Page 26 - Adani Group

Adani's reckoning: Sebi probes, political uproar, and foreign capital woes

Sebi may now launch fresh inquiries. Parliament will open to uproar, and Adanis' access to foreign capital will become impossible. The damage this time will be deeper and longer-lasting

Settlement may shield Adani Group from further public scrutiny: Experts

Lawyers added that while the US laws allow for settlements in bribery cases, governed by the Foreign Corrupt Practices Act, India does not have any law for settlement of bribery charges

Exchanges seek clarification on disclosure violations by Adani Group firms

Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya's airport expansion deal. In its response to the case in the US, Adani Group firms on Thursday had said "there are no allegations made against the company". On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses. While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action. Billionaire Gautam Adani, his nephew Sagar Adani, and others have been charged by US prosecutors with allegedly being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. The United

Adani Group faces funding concerns after US indictment against founder

Research firm CreditSights highlighted refinancing for the conglomerate's green energy business, which is at the centre of the allegations, as its biggest near-term concern

Stock Market Rally Highlights: Sensex soars 1,960 pts, Nifty ends above 23,900; SBI, TCS jump 4%

Stock Market Highlights: Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.

People linked to Adani bribery case associated with Cong: Andhra BJP chief

Andhra Pradesh BJP president D Purandeswari on Friday said the allegations emanating from the US against the Adani Group raises serious questions and claimed that all those linked to these allegations are associated with the Congress party. Business tycoon and Adani Group chairman Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate. Recent allegations from the U.S. SEC (Securities and Exchange Commission) against the Adani Group have raised serious questions... this situation poses a significant question for Rahul Gandhi, since all individuals linked to these corruption allegations are associated with the Congress party and none are from the BJP, said Purandeswari in a post on X. Referring to the DMK government in Tamil Nadu, erstwhile YSRCP government in Andhra Pradesh, previous Congre

Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Adani Group has said the accusations are baseless and that it will seek all possible legal recourse

Jayalalithaa signed agreement with Adani Group, says DMK spokesperson

Minister Senthil Balaji has clarified that the Tamil Nadu Electricity Department has never entered into any kind of power purchase agreement

Sebi investigating Adani Group over possible breach of disclosure norms

The process of fact-finding is expected to continue for two weeks following which Sebi could decide if it wants to open a formal investigation

Global banks weigh halting fresh credit to Adani Group after US indictment

The most likely liability facing the banks is civil liability from investors introduced to Adani through the banks

Global banks weigh halting fresh credit to Adani Group after US indictment

The most likely liability facing the banks is civil liability from investors introduced to Adani through the banks

Adani's Australian coal unit faces human rights complaint for racism

Complaint details how Adani employees verbally and physically obstruct and prevent 'members of the Aboriginal group from accessing springs near Adani's Carmichael coal mine' to perform cultural rites

US bribery taint melts Adani stocks; Kenya cancels airport, energy deals

Adani, others in $265 mn bribery case

Gautam Adani US indictment: Adani Group stocks extend fall by another 11%

In two days, the stock price of Adani Enterprises and Green Energy have tanked by 28%, Adani Energy slipped 27%, while Ports, Power, Total Gas, Wilmar and Ambuja Cements are down between 14% and 18%

Stocks to watch, Nov 22, 2024: Adani Group stocks, Tata Power, NTPC, LIC

Stocks to watch on November 22, 2024: Here is a list of stocks from Infosys to Hyundai Motor India which will be on radar today

'Bribe notes' with rates: Filings detail Sagar Adani's role in scandal

Sagar Adani, nephew of billionaire Gautam Adani, noted amount of the bribe he offered, which government official had been offered money and how much solar power official's region would buy in return

Proxy advisory firms raise alarm on charges against Adani executives

'Allegations can have long-term impact on cost of borrowing'

Adani saga: Lack of takers for RE key reason behind corruption case

SECI could not find buyers for the said "Corrupt solar project," companies resorted to bribing states: SEC findings

Gautam Adani family net worth falls 20% to around Rs 7.8 trillion

At its peak, it was worth $136.3 bn at the end of July this year

Experts warn of severe legal fallout for Adani group and associates

Experts say that under the provisions of US law, particularly the FCPA, an indictment of this nature is a serious offence