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INSANE: 2 | Vintage Vibes

Gautam Adani denies any deal linked to dismissal of US criminal case in sworn affidavit

Gautam Adani has categorically denied any involvement with a deal related to the dismissal of criminal charges against him. He affirmed under oath that he was ignorant of any agreements surrounding this matter. The Justice Department explained that legal hurdles necessitated the charge dismissal. Furthermore, discussions between Adani's legal team…

The Economic Times

Gautam Adani, family's property arm top realty wealth gains, adds Rs 38,000 crore in 2026 rankings

Adani Properties led real estate wealth creation, adding Rs 38,000 crore to its valuation. DLF remained India's most valuable developer despite a valuation decline. Lodha Developers and Indian Hotels Company also saw valuation drops this year. The broader real estate sector experienced subdued growth, with a 2% cumulative value increase.…

The Economic Times

Adani ducks headwinds to record a huge jump in realty fortune; at cusp of being richest in biz: Report

Last year marked a significant financial upturn for Gautam Adani's family, as their real estate holdings witnessed a remarkable increase, valuing Adani Properties at Rs 90,400 crore, up by Rs 38,000 crore. This contrast sharply with the broader real estate market, where the BSE Realty Index plummeted by 20 percent,…

The Economic Times

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The great Adani trade is back with Rs 1.4 lakh crore bang! Why Adani Enterprises is Nifty’s hottest stock now

Adani Enterprises shares have rallied significantly this year, becoming Nifty's top performer. Investors are betting on its airports-to-copper portfolio to create new listed companies. The company recently raised substantial capital through a qualified institutional placement. This funding will support business expansion, debt repayment, and strategic investments. Analysts expect strong earnings…

The Economic Times

India seeks to quash Adani airport's nicotine pouch court challenge citing illegality, health risk

India's government argues Adani Group's airport sale of nicotine pouches violates drug laws. The government asserts these sales pose a serious public health risk to citizens. Adani Group is challenging the official finding that they broke the law. The case could set a precedent for regulating nicotine pouch sales at…

The Economic Times

Gautam Adani to file affidavit this week in US court

Gautam Adani is set to file a sworn affidavit with a US court this week to confirm his awareness of any investment agreements connected to the dismissal of indictments. The justice department has petitioned to dismiss the case due to its lack of legal merit. However, the presiding judge seeks…

The Economic Times

US court unlikely to reject DOJ bid to drop Adani case, legal experts say

US legal experts say it would be highly unusual for a federal court to reject the Department of Justice's request to dismiss the criminal case against Gautam Adani. The DOJ has argued the prosecution was legally flawed, difficult to prove and inconsistent with Trump administration priorities, while experts say judges…

The Economic Times

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View: Meta's cloud play will spice up Ambani-Adani rivalry

Meta Platforms is leasing its excess AI compute capacity to enterprise clients. This move will reshape the rivalry between Indian tycoons Mukesh Ambani and Gautam Adani. Ambani's Reliance and Meta are partnering on a large data center project. This alliance addresses data sovereignty concerns for Indian businesses. It allows local…

The Economic Times

Adani storms Hindalco-Vedanta duopoly with Rs 1.1 lakh crore gambit

Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium…

The Economic Times

US DoJ's hard-hitting defence of Adani case withdrawal leaves little room for judge: Harish Salve

The US Department of Justice has strongly defended dropping bribery charges against Gautam Adani, citing weak evidence and jurisdictional issues. Senior Advocate Harish Salve suggested the case was a "name and shame" tactic with a political agenda to pressure India. The DoJ's firm stance, emphasizing prosecutorial discretion and the case's…

The Economic Times

Adani Defence to invest Rs 2,500 crore in missile manufacturing complex in Madhya Pradesh

Adani Defence & Aerospace has inaugurated South Asia's largest private missile ecosystem in Shivpuri, Madhya Pradesh. This Rs 2,500 crore facility will house the entire missile manufacturing value chain, from raw materials to finished systems, a first for India's private sector. The project aims to boost indigenous defence production and…

The Economic Times

US DOJ defends dropping Gautam Adani case, says charges were flawed

In a 10-page submission before US District Judge Nicholas Garaufis, the Department said the court had only a limited role in reviewing its decision to seek dismissal of the indictment with prejudice. The filing came after Judge Garaufis directed the Department to explain why it wanted to permanently withdraw the…

The Times of India

US DoJ says Adani case should never have been brought, urges judge to drop charges permanently

The US Department of Justice has strongly defended its decision to drop criminal charges against Indian billionaire Gautam Adani and others, citing legal flaws and diplomatic concerns. The department argued the case, which alleged bribery and investor fraud, was primarily a foreign matter and lacked a sound US legal basis.

The Economic Times

US judge's order in Adani case is procedural: Senior lawyer Raian Karanjawala

A senior lawyer clarified that a US judge's request for more details on dropping charges against the Adani Group is a standard legal procedure. He emphasized that the Department of Justice requires court permission to withdraw a prosecution, a process the judge is overseeing. This step, he explained, is routine…

The Economic Times

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The Economic Times

Adani case: NY judge's query procedural, unlikely to derail DoJ bid to drop charges, says US lawyer

A US judge's request for more details on dismissing charges against Gautam Adani is a standard procedural step, not a sign the case will resume. Legal experts emphasize that federal courts rarely force prosecutors to pursue cases they've decided to drop. The Justice Department is expected to provide the requested…

The Economic Times

India needs 2,000 GW new power capacity in 20 years, says Adani Green's Sagar Adani

India needs to add nearly 2,000 gigawatts of new power generation capacity over the next two decades to meet rising demand and reduce reliance on imported fuels, according to Adani Green Energy Executive Director Sagar Adani. He emphasized that electrification, supported by renewables, hydro, thermal, and nuclear power, is the…

The Economic Times

Gautam Adani launches initiative 'Vande Bharatam' to discover entrepreneurs across India

Adani Group Chairman Gautam Adani launched Vande Bharatam, a nationwide initiative to discover and support innovators and entrepreneurs from all corners of India. The program aims to democratize opportunity, extending beyond traditional startup hubs to include participants from villages and towns, irrespective of background. Seventy-five finalists will receive intensive mentorship…

The Economic Times

Lawyers for Gautam Adani urge US judge to dismiss criminal case

Indian billionaire Gautam Adani's lawyers are pushing a U.S. judge to officially drop criminal charges after the Justice Department announced it would no longer pursue the case. Adani had been accused of bribery and misleading U.S. investors. The defense argues the charges were outside U.S. jurisdiction and unprovable. Separately, Adani's…

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The Economic Times

Adani Enterprises: A high-risk, high-reward bet that is not for the faint-hearted: Sudip Bandyopadhyay

Adani Group is set to invest $15-20 billion over the next five years, focusing on expanding its ports to handle 1 billion tonnes, boosting power capacity to 45 GW including nuclear, and developing data centres and airports. Chairman Gautam Adani highlighted the group's confidence in India's infrastructure growth, aiming for…

The Economic Times

Adani Group targets 10 GW nuclear power capacity by 2035

Adani Group is venturing into nuclear power, aiming for 10 GW capacity by 2035 to bolster India's energy security amidst global uncertainties. Chairman Gautam Adani announced land acquisition for Adani Atomic Energy, a significant addition to the conglomerate's integrated power platform. This move aligns with accelerated investments across the energy…

The Economic Times

Beyond Ports & Power: Gautam Adani's next big bet isn't just infra

Adani Group AGM 2026: Gautam Adani is steering his infrastructure giant towards a new era, focusing on internal transformation rather than just scale. The group is simplifying its structure to speed up decisions and enhance accountability. Adani also aims to redefine contractor relationships into long-term nation-building partnerships and place workers…

The Independent UK

Trump calls Modi ‘most beautiful man’ during press conference – while Indian PM takes no questions

The flattering comments from Trump come a week after India urges US to halt strikes on shipping following three attacks on ‌Indian-crewed tankers

The Economic Times

Adani Green in talks to raise as much as $1 billion in offshore borrowing after US settlement

Adani Green Energy is planning to secure a significant offshore loan of up to $1 billion. This marks the company's first international borrowing after resolving legal issues in the United States. The funds will support capital expenditure and other company needs. This move could also invigorate India's offshore loan market,…

The Economic Times

Adani Enterprises shares in focus on partnership with Jabil to build AI data centres in India

Adani Enterprises will be in focus after announcing a strategic partnership with Jabil to develop an AI and data centre infrastructure manufacturing platform in India. The collaboration aims to build multi-gigawatt capacity for AI hardware and supporting systems, targeting growing global demand for AI computing and digital infrastructure.

The Economic Times

Adani, Jabil announce plans for AI data centre in India

Adani Group and Jabil Inc. are joining forces to build AI and data centre hardware in India. This partnership aims to create a large-scale manufacturing platform for AI-ready equipment. The venture will leverage Adani's infrastructure and Jabil's manufacturing expertise. This initiative targets both domestic and global markets, capitalizing on the…

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