Tag: gautam adani

IIFCL has investments in Adani and other infrastructure projects: MD
Posted in Economy

IIFCL has investments in Adani and other infrastructure projects: MD

Indian Infrastructure Finance Corporation Limited (IIFCL) has investments in Adani group projects but these are insulated and ringfenced said P R Jaishankar, Managing Director of…

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Competition regulator unlikely to take cognizance of media reports on Adani bribery issue
Posted in Economy

Competition regulator unlikely to take cognizance of media reports on Adani bribery issue

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday hinted that the fair trade regulator is not likely to take cognizance of media reports…

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Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in the western Indian city of Ahmedabad April 2, 2014(Amit Dave/Reuters)
Posted in Business

Adani Group bonds fall for 2nd day after US indictment spooks investors

Adani Group bonds were pressured for a second straight session on Friday, November 22, 2024, following the indictment of group Chairman Gautam Adani by US…

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Chairperson of Indian conglomerate Adani Group, Gautam Adani addresses a gathering during the inaugural session of Vibrant Gujarat Global Summit 2024 in Gandhinagar. (AFP)
Posted in Business

Gautam Adani indicted: White House reacts, ‘confident’ in navigating crisis | Latest News India

The White House said it is aware of the allegations against Indian billionaire Gautam Adani, chairman of Adani Group, who was indicted in New York…

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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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Adani Group chairman Gautam Adani during an event in Nagpur.(PTI)
Posted in Business

Adani Group reacts to US ‘bribery’ charges against Gautam Adani: ‘Baseless’

Nov 21, 2024 02:03 PM IST Adani Group rejected charges made by US prosecutors that Gautam Adani had paid more than $250 million in bribes…

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This aerial photograph taken on October 15, 2024 shows solar panels installed at the Adani Green Renewable Energy Plant in Khavda, in India's Gujarat state(Punit Paranjpe/AFP)
Posted in Business

Adani Group scraps $600 million bond issue after US charges Gautam Adani in bribery case

Adani Green Energy Ltd. has decided to scrap its $600 million bond sale after the US Securities and Exchange Commission (SEC) pressed charges against the…

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The US market regulator SEC alleged the scheme was to secure a commitment of the Indian government buying energy from them at above-market rates that would benefit Adani green and Azure Power(Reuters)
Posted in Business

Adani stocks crash up to 20% after Gautam Adani indicted by US over alleged $250 million bribe plot

Adani Group shares plunged when the markets opened on Thursday, November 21, 2024, after the US Securities and Exchange Commission (SEC) announced it was pressing…

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Indian billionaire Gautam Adani speaks during an event. (REUTERS)
Posted in Business

Adani group’s bonds tumble after Gautam Adani charged in US with bribery, fraud | Top updates

Nov 21, 2024 09:05 AM IST Gautam Adani indicted: The billionaire has been charged with paying millions of dollars of bribes and hiding payments from…

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Gautam Adani speaks during an interview in Ahmedabad.(Reuters)
Posted in Business

‘To create 15,000 jobs’: Gautam Adani to invest $10 billion into US energy and infra, congratulates Donald Trump

The Adani Group plans to invest $10 billion into energy and infrastructure projects in the US, chairman Gautam Adani announced in a post on X…

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