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The Latest Breaking News from Gautam Adani

Adani legal relief could be a turning point for India's biggest infrastructure bet: Deven Choksey

A potential dropping of US fraud charges against Gautam Adani could signal the end of an eighteen-month defensive period for the Adani Group. This development is expected to reopen doors to global capital, enable debt repricing, and allow the conglomerate to prioritize growth over legal concerns, according to market observers.

The Economic Times

Who Is Gautam Adani, India's Richest Man? Billionaire Accused in $265 Million Bribery Case Now Nearing DOJ Deal

Indian billionaire Gautam Adani may soon see US fraud and bribery charges dropped, as federal authorities consider dismissing the case. The Adani Group denies wrongdoing, citing jurisdictional issues.

International Business Times UK

NDTV covers the Adani case, but without key detail of an ‘unusual offer’

What does a newsroom do when the biggest news of the day is about the person who owns it?

Newslaundry

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Rahul Gandhi calls Narendra Modi 'compromised' PM who bargained for Adani in US & not trade deal

Rahul Gandhi criticised Prime Minister Narendra Modi, alleging he prioritised Gautam Adani's release from US fraud charges over India-US trade deal. This follows reports that the US Justice Department is nearing the dropping of criminal fraud charges against Adani, who pledged a $10 billion US investment.

The Economic Times

Adani Enterprises, other Adani Group stocks jump up to 3%. Here’s why

Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million is also proposed. This development could lead to the dropping of criminal charges. The Adani Group is reportedly considering substantial US investments.…

The Economic Times

US agrees to settle lawsuit that accused an Indian billionaire of hiding an alleged bribery scheme

The U.S. government has agreed to settle a lawsuit against Indian billionaire Gautam Adani

The Independent UK

US set to drop criminal fraud case against Gautam Adani, sources say, as deal reached in civil case

The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani over an alleged bribery scheme tied to an Indian solar project. Separately, the SEC has settled a related civil fraud case against Adani and his nephew, subject to court approval, with both agreeing to pay civil…

The Economic Times

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Adani settles SEC case, criminal charges set to be dropped — a 17-month legal battle winds down

Gautam Adani and his nephew Sagar will pay $18 million to settle US Securities and Exchange Commission charges. The Adani Group faces allegations of false statements regarding Adani Green Energy Ltd. This settlement could pave the way for the conglomerate's return to international markets. The Justice Department is also moving…

The Economic Times

US reportedly dropped fraud charges against Indian billionaire after he hired Trump’s lawyer

Gautam Adani, richest man in Asia, was accused of conspiring to pay $250m in bribes to Indian government officials

The Guardian - US

US authorities moving to end fraud cases against Gautam Adani

US authorities are nearing a resolution for fraud charges against Indian billionaire Gautam Adani. The Justice Department may drop its case soon. The Securities and Exchange Commission is also working to settle its parallel civil fraud case. This development would significantly benefit the Adani Group, clearing the path for international…

The Economic Times

Adani Enterprises shares jump 5% after nearly 60 lakh shares worth Rs 1,435 crore change hands in block deal

Adani Enterprises shares surged over 5% following a substantial block deal worth Rs 1,435 crore. Despite a Q4 net loss, revenue climbed 20%, driven by infrastructure and utility segments contributing 80% of EBITDA. The company highlighted a stable, infrastructure-led business model poised for sustained cash generation and value creation.

The Economic Times

Uber's India data centre bet; Cyber cover meets AI risk

Uber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.

The Economic Times

Uber teams up with Adani for first data center in India

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company.

The Economic Times

Son of Asian billionaire offers to save Pablo Escobar’s ‘cocaine hippos’ from culling

As many as 80 of these hippos have been approved for culling by Colombia

The Independent UK

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Newslaundry

Why the Adani Group is facing scrutiny over new allegations of secret investments

The Adani Group is making international headlines again.

The Independent UK

Inside the world’s largest renewable energy park – proof the green transition isn’t dead

ON THE GROUND: Stuti Mishra reports from a site in western India that’s roughly seven times larger than the city of Paris and combines solar and wind power to produce energy around the clock. Nothing on this scale exists anywhere else in the world

Newslaundry

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…

AAP

Activist claims win in 'biggest' anti-protest lawsuit

A coal mining giant's epic legal pursuit of climate activist Ben Pennings is over after a $600 million lawsuit over an environmental protest was dropped.

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The Guardian - UK

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

Newslaundry

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.

Benzinga

Billionaire Gautam Adani Calls It A 'Monumental Day' As Google Partners With AdaniConneX And Airtel To Set Up $15 Billion AI Hub In India

On Tuesday, Sundar Pichai-led Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google announced plans to invest $15 billion over the next five years to build a massive artificial intelligence data center in India. This deal marks the tech giant's largest investment in the country to date.

International Business Times

In India's Mumbai, The Largest Slum In Asia Is For Sale

Stencilled just above the stairs, the red mark in Mumbai's Dharavi slum is tantamount to an eviction notice for residents like Bipinkumar Padaya.

Al Jazeera

Indian regulators dismiss stock manipulation allegations on Adani Group

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

Newslaundry

Adani lawyer claims journalists funded ‘by China’, court quashes gag order

A Delhi court on Thursday set aside a lower court’s September 6 order that had restrained journalists and publishers from publishing articles deemed defamatory to Adani Enterprises Ltd (AEL), led by Gautam Adani.

Newslaundry

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…

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