Kenya’s President William Ruto has ordered the termination of major contracts with the Indian conglomerate Adani Group, citing concerns over ethical governance following the indictment of Gautam Adani in the United States. The canceled agreements include a high-profile airport development project and a significant energy infrastructure deal, both of which had been positioned as transformative […]
Indian billionaire Gautam Adani, one of the world’s wealthiest individuals and chairman of the Adani Group, has been accused of orchestrating a multibillion-dollar bribery scheme to secure lucrative contracts in India. U.S. federal prosecutors allege that Adani and a group of collaborators paid millions in bribes to Indian government officials, enabling them to win contracts […]
Adani Power, part of the sprawling Indian conglomerate led by Gautam Adani, has issued an ultimatum to the Government of Bangladesh: settle $800 million in outstanding payments by November 7 or face a complete power supply cut. The power supplied to Bangladesh originates from the 1,600 MW Godda coal-fired power plant in Jharkhand, India. Adani […]
In a fresh regulatory blow to the Adani Group, India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued show-cause notices to six companies within the conglomerate. The notices, filed under scrutiny for non-compliance with listing regulations and questionable related party transactions, affect several of Adani’s prominent companies, including Adani Enterprises, Adani […]
Adani Enterprises Limited, the flagship company of the Adani Group, has announced remarkable financial results for the quarter ending June 30, 2024. The company’s consolidated performance reveals a robust growth trajectory, underscoring its operational excellence and strategic focus on key business sectors. For the first quarter of FY25, Adani Enterprises Limited achieved a striking 48% […]
In a significant milestone for both India and the global renewable energy (RE) sector, Adani Green Energy Limited (AGEL), India’s largest renewable energy company, has announced that it has exceeded 10,000 megawatts (MW) of operational capacity. This achievement underlines AGEL’s role as a front-runner in the clean energy transition, with its operational portfolio now delivering […]
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, part of the globally diversified Adani Group, has witnessed a significant leadership transition. The company has promoted CEO Mr. Karan Adani to the role of Managing Director, a position previously held by Mr. Gautam Adani, Chairman of the Adani Group. In […]
Adani Green Energy Ltd (“AGEL”), at the forefront of India’s renewable energy sector and a global leader, has recently made a groundbreaking announcement. The Board of Directors of Adani Green Energy approved a preferential issuance of warrants to its Promoters for a staggering amount of INR 9,350 crore (equivalent to USD 1,125 million). This investment […]
In a remarkable demonstration of financial independence and strategic planning, the Adani Group has constructed the Dhamra LNG import facility in Odisha entirely through promoter backing, without relying on the financial undertakings or guarantees of public sector behemoths like Indian Oil Corporation (IOC) and GAIL. This approach, reported by NDTV citing undisclosed sources, represents a […]
In what can be tagged as one of the most explosive revelations, BJP’s Nishikant Dubey shakes the political ground by alleging that Trinamool Congress (TMC) Member of Parliament (MP) Mahua Moitra “took bribes to ask questions” in the sacred halls of parliament. And if that wasn’t enough, the allegations point a direct finger at her […]