Gautam Adani speaks on US bribery indictment
Gautam Adani speaks on US bribery indictment

Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. The indictment is the second major...

Adani Group says it lost nearly $55 billion since US graft charges
Adani Group says it lost nearly $55 billion since US graft charges

The Adani Group announced on Wednesday that it had incurred a massive loss of nearly $55 billion since U.S. corruption charges were filed against top officials, which the company denies, reads a the Hindu report. Indias Adani Group conglomerate said Wednesday it had suffered a staggering loss of...

Adani shares plunge again in India following founder’s U.S. bribery charges
Adani shares plunge again in India following founder’s U.S. bribery charges

Shares in Indian billionaire Gautam Adanis conglomerate plummeted again on Friday following U.S. charges that the tycoon paid over $250 million in bribes to secure lucrative government contracts, shaking investor confidence, reports AFP. A bombshell indictment filed in New York on Wednesday...

Adani charged in US over massive bribery scheme
Adani charged in US over massive bribery scheme

Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday. With a business empire spanning coal, airports, cement and media, the chairman of Adani Group has been...

Power plants closed due to energy crisis
Power plants closed due to energy crisis

The production of electricity in major six power plants in the country has been partly or completely stopped because of energy crisis and outstanding bills. The decrease in electricity generation leaves the country over 700-1600 megawatt (mw) load-shedding for last three days. The power...