District of New York. In response to a Right to Information response application by The Hindu, the Ministry of Law …

Adani Group revives US investment plans: Reports
4 weeks ago

Adani Group revives US investment plans: Reports

Live Mint  

India's Adani Group has revived plans for major infrastructure investments in the US, where the group's founder has been charged with bribery, the Financial Times reported on Sunday. Since the election of President Donald Trump, the conglomerate has reactivated potential plans to fund projects in sectors such as nuclear power and utilities, as well as an East Coast port, the …

Adani Group revives US investment plans amid ongoing bribery case: Report
4 weeks ago

Adani Group revives US investment plans amid ongoing bribery case: Report

India Today  

The Adani Group has reportedly revived plans for big-ticket investments in the US, according to a report by the Financial Times newspaper on March 2. "With Trump’s arrival, we have reactivated some plans," one insider reportedly said, though they admitted that Adani could still be facing an “indefinite” legal battle. Another associate said, “We are clear about our intentions, but …

Adani Green Energy seeks to refinance $1.1 billion loan from PFC, others in rupee terms
1 month, 1 week ago

Adani Green Energy seeks to refinance $1.1 billion loan from PFC, others in rupee terms

Live Mint  

Adani Green Energy Ltd., controlled by Indian billionaire Gautam Adani, is in talks with local lenders, including Power Finance Corp., to refinance as much as $1.1 billion worth of dollar debt in rupees, according to people who know the matter. The borrowing would be the firm’s biggest since the U.S. Department of Justice indicted Adani over an alleged bribery plot …

US SEC seeks Indian govt’s help in $250 million Adani bribery probe
1 month, 1 week ago

US SEC seeks Indian govt’s help in $250 million Adani bribery probe

Live Mint  

Bengaluru: The Securities and Exchange Commission has sought the Indian government’s assistance in the US market regulator’s investigation of billionaire Gautam Adani, his nephew Sagar and their role in allegedly paying more than $250 million in bribes to Indian government officials between 2020 and 2024 to obtain lucrative solar-energy contracts. “Defendants are located in India, and the SEC’s efforts to …

US regulator seeks Law Ministry's help in Adani bribery case, shows court filing
1 month, 1 week ago

US regulator seeks Law Ministry's help in Adani bribery case, shows court filing

India Today  

The US Securities and Exchange Commission has requested the Law Ministry's assistance in its investigation into industrialist Gautam Adani and his nephew over alleged securities fraud and a USD 265 million bribery scheme, according to a court filing exclusively accessed by India Today. In November last year, US prosecutors charged Gautam Adani and others with paying USD 265 million in …

Trump pauses parts of foreign corruption law; Adani stocks up
1 month, 2 weeks ago

Trump pauses parts of foreign corruption law; Adani stocks up

Hindustan Times  

Washington: President Donald Trump has asked the US attorney general to not initiate any new cases and review all old cases under the Foreign Corrupt Practices Act, possibly opening the door for a legal reprieve for billionaire tycoon Gautam Adani and the Adani Group that were indicted under the law in November last year. Trump pauses parts of foreign corruption …

Relief to Adani? Trump pauses enforcement of foreign bribery law
1 month, 2 weeks ago

Relief to Adani? Trump pauses enforcement of foreign bribery law

Deccan Chronicle  

Washington, Feb 11 US President Donald Trump signed an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that was used to launch a bribery investigation against the Adani Group. The order that Trump signed asked "the Attorney General to review guidelines and policies governing investigations and enforcement actions under the FCPA" in 180 days. …

US Congressmen question Adani indictment, warn it will strain ties with India
1 month, 2 weeks ago

US Congressmen question Adani indictment, warn it will strain ties with India

Op India  

On 10th February, six US Congressmen wrote to newly appointed Attorney General Pamela Bedi, questioning the Department of Justice’s indictment of the Adani Group in an alleged bribery scandal. The Congressmen wrote, “There is 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.” …

Stock markets fall as US tariff concerns, earnings worries sour sentiment
1 month, 2 weeks ago

Stock markets fall as US tariff concerns, earnings worries sour sentiment

Deccan Chronicle  

Indian shares fell on Tuesday, tracking other Asian peers, as concerns around U.S. trade policy and lacklustre domestic earnings continued to sap investor sentiment. The Nifty 50 was down 0.47% at 23,271 as of 10:33 a.m. IST, while the BSE Sensex shed 0.44% to 76,975.9. All 13 major sectors declined, while the broader smallcaps and midcaps lost 2.5% and 2%, …

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment
1 month, 2 weeks ago

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment

Live Mint  

Adani Group stocks rallied up to 4% on Tuesday after reports that few US Congressmen have written to the newly appointed Attorney General of the United States demanding a probe into the previous Department of Justice's indictment of Adani Group officials Adani Enterprises share price and Adani Power share price jumped more than 4% each, while Adani Green Energy shares …

Adani appoints independent law firms to review U.S. indictment
2 months ago

Adani appoints independent law firms to review U.S. indictment

The Hindu  

Adani group has appointed independent law firms to review the U.S. indictment against its founder chairman Gautam Adani, his nephew and another key executive in a USD 265 million bribery case, according to a stock exchange filing by a group firm. "The company, in discussion with Adani group management, has appointed independent law firms to perform independent review" in the …

Adani Green appoints independent law firms to review US indictment: Report
2 months ago

Adani Green appoints independent law firms to review US indictment: Report

Hindustan Times  

India's Adani Green has appointed independent law firms to review the U.S. indictment of founder Gautam Adani and top Adani Green executives of paying $265 million in bribes for power contracts, it said late on Thursday. In November, U.S. authorities indicted Adani, his nephew and Executive Director Sagar Adani and Managing Director Vneet S. Jaain, alleging that they paid bribes …

Adani Group shares rise as Hindenburg founder disbands short-seller
2 months, 2 weeks ago

Adani Group shares rise as Hindenburg founder disbands short-seller

The Hindu  

Adani Group company shares rose sharply on Thursday morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity. On Wednesday Mr. Anderson said that it has completed the projects it was handling.he plan has been to wind up after we finished the pipeline of ideas we were working on,” Anderson said Wednesday. …

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani
2 months, 3 weeks ago

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani

Op India  

A US Congressman has strongly opposed the outgoing Biden administration’s decision to investigate Indian business conglomerate Gautam Adani, stating that ‘selective prosecution’ over rumours abroad risks critical alliances with America’s key partners. Republican Congressman Lance Gooden penned a sharply worded letter to U.S. Attorney General Merrick B. Garland, criticizing the indictment of industrialist Gautam Adani and labelling it a “selective …

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe
2 months, 3 weeks ago

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe

Hindustan Times  

Republican lawmaker Lance Gooden has slammed the Joe Biden administration for investigating Indian billionaire Gautam Adani, warning it could strain key alliances. Lance Gooden, in a letter to US attorney general Merrick B Garland, questioned, “What will the US do if India refuses an extradition request?” The Congressman has sought answers on the justice department's ‘selective actions’ against foreign entities, …

Adani bribery case: US court orders joint criminal, civil trial against tycoon
2 months, 4 weeks ago

Adani bribery case: US court orders joint criminal, civil trial against tycoon

India Today  

In a major development, a New York court has ordered to club the three ongoing cases against industrialist Gautam Adani and others on charges of USD 265 million bribery. The cases that have been tagged together include US vs Adani and others, Securities and Exchange Commission vs Adani and others, and SEC vs Cabanes. Adani and others are charged with …

Amid payment dispute, Bangladesh seeks to reopen power deal with Adani using bribery charges: Report
3 months, 1 week ago

Amid payment dispute, Bangladesh seeks to reopen power deal with Adani using bribery charges: Report

Hindustan Times  

Bangladesh's interim government has reportedly raised concerns over a multi-billion-dollar agreement with Adani Power, accusing the Gautam Adani-led company of not passing on tax benefits related to a power plant critical to the deal, reports Reuters. Bangladesh has been facing delays in payments to Adani Power since the supply began in July 2023, and the two sides are in dispute …

India's solar energy agency changes bidding policy after Adani bribery allegations, says source
3 months, 1 week ago

India's solar energy agency changes bidding policy after Adani bribery allegations, says source

The Hindu  

An Indian government agency charged with promoting renewable energy has changed the way it issues power tenders to reduce the risk of corruption after U.S. allegations of bribery in some tenders, said an official with direct knowledge of the matter. SECI, which selects renewable energy producers for projects through bids and then signs deals with power buyers, said last month …

Number Theory: Key takeaways from 2 hard years for the Adani Group
3 months, 2 weeks ago

Number Theory: Key takeaways from 2 hard years for the Adani Group

Hindustan Times  

On November 20, the United States Department of Justice issued an indictment against Gautam Adani and two executives of Adani Green Energy for allegations of bribery in India, which put them in breach of US capital market regulations. In January last year, the group was targeted by a US-based short-seller Hindenburg, which accused it of various irregularities – Indian stock …

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director
3 months, 3 weeks ago

US market regulator seeks joint hearing of cases against Adani, ex-Azure Director

India Today  

The United States Securities and Exchange Commission has approached a New York court with a formal request to consolidate the civil cases against Indian industrialist Gautam Adani and Azure Power's Cyril Cabanes. While Gautam Adani and his nephew Sagar Adani have not been directly charged with FCPA violations - a fact repeatedly emphasised by their legal counsel, including prominent lawyers …

Why it's a rocky road ahead for Adani Group
3 months, 3 weeks ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report
3 months, 3 weeks ago

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report

Live Mint  

Billionaire Gautam Adani-led group has reportedly approached the capital markets regulator Securities and Exchange Board of India, seeking to settle a case in which Adani Group was accused of violating public shareholding regulations. According to the report, the ports-to-power conglomerate's minimum public shareholding requirement violations date back to 2020, and the regulator sought to recover about ₹2,500 crore from the …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 months, 3 weeks 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 …

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises
Trending News
3 months, 3 weeks ago

INDIA bloc MPs hold protest over Adani bribery row on Parliament premises

New Indian Express  

NEW DELHI: MPs of several INDIA bloc parties protested on the Parliament premises on Tuesday over the Adani issue and reiterated their demand for a joint parliamentary probe into the matter. The Congress and some other opposition have been demanding a joint parliamentary committee probe following the indictment by US prosecutors of Adani Group chairperson Gautam Adani and other company …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 months, 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 …

Explained: Why Adani Green Energy share price rose 9% today
3 months, 4 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 months, 4 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 …

U.S. indictment: Committed to ‘world-class’ compliance, says Gautam Adani
3 months, 4 weeks ago

U.S. indictment: Committed to ‘world-class’ compliance, says Gautam Adani

The Hindu  

Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. Gautam Adani indictment: In-depth coverage “Less than two weeks back, we faced a set of allegations from the U.S. about compliance …

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’
Trending News
3 months, 4 weeks 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 …

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani
3 months, 4 weeks ago

'Every Attack Makes Us Stronger... And After Every Fall, We Will Rise Again': Gautam Adani

ABP News  

Gautam Adani, chairman of Adani Group, on Saturday highlighted the conglomerate's resilience amidst challenges, declaring that "every attack makes us stronger, every obstacle becomes a stepping stone for a more resilient Adani Group." The event, hosted by the Gem & Jewellery Export Promotion Council and attended by industry luminaries, also served as a platform to discuss strategies for overcoming challenges …

Adani shares register first weekly gain since Sept. Experts recommend these three stocks to buy
4 months ago

Adani shares register first weekly gain since Sept. Experts recommend these three stocks to buy

Live Mint  

Adani shares to buy: After a heavy beating on alleged bribery reports, shares of the Adani Group have been in an uptrend for the last three sessions. After paring the sharp losses incurred on Tuesday, Adani group shares registered weekly gains for the first time since September 2024. On reasons that are fueling Adani group shares, Mahesh M Ojha, AVP …

No credit risks so far for Adanis as group has good cash balance: Crisil
Trending News
4 months ago

No credit risks so far for Adanis as group has good cash balance: Crisil

New Indian Express  

MUMBAI: Ratings agency Crisil report released on Friday ruled out any credit risks for Adani Group in the medium term. The group has flexibility to cut certain discretionary capex depending on developments in financial markets and future capital availability, the agency said, adding it has a healthy operating income and cash balance that reduces dependence on external debt to sustain …

Adani U.S. indictment: What is the diplomatic impact? Watch Video
4 months ago

Adani U.S. indictment: What is the diplomatic impact? Watch Video

The Hindu  

It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. The Adani group has denied the charges - 5 …

Adani CFO refutes US allegations: ‘Individuals accused in bribery case to clarify matter in 10 days’
Trending News
4 months 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 …

Adani ‘bribery’ row: India denies receiving US summons, calls case a ‘legal matter involving private firms and the US’
4 months ago

Adani ‘bribery’ row: India denies receiving US summons, calls case a ‘legal matter involving private firms and the US’

Live Mint  

Almost a week after the United States Department of Justice accused billionaire Gautam Adani and others of being involved in a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, the Ministry of External Affairs said on Friday that it is a legal matter between private firms and the US Department of Justice. “This is …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
4 months ago

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?

The Hindu  

Published : Nov 29, 2024 14:23 IST - 8 MINS READ In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. An ally …

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

No request received from US on Adani case: MEA
Trending News
4 months ago

No request received from US on Adani case: MEA

New Indian Express  

The Ministry of External Affairs has clarified that India has not received any prior communication from the United States regarding the legal proceedings involving the Adani Group and the US Department of Justice. "This is a legal matter involving private firms, individuals, and the US Department of Justice. According to the group, chairman Gautam Adani, his nephew Sagar Adani, and …

Adani group loans: Indian lenders kick off a review
4 months ago

Adani group loans: Indian lenders kick off a review

The Hindu  

Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered …

IHC Maintains Confidence In Adani Group Despite US Indictment Of Gautam Adani
Trending News
4 months ago

IHC Maintains Confidence In Adani Group Despite US Indictment Of Gautam Adani

ABP News  

Abu Dhabi-based International Holding Co has reiterated its confidence in Adani Group, stating that its investment outlook remains unchanged following the indictment of billionaire Gautam Adani by US authorities. Last week, US prosecutors accused Adani, his nephew and executive director Sagar Adani, and Adani Green managing director Vneet S. Jaain of allegedly orchestrating a $265 million bribery scheme to secure …

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms
4 months ago

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms

Associated Press  

NEW DELHI — India’s Parliament was disrupted for a third day Thursday by opposition parties protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes. In the absence of a statement by the Indian government, Amit Malviya, the governing Bharatiya Janata Party’s IT head, …

‘Adanis aren’t named in bribery charges’: Senior lawyer Rohatgi
Trending News
4 months 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?
4 months 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
4 months 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
4 months 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 …

Adani Group’s 2 stocks placed under ASM stage-1 category: Here’s what it means for shareholders
4 months ago

Adani Group’s 2 stocks placed under ASM stage-1 category: Here’s what it means for shareholders

Live Mint  

Adani Group stocks - Adani Green Energy and Adani Energy Solutions, have been put under the first stage of the short-term additional surveillance measures on the Bombay Stock Exchange and National Stock Exchange after the recent US indictment of Chairman Gautam Adani and his nephew Sagar Adani on alleged bribery and fraud charges. The two Adani Group stocks have been …

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