Gautam Adani

Bombay HC upholds Dharavi redevelopment award to Adani Group, dismisses Seclink challenge

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Bombay HC upholds Dharavi redevelopment award to Adani Group, dismisses Seclink challenge

The Bombay High Court Friday dismissed a plea by Dubai-based Seclink Technologies Corp challenging Maharashtra’s decision to award to an Adani Group firm the Dharavi project, billed as Asia’s biggest urban rehabilitation initiative near Mumbai’s financial nerve centre. The division bench of Chief Justice Devendra Kumar Upadhyaya and Justice Amit Borkar, while dismissing the petition, … Read more

‘Every Attack Makes Us Stronger’: Gautam Adani Breaks Silence On US Fraud Charges

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‘Every Attack Makes Us Stronger’: Gautam Adani Breaks Silence On US Fraud Charges

Last Updated:November 30, 2024, 23:43 IST On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint in the New York district court against Gautam Adani. Gautam Adani was addressing the 51st Gem and Jewellery Awards. (PTI) Coming out in public … Read more

Will help make India centre of the logistics world: Gautam Adani

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Will help make India centre of the logistics world: Gautam Adani

Jaipur: The time is ripe for us to leverage India’s geographic location and help make our nation become the centre of the logistics world, Adani Group Chairman, Gautam Adani, said on Saturday. Addressing the 51st India Gem and Jewellery Awards here, Gautam Adani said that in the case of logistics, what started as a port … Read more

Every attack makes us stronger, says Gautam Adani on US allegations

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Every attack makes us stronger, says Gautam Adani on US allegations

Jaipur: Adani Group Chairman Gautam Adani said on Saturday that the set of allegations being levelled against the conglomerate in the US was another attack on the group from which it would emerge stronger and more resilient. Addressing the 51st Indian Gems and Jewellery Award function, the Adani Group Chairman referred to the “set of … Read more

CRISIL Ratings: No negative actions so far by lenders on Adani following U.S. indictment

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CRISIL Ratings: No negative actions so far by lenders on Adani following U.S. indictment

Gautam Adani, founder and chairman of the Adani Group. File photo | Photo Credit: Reuters Backing embattled Adani Group, rating agency CRISIL Ratings on Friday (November 29, 2024) said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far … Read more

Gautam Adani, nephew Sagar summoned in USD 265 million bribery case

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Will help make India centre of the logistics world: Gautam Adani

New York: Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in … Read more

Commentary: US bribery case against Indian tycoon Adani is bad news for Modi

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Commentary: US bribery case against Indian tycoon Adani is bad news for Modi

POTENTIAL FOR A FULL-BLOWN DOMESTIC SCANDAL The echoes of the case will reverberate through India. So far it’s mostly Gandhi pounding the tables. For regional opposition leaders, Adani’s link with Modi hasn’t exactly been a hot-button issue. That was also the case when in a fresh report in August, Hindenburg alleged that Madhabi Puri Buch, … Read more

CM Naidu to ‘study and respond’ on Adani-Andhra Pradesh solar deal

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CM Naidu to ‘study and respond’ on Adani-Andhra Pradesh solar deal

Amaravati: Andhra Pradesh chief minister N Chandrababu Naidu on Friday, November 22, said the state government is in possession of the “chargesheet reports” filed in the US related to the alleged bribery scam involving the previous YSRCP-led Andhra Pradesh government and the Adani Group, and “promised” to act on the irregularities. Business tycoon and Adani … Read more

Public end loser: Rahul Gandhi on bribery, fraud charges against Adani Group

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Public end loser: Rahul Gandhi on bribery, fraud charges against Adani Group

New Delhi: After calling for the arrest of industrialist Gautam Adani following his indictment by the United States for alleged bribery and fraud, Congress leader Rahul Gandhi asked people on Friday to understand the “dangerous game” of corruption, in which the public is the end loser. “This is a very dangerous game of corruption…. Adani … Read more

Indian tycoon Adani’s US indictment spooks investors; bonds fall again

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Indian tycoon Adani’s US indictment spooks investors; bonds fall again

Gautam Adani, his nephew Sagar Adani and former Adani Green Energy CEO Vneet Jaain also raised more than US$3 billion in loans and bonds by hiding corruption from lenders and investors, prosecutors said. Adani Group said on Thursday the accusations made by the US Department of Justice and US Securities and Exchange Commission in a … Read more