The United States Department of Justice (DoJ) has filed charges against industrialist Gautam Adani. Days after the US indictment of Gautam Adani and other individuals, Adani Group CFO Jugeshinder Singh has said that the bribery indictment pertains to a single contract at Adani Green Energy. According to a Reuters report, the Adani Group CFO said…
MUMBAI: GQG Partners, a major foreign investor in the Adani group companies, has initiated defensive measures to safeguard its share price following the fallout from a US investigation into the Ahmedabad-based conglomerate. The Sydney-listed fund initiated a $65 million share buyback programme, citing the potential presented by the significant drop in its stock value. Assembly…
Investor wealth tumbled by Rs 5.27 lakh crore on Thursday as markets witnessed a sharp decline, aligning with the fall in Adani Group stocks. The benchmark BSE Sensex dropped 422.59 points, or 0.54 per cent, to close at 77,155.79 after plunging 775.65 points, or 0.99 per cent, earlier in the day to 76,802.73.The market capitalization…
Adani group witnessed significant market losses, with two Adani stocks dropping 20%. Gaudam Adani indicted in US: Following the US prosecutors’ indictment of Gautam Adani and seven others, including his nephew Sagar Adani, in a bribery case, Moody’s Ratings indicated on Thursday that this development negatively affects the credit status of Adani Group companies.“The indictment…
BHUBANESWAR: Adani Group’s acquisition of agricultural land near the mineral-rich and sacred Gandhamardhan Hills in Odisha‘s Balangir district has sparked a political controversy, with opposition parties questioning whether the company intends to undertake mining in the area. Adani Group and BJP have dismissed the concerns.According to govt land records, Adani Group subsidiary Mahanadi Mines and…
