The outgoing Biden administration on Tuesday, December 17, exuded confidence that India and the US will be able to “weather” the challenges to their relationship that arose after two recent indictments — one related to a Sikh separatist and the other to an Indian billionaire.
Tag: Gautam Adani
‘Indian govt hasn’t received any US communication in Adani case’: MEA spokesperson
MEA spokesperson Randhir Jaiswal said the US hasn’t communicated to India about case involving Adani Group and the U.S. Department of Justice
Gautam Adani, nephew Sagar not charged under US Foreign Corrupt Practices Act, says Adani Green
Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani, and another key executive, Vneet Jaain, have been charged by the US Department of Justice. However, in a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations “are incorrect”.
US issues arrest warrant against Indian billionaire Adani following indictment for bribery
Indian billionaire Gautam Adani’s net worth dropped by over USD 10 billion on Thursday, November 21, following the issuance of an arrest warrant in the US by a judge, just hours after federal prosecutors accused him of running a USD 250 million bribery scheme in the country.
Adani Green scraps USD 600 million bond sale after promoter charged in alleged bribery case in US
Hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.
US names Gautam Adani, others in USD 250 million bribery scheme
According to the indictment, between 2020 and 2024, the Adani and the others agreed to pay more than USD 250 million in bribes to Indian government officials to obtain lucrative solar energy supply contracts with the Indian government, which were projected to generate more than USD 2 billion in profits after tax over an approximately 20-year period.
HCL’s Shiv Nadar tops Hurun India Philanthropy List 2024, two women in top 10
The top 10 individuals/companies in the list contributed INR 4,625 crore (approx. USD 548.09 million) to philanthropic causes. This made up 53 percent of the total donations in the list of over 203 donors, which included 96 new entrants.
Adani Energy Solutions commissions biggest inter-regional 765 KV transmission line across Maharashtra, Telangana, and Andhra Pradesh
Adani Energy Solutions commissions biggest inter-regional 765 KV transmission line across Maharashtra, Telangana, and Andhra Pradesh
Panel investigating Hindenburg allegations against Adani Group gives clean chit to SEBI
A Supreme Court-appointed expert panel investigating India’s regulatory mechanism regarding the Hindenburg allegations against the Adani Group said it appears there was no regulatory failure on the part of market regulator Securities and Exchange Board of India (SEBI).
Adani group seeks to regain investors’ trust after Hindenburg bump
The Adani group yesterday began a three-day road show in Singapore and Hong Kong with its bondholders in a bid to win back their trust after the damaging Hindenburg report sparked a month-long rout of its shares on the stock market.
