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January 8, 2025, 05:59 PM - 5 min read
US Congressman Lance Gooden also demanded answers on the Justice Department’s selective prosecution of foreign entities and the potential harm such actions pose to the US’s global alliances and economic growth and if there is any Geroge Soros connection to it.
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December 19, 2024, 06:58 PM - 3 min read
"The inaugural film of the campaign, 'Pehle Pankha Phir Bijli' (First Fan, Then Electricity), developed by Ogilvy India, tells the heartwarming story of a young boy who, against all odds and facing ridicule, believes a fan can bring electricity to his village’, the statement said.
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November 30, 2024, 04:24 PM - 3 min read
Adani Group CFO Jugeshinder Singh denied allegations of bribery and financial misconduct, and said "We know for sure, 100 per cent, that nothing of this sort happened. Because if you are paying that much amount of cash to someone, I would certainly know".
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November 29, 2024, 02:51 PM - 3 min read
The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, CRISIL Ratings said in a bulletin.
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November 29, 2024, 02:36 PM - 3 min read
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to USD 100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani.
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November 25, 2024, 09:50 PM - 4 min read
French energy giant TotalEnergies SE announced on Monday that it was unaware of the corruption investigation involving Adani Group's chairman in the US and is halting new investments pending the outcome, while GQG Partners stated that the indictment targets individuals only and does not affect its confidence in the group.
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November 25, 2024, 03:19 PM - 3 min read
Billionaire Gautam Adani's conglomerate on Monday presented its financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt.
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November 23, 2024, 03:55 PM - 4 min read
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.
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November 22, 2024, 05:38 PM - 2 min read
Shares of six Adani group firms rebounded, with Ambuja Cements rising 3.50%, ACC climbing 3.17%, Adani Enterprises advancing 2.16%, Adani Ports increasing 2.05%, Adani Total Gas rising 1.18%, and NDTV edging up 0.65% on Friday.
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November 22, 2024, 04:59 PM - 3 min read
The Securities and Exchange Board of India (SEBI) will probe allegations of disclosure violations revealed in an indictment filed by the Department of Justice (DOJ) and the US Attorney for the Eastern District of New York, with sources stating, “other accusations of bribery do not fall under the regulator’s purview.”
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November 22, 2024, 03:52 PM - 2 min read
Kenyan President William Ruto said on Thursday he had ordered the cancellation of the airport deal and scrapped a 30-year power project deal with the Adani Group following the indictment of the company's founder, Gautam Adani, in the United States.
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November 21, 2024, 08:58 PM - 5 min read
Both Andhra and Telangana CMs share a close relationship with the industrialist. Their silence about the latter's indictment has raised eyebrows.
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