Page 2 - Latest Updates on Gautam Adani SEC indictment

Bangladesh halves power buying from Adani Power amid payment dispute

An Adani Power spokesperson said the firm was continuing supply to Bangladesh, although mounting dues were a significant concern, making plant operations unsustainable

No indication of B'desh reviewing power deal: Adani Power amid indictment

Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal

Oppn wants discussion but govt running away: Cong amid Parliament deadlock

The Congress on Monday accused the treasury benches of "running away" from a discussion in Parliament on issues such as the Adani indictment and Sambhal violence, and said the government simply did not want Parliament to function. Both Houses of Parliament were adjourned on Monday amid continued protests by the opposition, which demanded a discussion on the indictment of industrialist Gautam Adani in a US court on bribery charges and the Sambhal violence, which claimed four lives. Congress general secretary in-charge, communications, Jairam Ramesh said, "Today too both Houses got adjourned. INDIA parties had given notices for an immediate discussion on Adani, Manipur, Sambhal, and Ajmer. These parties never agitated. There was hardly any sloganeering. But the Modi government simply did not want Parliament to function." "The situation is truly extraordinary. The Opposition wants a discussion but the government is running away from it," Ramesh said. He said opposition INDIA bloc part

Adani investor GQG's shares down by 13% after analyst downgrades stock

Swiss bank UBS downgraded GQG's stock rating from 'buy' to 'neutral' on Monday and reduced its price target from A$3.30 to A$2.30

To pull or not to pull the plug: Adani bribery row puts TDP in a bind

TDP-led Andhra Pradesh government has a difficult choice to make vis a vis the power deal at the heart of a raging controversy over US bribery allegations against Gautam Adani

In scrutiny, you must find the courage to challenge the status quo: Adani

Adani acknowledged the scrutiny faced by his group in recent years, citing challenges such as the coal mine resistance in Australia and allegations of compliance issues in the US

How can govt be part of probe into itself: Cong's dig at MEA on Adani issue

The Congress on Saturday took a swipe over the Ministry of External Affairs' statement that the Indian government is not part of the US probe into Adani Group in any manner, asking how can this government be part of a probe into itself. In the first official reaction after the industrialist was charged with alleged fraud by prosecutors in the United States, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said India is yet to receive any communication for cooperation in the case. The Indian government is not part of the matter in any manner at this point of time, he said. Tagging a media report on the remarks, Congress general secretary in-charge communications Jairam Ramesh said, "The MEA spokesperson says that the Indian Government is not part of the US probe into the Adani Group. He has simply stated the obvious. How can this Government be part of a probe into itself?" The MEA has said the indictment of Indian billionaire Gautam Adani by the US prosecutors is a ..

Adani Green's dollar bond may be revived by mid-2025, says group CFO

Other Adani Group firms may also raise funds through a few public bond sales in India over the next 12 months, Singh said

Adani Group has liquidity, cash flows to serve debt, says CRISIL Ratings

Ratings of 24 group firms under 'continuous surveillance', says agency about conglomerate facing legal charges in the US

Individuals, not group, will respond to US charges: Adani group CFO

Will delay dollar bond till April-June, he says

Adani saga: Govt steps aside, says matter between pvt parties and US

Foreign ministry spokesperson says India has not been consulted by America

I would have known: Adani Group CFO claims no bribery carried out by execs

Adani Green's cancelled $600 mn bond will be delayed till April-June 2025

Legal matter involving private firms and US justice dept: MEA on Adani case

Days after US prosecutors charged industrialist Gautam Adani and some others with bribery and fraud, India on Friday said it is a legal matter involving private firms and certain individuals and the US Department of Justice. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said the Indian government was not informed about the issue in advance. "This is a legal matter involving private firms and individuals and the US Department of Justice. There are established procedures and legal avenues in such cases, which we believe would be followed," he said. Jaiswal was responding to a question on the charges slapped against Adani and others during his weekly media briefing. To a question on whether the United States has served a summons or warrant on the Adani case, he said India has not received any such request. "Any request by a foreign government for service of summons or arrest warrant is part of mutual legal assistance. Such requests are examined on merits," Jaiswal .

These 3 Adani Group stocks have zoomed up to 54% in just 3 days

Adani Green Energy, Adani Energy Solutions and Adani Total Gas rallied up to 22% on the NSE in intra-day trade, after inclusion in F&O segment on Friday.

US SEC has indicted Adani, but India's SECI has only given favours: Cong

The Congress on Friday accused the Solar Energy Corporation of India (SECI) of favouring the Adani Group, alleging that Adani Green is not suffering one bit even though it is yet to supply a single unit of the contracted 3 gigawatts of electricity to Andhra Pradesh. Congress general secretary in-charge communications Jairam Ramesh said Adani Green Energy's solar power project has not supplied a single unit of power to Andhra Pradesh two months after the original schedule to supply 3,000 MW. "It is amazing that even though it has yet to supply a single unit of the contracted 3 gigawatts of electricity to Andhra Pradeshdespite the alleged ?1,400 crore bribe to secure the contractAdani Green is not suffering one bit, thanks to the Central Government," Ramesh said in a post on X. Adani will start supplying one-third of the promised amount to Andhra Pradesh seven months late, he said. "But Solar Energy Corporation of India (SECI) has permitted it to sell the power on power exchanges in

No negative actions so far by investors on Adani after indictment: CRISIL

Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. 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, it said in a bulletin. On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against Gautam Adani, Sagar Adani and Vneet Jaain, key functionaries of Adani Green Energy Ltd (AGEL). The charges rela

Probe in US, protests in Australia: Global ambitions weigh on Adani Group

Indian conglomerate's rising international footprint has come with controversies

Adani solar project misses deadline, delays power supply to Andhra Pradesh

Adani Green Energy's solar project delays leave Andhra Pradesh waiting for power. The state is likely to receive only 1,000 MW by April 2025, much below the initial schedule of 3,000 MW

Japanese banks stick with Adani while Jefferies, Barclays review ties

Japanese support shows the divide among finance firms over Adani after he and others were charged with plotting a $250 million scheme to bribe India government officials to win solar energy contracts

Adani wipeout will hurt sentiment, not long-term outlook: Global investors

Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place