Page 5 - Gautam Adani

Why Trump 2.0 could play spoilsport for India's coddled billionaires

The sudden enthusiasm for the businesses of Trump's head of government efficiency has a clear message for India's billionaires: They're being cut loose

Gautam Adani, brother Rajesh get court relief in Rs 388 cr cheating case

The case involves alleged breaches of market regulations amounting to Rs 388 crore, for which the Serious Fraud Investigation Office (SFIO) filed a chargesheet in 2012

HC discharges Gautam Adani, Rajesh Adani in market regulations case

When the offence of cheating itself is not made out, then even the charge of criminal conspiracy becomes unsustainable, it added

Navi Mumbai airport to be inaugurated in June, says Gautam Adani

The upcoming Navi Mumbai International Airport will be inaugurated in June, Adani Group Chairman Gautam Adani said on Sunday. Earlier, it was set for inauguration on April 17. The greenfield airport -- the second such facility in the Mumbai Metropolitan Region after the Chhatrapati Shivaji Maharaj International Airport -- is being developed by a special purpose vehicle, NMIAL, which is a 74:26 joint venture between Adani Airport Holdings Ltd (AAHL) and City and Industrial Development Corporation of Maharashtra (CIDCO). Prime Minister Narendra Modi in February 2018 laid the foundation stone for the new airport, which is coming up at an investment of Rs 16,700 crore with an aim to reduce the congestion at the capacity-constrained Mumbai Airport, along with meeting the soaring demand for air travel in the country. "A glimpse into India's aviation future! Visited the Navi Mumbai International Airport site today a world-class airport taking shape. Set for inauguration this June, it wil

Indian govt asks Ahmedabad court to serve US SEC summons to Gautam Adani

The summons would require Gautam Adani or his legal counsel to appear in the case in the United States

Roshni Nadar Malhotra third richest Indian after stake 'gift', shows data

As per the Bloomberg Billionaires - India list, Mukesh Ambani remains the richest Indian with a net worth of $88.1 billion, followed by Gautam Adani at $68.9 billion

SC refuses to stay Dharavi project, asks Adani to maintain separate account

The SC ruling follows Seclink Technologies' challenge to Maharashtra's decision to award Asia's largest urban rehab project to Adani Group, disputing the bidding process

Adani Wilmar to buy GD Foods to expand its value-added products portfolio

The edible oil major also said the 'Tops' brand is among the top three players in the tomato ketchup and pickles category

Elon Musk tops superbillionaires index; Ambani, Adani join exclusive club

Superbillionaires hold over 16 per cent of the total wealth among billionaires, a sharp rise from just 4 per cent a decade ago in 2014, according to Altrata data

Mukesh Ambani and Gautam Adani announce Rs 50,000 crore investment in Assam

Advantage Assam 2.0 Summit: This announcement comes a day after Adani announced a Rs 2.1 trillion investment in Madhya Pradesh during the Madhya Pradesh Global Investors Summit in Bhopal

MPGIS 2025: Talks underway on setting up Deregulation Commission, says PM

Speaking at the MP Global Investors Summit 2025 in Bhopal, Adani mentioned that the Adani Group is in talks with the state government for additional investments

Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh

Global Investors' Summit 2025: The Adani Group plans to fund projects in pumped storage, cement, mining, smart meters, and thermal energy, aiming to create over 1,20,000 jobs in Madhya Pradesh by 2030

Adani Group releases tax transparency reports to rebuild investors' trust

The reports, published independently by seven of the group's listed entities, detail direct and indirect tax contributions across global

'Not a personal matter': Rahul Gandhi slams PM Modi over Adani bribery case

Last year, US Department of Justice accused Adani of being involved in a plan to pay a bribe of over $ 250 million to secure the solar power contracts in the US, worth billions of dollars

Gautam Adani loses $11.9 bn, trails Musk in 2025's biggest wealth falls

Gautam Adani, now 23rd on the index, saw his net worth drop $11.9 billion to $66.8 billion, while Elon Musk faced a larger $35.2 billion decline, bringing his total wealth down to $397 billion

Adani Group touts cash, strong Ebitda growth to reassure investors

Adani Group on Thursday said it has enough cash to service debt obligations and that its business achieved record pre-tax profits in the 12 months ending December 2024 as it looked to reassure creditors and investors of a robust business profile. Cash balances exceed long-term debt repayments for the next 28 months, while portfolio-level cash balances were at Rs 53,024 crore, the port-to-power conglomerate said in a report for the first nine months of the financial year ending March 2025 released on Thursday. "Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months," it said. The cash balance as of September 30, 2024, compared with the Rs 59,791 crore balance generated in the full 2023-24 financial year (April 2023 to March 2024 or FY24 fiscal). Cash balance represents 20.5 per cent of gross debt. "These expanding cash flows have enabled consistent investments while keeping the leverage at an all-time low.

US invokes Hague Service Convention in Adani bribery probe: What is it?

The US SEC has invoked the Hague Service Convention to serve legal documents to Gautam Adani and his nephew Sagar Adani. Here's you need to know about the convention

Adani stocks crack up to 5% as US SEC seeks India's help in bribery case

Adani bribery case, Adani share price: US federal prosecutors have accused Gautam Adani of bribing Indian government officials to buy electricity from Adani Green Energy

Efforts to serve complaint on Gautam Adani, Sagar Adani ongoing: US SEC

The US Securities and Exchange Commission (SEC) has told a federal judge here that its efforts to serve its complaint on Gautam Adani and Sagar Adani in the alleged bribery scheme are ongoing, including through a request for assistance to the Indian authorities. The SEC submitted a status update Tuesday to Judge Nicholas Garaufis at the United States District Court, Eastern District of New York regarding its efforts to serve its complaint on Gautam Adani and Sagar Adani. The SEC said that both Gautam Adani and Sagar Adani are located in India, and the SEC's efforts to serve them there are ongoing, including through a request for assistance to the Indian authorities to effect service under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters. The SEC said that its complaint dated November 20 last year alleges that Gautam Adani and Sagar Adani violated the antifraud provisions of the federal securities laws by knowingly

US SEC requests help from Indian authorities in Adani fraud probe

Last year, federal prosecutors in Brooklyn unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy