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The Latest Breaking News from Adani Group

SEBI accuses Pranav Adani, relatives of insider trading in Adani Group’s open offer for NDTV: Report

The Securities and Exchange Board of India has alleged that Pranav Adani, the nephew of billionaire Gautam Adani and a senior executive on the boards of multiple Adani Group companies, had “shared price sensitive information about Adani Group’s open offer to acquire shares of NDTV with his brothers-in-law, violating insider…

Newslaundry

Threats, fear and hope as Mumbai slum dwellers await the bulldozers

Many of Dharavi’s 1m residents fear community hub will become playground for rich under Adani Group’s redevelopment plan

The Guardian - UK

India’s finance ministry ‘pushed’ for LIC investments in Adani Group: WaPo report

Officials of India’s finance ministry fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the Life Insurance Corporation of India, a state-owned insurance and investment company, to an Adani group firm despite being aware of the risks, The Washington Post has reported.

Newslaundry

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India's prime minister opens a new Mumbai airport built by Adani Group for $2.2 billion

India's Prime Minister Narendra Modi has inaugurated a new international airport in Mumbai

The Independent UK

Indian regulators dismiss stock manipulation allegations on Adani Group

Despite the dismissal, Gautam Adani still faces allegations of bribery, fraud in US courts.

Al Jazeera

US SEC says Modi govt has not delivered bribery case summons to Adani Group

The United States Securities and Exchange Commission (US SEC) has been unable to serve summons to Gautam Adani, his nephew Sagar Adani, and the Adani Group in India. The US SEC, in a filing on Monday, August 11, told a New York Eastern District court that they asked India’s Ministry…

Newslaundry

SC dismisses application in Hindenburg-Adani group matter

The Registrar had declined to accept his miscellaneous application saying that the application did not disclose any reasonable cause. Read further on Dynamite News:

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Muckraking financial firm Hindenburg Research to disband, founder says

Renowned short-seller Nate Anderson says his work has been ‘intense, and at times, all-encompassing’.

Al Jazeera

Hindenburg Research, Which Shook Empires Like Nikola and Adani, Announces Shutdown

Founder Nathan Anderson said Hindenburg's intense work had taken a toll on his personal life, and while there were no specific reasons for the closure, the plan had always been to shut down the firm after completing their current projects.

International Business Times

How George Soros became ‘Enemy Number 1’ for India’s Modi

The BJP has accused the billionaire of funding initiatives critical of Modi, aimed at destabilising India.

Al Jazeera

Bombay HC dismisses plea against Adani group's Dharavi redevelopment tender

The Bombay High Court on Friday dismissed a plea challenging the tender awarded to the Adani Group for the Dharavi Redevelopment Project. Read further on Dynamite News:

Dynamite News

LoP Rahul Gandhi with Oppn MPs stage protest at Parliament over Adani issue

Taking to social media platform Facebook, Rahul Gandhi wrote, "Modi ji Sansad me aao, Adani par jaanch se mat ghabrao (Modi ji come to Parliament, don't be afraid of investigation)." Read further on Dynamite News:

Dynamite News

Oppn holds protest at Parliament over Adani; Rahul, Priyanka Gandhi join in

Opposition MPs wore jackets mentioned: "Modi Adani Ek Hai, Adani safe hai", symbolising their protest over the Adani issue. Read further on Dynamite News:

Dynamite News

Glittering Dreams: India's Big Push For Solar Power

Vast lines of solar panels reflect the blazing sun in India's western deserts, a dazzling ocean broken only by bristling wind turbines.

International Business Times

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International Business Times

Adani Group Says It Lost Nearly $55 Bn As US Charges Sparked Rout

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.

The Independent UK

Everything we know about US indictment of Indian billionaire Gautam Adani

Modi ally accused of bribing Indian officials to get lucrative renewable energy contracts

The Independent UK

India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges

The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.S. prosecutors for bribery and fraud

Newslaundry

The Indian solar deals embroiled in US indictment against Adani group

The indictment by United States prosecutors against Adani Group chairperson Gautam Adani and seven other executives, including of the firm Azure Power, does not name any officials to whom the defendants allegedly paid bribes totalling Rs 2,029 crore.

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Newslaundry

‘India should be more interested than US’: Editorials on Adani charges

Adani Group’s chairman Gautam Adani and its seven other executives’ indictment in the US for a $265 million bribery scheme involving government solar energy contracts has triggered a fresh wave of controversy.

Al Jazeera

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

It’s the latest in a recent series of fraud allegations trailing the embattled billionaire’s Adani Group.

Latin Times

India's Adani Says US Charges 'Baseless', Opposition Demand Arrest

The stiff denial came after shares in the industrialist's conglomerate nosedived more than 23 percent in Mumbai, the morning after a bombshell indictment in New York accused him of deliberately misleading international investors.

The Independent UK

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case

Adani’s businesses lost over $150bn in market value last year after Hindenburg Research accused his group of improper use of offshore tax havens

Newslaundry

Why the US has accused Adani of hiding its alleged bribes in India from American investors

When Gautam Adani announced a $10 billion investment in the United States after Donald Trump won the presidential polls earlier this month, there was a far more pressing matter in America that he was ignoring.

Fortune

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

The Independent UK

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments

Asia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight

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