WebinarsNew
Deep DiveNew
Explore Business Standard
Gautam Adani
US Secretary of State Marco Rubio met Adani Group chairman Gautam Adani and Tata Sons chairman N Chandrasekaran in Mumbai on Wednesday morning before heading to Jamnagar in Gujarat to visit Reliance Industries' giant oil-refining complex, the world's largest single-site refinery, along with Vantara and giga factories being developed by the conglomerate. Rubio, who arrived in Mumbai on Tuesday afternoon, first met Adani, followed by a meeting with Chandrasekaran, sources said. Neither side released details of the meetings. Adani heads one of India's largest conglomerates, with interests spanning ports, airports, energy, logistics and infrastructure. The group has also been expanding its renewable-energy and manufacturing businesses, sectors that are central to India's ambitions to strengthen domestic supply chains and attract global investment. Chandrasekaran, who leads Tata Sons, the Tata Group's holding company, oversees a sprawling business empire with interests in automobiles, .
Adani Group Chairman Gautam Adani on Thursday announced that the conglomerate would invest more than Rs 1 lakh crore in West Bengal by 2035. Addressing a gathering after laying the foundation for a 2,000-bed hospital in the New Town area near Kolkata along with Chief Minister Suvendu Adhikari, Adani said the group would spend Rs 4,000 crore on the multi-speciality 'Adani Arogya Mandir', and the project would create 10,000 jobs. Adani Group investments in West Bengal will be in ports, logistics, power, roads and data centre, the industrialist added.
Billionaire Gautam Adani urged India's credit-rating agencies on Monday to develop broader analytical frameworks for infrastructure projects, arguing that conventional models can underestimate the economic and strategic value of large platforms that create new markets and industrial ecosystems. Speaking at the CareEdge Group Annual Summit in Mumbai, the Adani Group chairman said India did not need lower credit standards but "wider lenses" to assess infrastructure whose value extends beyond the cash flows of a single asset. "India does not need lower standards. India needs wider lenses," Adani said, calling on CareEdge to develop what he described as the world's first comprehensive credit framework for "integrated platform infrastructure." The remarks come as India accelerates investment in ports, renewable energy, power transmission, digital infrastructure and manufacturing as it seeks to build a more developed economy by 2047. Adani argued that conventional credit models, often bu
Adani Group Chairman Gautam Adani on Wednesday said the dismissal of the US criminal case has left him with humility rather than triumph, saying the experience reinforced his faith in the rule of law and the importance of honouring commitments through periods of adversity. Speaking to employees and partners in the second edition of Apni Baat, Apno Ke Saath, Adani reflected on the Hindenburg Research allegations of 2023 and the subsequent US Justice Department case, days after a federal judge in New York dismissed the criminal charges against him and his nephew Sagar Adani. The judge's ruling ended the criminal case, but also raised concerns about the Justice Department's decision-making process. Adani said the episode had strengthened his conviction that "enduring confidence is earned by honouring commitments, standing by one's values and doing the right thing, especially in difficult times", according to a statement issued by the conglomerate. Recalling the Group's decision to ...
Congress leader Rahul Gandhi on Wednesday criticised Prime Minister Narendra Modi after a US federal judge permanently dismissed criminal charges against Adani Group Chairman Gautam Adani, saying there is much more to this than meets the eye as a "compromised PM" was forced to sell India's interest. The Leader of Opposition in Lok Sabha also claimed that India is paying a huge price for it. In an X post, Gandhi shared a screenshot of a media report on the US court approving the US Justice Department's request to dismiss the charges against Adani and his nephew Sagar Adani. "There is much more to this than meets the eye," he said in his post. "A compromised PM was forced to sell India's interest. India is paying a huge price," the post read. The US federal judge permanently dismissed criminal charges against Gautam Adani and nephew Sagar Adani, removing a major legal overhang that had dogged the ports-to-energy conglomerate for nearly two years. US District Judge Nicholas Garaufis
A 10-week defence campaign involving about 600 pages of legal submissions, presentations and expert testimony helped persuade the US Justice Department to drop bribery and securities fraud charges against billionaire Gautam Adani, according to newly unsealed court filings that detail how one of the year's highest-profile corporate prosecutions was abandoned. Robert J. Giuffra Jr, Adani's lead lawyer and co-chair of Sullivan & Cromwell, in a July 14 filing said the effort, which ran from February 3 to April 17, included a 118-page submission to prosecutors, a 12-page supplemental filing and two slide presentations totalling 130 pages. A separate 151-page presentation was also submitted to the US Securities and Exchange Commission in March. The filing provides the clearest public account yet of how federal prosecutors reversed course in one of the year's most closely watched corporate prosecutions. The case began on November 20, 2024, when US prosecutors unsealed an indictment ...
Adani Group Chairman Gautam Adani has denied under oath that there was any promise, agreement or deal behind the US Department of Justice's move to dismiss a criminal indictment against him, saying, in a sworn affidavit, that he was unaware of any exchange connected to the decision. The affidavit was filed in response to a July 8 order by the US District Court for the Eastern District of New York asking Adani to state under oath whether he was aware of any promise, offer or agreement related to the dismissal of the indictment. Adani said he was not aware of "anything promised, offered, sought, received, agreed to, or accepted" by anyone in connection with the dismissal, and denied knowledge of any agreement involving an exchange of anything of value for dropping the criminal charges. The Justice Department had moved to dismiss charges filed in 2024 under the Biden administration, accusing Adani and seven others of participating in a scheme to pay about USD 250 million in bribes to .