Tag Archives: Gautam Adani

Billionaire Gautam Adani’s group has issued a clarification on reports of the cancellation of a deal worth more than $2.5 billion by Kenya following a US indictment on bribery charges. Adani Group said it had not signed any binding agreement to operate Kenya’s main airport. Regarding the agreement signed last …

Adani Group’s Rs 12,500 crore bid to acquire KSK Mahanadi Power has prompted other bidders to revise their offers and the final figure could be much higher, sources said on Friday. Full recovery of non-performing assets (NPAs) is expected after the committee of creditors (CoC) of KSK Mahanadi Power initiates …

Adani Group, led by veteran industrialist Gautam Adani, is going to buy Orient Cement. The group on Tuesday announced the acquisition of CK Birla Group’s cement company Orient Cement at a valuation of Rs 8,100 crore as part of its expansion plan. Adani Cement’s cement and construction material company Ambuja …

Adani Group has denied a report by Hindenburg Research that Swiss authorities have frozen more than $310 million in several Swiss bank accounts as part of a money laundering and securities fraud investigation against Adani that began in early 2021. Adani Group has categorically denied this and said that there …

Veteran industrialist Gautam Adani’s Adani Group has registered a 33 percent jump in pre-tax profit in the first quarter (April-June) of the current financial year (2024-25). The reason for this excellent result is the strong performance of the core infrastructure business as well as emerging businesses from solar and wind …

Adani Group has responded to the latest allegations made by Hindenburg. Adani Group has called this latest report of Hindenburg misleading. Adani Group has put forth its point on these allegations made by Hindenburg. The company has said in its official statement, “These allegations made by Hindenburg are a malicious, …

Gautam Adani’s Adani Group is once again back on the path of aggressive expansion of business. Adani Group, one of the largest business groups in the country, is expanding its business rapidly. The group is now just two steps away from making another big deal in the power sector. Adani …