




News agency Reuters quoted the head of SECI, RP Rupta, who said on November 21 there is no basis for the company to investigate the matter.
While the Adani Group has issued a statement over the US bribery charges, assuring all legal recourse will be sought, legal experts say there is a reputational risk that the companies may have to face, which may impede financing.
The defendants have been charged for "their roles in a multi-billion-dollar scheme to obtain funds from US investors and global financial institutions on the basis of false and misleading statements."
'Our main focus when assessing Adani Group is on the ability of the group’s companies to access capital to meet their liquidity requirements and on its governance practices,' says the rating agency.
On November 19, PSP Projects announced that Adani Infrastructure would acquire a 30.07 percent stake from one of its founders for Rs 685 crore.
Former CDPQ employees named in the indictment along with Indian billionaire Gautam Adani include Cyril Cabanes, Saurabh Agarwal and Deepak Malhotra.
Billionaire Adani has been charged for allegedly participating in a scheme that involved promising to pay more than $250 million in bribes to Indian government officials to secure solar energy contracts.
The increase in US yields since Trump’s election victory may result in higher all-in borrowing costs for Adani than if it had proceeded with its October offering.
Adani Green's units Adani Hybrid Energy Jaisalmer and Adani Solar Energy Jaisalmer are the co-issuers of the debt note. The group aims to use the proceeds of the bond issue note to repay foreign currency loans of the subsidiaries.
Sharad Pawar said that an NCP-BJP government would have taken shape had there been any truth to the claims by his nephew Ajit Pawar.
Gautam Adani said the group is looking at 'leveraging its global expertise' in projects in America that will ensure energy security and resilient infrastructure.
The conglomerate will challenge industry majors like Anil Agarwal-led Vedanta, Aditya Birla Group’s Hindalco Industries and Tata Group and more.
Bhutan has been a strategic and long-time ally for India, which is keen to curb China’s influence in its neighborhood
Units of the group’s clean-energy business, Adani Green Energy Ltd. are marketing a green 20-year note in the US currency on Tuesday, as that business ramps up spending to boost capacity.
ANIL is being seen as a key entity for Adani Group's plans in the green hydrogen production.
With an order visibility of 1.5-2 GW, Adani ConneX could see its market share rise significantly. Achieving a 1 GW capacity could potentially elevate its share to around 25 percent.
Adani Enterprises Ltd. is likely to start processing the first copper concentrates or ore at its plant in the western Indian state of Gujarat in November and will build up slowly from there, according to people familiar with the matter.
Despite ongoing investigations by the Securities and Exchange Board of India, the Supreme Court's decision in January to dismiss a separate probe into the allegations has alleviated some concerns surrounding the group.
The Adani group is executing the Dharavi redevelopment project through a special purpose vehicle in which it has a 80 percent stake
The move aims to diversify its lender base, cut dependency on bank loans, and boost links with retail investors