Charges against Adanis this time are much graver, especially as these come not from any ‘interested’ market operator but a sovereign govt. Any quick damage control is unlikely.
In 2016, CBI filed a case against MoD officials over a deal for 3 aircraft from Embraer and, in 2018, against NHAI officials & engg firm CDM Smith over alleged bribery charges.
Indictment says Adani Group made 'false & misleading' statements to media & Indian stock exchanges. SEBI’s regulations have several provisions regarding such potential breaches.
In the wake of the indictment, Kenya has cancelled 2 ongoing projects with Adani Group, which has presence in several countries, including Sri Lanka, Vietnam, China & Australia.
In Episode 1557 of #CutTheClutter, Editor-in-Chief Shekhar Gupta & Deputy Editor (Economy) Sharad Raghavan discuss the US laws that made indictment possible & charges against Adani & others.
Oppn to Carmichael coal mine in Australia & Gondulpara mine in Jharkhand to Hindenburg accusing it of 'brazen stock manipulation', US indictment is latest challenge for Adani Group.
Under the proposedb airport deal, Adani Group was to add a second runway and upgrade the passenger terminal at the Jomo Kenyatta International Airport, with a 30-year lease in exchange.
Criminal charges unsealed by US Attorney’s Office for Eastern District of New York accuse Adani Group & Azure Group of offering Rs 2,029 cr in bribes to Indian govt officials.
It is alleged that the billionaire businessman, nephew Sagar Adani & others promised bribes worth as much as Rs 2,029 cr to Indian govt officials to ensure business came to Adani companies.
While the language war in other states is targeting those who can't speak the local language, in Bengal, even those whose mother tongue is Bengali have to constantly prove their Bengali-ness.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
We can’t let adani loose . it’s doesn’t matter how much corrupt he is. What matters for india is overseas strategic interest which adani was bring. We can’t let him down due to america. We need to find a possible way for him to access capital otherwise Chinese companies are already capturing ports, airports, power plant in Africa, Latin America and global South
Market valuation is as flawed an indicator of health of a company as democracy is of a nation. Both can be manipulated by powerful individuals with deep pockets. And this becomes more worrisome when the individuals driving the market are also in charge of running the country. Adani is going to pump all the spare cash in hand the pump up it share prices back to their original prices and the market will “win” again.
We can’t let adani loose . it’s doesn’t matter how much corrupt he is. What matters for india is overseas strategic interest which adani was bring. We can’t let him down due to america. We need to find a possible way for him to access capital otherwise Chinese companies are already capturing ports, airports, power plant in Africa, Latin America and global South
The so called whistleblowers in this case are from Azure Power. No one from within the Adani group have been identified as whistleblowers.
Having lost out to Adani in the market, is this a case of loser throwing mud at Adani and extracting a sweet revenge?
Market valuation is as flawed an indicator of health of a company as democracy is of a nation. Both can be manipulated by powerful individuals with deep pockets. And this becomes more worrisome when the individuals driving the market are also in charge of running the country. Adani is going to pump all the spare cash in hand the pump up it share prices back to their original prices and the market will “win” again.