Adani Group denies allegations in first reaction to Gautam Adani US indictment; calls charges ‘baseless’
Following the news of the indictment, Adani Group stocks crashed up to 20%. Gautam Adani-led Adani Group has responded to the bribery and fraud allegations by the US Department of Justice and the US Securities and Exchange Commission, calling the charges “baseless”.The investigation centers on Adani Green Energy Ltd. and
Gautam Adani indicted in US: Adani Green withdraws $600 million bond offering amid bribery allegations
This marks the second cancellation of an Adani Green bond issuance. Gautam Adani indictment impact: Adani Green Energy Ltd. has called off its $600 million bond offering, which was priced at approximately 7.45-7.5%. This decision follows a U.S. Department of Justice and SEC announcement related to a court order that
Adani Group stocks plunge up to 20% after Gautam Adani’s indictment in US on bribery and fraud charges
The US Securities and Exchange Commission has filed charges against Gautam Adani. Adani stocks today: Share prices of Adani Group companies crashed sharply by up to 20% on Thursday following charges against Gautam Adani and seven others in the United States regarding a multibillion-dollar bribery and fraud scheme. The US
Adani group acquires Odisha farm land near sacred hills, stirs political slugfest
BHUBANESWAR: Adani Group’s acquisition of agricultural land near the mineral-rich and sacred Gandhamardhan Hills in Odisha’s Balangir district has sparked a political controversy, with opposition parties questioning whether the company intends to undertake mining in the area. Adani Group and BJP have dismissed the concerns.According to govt land records, Adani
Adani sells $600 million dollar bond after October postponement
Billionaire Gautam Adani’s conglomerate sold a 20-year green dollar bond Wednesday, about a month after postponing such an offering when some investors pushed back on pricing.Units of clean-energy arm Adani Green Energy Ltd. sold $600 million of notes with a 7.45% yield, following initial discussions of around 7.75%, according to
Byju’s founder accused of trying to regain firm with hidden cash
Raveendran has denied wrongdoing in past responses to lender allegations. The founder of bankrupt Indian tech firm Byju’s tried to use loan proceeds that he allegedly hid from US lenders to secretly buy back a software company that was taken over by an American trustee, according to a new court
VinFast in talks with Adani group, Megha Engineering for JV
NEW DELHI: Still undecided on its decision to participate in govt’s new EV policy, Vietnamese electric car maker VinFast is holding separate discussions with Hyderabad-headquartered Megha Engineering & Infrastructures (MEIL) and also Adani group to thrash out a partnership before launching its cars.A source privy to the talks said VinFast,
Asia’s local fuel imports at multi-year high in Nov
SINGAPORE: Asia’s imports of jet fuel from India are set to hit multi-year highs in Nov ahead of winter demand after refinery outages and lower exports from China crimped supplies, according to industry sources and shiptracking data. Ready to Master Stock Valuation? ET’s Workshop is just around the corner! Source
Festive spending to boost Q3 numbers after weak Q2: RBI
MUMBAI: The slowdown observed in Q2 FY25 is behind us, according to RBI’s State of the Economy report. The statement comes as private consumption resumes its role as the primary driver of domestic demand, aided by a pickup in festival spending in Q3. However, private investment remains lacklustre as evidenced
In the age of SUVs, sedans launch a spirited fightback
NEW DELHI: It may be SUV season in the auto industry, but that has not kept some of the companies from focusing on sedans, despite near-muted performance of the category. Maruti, the country’s largest carmaker, drove in the new Dzire sedan earlier this month with a highly-upgraded version, looking to