Page 8 - Latest Updates on Gautam Adani SEC indictment

Global lenders may freeze fresh credit to Adani firms, await govt reaction

The banker said most of the group firms have stable cash flows and are not in "desperate need" to raise capital

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

Will act on 'irregularities': Andhra Pradesh CM on Adani Group case

Congress demands JPC probe; BJP says DMK, BJD, YSRCP are 'close to Cong'

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

CCI unlikely to act on media reports regarding Adani bribery issue

Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over $250 million bribe to Indian officials

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

Arrest warrant for Gautam Adani after bribery charges: what’s next?

Reports reveal that a US arrest warrant has been issued for Gautam Adani. Watch the video to know the details.

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.

Rs 1,750 crore bribe linked to Adani's 2021 meet with Jagan: US agency

The SEC alleges Gautam Adani paid a Rs 1,750 crore bribe in 2021 to secure Andhra Pradesh's solar power deal, sparking denials and political controversy

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

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

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

Lalu backs Rahul Gandhi's call for Adani's arrest , says Rahul is right

Congress chief Mallikarjun Kharge demanded a comprehensive Joint Parliament Committee (JPC) investigation into the matter including Adani group's investments in foreign countries

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

Adani, others in $265 mn bribery case