The Adani Group says the US Department of Justice itself has said that the indictment charges are "allegations" and that it “must be presumed innocent unless and until proven guilty.”
The country’s largest life insurance company has lost over $1.85 bn over Sept-end valuation
The Rajiv Jain-led firm has infused around ₹80,000 crore in Adani Group companies, including Adani Ports, Adani Green Energy, and Adani Enterprises
Moody's says the main focus when assessing Adani Group is on the ability of the group’s companies to access capital to meet their liquidity requirements and on its governance practices.
The cumulative m-cap of the Adani group stocks dropped by ₹1.86 lakh crore to ₹12.42 lakh crore from ₹14.28 lakh crore at the end of trade on Wednesday.
Gautam and Sagar Adani orchestrated a bribery scheme that involved paying or promising to pay the equivalent of hundreds of millions of dollars in bribes to Indian government officials, alleges SEC.
Adani Group aims to create up to 15,000 jobs in the U.S. by leveraging its global expertise and investment in energy and infrastructure projects.
Adani group affiliate Renew Exim DMCC has proposed to buy 72.64% stake in ITD Cementation for a total consideration of over ₹5,700 crore.
Adani group’s unit Renew Exim DMCC to buy 46.64% stake from ITD Cementation’s Thai promoter, and an additional 26% through open offer.
The Ambuja-Orient deal marks another acquisition after ₹10,422 cr Penna Cement buyout in June this year; to boost Ambuja's capacity by 16.6 mn tonnes
