Other Adani stocks like ACC, Ambuja Cement, Adani Total Gas and its recent media acquisition NDTV, however, closed in green, showing some resistance to the volatility.
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.
US complaint alleges Adani met Andhra CM in 2021 & offered bribes to state officials to buy power from SECI. Naidu had criticised SECI deal in July white paper without mentioning Adani.
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.
Adani Green Energy, at the centre of the SEC indictment, suffers a fall of 18.95 percent, while Adani Enterprises, the group's flagship firm, sees its market cap fall by 73,502 crore.
The kinds of revisions we’re seeing remove the very skills that make historical thinking meaningful. The result is a citizen who either dismisses history entirely or defends it without support.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
COMMENTS