Adani Group

Indian conglomerate Adani Group has secured an $800 million loan from overseas lenders to fund its expansion into data centers. This funding was reported by people familiar with the matter.

Kenya's deal with India’s Adani Group to modernize Jomo Kenyatta International Airport collapsed, leading to a US$1.2 billion contract awarded to China Road and Bridge Corporation (CRBC). Similarly, France’s Vinci lost a highway deal in Kenya, which CRBC later took over alongside another Chinese firm.

Indian conglomerate Adani reported a $340.6m loss from its Queensland Carmichael coalmine operations despite generating $963.5m in revenue, allowing it to avoid company tax. The loss was attributed to high production and logistics costs, offsetting the revenue and erasing its tax bill.

The Indian government is considering easing airport-airline ownership rules to potentially benefit Adani's airline plans. The proposal aims to address conflict-of-interest concerns and gauge airline reactions to the policy shift.

IndiGo and Air India oppose Adani's entry into the airline industry, arguing it creates a conflict of interest and reduces competition, leading to fewer jobs. An Air India official cited concerns about consolidation across the value chain harming the market.

Gautam Adani denied any deal linked to the dismissal of a U.S. criminal case in a sworn affidavit. He stated the Adani Group's $10 billion U.S. investment plan was publicly announced on November 13, 2024, prior to the indictment being unsealed.

Satheesan asks Pinarayi to clarify whether Adani Group took steps to sell stake in Vizhinjam port during LDF rule. The Chief Minister asserts the current UDF government will prioritize state interests in Vizhinjam decisions.

The Department of Justice (DOJ) defended its decision to drop criminal charges against Gautam Adani, chairman of Adani Group. The article references an interview with Adani at his company's headquarters in Ahmedabad, India.

The Kerala government and Adani Group are working to resolve differences over the sale of Vizhinjam port stake. APSEZ CEO emphasizes the need for government support to advance the port's development, while Kerala explores imposing conditions to safeguard state interests.

Madhya Pradesh CM and Scindia laid the foundation stone for Adani Group’s defence manufacturing unit. The project, set up by Adani Defence and Aerospace, a subsidiary of the Adani Group, will cost approximately ₹2,500 crore.

The Adani-MSC port deal has raised questions about whether mortgage rights granted to AVPPL during the concession period will extend to MSC. APSEZ clarified that MSC will not hold a monopoly at the port, ensuring non-discriminatory access for all users.

Opposition Leader Pinarayi Vijayan urges Kerala government to challenge Adani-MSC Vizhinjam port stake transfer legally and politically, demanding immediate action to protect the state's interests. The Opposition accuses the government of acting as a spokesperson for Adani Group.

CPI(M) leader K K Ragesh alleges that the removal of an IAS officer from the position of Managing Director at Vizhinjam was done to benefit Adani. The claim was made in a Facebook post by Ragesh, the Kannur district secretary of CPI(M).

Adani Group secured $15 billion in capital this week as legal issues in the US appear to be resolving. The development follows recent clarity on legal challenges the company faced in the United States.

Congress MP Shashi Tharoor highlighted past security concerns over Adani's proposed stake transfer in Vizhinjam port, noting the project failed to secure bidders multiple times under UPA and NDA governments due to fears of Chinese company involvement.

India’s Adani Group and UAE’s International Holding Company (IHC) have signed a $11.5 billion aluminum project in Odisha, forming a 50/50 joint venture to create a refinery, smelter, and power plant. The project aims to generate 53,500 jobs and boost India’s aluminum production to meet domestic demand.

Abu Dhabi’s International Holding Company and India’s Adani Group agreed to invest $11.5 billion to build an aluminum complex in Odisha, India, strengthening UAE-India commercial and diplomatic ties. The deal follows a 2022 free trade agreement and a recent defense pact between the two countries.

Adani and IHC signed an MOU for an $11.5 billion India aluminum project. The content references Vedanta Ltd.'s aluminum operations in Odisha, India, owned by billionaire Anil Agarwal.

The Kerala government is examining Adani's proposal to sell a 49% stake in Vizhinjam port to MSC Group. Chief Minister V.D. Satheesan criticized Adani Group for not communicating the decision to the state government, stating approval is mandatory for such a move.

Switzerland’s MSC is acquiring a 49% stake in Adani’s Vizhinjam port in Kerala for ₹13,220 crore. The deal is described as the largest foreign private investment in India’s domestic port infrastructure.

MSC Unit is investing $1.4 billion in Adani’s Vizhinjam Port, a transshipment container port in Vizhinjam, India.

Adani has unveiled a ₹20,000-crore airport city plan across six airports. The initiative involves developing infrastructure and services at these locations.

Kenya signed an agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport, aiming to counter competition from Ethiopia and Rwanda. The project, funded with $1.2 billion from African banks, follows Adani Group's withdrawal due to its founder being indicted in the US and faces concerns over transparency and job security.

Adani Group has opened Mundra Airport for scheduled commercial flights to four cities, making it their 9th airport. The airport is set to become a fully integrated, multi-modal logistics and business hub.

Rahul Gandhi questions the surge in Adani Group's fortunes under the Modi government. The Adani Group faces allegations of fraud and stock manipulation by a U.S.-based short-selling firm.

India Inc is opening nuclear power to the private sector. Tata Power and Adani Group are among the conglomerates seeking approval to construct nuclear plants.

Adani Group's firms are rallying in the stock market to recover losses following a short-seller report by Hindenburg Research. The market movement aims to counter the negative impact sparked by the controversial allegations.

Adani Power's shares rebounded as a heatwave increased energy demand in India. A London meeting was part of a global roadshow to reassure investors following a January short seller's report that erased $153 billion in market value from Adani Group stocks.

U.S. prosecutors have dropped fraud charges against billionaire Indian businessman Gautam Adani, who is the chairman of the Adani Group. The decision was made last year. This development may have significant implications for Adani's business dealings.

Adani Enterprises Ltd. reaches a $275 million settlement with Treasury and plans to raise $2.8 billion through a rights issue to invest in capital intensive businesses like airports. The company is headquartered in Ahmedabad, India. Adani Group aims to expand its ventures.

The Adani Group plans to seek $1 billion through a dollar bond. The company is headquartered in Ahmedabad, India. This move is part of their financial strategy.

Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to settle an SEC lawsuit by paying $18 million over allegations that they misled investors. The settlement resolves fraud charges brought by the U.S. Securities and Exchange Commission against the two executives.

Gautam Adani agrees to pay $6 million to settle an SEC fraud case. Indian Prime Minister Narendra Modi inaugurated two landmark transit projects worth nearly $4 billion. The projects mark another milestone in modernizing infrastructure in India.

US prosecutors are preparing to drop bribery charges against Indian billionaire Gautam Adani following his announcement of a $10 billion investment in the US. The case, which was indicted just before Trump's return to office, involved allegations that Adani bribed Indian officials and misled American investors. The development reflects the Trump administration's reduced focus on white-collar and foreign bribery prosecutions.

Adani Group stocks rebounded after US prosecutors' charges of bribery against founder Gautam Adani led to a $27 billion loss in market value. The green energy unit led the rebound. This occurred on November 22, 2024.

The Adani Group has announced a restructuring plan as part of its strategy to position for future growth. The conglomerate's headquarters is located in Ahmedabad, India.

Adani Group's flagship company reported a quarterly loss due to rising costs. The Parsa East Kente Basan (PEKB) coal mine in Surguja district, Chhattisgarh, is highlighted in the context of the financial downturn.

Adani Group's giant copper plant has encountered technical issues during its first year of operation, causing delays and operational challenges.

Adani Group's North Mumbai infrastructure project is expected to cost $11 billion, according to an official statement. The project's scale highlights significant investment in regional development.

Adani Group's unit refinanced an offshore bond using Apollo-backed funds. US prosecutors charged Gautam Adani with a $250 million bribery scheme, impacting his business and political ties to Prime Minister Narendra Modi.