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Tahir Qureshi January 31, 2026 8:54 PM IST
The SEC alleges that Adani Green Energy provided false information while raising funds from US investors.
Vikas Mehta November 29, 2024 12:49 PM IST
A review does not necessarily mean that the step will change the lenders' credit approach toward the Adani Group. A regulatory source who is in know of the development says as per the standpoint of the banking system, none of the banks is over exposed to the Group.
PTI November 27, 2024 11:24 AM IST
Billionaire Gautam Adani, and his nephew Sagar have not been charged with any violation of the US Foreign Corrupt Practices Act (FCPA). They have been charged under securities fraud that involves levy of monetary penalties.
Victor Dasgupta November 24, 2024 7:01 AM IST
According to the reports, the summons were delivered to their respective residences in Ahmedabad - Gautam Adani's Shantivan Farm and Sagar Adani's Bodakdev home.
Anirudha Yerunkar November 22, 2024 3:47 PM IST
Gautam Adani's nephew, Sagar Adani, has come into the limelight after facing charges in a US court.
Gazi Abbas Shahid November 21, 2024 11:22 PM IST
The setback for Adani Group Chairman, Gautam Adani, comes following his indictment by US prosecutors this week on on charges he duped investors in a massive solar energy project in India by concealing that it was facilitated by an alleged bribery scheme.
Vikas Mehta November 21, 2024 8:08 PM IST
The huge plunge came after the US Department of Justice and the US Securities and Exchange Commission made bribery allegations against directors of the Adani Green-Gautam Adani and Sagar Adani. The American prosecutors said that Adani directors were involved in a scheme to pay USD 250 million (2100 crore) as bribe to Indian officials to secure solar energy contracts.
Vikas Mehta November 21, 2024 7:04 PM IST
A five-count criminal indictment has been unsealed in the United States District Court for the Eastern District of New York, charging prominent Indian executives including Chairman of the Adani Group Gautam Adani by linking them to an alleged bribery and fraud scheme.
Vikas Mehta November 21, 2024 4:29 PM IST
The stocks of Adani Ports have caused a massive loss to LIC. Following the plummet in Adani Ports' stock, LIC has lost Rs 5,009.88 crore. Additionally, the state-run insurance company incurred a loss of Rs 3,012.91 crore due to the decline in Adani Enterprises' stocks. The shares of Ambuja Cement also resulted in a loss of Rs 1,207.83 crore for LIC.
Victor Dasgupta November 21, 2024 6:45 AM IST
The Adani Group did not immediately respond to requests for comment outside business hours in India, where the charges were announced early Thursday morning.
Anirudha Yerunkar November 20, 2024 9:15 AM IST
Sagar Adani's bold investment plan underlines the Adani Group's commitment to transforming India's energy landscape.
Vikas Mehta October 12, 2024 7:26 PM IST
Gautam Adami's two sons, Karan and Jeet, along with his nephews, Pranav and Sagar Adani have actively engaged themselves in Adani Group's various businesses.
Anirudha Yerunkar October 9, 2024 12:15 PM IST
Will Gautam Adani inherit his business empire to his two sons or two nephews? Who can be his likely heir according to the media report?
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