Page 12 - Adani

Oppn pushes for discussion on Adani: Cong, AAP give notices in Parliament

Earlier, Congress MP Manickam Tagore B also announced that he would also move for an adjournment motion in Lok Sabha

Parliament session kickstarts today: Waqf bill, Adani case to be discussed

Congress MP and Leader of Opposition in Rajya Sabha Mallikarjun Kharge is expected to decide the strategy

Solar sector caught in a haze as Adani storm to hit funding, project plans

Sector majors are likely to shy away from SECI tenders, stating that Letters of Allocation (LoA) are no longer a gold standard

Adani Group to respond to US bribery allegations after legal review

Adani Group has denied any wrongdoing and said it would seek all possible legal recourse to defend itself

Adani group: State Bank of India has Rs 33,800 cr exposure, shows data

Meanwhile, among private banks, who only 4 per cent share in Adani group's debt, Yes Bank, ICICI Bank, IDBI Bank, and IndusInd Bank, and others have substantial exposure to the group

Sebi asks exchanges to look into disclosure concerns on Adani Group

Exchanges have sought clarification from the group entities on LODR-related lapses, if any

S&P Global revises its outlook on three Adani entities to 'negative'

S&P Global Ratings in a statement said US indictment of three board representatives of Adani Group entity could affect investor confidence in other group entities

Adani group firms' debt to equity ratio at 15-year low in H1 FY25

In post-Covid period, their net worth has grown at a faster clip than borrowing

Stock market surges, Delhi Assembly elections, Adani Group & more

Today, the BSE Sensex jumped over 2,000 points intraday, with the Nifty 50 crossing 23,900, driven by strong US labour data, financial stock gains, and a recovery in Adani Group stocks

Andhra CM to study US chargesheet on Adani bribery case, take action

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state government is in possession of the "chargesheet reports" filed in the US related to the alleged bribery scam involving the previous YSRCP government and the Adani Group, and promised to act on the irregularities. Business tycoon and Adani Group chairman Gautam Adani has been charged by the US Department of Justice 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. The previous YSRCP regime is embroiled in the alleged scam with claims that government officials received bribes from the Adani Group. Addressing the Assembly, the Chief Minister said his government will study those charges and act on them. "I have all the chargesheet reports filed there (US). It is in the public domain. Will study it (the allegations and indictment). Will act on it and inform ...

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

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

Charges against Adani could lead to warrants, extradition bid: US attorney

With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than USD 2 billion in profit over 20 years. Adani Group, however, denied the charges saying the allegations by US prosecutors are "baseless" and the conglomerate is "compliant with all laws". US Attorney Breon Peace has the right to get arrest warrants issued against Adani and seven others indicted and serve them on the nations where they reside, Indian-American attorney Ravi Batra told PTI on Thursday. He further sa

Unreliable, chronic liar: BJP's CR Kesavan lashes out at Rahul Gandhi

Taking a dig at Rahul Gandhi, BJP's Kesavan said that Rahul Gandhi was exposed in the HAL matter that he raised during the previous Lok Sabha elections as the company's revenue has been increased

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%

Here's how Gautam Adani's alleged bribery scheme took off and unraveled

The alleged hundreds of millions of dollars in bribes promised to local Indian officials caught the attention of US Justice Department and Securities and Exchange Commission

Here's what's next for Gautam Adani after US bribery and fraud charges

Adani is charged with foreign bribery, securities fraud, securities fraud conspiracy and wire fraud conspiracy

Adani Energy Solutions to acquire 100% stake in Pune- III Transmission

Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle - Pune- III Transmission Ltd. The Pune- III Transmission Limited (PTL) projects include the establishment of new 2x1500 MVA, 765/400 kV and 3x500 MVA, 400/220 kV Pune-III substations and setting up of 816 ckm transmission line, according to a regulatory filing. AESL has "executed a Share Purchase Agreement (SPA) with PFC Consulting Limited for acquiring 100 per cent equity shares of Pune- III Transmission Limited," the filing said. Under this pact, PTL will aim to implement evacuation of 7 GW of renewable energy from Khavda RE Park (Gujarat), under the Phase IV Part D package. The acquisition is proposed to further AESL's strategy of enhancing value for its shareholders through organic and inorganic opportunities. On acquisition cost, AESL said the equity shares will be acquired at a face value of Rs 10 each.