Page 28 - Adani Group

Gautam Adani's US indictment rattles stocks, Kenya cancels airport deal

News of the charges wiped billions of dollars on Thursday from the market value of companies within Adani Group

Adani cos tried to enter Delhi power sector but Kejriwal stopped them: AAP

The Adani group tried to enter Delhi's power sector but was stopped by then chief minister Arvind Kejriwal, AAP Rajya Sabha MP Sanjay Singh claimed Thursday and stressed the need for accountability after industrialist Gautam Adani was charged in the US for alleged bribery and fraud. The billionaire industrialist has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange of favourable terms for solar power contracts. This was concealed from the US banks and investors from whom the Adani group raised billions of dollars for the project, the prosecutors have alleged. The Adani group denied the charges, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. It also said that all possible legal recourse will be sought. In a press conference, Singh claimed that Adani Green Energy secured power supply contracts in several states, including .

Two Adanis, a foreigner, and 5 others charged with corruption: Who they are

Gautam Adani US indictment: Eight people, including Gautam Adani, his nephew Sagar Adani, and an individual named Cyril Cabanes, have been named by the US SEC in the alleged corruption case

Gautam Adani charged by SEC: Key FCPA corruption cases and their results

US SEC accused Gautam Adani and seven others of paying $265 million in bribes to Indian government officials to secure solar energy project contracts for Adani Green Energy

Stock Market Highlights: Sensex dips 420 pts, Nifty ends below 23,350; Adani, PSU bank shares tank

Stock Market Highlights: 37 of the Nifty50's 50 constituent stocks ended in the red, dragged by Adani Enterprises, Adani Ports, SBI Life, SBI, and NTPC, with losses of up to 23.44 per cent

Adani Enterprises tests Jan 2023 Hindenburg fall support; can slide 34%

Adani Enterprises stock may re-test support around its 200-WMA, like it did post the Hindenburg allegations in Jan-Feb 2023, technical chart shows.

Gautam Adani charged by US in $265 million bribery case: Top things we know

Gautam Adani, his nephew Sagar, and Cyril Cabanes, a former board member of Azure Power, charged by the US SEC in a bribery and fraud scheme

SEC charges Adani in $265 mn bribery scandal: Here are the key allegations

The case alleged that Gautam Adani and others conspired to pay about $265 million in bribes to Indian govt officials to secure energy contracts for Adani Green. To understand the allegations, read:

DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials

Cyril Cabanes faces US SEC charges: Foreign Corrupt Practices Act explained

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

'Baseless': Adani Group denies US SEC $265 million bribery allegations

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

Adani group stocks' combined mcap erodes by Rs 2.45 trn amid allegations

Adani group stocks faced heavy drubbing during the morning trade on Thursday, with the combined market valuation of all the listed firms getting eroded by Rs 2.45 lakh crore, as billionaire 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. The stock of the group's flagship firm Adani Enterprises plunged 22.99 per cent, Adani Ports dived 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.53 per cent and Adani Total Gas tumbled 18.14 per cent on the BSE. Shares of Adani Power slumped 17.79 per cent, Ambuja Cements cracked 17.59 per cent, ACC fell 14.54 per cent, NDTV dropped 14.37 per cent and Adani Wilmar declined 10 per cent. Some of the group firms also hit their lowest trading permissible limit for the day. The combined market capitalisation (mcap) of all the ten listed group firms eroded by R

Here's why Sensex crashed 902 pts from day's high, Nifty below 23,300 today

Indian equities were under pressure again on Thursday owing to a confluence of factors led by billionaire Gautam Adani's indictment in a bribery case by US Securities and Exchange Commission (SEC)

Adani Green calls off US-bond fund raising after bribery allegations

This is the second time the conglomerate had to call-off a fundraising due to governance related developments

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

Adani Group shares plunge up to 20% post US SEC bribery, fraud charges

Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.

How SEC's Adani charges differ from Hindenburg's fraud allegations

The SEC charges Gautam Adani with bribery and fraud, while Hindenburg accused the Adani Group of stock manipulation and accounting fraud. Here's how the allegations differ

Adani Group sees $22 billion in value wiped off after US indictments

Adani group's 10 listed stocks had a total market capitalisation of about $147 billion at 0411 GMT, compared to $169.08 billion on Tuesday

Nifty PSU Bank index slips 5%; PNB, BOB, Canara, SBI dip up to 7%

At 10:00 AM, the Nifty PSU Bank index, the top loser among sectoral indices, was down 4.7 per cent, as compared to the 0.92 per cent decline in the Nifty 50

Market Today: F&O rules, Adani Group stocks, NTPC Green IPO, Zinka listing

Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry