Gautam Adani: News
20 Dec 2024
MexicoAttorney behind Adani's bribery charges to resign before Trump's inauguration
Breon Peace, the Brooklyn US attorney who spearheaded the case against Indian billionaire Gautam Adani over alleged bribery charges, has announced his resignation effective from January 10.
17 Dec 2024
Adani GroupAdani-Andhra deal, under bribery scrutiny, was approved against officials' advice
The Andhra Pradesh government is facing flak for approving a massive solar contract with Adani Green, despite warnings from financial and energy officials.
16 Dec 2024
Mukesh AmbaniWhy Ambani, Adani are out of Bloomberg's $100B club
Mukesh Ambani and Gautam Adani, two of Asia's richest, have dropped out of Bloomberg's elite centibillionaires club. The change comes as both billionaires faced multiple business challenges.
13 Dec 2024
Lok SabhaIn maiden Lok Sabha speech, Priyanka Gandhi attacks BJP, RSS
Congress Member of Parliament (MP) from Wayanad, Priyanka Gandhi Vadra, gave her maiden speech in the Lok Sabha on Friday.
11 Dec 2024
Bharatiya Janata Party (BJP)'Forced to take step': Opposition on no-trust move against Dhankhar
The Congress-led opposition moved a no-confidence motion against Rajya Sabha Chairman Jagdeep Dhankhar on Tuesday, alleging partisan functioning of the House.
07 Dec 2024
Communist Party of IndiaMamata Banerjee as INDIA chief? SP backs, Congress opposes
West Bengal Chief Minister Mamata Banerjee has said she is ready to lead the opposition Indian National Developmental Inclusive Alliance (INDIA) bloc if called upon to do so.
05 Dec 2024
Adani Group'Running around in colorful clothes': Rijiju on opposition's Parliament protest
Parliamentary Affairs Minister Kiren Rijiju has slammed the opposition for stalling the proceedings of the Parliament during the Winter Session.
03 Dec 2024
Mamata BanerjeeCongress MP on TMC's push for Mamata to lead INDIA
Senior Congress leader and Lok Sabha MP Manickam Tagore has rejected the idea of making West Bengal Chief Minister Mamata Banerjee the leader of the Indian National Developmental Inclusive Alliance (INDIA) bloc.
03 Dec 2024
Adani GroupAdani firms make settlement offers in SEBI's public shareholding probe
Several entities linked to the Adani Group have filed settlement applications with the Securities and Exchange Board of India (SEBI) over allegations of violating public shareholding norms.
29 Nov 2024
Jagdeep Dhankhar'We are dishonoring the people': Dhankhar slams protesting opposition MPs
Vice President and Rajya Sabha Chairman Jagdeep Dhankhar on Friday slammed opposition MPs for stalling Parliament proceedings for four days in a row since the Winter Session commenced.
28 Nov 2024
Adani GroupJagan Reddy dismisses bribery allegations linked to Adani power deal
Former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has dismissed allegations of bribery in a power deal with the Adani Group.
26 Nov 2024
Adani GroupMoody's turns negative on 7 Adani companies amid bribery allegations
Moody's Ratings has changed its credit rating outlook for seven Adani Group companies from 'stable' to 'negative.'
25 Nov 2024
Adani GroupTotalEnergies halts new investments in Adani Group amid bribery allegations
French energy conglomerate TotalEnergies has suspended new investments in Adani Group companies after the Indian firm's founder, Gautam Adani, was slapped with bribery charges.
25 Nov 2024
Adani GroupAmid ruckus, Parliament winter session adjourned till November 27
The Winter Session of Parliament, which commenced on Monday, was adjourned within minutes of assembly due to ruckus by the Opposition over the Adani bribery case.
25 Nov 2024
Adani GroupWinter Session begins today: Manipur, Waqf Bill may spark uproar
The winter session of Parliament will begin on Monday and will to conclude on December 20.
23 Nov 2024
Adani GroupBJP's Maharashtra win provides relief for Adani's $3B Dharavi project
The electoral win of the Bharatiya Janata Party (BJP)-led Mahayuti in Maharashtra has ensured the future of Gautam Adani-led group's $3 billion project.
23 Nov 2024
Adani GroupAdanis sold bribe-linked assets to TotalEnergies despite US probe knowledge
Gautam Adani and his nephew Sagar Adani, knew that their renewable energy firm was under US scrutiny for suspected bribery when they sold a stake in India's largest solar park to TotalEnergies, prosecutors have alleged in documents reviewed by Reuters.
22 Nov 2024
Adani GroupDid Adani Group hide something? SEBI probes potential disclosure violations
India's market regulator, the Securities and Exchange Board of India (SEBI), is reportedly investigating whether the Adani Group, one of the country's largest conglomerates, flouted regulations requiring the disclosure of market-moving information.
22 Nov 2024
Adani GroupSensex soars by 1,800 points: What is driving this rally?
The BSE Sensex has soared 1,792 points today to trade at 78,948, at the time of writing. The NSE Nifty also jumped 531 points to hover around 23,880.
22 Nov 2024
Adani Group'Confident' in navigating crisis: White House after Gautam Adani indictment
The White House has reacted to the recent indictment of Indian billionaire Gautam Adani, chairman of the Adani Group, in New York.
21 Nov 2024
Adani GroupAdani Group refutes US SEC's bribery charges, plans legal recourse
The Adani Group has vehemently denied allegations by US authorities of a $250 million bribery scheme.
21 Nov 2024
Adani Group'Arrest Adani, interrogate him, Modi's name will come out': Rahul
Congress leader Rahul Gandhi on Thursday called for the immediate arrest of industrialist Gautam Adani after United States prosecutors leveled bribery and fraud charges against him.
21 Nov 2024
Adani GroupAdani shares crash 20% as US bribery charges rock conglomerate
Shares of Adani Group companies plunged as much as 20% on the BSE during Thursday's intra-day trade.
21 Nov 2024
Adani GroupAdani charged with bribery, fraud in US; arrest warrant issued
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York for his involvement in an alleged multi-billion-dollar bribery and fraud scheme.
14 Nov 2024
Ajit Pawar'Misunderstood...': Ajit on row over Adani's 'presence' during BJP-NCP talks
A day after sparking a major political controversy with his statement that industrialist Gautam Adani attended a 2019 meeting between the Nationalist Congress Party and Bharatiya Janata Party leaders to discuss forming a government, Maharashtra Deputy Chief Minister Ajit Pawar clarified his position.
10 Oct 2024
Anand Mahindra#EndOfAnEra: Tributes reflect on Ratan Tata's contributions to India
Former Tata Sons chairman Ratan Tata passed away on Wednesday night at the age of 86.
01 Oct 2024
Adani GroupWhistleblower fears for life after exposing Adani's Kenyan airport deal
Nelson Amenya, the whistleblower who spilled the beans on confidential talks about a possible takeover of Kenya's Jomo Kenyatta International Airport by Adani Group, is now worried about his safety.
11 Sep 2024
GujaratPM Modi sets $500B target for electronics sector by 2030
Prime Minister Narendra Modi has outlined an ambitious plan to boost India's electronics sector to a staggering $500 billion and create six million jobs by the end of this decade.
02 Sep 2024
Adani GroupAdani Wilmar likely to acquire 3 FMCG brands for $1B
Adani Wilmar, the fast-moving consumer goods (FMCG) division of the Adani Group, is planning to invest up to $1 billion in acquiring three brands, as per HT Mint.
23 Aug 2024
Adani GroupAdani family plans $3.6B stake sale as group shares surge
The Adani family, led by billionaire Gautam Adani, is planning to raise up to $3.6 billion (around ₹30,000 crore) by selling a portion of its promoter holdings in various Adani Group companies over the next 12-18 months.
12 Aug 2024
Adani GroupAdani Group stocks tumble up to 17% following Hindenburg's allegations
Adani Group's shares experienced a significant drop in early trade on Monday, with Adani Energy leading the decline by 17%.
11 Aug 2024
Securities and Exchange Board of IndiaSEBI Chairperson denies Hindenburg's allegations, accuses it of character assassination
SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch, have denied allegations made by US-based short-seller Hindenburg Research.
05 Aug 2024
Adani GroupThe $213 billion handover: Who will succeed Gautam Adani
Gautam Adani, the chairman of the Adani Group and India's second-richest man, has disclosed his succession plan for his $213 billion empire.
20 Jul 2024
Adani GroupHindenburg Research report 'hit job' by China: BJP leader
Senior lawyer and Bharatiya Janata Party (BJP) leader, Mahesh Jethmalani, has alleged that the Hindenburg Research report against Gautam Adani's conglomerate was a "hit job" by China.
08 Jul 2024
Adani GroupAdani Group plans $9 billion investment in green hydrogen infrastructure
Adani Group is planning a massive $9 billion investment in manufacturing and transportation infrastructure for its green hydrogen venture in Kutch, Gujarat.
02 Jul 2024
Adani GroupSEBI issues show-cause notice to Hindenburg Research in Adani case
US-based short-seller, Hindenburg Research, has been served a show-cause notice by the Securities & Exchange Board of India (SEBI), the country's capital market regulator.
25 Jun 2024
Adani GroupAdani announces ₹1.3 lakh crore investment in group companies
The Adani Group has disclosed plans to invest approximately ₹1.3 lakh crore across its portfolio companies in the current fiscal year, as part of a $100 billion investment strategy over the next 7-10 years.
24 Jun 2024
Adani Group'Two-sided attack': Gautam Adani addresses Hindenburg controversy at AGM 2024
Gautam Adani, Chairman of the Adani Group, addressed the controversial Hindenburg incident at the conglomerate's 32nd annual general meeting.
23 Jun 2024
Mukesh AmbaniGautam Adani's FY24 salary lower than his own top executives
Gautam Adani, a leading Indian industrialist, earned a total salary of ₹9.26 crore in the fiscal year ending March 31, 2024.
31 May 2024
Adani GroupPaytm shares hit upper circuit for third consecutive day
One97 Communications, the parent company of Paytm, saw its shares surge to a 5% upper circuit for the third straight session on Friday morning.
29 May 2024
Adani GroupAdani Group increases ownership in Adani Enterprises and Adani Green
The Adani Group, under the leadership of Gautam Adani, has increased its stakes in Adani Enterprises and Adani Green Energy.
29 May 2024
Adani GroupGautam Adani discusses Paytm stake purchase with Vijay Shekhar Sharma
Gautam Adani, chairman of the Adani Group, is in talks with Vijay Shekhar Sharma, founder and CEO of Paytm, to acquire a stake in One 97 Communications, the parent company of Paytm.
28 May 2024
Adani GroupAdani Enterprises board approves ₹16,600 crore fundraising plan
Billionaire Gautam Adani-led Adani Enterprises has announced a significant fundraising plan, approved by its board of directors.
28 May 2024
Abu DhabiAdani Enterprises board convenes to discuss fundraising plans
Adani Enterprises, led by billionaire Gautam Adani, has announced a board meeting today to discuss potential fundraising options.
24 May 2024
Adani GroupAdani Enterprises stock recovers from $30bn losses following Hindenburg report
Adani Enterprises Ltd, the principal company of Adani Group, has successfully recouped over $30 billion in losses.
23 May 2024
WiproAdani Enterprises set to replace Wipro in BSE Sensex
Adani Enterprises is poised to replace Wipro in the BSE Sensex, as per a note from IIFL Alternative Research.
12 May 2024
Adani GroupAdani Enterprises announces ₹80,000 crore investment plan for FY25
Adani Enterprises, the principal company of the Gautam Adani-led group, has unveiled plans to invest ₹80,000 crore across its varied businesses in the current fiscal year.
06 May 2024
Adani GroupAdani Group negotiates $600 million loan for gas subsidiary
Gautam Adani's multinational corporation, Adani Group, is reportedly in talks to secure an offshore loan of approximately $600 million.
03 May 2024
BusinessAdani Green's Q4 profit plummets 70% to ₹150 crore
Gautam Adani's Adani Green Energy has reported a significant 70% year-on-year (YoY) decrease in its consolidated net profit for the quarter ending March 2024, falling to ₹150 crore.
03 May 2024
Adani GroupSEBI issues show-cause notices to six Adani Group companies
The Securities and Exchange Board of India (SEBI) has issued show-cause notices to six companies of the Adani Group.
02 May 2024
Adani GroupAdani Enterprises's Q4 net profit declines 38% to ₹451 crore
Gautam Adani-led Adani Enterprises has announced a significant 38% year-on-year decrease in its consolidated net profit for the fourth quarter ending March 2024.
01 May 2024
Adani GroupAdani Wilmar's Q4 net profit surges 59% to ₹156 crore
Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, has reported a significant 59% increase in its standalone net profit for the quarter ending March 31, 2024.
01 May 2024
BusinessAmbuja Cements's Q4 profit soars 64% to ₹1,055 crore
Ambuja Cements, owned by Gautam Adani, has reported a significant 64% increase in its consolidated net profit for the March quarter, amounting to ₹1,055 crore.
09 Apr 2024
Adani GroupAdani Green in talks for $400 million offshore loan
Adani Green Energy Ltd., a subsidiary of billionaire Gautam Adani's extensive business conglomerate, is reportedly negotiating an offshore loan of approximately $400 million.
18 Mar 2024
Adani GroupWhy all Adani stocks are trading in red today
In a major setback to Adani Group, all 10 companies that are part of conglomerate have experienced a rout on stock market.
11 Mar 2024
Adani GroupGautam Adani, Qualcomm CEO discuss India's potential in semiconductors, AI
Gautam Adani, head of Adani Group has discussed India's possibilities in semiconductors, AI, and mobility with his counterpart at Qualcomm, Cristiano Amon.
26 Feb 2024
Adani GroupAdani, Uber explore partnership to launch EVs in India
The Adani Group is said to be in talks with ride-sharing giant Uber to develop a strategic partnership, focusing on electric passenger cars and incorporating Uber services into Adani One, as reported by The Economic Times.
13 Feb 2024
Securities and Exchange Board of IndiaAdani-Hindenburg case: Review petition filed against Supreme Court's clean chit
A review petition has challenged the Supreme Court's decision to support the Securities and Exchange Board of India (SEBI) investigation into the Adani-Hindenburg case.
08 Feb 2024
Adani GroupOne year after Hindenburg row, Adani's fortune hits $100B again
Gautam Adani's net worth has soared to $100.7 billion, rejoining the exclusive group of tycoons around the world with fortunes over $100 billion.
21 Jan 2024
Narendra ModiRam Mandir construction in-charge shares post-Pran Pratishtha plans
The Ram Mandir in Ayodhya, Uttar Pradesh, is set to hold the Pran Pratishtha (consecration) ceremony of Lord Ram Lalla's idol on Monday in the presence of over 7,000 guests, including politicians, religious leaders, and celebrities.
11 Jan 2024
Mukesh AmbaniMukesh Ambani enters $100bn club, surpasses Adani as Asia's richest
Mukesh Ambani, the Chairperson of Reliance Industries, has once again pipped Gautam Adani, the Chairperson of Adani Group, to become Asia's richest person.
10 Jan 2024
Narendra ModiIndia to become developed nation in 25 years: PM Modi
Prime Minister Narendra Modi on Wednesday said that India will become a developed nation in the next 25 years.
10 Jan 2024
GujaratVibrant Gujarat Global Summit 2024: Key investments announced today
The 10th edition of the Vibrant Gujarat Global Summit 2024 kicked off in Gandhinagar earlier today.
10 Jan 2024
Adani GroupAdani to invest Rs. 2L crore in Gujarat in 5yrs
Adani Group will invest Rs. 2 lakh crore in Gujarat over the next five years, said Chairperson Gautam Adani, at the Vibrant Gujarat Global Summit 2024, today.
05 Jan 2024
Mukesh AmbaniGautam Adani once again becomes India's richest person
Gautam Adani, the Chairperson of the Adani Group, has surpassed Mukesh Ambani, the Chairperson of Reliance Industries, to reclaim the title of India's richest person.
03 Jan 2024
Adani GroupGautam Adani becomes Adani Ports's Executive Chairman following management rejig
Adani Ports and SEZ, the maritime and logistics division of the Adani Group, has revealed a major shake-up in its top leadership.
29 Dec 2023
Bloomberg Billionaires IndexRichest 500 people rebound with $1.5 trillion gain in 2023
The world's 500 wealthiest individuals saw their combined net worth skyrocket by $1.5 trillion in 2023, according to the Bloomberg Billionaires Index.
26 Dec 2023
Adani GroupAdani Green Energy to receive Rs. 9,350cr investment from promoters
Adani Green Energy has announced that its promoters will inject Rs. 9,350 crore into the company through preferential issuance of warrants priced at Rs. 1,480.75 each.
11 Dec 2023
Adani GroupAdani Green to raise $410mn via bond issuance: Here's why
Adani Green Energy Ltd. is set to raise around $410 million (approximately Rs. 3,420 crore) through a new bond issuance, as reported in a Singapore stock exchange filing.
04 Dec 2023
Adani GroupGautam Adani's fortune grows by $5.6B in just 6 days
Gautam Adani's net worth has increased by $5.6 billion since Tuesday as Adani Group's stocks rallied after the conclusion of hearings in a case involving allegations of corporate wrongdoing against the conglomerate
24 Nov 2023
Adani GroupSEBI assures SC of timely conclusion of Adani Group's investigation
The Securities and Exchange Board of India (SEBI) has assured the Supreme Court that it will not request an extension to finish its investigation into billionaire Gautam Adani's group concerning the Hindenburg report.
19 Nov 2023
Gross Domestic ProductIndia's GDP crosses $4 trillion mark: Reports
India has made its way into the top four nations globally in terms of gross domestic product (GDP) after crossing the $4 trillion mark on Sunday, according to reports.
19 Nov 2023
Rahul GandhiRajasthan election: RaGa accuses PM Modi of working for Adani
Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi on Sunday for allegedly working "round-the-clock" to benefit business magnate Gautam Adani.
17 Nov 2023
Directorate of Revenue Intelligence (DRI)Government seeks to restart probe into Adani's coal imports case
The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports.
08 Nov 2023
United States of AmericaUS pours $553mn into Sri Lankan port to counter China
The US International Development Finance Corporation (DFC) has committed $553 million (about Rs. 4,603.4 crore) to finance a port terminal in Colombo, Sri Lanka, which is being developed by Gautam Adani.
