Tag: adani

More than 50% of these investments will be made over the next five years(AFP)
Posted in Business

Adani Group may invest more than $88 billion into renewable energy and cement in Rajasthan: Report

Dec 09, 2024 06:07 PM IST Four new cement plants will be built for an additional capacity of 6 million tonnes per annum along with…

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This is unless a Bangladesh court completely cancels the 25-year deal signed in 2017 with Adani Power for getting coal-fired power from a $2 billion plant in eastern India(AFP)
Posted in Business

Bangladesh looks to reduce power prices of Adani deal amid US indictment: Report

Bangladesh is reportedly looking to renegotiate much lower prices for electricity it purchases from the Adani Group as it tries to reduce its expenditure for…

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The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme.(Amir Cohen/Reuters)
Posted in Business

Adani Group says it lost nearly $55 billion since US indictment: Report

India’s Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the…

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Adani charges to test Trump’s desire to keep India in US orbit
Posted in Economy

Adani charges to test Trump’s desire to keep India in US orbit

In 2018, the arrest of an executive with Chinese tech giant Huawei Technologies Co. for breaching US laws shocked President Xi Jinping’s inner circle and…

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A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York(Reuters)
Posted in Business

Moody’s says US bribery charges against Gautam Adani negative for credit rating: Report

Nov 21, 2024 03:02 PM IST US prosecutors charged Gautam Adani, alleging his involvement in a $250 million bribery scheme for securing solar energy contracts…

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An Adani group sign stands outside Chatrapati Shivaji Mumbai International Airport in Mumbai on July 28, 2021. (Indranil Mukherjee/AFP)
Posted in Business

Airport lounge access disrupted due to suspension of services Dreamfolks: Adani Airports

Sep 22, 2024 04:59 PM IST Adani Airport Holdings said passengers at airports across the country experienced disruptions in lounge access, since Dreamfolks abruptly suspended…

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Hindenburg Research said that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into the Adani group on a post on X (Formerly Twitter). (Reuters)
Posted in Business

Swiss authorities freeze $310 million of Adani Group for money laundering, securities forgery investigation: Report

US-based activist short seller Hindenburg Research LLC said that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part…

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The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. (Amit Dave/reuters)
Posted in Business

Adani floats China subsidiary to give project management and supply chain services

Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory…

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Mukesh Ambani, Akash Ambani, Shloka Ambani, Anand Piramal and Isha Ambani are seen.
Posted in Business

Hurun list: Ambanis most valuable among family businesses in India

Aug 29, 2024 12:42 PM IST The Ambani family is the most valuable family business in India with a worth of ₹25.75 lakh crore followed…

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The new Hindenburg report alleged that Sebi Chairperson Madhabi Puri Buch and her husband Dhaval Buch owned stakes in offshore funds related to what Hindenburg calls the "Adani money siphoning scandal.” (ANI)
Posted in Business

Hindenburg report: Mutual funds had already invested ₹41,814-crore in 10 Adani group companies

Mutual funds in India have currently invested ₹41,814 crore into Adani companies, according to a Moneycontrol report, which added that all these companies are now…

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