Gautam Adani and seven other defendants allegedly consented to pay approximately $265 million in bribes. Gautam Adani, the founder and chairman of Adani group, along with his nephew Sagar Adani, have received summons regarding the US Securities and Exchange Commission’s (SEC) claims about paying $265 million (Rs 2,200 crore) in bribes for obtaining profitable solar…
Andhra Pradesh chief minister Chandrababu Naidu addressing state assembly (ANI photo) Andhra Pradesh chief minister N Chandrababu Naidu on Friday said that the state government will study the “chargesheet reports” filed in the US concerning the alleged bribery scandal involving the former YSRCP administration and the Adani Group and assured to take action regarding these…
Representative image (Pic credit: Reuters) NEW DELHI: Markets regulator Sebi’s board on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services in terms of flexibility in asset construction. In a statement issued after the board meeting, Sebi said its…
Hurun India Rich List 2024 The Hurun India Rich List 2024 reveals that India’s billionaire count has reached 334– which is six times more than when the list was first created 13 years ago. And their cumulative wealth is approximately ₹159 lakh crores, according to a report by CNBC-TV18. Source link
In a world where opulence often overshadows simplicity, Priti Adani, the wife of Adani Group Chairman Gautam Adani, has made headlines for her refreshingly minimalist approach to dressing. During a recent visit to the Shirdi temple, Priti Adani chose to embody understated elegance with a classic yellow salwar suit, setting a perfect example of how…
Gautam Adani, one of the world’s wealthiest individuals, is planning to venture into shipbuilding at the Adani Group‘s primary port in Mundra, which is also India’s largest port. This decision comes as leading shipyards in countries such as China, South Korea, and Japan are fully booked until at least 2028, compelling global fleet owners to…
It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.But it turns out the US short-seller’s gains from the saga were tiny by comparison — just over $4 million.That figure, which hasn’t been independently confirmed by Bloomberg News,…
Adani Group Chairman, Gautam Adani, has hit out about the controversy sparked by the US-based short-seller Hindenburg Research in January 2023, which plunged the company into significant turmoil due to allegations of corporate governance lapses. At the time as well, Adani had refuted all the accusations.According to an ET report, at Adani Enterprises’ Annual General…
Chairman of Adani Group, Gautam Adani on Wednesday announced its plans to invest over $100 billion in energy transition projects and manufacturing capabilities to produce key components necessary for green energy generation.The chairman was addressing an event titled ‘Infrastructure – the Catalyst for India’s Future’ organized by Crisil. He stressed the immense potential of energy…
