Gautam Adani

SEC, Adanis seek extension, propose new briefing schedule in US case

The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses. In a filing before the US District Court for the Eastern District of New York, the parties said they had conferred in line with the court's April 7 directive and agreed on a new timeline, which has been submitted for approval to Judge Nicholas G Garaufis. The SEC had sued Adani Group founder Gautam Adani and his nephew, Sagar, in November 2024, alleging they had misled investors by failing to disclose an alleged bribery scheme tied to Indian state officials, framing the case under US securities laws. Denying all allegations, the two, through their lawyers, on April 7, filed a pre-motion letter ahead of a planned April 30 motion, seeking dismissal of a fraud lawsuit, arguing the case represents an impermissible extraterritorial applicatio

Adani overtakes Ambani to become Asia's richest with $92.6 bn net worth

Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia's richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of USD 92.6 billion, Adani surpassed Ambani, whose fortune stands at USD 90.8 billion, to become the richest person in India and Asia, according to the latest billionaire rankings. Adani, founder of his eponymous group, oversees India's largest private seaport network, is the country's biggest renewable energy producer and private airport operator, and ranks among the world's largest coal traders. He is currently ranked No. 19 on the Bloomberg Billionaires Index, which tracks the world's 500 richest individuals and is updated daily. Adani's wealth is largely derived from his shareholdings across the group's 10 listed companies. A recent surge in Adani Group stocks has added billions of dollars in market value, underscoring strong investor appetite for assets linked to .

Adani Group stocks jump up to 10% as US court accepts plea to drop SEC case

In its petition, the Adani Group had sought the dismissal of the SEC lawsuit, claiming a lack of US jurisdiction and an impermissible extraterritorial application of US law.

Industrialist Gautam Adani to seek dismissal of SEC fraud case in US court

Adani's lawyers said the SEC's claims were "impermissibly extraterritorial," and no ​statements challenged by the regulator were ‌actionable

Moving to three-layer structure to flatten hierarchy, says Gautam Adani

Gautam Adani says group is redesigning structure to boost agility and decision-making, while APSEZ targets 1 billion tonnes cargo handling by 2030

Adani meets CM Yogi in Lucknow, backs UP's $1 trillion economy roadmap

Industrialist Gautam Adani met Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow and expressed support for the state's ambitious economic growth targets, officials said on Friday. Following the meeting on Thursday, Adani shared a post on X, praising the chief minister's vision for transforming Uttar Pradesh into a major economic powerhouse. The Adani Group chairman highlighted the roadmap presented by Adityanath, which aims to make Uttar Pradesh a USD 1 trillion economy by 2030 and expand it further to USD 6 trillion by 2047. "Some visions reshape nations. Hearing Chief Minister Yogi Adityanath lay out the roadmap for Viksit Uttar Pradesh was an unforgettable moment. A USD 1 trillion economy by 2030. USD 6 trillion by 2047. This is a declaration of what UP is capable of becoming," Adani posted on X early Friday. "The Adani Group is proud to contribute to UP's transformation through investments in key sectors such as power, defence, airports, logistics, industrial parks and da

Adani in talks with Meta, Google for partnerships in data centre business

Walmart Inc.'s Flipkart is also engaged in talks with the tycoon and the Adani Group is exploring sites across Indian states for the centres

Women shaped my journey, says Gautam Adani on International Women's Day

Marking International Women's Day, Adani Group chairman Gautam Adani on Sunday paid tribute to the women who shaped his life and journey, saying the foundations of his success were built on the strength, values and support he drew from family. Writing on LinkedIn, he reflected on the influence of his mother Shantaben Adani, recalling how stories from Indian epics such as the Ramayana during his childhood instilled values of courage, sacrifice and duty. He said he later understood the depth of those lessons when, at the age of 16, he left home for Mumbai to build his own career, recalling the strength it must have taken for his mother to allow him to step into an uncertain future. Adani also acknowledged the role of his wife Priti Adani, who left a career in dentistry to lead the Adani Foundation, which he said now works across 22 states in India in areas including education, healthcare and livelihoods and has touched more than 10 million lives. He praised daughters-in-law Paridhi .

Hurun Rich List 2026: India now has 308 billionaires, ranks third globally

India added 57 billionaires in the past year, even as Mukesh Ambani remained Asia's richest person and Mumbai strengthened its position as a major global hub for billionaire wealth

Adani Ports gain 3% on major MoU with NMDC, Brazil's Vale for iron ore

Adani Ports' subsidiary Adani Gangavaram Port (AGPL) has signed a strategic pact with NMDC, a Government of India enterprise, and Vale SA at the India-Brazil Business Forum Summit held in New Delhi

US inquiring about alleged Iranian oil imports, says Adani Enterprises

The inquiry adds to ongoing scrutiny of the conglomerate, including a US bribery probe in which the group's chairman has been indicted

Adani Enterprises in talks with US agency over bribery allegations

Adani Enterprises said it received a Request for Information from the US Office of Foreign Assets on February 4, adding the communication does not cite any findings of irregularities or non-compliance

Ambani, Adani group stocks surge after India-US finalise trade deal

While the trade deal's details are still unknown, it removes a key overhang for companies led by Asia's two richest people, both of whom had been in American cross-hairs for much of last year

Adani Group shares soar up to 12% as broader rally on India-US trade deal

Adani Enterprises, the group's flagship, jumped as much as 12 per cent, marking its steepest intraday gain since November 2024

US SEC fraud case against Adani to proceed after procedural issue resolved

In a Friday filing in a Brooklyn federal court, the SEC and US lawyers for Gautam and Sagar Adani said they agreed to accept legal papers, removing the need for a judge's ruling on service

Adani pivots to local debt, aims to raise $10 billion over three years

A move last week by the US SEC to advance its stalled fraud case against Adani brought another reminder of the uncertainties burnishing the appeal of local funding

Adani Enterprises shares jump 6% on multiple triggers; group stocks rebound

Adani Defence subsidiary firms completed an additional stake acquisition in Flight Simulation Technique Centre Pvt Ltd, taking its effective shareholding to 72.8 per cent

Adani Group shares under pressure; Adani Ent, Green, Energy slip up to 10%

Adani Green Energy stock slipped 10% to ₹814 in intra-day deal, while Adani Energy Solutions (₹840) and Adani Enterprises (₹1,895.50) were down 9% each.

US SEC seeks alternative pathway to advance stalled Adani fraud case

The SEC's lawsuit, filed in November 2024, alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

Adani Group plans ₹1.8 trn defence spend to boost military capabilities

Adani Group plans to invest Rs 1.8 lakh crore next year in defence manufacturing, with a focus on strengthening capabilities in unmanned and autonomous systems as well as advanced guided weapons as it looks to play a stealth anchor role in India's future warfare capabilities, sources said. Adani Defence & Aerospace in 2025 transitioned from extended planning cycles to rapid deployment with some of its military hardware being used in Operation Sindoor. Next year, it will invest in unmanned and autonomous systems, advanced guided weapons, sensors and electronics, AI-enabled multi-domain operations, and scaled-up maintenance, repair and overhaul (MRO) and training infrastructure, company sources said. Autonomous systems across air, sea and land domains are unmanned platforms that use sensors, software and secure networks to operate with minimal human intervention, expanding military reach while reducing risk to personnel. In the air, they include UAVs that conduct intelligence, ...