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India's Adani Enterprises Tanks After Founder's US Charges

Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.

International Business Times

Indian Billionaire Indicted For Securities Fraud In Solar Project

Indian billionaire Gautam Adani indicted in the U.S. on charges related to solar project bribery scheme.

Top News

US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in his home country by concealing that it was facilitated by alleged bribery

The Independent UK

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Gautam Adani was part of BJP-NCP talks, Ajit Pawar reveals in NL-TNM interview

Gautam Adani, the billionaire and chairman of the Adani Group, was part of political talks between the Bharatiya Janata Party and Nationalist Congress Party five years ago, Maharashtra Deputy CM Ajit Pawar said in an interview with Newslaundry and The News Minute. At the end of that episode, Ajit Pawar…

Newslaundry

‘Same promise for 25 years’: Locals as Adani’s Dharavi plan turns MVA’s rallying cry

The proposed Adani redevelopment project in Dharavi has become a contentious issue in Maharashtra’s high-decibel poll campaign. Amid the opposition’s allegations of the Adani Group being given preferential treatment under the NDA government, Shiv Sena (UBT) chief Uddhav Thackeray has promised to scrap the Dharavi project and this is gradually…

Newslaundry

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

Newslaundry

Kenya Airport Whistleblower Fears For His Life

Nelson Amenya caused an uproar by exposing secret talks for an Indian firm to take over Kenya's main airport.

International Business Times

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Adani proxy’s $311 million frozen by Swiss authorities

Over the last three years, the Swiss authorities have frozen US $311 million (Rs 2,610.7 crore) belonging to a prominent associate of the Adani group for his role in money laundering, manipulation of the group’s stocks in the Indian markets, and forgery.

Newslaundry

Cong demands JPC inquiry on Hindenburg-Adani-SEBI row; Stages protest

The protest rally was held by Telangana Pradesh Congress Committee (TPCC) from Gun Park to the ED office in Hyderabad. Read further on Dynamite News:

Dynamite News

Adani Group Faces Market Turmoil Amid Allegations

Adani Group faces billion losses after Hindenburg Research's accusations of offshore fund links.

Top News

Hindenburg made just $4 million from $153 billion Adani rout

It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.

The Times of India

Hindenburg lashes out on Sebi over Adani report

Hindenburg Research called out the Securities and Exchange Board of India(Sebi) for failing to address the fraud it alleged in a short-selling report on the Adani Group early last year, after receiving a notice from the regulator in June.

The Times of India

Gautam Adani's post for his granddaughter is so heartwarming

A picture from Gautam Adani's social media account is going viral over social media. In the picture, we see a happy grandfather holding his youngest granddaughter with all joy and happiness.

The Times of India

Congress promises to set up parliamentary committee to probe violations of Adani Group

The Congress reiterated its position of setting up a joint parliamentary committee to investigate allegations of violations of rules by the Adani Group, if the party came to power at the Centre

The Hindu

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The Hindu

Vizhinjam port gets ISPS certification from IMO; commercial operations likely to begin by September

The port is expected to begin the trial run of port operations in May by pressing barges loaded with containers, while officials with the Adani Group are hopeful of commencing the full-fledged commercial operations of the port by Onam.

The Hindu

SEBI should not become another SBI, 'too scared to touch the sacred': Congress

Congress hopes SEBI won't delay Adani report, criticizes SBI; demands JPC investigation into alleged stock manipulation.

Dynamite News

TMC's Mahua Moitra to skip ED summons today, will campaign in her constituency

Trinamool Congress' leader mahua-moitra">Mahua Moitra will skip the Enforcement Directorate (ED) summons slated for today in a Foreign Exchange Management Act (FEMA) violation case linked to the cash-for-query scam. Read further on Dynamite News:

Dynamite News

ED issues 3rd summons to TMC's Mahua Moitra in FEMA case on Thursday

The Enforcement Directorate (ED) has issued a third summons to Trinamool Congress leader Mahua Moitra in connection with irregularities in a foreign exchange contravention case, asking her to join the probe on March 28. Read further on Dynamite News:

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The Hindu

Adani Group announces investment of about ₹75,000 crore in Madhya Pradesh

The Adani Group will invest about ₹75,000 crore in Madhya Pradesh, including ₹5,000 crore in building the Mahakal Expressway between Ujjain and Bhopal.

The Hindu

ED summons Hiranandani Group promoters in FEMA case on Monday

Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group.

The Hindu

Dharavi rehabilitation project: mapping of slum cluster in heart of Mumbai to begin soon

The Dharavi Redevelopment Project in Mumbai is set to begin mapping the slum cluster, with a survey to determine eligibility for rehabilitation.

The Hindu

Adani Group to invest ₹12,400 cr in Telangana in the coming years

Adani Group announces investments of ₹12,400 crore in Telangana for various projects including data centers and cement grinding unit.

Newslaundry

Year after NDTV exit, Prannoy Roy returns with new venture deKoder

Nearly one year after the Adani Group’s takeover of NDTV, the channel’s founder Prannoy Roy has returned with his new venture deKoder – an AI-driven website and app to analyse issues in several Indian languages.

The Times of India

Gautam Adani’s rollercoaster ride: From Hindenburg’s hit to historic comeback

In late January 2023, Hindenburg Research, a US-based short-selling firm, caused a stir in the financial world with its report targeting Gautam Adani, who was then Asia's wealthiest individual. The report accused Adani Group, the apples to airport conglomerate, of "brazen stock manipulation and accounting fraud scheme over the course…

The Hindu

Chess prodigy Praggnanandhaa receives backing from Adani Group

Adani Group backs 18-year-old Grandmaster R. Praggnanandhaa for Candidates chess tournament in Toronto, aiming to win laurels for India.

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