Page 6 - Latest Updates on Gautam Adani SEC indictment

Adani, Wilmar delay share sale as US bribery charges hit Adani group

Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law

Moody's and Fitch take rating action against Adani group companies

The rating action by Moody's, Fitch, and earlier S&P Global may weaken the group's access to external funding and increase its capital costs

Adani Green says no fresh financial commitment with TotalEnergies

On Monday, French energy major TotalEnergies said until such time as the bribery accusations against the Adani group individuals have been clarified, it will not make any new financial contribution

Andhra to review power deal linked to Adani Group amid US SEC charges

The Andhra Pradesh government was set to procure 7,000 MW of solar power from Adani Group through Seci aiming to supply cost-effective power to the agricultural sector

Stock Market Highlights: Sensex holds 80k, ends 100 pts down; Ratings downgrade jolt Adani shares

Stock Market Close Highlights: The NSE Nifty 50 index slipped below 24,200; Small-cap stocks outperformed the broader market, with the Nifty Smallcap100 closing 0.8 per cent higher on Tuesday.

Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows

In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.

Charges against Adani can be withdrawn after Trump takes over: Lawyer

There remains a possibility that the USD 265 million bribery case against Indian billionaire Gautam Adani can be withdrawn if the charges against him are deemed unworthy or defective after Donald Trump takes over as the US President, a prominent Indian-American attorney has said. Attorney Ravi Batra told PTI that while every new president has a new team, President-elect Trump as the 47th President of the US, who is forgoing FBI-checks for his Cabinet, will "neuter any prosecution that's not based in good faith, but is what he has powerfully termed: lawfare. Essentially, that means the law is being applied selectively to target one's opponents, which naturally denies the target of equal protection of the law guaranteed by our Federal constitution, Batra said. He added that that is an issue Gautam Adani can raise with his government, and request them to raise bilaterally with the incoming administration of Trump, who will be sworn in as the 47th US President on January 20, 2025. "If

'No new financial commitments under discussion with TotalEnergies': Adani

French energy conglomerate TotalEnergies would pause further investments in Adani Group companies due to corruption allegations made by the US SEC

Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

The US credit rating agency places three Adani entities under Rating Watch Negative status

Fitch puts some Adani bonds on negative watch after US SEC bribery charges

US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew Sagar Adani and six others for their alleged roles in a $265-million scheme

Andhra govt mulls next steps on Adani, if power deal can be scrapped

Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place

Adani Group shares drew retail investors just before US probe pullback

Individual stock holdings in eight of the group's 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg

Was kept in dark over YSRCP govt initiating SECI deal: Ex-Andhra minister

Former Andhra Pradesh Energy Minister and Janasena leader B Srinivasa Reddy on Monday said that he had no knowledge of the erstwhile YSRCP regime initiating a deal with the Solar Energy Corporation of India (SECI), which is now embroiled in an alleged international bribery scandal. 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 the Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate. The previous YSRCP regime in Andhra Pradesh is embroiled in this alleged scam with claims that government officials received bribes from the Adani Group. Reportedly, the southern state signed solar power deals with the SECI which are also allegedly connected to these allegations. I don't know that they (erstwhile YSRCP regime) spoke to SECI. They are saying that I signed the document. I didn't sign

Adani case: US state dept declines comment on disruptions in Parliament

The US State Department refused to comment on the disruptions in Indian Parliament over the indictment of billionaire Gautam Adani in a US court on charges of bribery. "That is a law enforcement matter," State Department Spokesperson Matthew Miller told reporters at his daily news conference on Monday. He was responding to a question about Leader of Opposition in Lok Sabha Rahul Gandhi demanding the immediate arrest of Adani. "Is this something you support, such as the arrest and investigations, charges against Adani" he was asked. "I would defer to my colleagues at the Department of Justice to speak to it," Miller said. The US authorities have indicted Gautam Adani and seven others including his nephew Sagar Adani, for being part of an alleged USD 265 million bribery scheme. Lok Sabha and Rajya Sabha proceedings were adjourned for the day on Monday as opposition parties led by Gandhi's Congress tried to raise the issue of Adani's indictment. Last week, a five-count criminal ...

Will not compromise on demand for JPC probe into Adani issue: Ramesh

Jairam Ramesh noted that the opposition parties will also demand a discussion on Manipur and Nagaland

TotalEnergies pauses investments in Adani Group after bribery charges

But group wins GQG's vote of confidence

Comfortable liquidity, enough debt cover for 28 months: Adani group

Group reports Rs 53K cr cash buffer, robust operational cash flow amid bribery charges

GQG Partners reaffirms confidence in Adani group despite US indictment

In March 2023, GQG invested in five companies of the Adani group, including flagship Adani Enterprises, Adani Ports & SEZ, Adani Green, Adani Energy Solutions, and Ambuja Cements

Here's all you need to know about Adani's US SEC bribery indictment

The scandal has also raised concerns about market and public disclosure lapses by Adani Group

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.