Page 2 - Gautam Adani

US SEC lawsuit against Adani alleging fraud paused amid govt shutdown

A US government shutdown has furloughed SEC staff and delayed filings in the civil securities lawsuit against Gautam Adani, even as related criminal proceedings continue

Gautam Adani unveils 'Two-Track Organisation' for AI-driven transformation

Speaking at the "Second Shantilal Adani Lecture Series" on Tuesday, Adani emphasised that "ambition without financial discipline is just theory"

Adani Group's ROA hits 16.5%, among highest globally in infrastructure

Adani Group chairman Gautam Adani said the conglomerate's return on assets (ROA) rose to 16.5 per cent in the financial year 2024-25 -- placing it among the top performers in the global infrastructure sector. Speaking at the Group's annual Shantilal Adani Lecture Series, Adani attributed the performance to disciplined growth and efficient capital deployment. "This figure demonstrates that our growth is profitable, our assets are productive, and our capital is working with precision," he said. The Group's net debt-to-EBITDA ratio stood at 2.6x, reflecting a conservative leverage profile. With robust internal cash flows, Adani said the company expects to self-fund a large share of its USD 100 billion five-year capex plan, reducing reliance on external markets. "This high ROA does more than generate cash. It fortifies our credibility with lenders, deepens investor confidence, and underpins our ability to take bold bets while preserving balance sheet integrity. It is the invisible ...

Adani describes Navi Mumbai airport as lotus, gateway to India's future

Business tycoon Gautam Adani on Wednesday likened his group's just-opened international airport in Navi Mumbai to a 'lotus', which will act as a powerful economic multiplier and prove to be a gateway to India's future. Writing on LinkedIn soon after the inauguration of the Navi Mumbai International Airport (NMIAL) by Prime Minister Narendra Modi, he called the event a landmark moment in India's infrastructure and nation-building journey. Describing the airport as "a testament to India's visionary leadership and the power of public-private partnership", Adani emphasised the project's rapid execution - completed in under 50 months with an investment of Rs 20,000 crore - as a symbol of the country's ambition and dynamism. Strategically linked to Mumbai's transport network, NMIAL will work alongside the existing Chhatrapati Shivaji Maharaj International Airport to ease congestion and stimulate economic growth in the region. The airport is expected to generate over 200,000 jobs and drive

Gautam Adani, son pay homage at Zubeen Garg's Guwahati residence

Leading industrialist Gautam Adani and his son Jeet paid a visit to deceased singer-composer Zubeen Garg's house in Assam's Guwahati on Sunday, and paid homage to the state's cultural icon. Adani and his son spent around half-an-hour at Garg's residence in Kahilipara area here, and met his wife Garima Saikia Garg, an official told PTI. The businessman reached the area around 9 pm along with several senior officials of the Adani Group, and paid floral tributes. "Gautam Adani and his son Jeet came to offer their condolences to the icon of Assam. They sat with Garima for some time and expressed grief over the untimely demise of the singer," the official said. Garg died in Singapore on September 19 while swimming in the sea.

Delhi HC orders status quo on removal of social media posts on Adani

The Delhi High Court on Friday ordered status quo on the removal of social media posts on Adani Group of Companies by senior journalist Ravish Kumar and digital news platform Newslaundry. Justice Sachin Datta take note of the submissions of Adani Enterprises that it will not be asking Kumar and Newslaundry to take down any more content from their sites or any other intermediary, as existing on 12 noon, September 26. "It is agreed that in case the petitioners have already taken down any material, the same shall not be re uploaded," the judge said, clarifying that it will continue till the trial decides the suit filed by Adani Enterprises. The court noted the submission of the Centre's counsel who said its directions to the journalises to take down the posts were issued by way of an information on civil court's order to the parties concerned. The high court said the government had also communicated to the journalists and organisations the subsequent court directions staying the gag .

Gautam Adani pledges stronger governance following Sebi clean chit

Adani calls Sebi's verdict a resounding validation, vows tighter governance, stronger sustainability, and $100 bn investments in energy and infrastructure

'Time to accelerate': Adani outlines priorities after Sebi case closure

Days after receiving a clean chit from SEBI over the Hindenburg allegations, billionaire Gautam Adani said his ports-to-energy group will now shift toward accelerating innovation, improving transparency, and building for long-term impact. "Today, a cloud that had hung over us for more than two years has been lifted," Adani said in an internal message to staff, seen by PTI. "SEBI's comprehensive investigation has concluded by rejecting all allegations contained in the Hindenburg report from January 2023." The January 2023 Hindenburg report accused the group of accounting irregularities, stock price manipulation, and the use of opaque offshore entities - allegations that triggered a selloff across Adani's listed companies and erased more than USD 150 billion in market capitalisation at one point. Adani Group repeatedly denied the allegations made by Hindenburg, which has since disbanded. The Securities and Exchange Board of India (SEBI) last week dismissed some of Hindenburg's claims

Adani's regulatory challenges not over as other Sebi probes continue

While there's nothing to indicate whether the conglomerate will face any fines or regulatory censure on pending matters, it means that there'll likely be more Sebi orders on the Adani Group

Court quashes order for taking down articles against Adani enterprises

A Delhi court has set aside an order asking four journalists to take down alleged defamatory content against Adani Enterprises Limited (AEL), saying the effect of removal of the articles by an ad interim ex parte order was "sweeping" and it had the "effect of decreeing the suit itself without a trial". In the September 18 order, which was made available on Friday morning, the court said, "I find that the case is fit for stay of the impugned order dated September 6 since extensive directions have been passed by the trial court without hearing the appellants." Acting on AEL's defamation complaint, a civil judge directed 10 defendants, including the four journalists, to take down the contentious material, like articles and social media posts, already published on various platforms, including websites, within a stipulated period. District judge Ashish Aggarwal heard the challenge to the civil judge's decision and held that unless appellants were heard, the civil court couldn't have ...

Sebi gives Adani group clean chit, dismisses Hindenburg allegations

Sebi closed proceedings against the Adani group, Gautam Adani and associates, dismissing Hindenburg's charges of fund diversion, RPT violations and fraud raised in 2023

Adani bid to end bribery case stalls amid volatile US-India relations

Progress Adani's representatives had been making with American officials has faltered in recent months as the US and India have clashed on several issues

₹6,000-cr hydropower deal lifts Adani Power stock 6% today; details here

Adani Power's share price was trading 4.6 per cent higher at ₹637.8 per share compared to previous session's close of ₹609.7 on the NSE

Vedanta outbids Adani to buy bankrupt JAL with ₹17,000 crore offer

The bid, with a net present value (NPV) of ₹12,505 crore, is the highest recovery plan placed so far for the debt-laden company, the people said

Vedanta beats Adani with ₹17,000 cr bid to acquire debt-ridden JAL

Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources. The bid value translates into Jaiprakash Associates' net present value of Rs 12,505 crore. JAL, which has interests in real estate, cement, power, hotels and roads, has been dragged into insolvency proceedings after it defaulted on payment of loans. Lenders of JAL conducted a challenge process for the sale of the company under the IBC. Multiple bidders participated in the process, but in the end, firm bids were placed by only two entities, Adani and Vedanta Group. Vedanta eventually made a winning bid of Rs 17,000 crore, which translated into a NPV (net present value) of Rs 12,505 crore, beating Adani Group, sources said. The Committee of Creditors (CoC) meeting was held on September 5 to conduct the challenge process. Financial creditors have claimed a staggering Rs 57,185 crore in unpaid

Adani urges India's youth to fight for tech freedom amid AI competition

At IIT Kharagpur, Gautam Adani said AI will redefine power and urged India to pursue technological independence as its "second freedom struggle"

US SEC asks India to help serve notice to Gautam, Sagar Adani in fraud case

In November 2024, US SEC alleged Gautam Adani and nephew Sagar Adani paid or promised bribes to secure Indian state energy contracts for 'Manufacturing Linked Projects'

PM Modi can't stand up to Trump despite tariff threat due to Adani: Rahul

Congress MP Rahul Gandhi said that Prime Minister Narendra Modi cannot stand up to US President Donald Trump's tariff threat because of the ongoing investigation against Gautam Adani in the US

Adani Ports Q1 profit rises 6.5% on logistics, marine business gains

India's largest port operator reports ₹3,315 crore profit in Q1 FY26 on strong logistics and marine revenues; Gautam Adani re-designated as non-executive chairman

Gautam Adani redesignated as non-executive chairman of APSEZ from August 5

Adani Ports and Special Economic Zone Ltd (APSEZ) -- part of the Adani Group -- on Tuesday said billionaire Gautam Adani has been redesignated from executive chairman to non-executive chairman with immediate effect. APSEZ in an regulatory filing said, based on the recommendation of nomination and remuneration committee, the board has approved redesignation of Gautam Adani from executive chairman to non-executive chairman with effect from August 5, and consequently he would cease to be a key managerial personnel of the company. The company appointed Manish Kejriwal as additional director (non-executive, independent) of the company for an initial term of three years from August 5, subject to the approval of shareholders within three months. APSEZ is part of the globally diversified Adani Group, with a national footprint of 15 ports and a presence in four ports outside India.