Page 2 - Gautam Adani

Adani's lawyers ask US court to formally end bribery case after DOJ retreat

The Indian billionaire's lawyers argued that the case falls outside US jurisdiction and that prosecutors cannot prove the alleged bribery in India

Adani group firms rally after AGM; Morgan Stanley raises Adani Power target

Group companies gained after Gautam Adani outlined expansion plans at the AGM, while Morgan Stanley raised its target price for Adani Power and retained an overweight rating

Adani Power to invest over ₹2 trn in five years, target 45 GW capacity

Gautam Adani says the group is expanding across power, nuclear energy, transmission, ports, data centres and cement, backed by large-scale infrastructure investments

Adani Group unveils plan for 10 GW nuclear energy capacity by 2035

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector

Adani Group AGM: Gautam Adani shares three-pronged plan; focus on workforce

Adani said the group will simplify management structures, strengthen contractor partnerships and improve welfare standards for its nearly 400,000-strong workforce

As trillion-dollar fortune beckons Musk, how far behind are the rest

SpaceX's blockbuster IPO could make Elon Musk the world's first trillionaire. Here's a look at the wealthiest people globally and in India

Adani says US legal issues behind it, bets on AI-driven infrastructure boom

Billionaire Gautam Adani said the Adani Group has moved beyond its US legal challenges and is accelerating investments across energy, transport, logistics and digital infrastructure, positioning itself to benefit from rising demand for artificial intelligence-led growth. In his annual letter to shareholders, Adani said the conglomerate remained committed to expansion despite heightened scrutiny over the past year, adding that matters related to the group's US legal proceedings were now "behind us", allowing it to focus on its next phase of growth. Adani described the group's recent Rs 24,930 crore rights issue in flagship firm Adani Enterprises as a vote of confidence from investors at a time when the conglomerate faced questions over governance and regulatory issues. "Even though it was a year in which the world grew more fractured, complex energy security models returned to the centre of national strategy and technology became inseparable from sovereignty, Adani Group remained ...

Adani firms extend rally to recoup losses sparked by Hindenburg

Adani Group stocks have erased losses triggered by the 2023 Hindenburg report as investor confidence returns amid easing regulatory pressures

Relief for Adani Group: Why did the US drop all charges against Gautam Adani

The US Department of Justice dropped all criminal charges against Gautam Adani, bringing the high-profile alleged bribery case to an end.

Adani stocks gain as US drops charges in New York case; Adani Green up 4%

Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.

US ends civil, criminal cases against Adani after $10 bn investment promise

It is the latest example of Trump's Justice Department abandoning a high-profile case brought under his Democratic predecessor, Joe Biden

Adani settles alleged Iran sanctions violation case with US Treasury

Adani Group on Monday agreed to pay USD 275 million to settle allegations of violation of US sanctions on Iran, with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) saying the Indian conglomerate extended "extensive cooperation" with the investigation and made "proactive" disclosures. Adani Enterprises, the group's flagship firm, had bought shipments of liquefied petroleum gas (LPG) from a Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran. The settlement does not constitute a finding of guilt or wrongdoing and resolves all related liabilities. "AEL agreed to settle its potential civil liability for 32 apparent violations of OFAC's Iran sanctions," OFAC said. From November 2023 to June 2025, AEL purchased shipments of LPG from a Dubai-based trader purporting to supply Omani and Iraqi gas. While the Dubai supplier represented itself as a reputable middleman supplying LPG primarily from Oman, as well as Iraq, in .

Adani Group revives plans to raise $1 billion via US-listed dollar bond

The fundraising may take place over the next three to four quarters, or by early next year, the people said. If carried out, it would mark the first US-listed debt issuance by an Adani Group firm

Compromised PM didn't sign deal but bargain for Adani's release: Rahul

Congress leader Rahul Gandhi on Friday accused Prime Minister Narendra Modi of signing a trade deal with the US only to secure the "release" of billionaire businessman Gautam Adani. "Compromised PM did not strike a trade deal, but a bargain for Adani's release," Gandhi said in a post in Hindi on X, after reports that the US has agreed to settle the lawsuit that accused Adani of hiding alleged bribery. The US government has agreed to settle the lawsuit filed against Adani, who is accused of duping investors by concealing that his company's huge solar energy project in India was being facilitated by an alleged bribery scheme, according to court filings published Thursday. Reacting to the reports, Congress general secretary in-charge communications Jairam Ramesh said it was now clear why the PM agreed to the "hopelessly one-sided Indo-US trade deal that was really a steal by the US". "And it is also clear why he abruptly halted Operation Sindoor on May 10, 2025, acting on President ..

Adani Group stocks: Enterprises, Ports, Green hit 52-week highs; here's why

Adani Green Energy in an exchange filing said the US SEC, Gautam Adani and Sagar Adani filed their request for entry of final judgment, on consent, before the US Eastern District NY Court on May 15.

Gautam Adani, nephew near end of US legal battle with $18 mn SEC settlement

Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations that they made false and misleading representations about Adani Green Energy

Gautam Adani may get relief as US weighs dropping fraud charges

Ending the cases would be a significant boon to the Adani Group, one of India's most powerful companies, whose interests range from coal mining to renewable energy and airports

West Asia conflict: India must not rent its intelligence future, says Adani

Adani stated that true independence in the 21st century will mean owning energy and intelligence

Adani calls for India to build, power, and own AI infra on home soil

Billionaire Gautam Adani said on Monday that energy security and digital infrastructure would define geopolitical power in the coming decades, as he called on India to build sovereign capabilities across the artificial intelligence value chain. Addressing the Confederation of Indian Industry's (CII) Annual Business Summit 2026, the chairman of the Adani Group said the assumptions underpinning decades of globalisation were being dismantled amid rising geopolitical fragmentation. "The world that is emerging is not flat. It is fractured and contested," Adani said. "Semiconductors have become instruments of statecraft. Data is being treated as a national resource. Clouds are being weaponised. And Artificial Intelligence is being built behind the protective walls of data centres." Referring to recent geopolitical conflicts and attacks on infrastructure, Adani said "energy security and digital security are now the twin pillars of national power." "The country that controls its energy wil

Adani Group unveils restructuring to speed up decisions, drive growth

The Adani Group will introduce a three-layer organizational structure with fewer decision-makers, and have greater focus on liquidity and access to capital