A US federal court has dismissed with prejudice criminal charges against Adani Group Chairman Gautam Adani and his nephew Sagar Adani, bringing an end to the criminal proceedings against the two before trial and providing major legal relief to the ports-to-energy conglomerate. US District Judge Nicholas Garaufis of the Eastern District of New York approved … Read more
Adani Group and Jabil Inc. on Monday announced plans to form a strategic alliance to establish a vertically integrated AI and data centre infrastructure manufacturing platform in India, targeting large-scale production of AI-ready hardware for domestic and global markets. The proposed alliance will combine Jabil’s engineering and advanced manufacturing capabilities with Adani Group’s infrastructure, green … Read more
WASHINGTON: The U.S. Securities and Exchange Commission on Thursday settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed.The Justice Department is close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with … Read more
The airport operator has countered charges from telcos and said as the airport was a sensitive zone, frequent servicing, maintenance and upkeep of the infrastructure was best managed by it, and, therefore, it had opted for In Building Solution (IBS) infrastructure. File photo: Special arrangement Telecom companies are sparring with the Adani Group and have … Read more
The Securities and Exchange Board of India (Sebi) has dismissed insider-trading allegations against Pranav Adani and six others, closing a long-running investigation into trades executed ahead of Adani Green Energy Ltd’s (AGEL) announcement of its $3.5 billion acquisition of SB Energy in May 2021. In two separate orders, released on Friday, the regulator concluded that … Read more
A stellar market debut of Bajaj Housing Finance Ltd (BHFL) on Monday helped the Bajaj Group reduce its market capitalisation (mcap) gap with the Adani group. BHFL’s mcap stood at Rs 1.37 trillion on Monday, more than double its initial public offering price-based valuation of around Rs 58,300 crore. This added more than 10 per … Read more
Prominent business families including the Ambani, Bajaj, Birla & Jindal families were part of the top ten 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses released on Thursday. However, Gautam Adani’s conglomerate was not part of the list. The Mukesh Ambani-led Ambani Family, with a value of Rs 25,75,100 crore topped the list … Read more
Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday. When Adani retires, his four heirs – sons Karan and Jeet, and their cousins Pranav and Sagar … Read more
With Narendra Modi-led National Democratic Alliance voted to power for the third consecutive term, the Adani Group is well-positioned to continue the economic and social programs that have driven “spectacular” journey over the last decade, Gautam Adani said at Adani Enterprises’ Annual General Meeting on Monday. “India is no longer at the crossroads of destiny … Read more