Gautam Adani (PTI file photo) MUMBAI: Following US securities and wire fraud allegations, Adani Ports and Special Economic Zone, led by Gautam Adani, has withdrawn from a financing arrangement with a US agency for a Sri Lankan port terminal project, opting instead to utilise its own resources. In light of the US indictment, securing loans…
The ranking methodology by Motilal Oswal involves listing the top 100 companies in descending sequence based on absolute wealth created. (AI image) Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator stock over 2019-24, according to a study report by Motilal Oswal Financial Services. According to the 29th Annual Wealth Creation Study of…
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 We have withdrawn…
NEW DELHI: The US responded to BJP’s claims that the State Department and “deep state” were working to destabilise India by targeting PM Narendra Modi and industrialist Gautam Adani, saying it’s “disappointing that the ruling party in India would make these kinds of accusations”.BJP had alleged that the US deep state worked with investigative journalism…
NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi on Thursday joined the opposition leaders, including Priyanka Gandhi, in their protest against the central government over Gautam Adani indictment issue outside the Parliament. Playing upon PM Modi‘s recent poll rhetoric of “ek rahenge, safe rahenge,” Rahul sported t-shirt which said “Modi Adani ek hai”…
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…
Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate.Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people…
