All posts tagged: Gautam Adani

Gautam Adani denies knowledge of any DOJ quid pro quo offer linked to dismissal of charges against him

Gautam Adani denies knowledge of any DOJ quid pro quo offer linked to dismissal of charges against him

On Wednesday, Indian billionaire Gautam Adani submitted a sworn affidavit affirming that he was not aware of any quid pro quo offer with the US Department of Justice that may have led to the recent dismissal of the indictment against him and his associates on bribery and fraud charges. Adani acknowledged that he had publicly posted on X in November 2024 about the Adani Group’s plans to invest $10 billion and create 15,000 jobs in the United States (REUTERS) Adani’s statement comes amid a tussle between a US District Court and the Justice Department regarding the reasons behind the latter’s refusal to pursue legal action against the Adani group. In his affidavit, Adani acknowledged that he had publicly posted on X in November 2024 about the Adani Group’s plans to invest $10 billion and create 15,000 jobs in the United States. Also Read | Was there quid pro quo for case dismissal: US judge seeks reply from Adani by Jul 15 “When I made this post, the Indictment and SEC Complaint had not yet been …

Adani Group draws Rs 40,000 crore in institutional investments

Adani Group draws Rs 40,000 crore in institutional investments

Global institutions and India’s largest mutual funds have backed multiple Adani Group companies, marking a sharp turnaround in investor sentiment.  Adani Group has emerged as one of the biggest draws for institutional investors over the past year, attracting around Rs 40,000 crore of fresh equity into its flagship company alone while also seeing marquee global and domestic investors increase their exposure across several listed entities. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Rahul Gandhi alleges PM Modi signed US trade deal to secure relief for Gautam Adani

Rahul Gandhi alleges PM Modi signed US trade deal to secure relief for Gautam Adani

Congress leader Rahul Gandhi on Friday accused Prime Minister Narendra Modi of entering into a trade agreement with the United States to allegedly secure relief for businessman Gautam Adani in an ongoing legal case in the US. In a post shared on social media platform X, Gandhi claimed that the Prime Minister had not signed a trade deal in India’s national interest but had instead negotiated what he described as a bargain linked to Adani’s “release.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Rahul Gandhi links Adani relief in US report to India FTA, targets PM Modi: ‘Not trade deal, but a bargain’

Rahul Gandhi links Adani relief in US report to India FTA, targets PM Modi: ‘Not trade deal, but a bargain’

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Friday sharpened his attack on Prime Minister Narendra Modi after reports suggested that US authorities were planning to drop fraud charges against billionaire industrialist Gautam Adani. Rahul Gandhi claims India-US trade understanding linked to relief for Adani (File photo) A Bloomberg report based on people familiar with the matter, reported that the US Justice Department and the Securities and Exchange Commission (SEC) could move to resolve charges linked to Adani as early as this week, around 18 months after the allegations first surfaced in 2024. The development prompted Gandhi to allege that the Prime Minister had compromised India’s interests while negotiating the interim India-US trade framework. Invoking his earlier “compromised PM” jibe, Gandhi wrote on X, “The compromised PM did not strike a trade deal, but a bargain for Adani’s release.” US-India deal ‘hopelessly one-sided’ Congress leader Jairam Ramesh also took a jibe on the Prime Minister, alleging that the India-US trade arrangement was “hopelessly one-sided”. “It is now clear why the PM agreed to …

US planning to drop charges against Gautam Adani over ‘willingness’ to invest, create jobs: Report

US planning to drop charges against Gautam Adani over ‘willingness’ to invest, create jobs: Report

US authorities plan to drop fraud charges against Indian billionaire Gautam Adani which were first unveiled in 2024, according to a Bloomberg report citing persons familiar with the matter. The legal charges against the Adani group represented a serious challenge to the firm’s ability to conduct business in the United States. (Adani Group) In a significant breakthrough for the Adani Group, the US Justice Department and the Securities and Exchange Commission (SEC) could resolve charges related to Gautam Adani as soon as this week, roughly 18 months after they accused the Indian magnate of involvement in a bribery and fraud scheme. Adani’s hiring of Robert Giuffra, one of US President Donald Trump’s personal lawyers, and an offer to invest $10 billion in the US economy played a key role in the US government’s decision, a report in the New York Times added. In 2024, the US Attorney’s office in New York’s Brooklyn released a criminal indictment which alleged that Gautam Adani, his nephew Sagar Adani and other executives were involved in a scheme to bribe …

Adani Group To Invest Rs 1 Lakh Crore In Northeast Over 10 Years

Adani Group To Invest Rs 1 Lakh Crore In Northeast Over 10 Years

New Delhi: The Adani Group has announced a significant additional investment of Rs 50,000 crore – taking the total to Rs 1 Lakh crore – across the Northeast over the next 10 years, spanning across many sectors including green energy, roads and highways, and digital infrastructure. The announcement was made by Gautam Adani, the Chairman of the Adani Group at the ‘Rising Northeast Summit’ on Friday. “Over the past decade, in the hills and valleys of the Northeast, a new chapter in India’s growth story is unfolding. A story rooted in diversity, resilience, and untapped potential. This region is now a source of our cultural pride, economic promise, and strategic direction. I announce that Adani Group will invest an additional 50,000 crore across the Northeast over the next 10 years,” Mr Adani said. He added, “Our focus will span green energy – including smart-meters, hydro, pumped storage, power transmission, roads and highways, digital infrastructure, logistics, as well as capacity-building through skilling and vocational training centres. But more than infrastructure, we will invest in people. Every …

Adani Group To Invest Rs 1 Lakh Crore In Northeast Over 10 Years

Adani Group To Invest Additional Rs 50,000 Crore In Northeast Over 10 Years

New Delhi: The Adani Group has announced a significant additional investment of Rs 50,000 crore across the Northeast over the next 10 years, spanning across many sectors including green energy, roads and highways, and digital infrastructure. The announcement was made by Gautam Adani, the Chairman of the Adani Group at the ‘Rising Northeast Summit’ on Friday. “Over the past decade, in the hills and valleys of the Northeast, a new chapter in India’s growth story is unfolding. A story rooted in diversity, resilience, and untapped potential. This region is now a source of our cultural pride, economic promise, and strategic direction. I announce that Adani Group will invest an additional 50,000 crore across the Northeast over the next 10 years,” Mr Adani said. He added, “Our focus will span green energy – including smart-meters, hydro, pumped storage, power transmission, roads and highways, digital infrastructure, logistics, as well as capacity-building through skilling and vocational training centres. But more than infrastructure, we will invest in people. Every initiative will prioritise local jobs, local entrepreneurship, and community engagement.” …

Street vendor goes viral for his uncanny resemblance to billionaire Gautam Adani | Trending

Street vendor goes viral for his uncanny resemblance to billionaire Gautam Adani | Trending

A video showcasing a chaat vendor reportedly near Mumbai’s Andheri railway station has taken social media by storm due to the man’s uncanny resemblance to Indian billionaire industrialist Gautam Adani. The clip, widely shared on the microblogging platform X, features the vendor standing at the stall while a person holds a phone displaying Adani’s image, drawing parallels to his appearance. The man was reportedly spotted in Mumbai.(X/@MostlyMomentum_) The video’s caption humorously noted, “Gautam Adani’s brother sells chaat near Andheri railway station, while Gautam is a billionaire. Yet, he gets no help from his brother. Sad.” This tongue-in-cheek remark further fuelled the curiosity, leading to a plethora of reactions from the internet. Take a look at the video: Many users flooded the comments section with laughing emojis, amused by the striking resemblance and the caption’s playful tone. However, some viewers sought to verify the claim’s authenticity. Turning to Grok, an AI-powered fact-checking tool, they discovered that the vendor is not related to Gautam Adani, debunking the video’s insinuation. Gautam Adani is the founder and chairman of …

Gautam Adani’s “Grateful” Post After Women Envoys Visit Adani Renewable Energy Park

Gautam Adani’s “Grateful” Post After Women Envoys Visit Adani Renewable Energy Park

Ahmedabad: Adani Group chairman Gautam Adani has expressed his gratitude after hosting nine women ambassadors and high commissioners to India at the Khavda Adani Renewable Energy Park and Mundra’s Special Economic Zone (SEZ). Taking to social media on International Women’s Day, Mr Adani said that the diplomats appreciated the local women’s contributions in these large-scale projects. He described their advice as “truly uplifting” and reaffirmed the importance of breaking barriers to shape a better future. Our family was honoured to host nine inspiring women ambassadors and high commissioners to India. I am grateful for their visit to Khavda’s Adani Renewable Energy Park & Mundra’s SEZ. Their praise and advice for the local women driving these projects were truly uplifting. On… pic.twitter.com/lWcOpaGMVc — Gautam Adani (@gautam_adani) March 8, 2025 In a social media post, Mr Adani said, “Our family was honoured to host nine inspiring women ambassadors and high commissioners to India. I am grateful for their visit to Khavda’s Adani Renewable Energy Park & Mundra’s SEZ. Their praise and advice for the local women driving …

Days after PM Modi’s visit, US agency seeks India’s help in Gautam Adani fraud probe | Latest News India

Days after PM Modi’s visit, US agency seeks India’s help in Gautam Adani fraud probe | Latest News India

The US Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its probe into Adani Group founder Gautam Adani and his nephew, Sagar Adani, over alleged securities fraud and a $265-million ( ₹2,200 crore approx.) bribery scheme, news agency Reuters reported, a court filing on Tuesday. Adani Group founder Gautam Adani has called the accusations “baseless”. (Reuters/File) The regulator informed a New York district court that it was working to serve its complaint to the Adanis and has approached India’s law ministry for assistance in the process, the report added. “The SEC has requested assistance … under the Hague service convention,” it said in the court filing. Adani Group or the law ministry has not immediately issued any statement on the latest development. The development comes a few days after Prime Minister Narendra Modi said he did not discuss the Adani case with US President Donald Trump during his visit to Washington. To a question on whether the issue relating to Adani figured in the talks, Modi at a joint media briefing …