Azure Power

Solar energy producer Azure Power has paid USD 23 million to settle a case in a US district court over alleged bribery and other irregularities, the company said on Tuesday. Azure, whose shares were listed for US trading on the NY Stock Exchange, said the resolution will enable it to move forward. An indictment a New York district court had charged the company and its former executives Ranjit Gupta, Murali Subramanian, and Pawan Kumar Agrawal of misrepresenting data about the company and allegedly paying bribes to win new projects. They were charged with making "false and misleading" statements on compliance with anti-corruption and anti-bribery laws and causing damage to investors who had acquired Azure equity shares at "artificially inflated prices due to the misrepresentation and omission" of facts. "On April 11,2025, the company and the court-appointed lead plaintiff, acting on behalf of all members of the settlement class, agreed, subject to court approval, to a full and final

AGPL is the holding company of Azure RG3

Cyril Cabanese is charged alongside Gautam Adani and Sagar Adani, in connection to a bribery scheme that misled US investors in a September 2021 bond offering that raised $175 million

The Adani Group has stated that it will seek all possible legal recourse to fight the bribery allegations against Adani Green Energy's top management

Gautam and Sagar Adani are accused of misleading investors about Adani Green Energy Ltd's anti-corruption policies during a September 2021 bond offering, which raised $175 million from US investors

Sustainable energy solutions provider Azure Power on Monday said it has issued a notice to prepay green bonds worth USD 310 million maturing in December 2024. The bonds (RG II) are backed by seven utility projects, originally commissioned between 2016 and 2019, a company statement said. The refinancing, valued at approximately Rs 24 billion, is structured as an INR Term Loan underwritten solely by REC Limited. The projects, with a total capacity of 615 MW, are spread across Punjab, Maharashtra, Uttar Pradesh, Andhra Pradesh, Gujarat, Karnataka, and Rajasthan. The green bonds were issued in 2019 for USD 350 million and are listed in Singapore. Azure Power Global Limited, a leading sustainable energy solutions provider and renewable power producer in India, issued a notice to prepay green bonds maturing in December 2024. "This refinancing reaffirms Azure Power's strong market position and our capability to raise funding at attractive terms," Sunil Gupta, CEO at Azure Power, said in

Nadella has unveiled an array of new AI programs - based on models from partner OpenAI - for most of Microsoft's major product lines, and demand has been strong for internet-based services

The one-notch downgrade of APE's and APSEP's debt ratings has been driven by governance issues related to internal controls and compliance

There is lack of clarity in impact of holding company's internal controls and compliance framework: Rating agency

Stock tanks after new CEO's sudden resignation, whistle-blower complaint

Rupesh Agarwal, formerly with CESL and BDO, to take reins of Azure

Azure Power announced that it has signed Power Purchase Agreements (PPAs) for 600 MW ISTS connected solar power projects with Solar Energy Corporation of India (SECI)

The path for green hydrogen in the country is not clear and at the moment, production of green hydrogen is slightly more expensive than grey hydrogen, Azure Power CEO Ranjit Gupta said on Tuesday

ReNew is looking to be fully funded for its equity requirements till fiscal year 2025 through this listing

This will take place in a series of inter-connected steps, according to the statement

Response time to customer request reduced from 12 hours to 2 hours, says insurer

This is one of the largest acquisitions of rooftop solar assets in India, the company said

Moody's said India's renewable energy sector grew by 20% in the last five years

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030

Diesel fuel currently accounts for less than 1 per cent of Microsoft's overall emissions and its use is primarily confined to Azure data centres