Relief for Adani Group: Why did the US drop all charges against Gautam Adani

Last Updated: May 20 2026 | 12:50 PM IST

Add as Preferred source

The US Department of Justice dropped all criminal charges against Gautam Adani, bringing the high-profile alleged bribery case to an end. Adani Enterprises also settled a case related to Iran sanctions violations involving LPG imports. Adani had been accused of agreeing to pay $265 million in bribes to Indian government officials to secure approvals for developing the country’s largest solar power project. In a filing before the court, the US Department of Justice requested for dismissal of the indictment "with prejudice".

Other Videos

Second half of 2026: Is the worst over for Indian stocks?

The first half of 2026 tested Indian markets with tariffs, geopolitical tensions, FPI outflows and volatile commodities. Yet, small- and mid-caps managed to outperform while IT struggled.

Updated On: 01 Jul 2026 | 10:05 PM IST

VB-G RAM G comes into force Here's how it changes India's rural employment

After 20 years, MGNREGA has officially been replaced by VB-G RAM G (Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission – Gramin). The new rural employment law promises 125 days of guaranteed work

Updated On: 01 Jul 2026 | 9:47 PM IST

WhatsApp's biggest update | Chat without sharing phone number: How will usernames work?

WhatsApp has started rolling out reservations for usernames, a feature that will let users connect with others without sharing their phone numbers.

Updated On: 01 Jul 2026 | 9:21 PM IST

IndiGo launches 'Lite' fare: What changes for flyers | Indigo airlines | Cheap flight tickets

IndiGo has introduced a new budget-friendly fare called 'IndiGo Lite' for passengers travelling with only cabin baggage. Here's what the new fare includes, who can book it

Updated On: 01 Jul 2026 | 9:16 PM IST

Markets rise in July: Will the Sensex deliver again? | BSE | NSE | Nifty 50 | Bank nifty

July has traditionally been one of the strongest months for Indian equities. As earnings season begins and investors watch the monsoon and foreign flows, can history repeat itself?

Updated On: 01 Jul 2026 | 9:10 PM IST

Why Ford brought back 300 engineers after betting big on AI

Ford spent years investing in AI to improve vehicle quality. But after discovering that technology alone wasn't enough, the automaker brought back over 300 veteran engineers. Why did AI fall short

Updated On: 01 Jul 2026 | 9:06 PM IST

Quick commerce is booming. So why have Blinkit and Swiggy shed $15 billion?

Despite rapid growth, Eternal (Blinkit) and Swiggy have lost over $15 billion in market value as Amazon, Flipkart and Reliance intensify the battle.

Updated On: 01 Jul 2026 | 8:59 PM IST

Key financial changes from July 1: What taxpayers, travellers & Aadhaar card holders should know

July 1 brings a host of important changes that could affect millions of Indians. From the ITR filing deadline and free Aadhaar email updates to higher passport fees and new credit card rulesl

Updated On: 01 Jul 2026 | 8:53 PM IST

Why Europe's heatwave has already killed 1,300 people | El Niño | France | Germany | WHO

Europe is witnessing one of the worst heatwaves in its recorded history. The ongoing heatwave has caused more than 1,300 excess deaths since June 21, according to the World Health Organization

Updated On: 01 Jul 2026 | 8:47 PM IST

Gold prices on a downward trend

Gold prices have fallen by over ₹50,000 from their record high, but instead of buying more, Indians are selling their gold. What's driving this surprising trend, and is now the right time to invest? W

Updated On: 01 Jul 2026 | 8:34 PM IST

Explore News