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US probing Adani Group over potential bribery, company denies foul

The investigation, led by the US Attorney's Office for the Eastern District of New York and the Justice Department's fraud unit in Washington, is probing whether an Adani entity is linked to the company was involved in paying officials in India for favourable treatment on an energy project.

1 min read16 Mar 2024
Companies

'Hindenburg report tried to shake our foundation but...': Gautam Adani recalls rout prompted by US short seller

Despite challenges and allegations, Gautam Adani emphasized the importance of resilience and embracing complexity in his entrepreneurial journey, leading to significant growth in the group's market cap.

2 min read13 Mar 2024
Companies

Sun Pharma Advanced Research Com Q3 FY24 results: loss at ₹99.65Cr, Revenue decreased by 89.43% YoY

Sun Pharma Advanced Research Com Q3 FY24 results: Revenue decreased by 89.43% YoY & loss at ₹99.65Cr

1 min read7 Feb 2024
Videos

Maldives' Main Opposition Parties Unite Against Muizzu's Anti India Stand, Say 'Very Detrimental'

Maldives President Mohamed Muizzu is facing tremendous flak from his political opponents over ratcheting up tensions with India. The 2 main opposition parties in Maldives hitting out, say that these moves are 'extremely detrimental' for Maldives. Watch

25 Jan 2024
Companies

Sun Pharma to buy remaining stake in Taro Pharma for $347.8 million. Details here

Sun Pharmaceutical Industries plans to acquire all outstanding shares of Taro Pharmaceutical Industries for $43 per share in cash, aiming to gain complete control over its subsidiary

1 min read18 Jan 2024
Videos

Fresh Plea In Supreme Court; Panel Probing Adani-Hindenburg Row Accused Of ‘Conflict Of Interest’

A fresh plea has been filed in the Supreme Court that questions the integrity of the existing expert committee members. Appointed by the SC to look into accusations of stock manipulation, the committee is chaired by Justice (Retd.) Abhay Manohar Sapre, O P Bhatt, Justice J P Devadhar, KV Kamath, Nandan Nilekani, and Somashekhar Sundaresan.

19 Sep 2023
Videos

Adani promoters raised ₹39.4K cr amid scrutiny | Mint Primer | Mint

After a critical report by Hindenburg Research, Adani group promoters have raised ₹39,400 crore by diluting stakes in their companies. This move has generated liquidity that could be used for growth spending or to repay debts. GQG Partners, led by respected investor Rajiv Jain, has invested heavily in Adani group companies, providing a vote of confidence. The group's strategic moves could include investments in the renewables sector. Despite the setback caused by the report, the group's companies have seen a recovery in their stock prices. An investigation cleared the group of wrongdoing, potentially attracting more foreign investors in the future.

1 Sep 2023
Videos

India can have a $40-100 billion space industry by 2040 | Mint Primer | Mint

India could achieve a $40-$100 billion space industry by 2040, driven by increased budget, private sector involvement, and satellite internet growth, Arthur D. Little's report states. The nation's space market currently values at $8 billion with 2% global share. ISRO's recent Chandrayaan-3 launch, global space market projected at $1 trillion by 2040, and space tourism potential contribute. To attain this potential, regulatory clarity, foreign investments, incentives, startups support, partnerships, R&D centers, and skill development are key recommendations.

14 Aug 2023
Videos

How ISRO’s partnership with NASA will boost India’s space industry | Mint Primer| Mint

Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.

7 Jul 2023
Videos

Adani Group: ‘Not Aware Of Subpeona To Investors...’; Stocks Tank | Details

The Adani Group on Friday said that it was not aware of of any subpoena being issued to investors by authorities in the United States. It said that its various issuers' groups remain confident that the disclosures issued by the company are full and complete. All 10 Adani Group stocks dropped in early Mumbai trading on Friday, with flagship Adani Enterprises shares falling 6.88% to ₹2,231.

23 Jun 2023
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