Gautam Adani News
Adani shares register first weekly gain since Sept. Experts recommend these three stocks to buy
Stocks to buy: Experts have recommended these three Adani shares to buy on Monday — Adani Ports, ACC, and Ambuja Cement
2 min read30 Nov 2024Stock market today: Trade setup for Nifty 50, Gautam Adani to global markets; 5 stocks to buy or sell Thursday— Nov 28
Stock Market Today: Short term trend for Benchmark Nifty 50 index is positive and once nifty surpasses the near-term hurdle of 50 days EMA (exponential Moving Average) placed at 24397, the next resistance comes in at 24700
4 min read28 Nov 2024Adani ‘bribery’ case: Can Adani be arrested from India? Allegations, charges and possible penalties explained
Gautam Adani was charged for allegedly conspiring to pay about $265 million in bribes to Indian government officials to obtain contracts and develop India’s largest solar power plant project on November 21. Check details of the allegations, charges, and penalties.
3 min read27 Nov 2024Adani Bribery Case: Company Says No FCPA Charges Against Gautam Adani, Nephew | Complete Details
The Adani Group on Wednesday said its chairman and billionaire Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jain have not been charged with any violations of the United States Foreign Corrupt Practices Act (FCPA) in the bribery case indictment filed by US authorities. Watch!
27 Nov 2024Adani ‘bribery’ case: Andhra Pradesh likely to suspend Adani Group’s power supply deal
The State of Andhra Pradesh is likely to suspend Adani Group’s power supply deal as the federal government and the Solar Energy Corporation of India (SECI) is set to investigate the alleged US indictment charges, reported Reuters.
1 min read26 Nov 2024Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Gautam Adani-led group?
The AP government says it is ‘digging into all the internal files’ from the previous administration. This move comes days after the US Securities and Exchange Commission (SEC) indicted Gautam Adani, Sagar Adani, and others for their involvement in the alleged ₹2,000 crore bribery case.
2 min read26 Nov 2024Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why
American investment firm GQG Partners decided not to sell shares of Adani Group companies, stating that the exposure was manageable even during stock market volatility. The firm does not feel the US securities regulator’s claims will have any material impact on the group.
2 min read25 Nov 2024Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Billionaire Gautam Adani-led conglomerate assured its investors that the cash reserves and profits are enough to service the debt obligations of the Group, reported PTI. With a cash reserve of ₹53,024 crore, they said it would be sufficient to cover the next 28 months of debt servicing needs.
3 min read25 Nov 2024Will bribery allegations against Adani intensify FPI selling spree in Indian markets?
After withdrawing ₹1.14 lakh crore from Indian markets in October, FPIs continued their selling spree in November, pulling out an additional ₹42,000 crore. This brought the total outflows to ₹1,56,000 crore in less than two months, marking the largest consecutive selling streak on record.
3 min read25 Nov 2024Adani bribery case: US SEC summons Gautam Adani, Sagar Adani
The US regulator gives Gautam Adani and Sagar Adani three weeks to respond as it kickstarts legal proceedings in the alleged ₹2,000 crore ($250 million) bribery case.
3 min read23 Nov 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared