Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
An entity majority-owned by embattled billionaire Gautam Adani, who was indicted in US courts last month, has pulled back from a loan pact valued at $553 million from the US International Development Finance Corporation, according to a company filing.“The project will be financed through the company’s internal accruals and capital management plan. We have withdrawn…
Chairman of Adani Group, Gautam Adani, termed the falling gems and jewellery exports a ‘wake-up call’ that signals both temporary and permanent challenges. Adani said this in his keynote address at the 51st India Gem & Jewellery Awards in Jaipur. oN the gems and jewellery sector, he said, “India is the jewel in the global…
In his first public reaction to indictment by US prosecutors, Adani Group chairman Gautam Adani said Saturday that “every attack” makes the group stronger and affirmed its “absolute commitment to world-class regulatory compliance“.“This is not the first time we have faced such challenges… despite a lot of the vested reporting, no one from the Adani…
NEW DELHI: In a first reaction to the recent US indictments, industrialist Gautam Adani on Saturday dismissed the allegations and said that “every attack makes us stronger.” Speaking at the 51st Gem And Jewellery Awards in Jaipur, Adani said that this was not the first time the group had faced “such challenges.” “As most of…
NEW DELHI: The ministry of external affairs on Friday said that India had not received any information in advance on the indictment of industrialist Gautam Adani on bribery charges by the US department of Justice. The ministry also clarified that it has not received any summon request or warrant in the case from the US…
Now handling 4.5 million containers, Vizhinjam port will be southern India’s largest freight terminal THIRUVANANTHAPURAM: Kerala signed Thursday a supplementary concession agreement with Adani Vizhinjam Port Pvt Ltd, paving the way for earlier-than-expected revenue gains from Vizhinjam deep-water international seaport near Thiruvananthapuram. The Rs 7,700-crore port, built as a public-private partnership with Adani Group, is…
NEW DELHI: In his first reaction to the charges leveled against him, former Andhra Pradesh chief minister Jagan Mohan Reddy on Thursday dismissed allegations regarding the payment of bribes to Andhra Pradesh officials by the Adani Group for solar power purchases during his party-led government (19-24). The YSRCP chief said that the deal was purely…
Rahul Gandhi on Adani (AP photo) NEW DELHI: Lok Sabha leader of opposition Rahul Gandhi on Wednesday criticised Centre on lack of action against billionnaire Gautam Adani over bribery allegations by US authorities.Gautam Adani, founder chairman of the ports-to-energy conglomerate, his nephew Sagar Adani and another key executive, Vneet Jaain, have been charged by the…
Adani Group founder-chairman Gautam Adani, his nephew and Adani Green Energy’s executive director Sagar Adani, and others are charged with executing a $265m bribery scheme linked to the business of Adani Green Energy. MUMBAI: French oil major TotalEnergies has announced suspension of additional investments in Adani Group companies pending the resolution of US bribery allegations…
