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The Latest Breaking News from Gautam Adani

US Justice Department drops all criminal charges against Gautam Adani, closes case permanently

US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent…

The Economic Times

Adani Enterprises resolves US Treasury sanctions case with $275 mln settlement after 'proactive' disclosure, cooperation

Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange…

The Economic Times

India reacts sharply after Netherlands expresses concern over press and minority rights during Modi visit

Delhi slams ‘lack of understanding’ of South Asian country’s diversity after Dutch prime minister says rights of minorities ‘under severe pressure’

The Independent UK

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'Where is Modi?': Sanjay Raut questions PM's foreign tour

Sanjay Raut of Shiv Sena (UBT) has strongly criticized the BJP. He questioned Prime Minister Narendra Modi's foreign visits while the country faces crises. Raut also alleged that national institutions, including NEET, are under BJP's complete control. He highlighted issues with state leaders' convoys and defended the legacy of Maharashtra's…

The Economic Times

US set to drop criminal charges against Indian billionaire Gautam Adani after $18m settlement

Reversal comes after Adani hires new legal team led by Robert J Giuffra Jr, one of president Donald Trump's personal lawyers

The Independent UK

Adani legal relief could be a turning point for India's biggest infrastructure bet: Deven Choksey

A potential dropping of US fraud charges against Gautam Adani could signal the end of an eighteen-month defensive period for the Adani Group. This development is expected to reopen doors to global capital, enable debt repricing, and allow the conglomerate to prioritize growth over legal concerns, according to market observers.

The Economic Times

Who Is Gautam Adani, India's Richest Man? Billionaire Accused in $265 Million Bribery Case Now Nearing DOJ Deal

Indian billionaire Gautam Adani may soon see US fraud and bribery charges dropped, as federal authorities consider dismissing the case. The Adani Group denies wrongdoing, citing jurisdictional issues.

International Business Times UK

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NDTV covers the Adani case, but without key detail of an ‘unusual offer’

What does a newsroom do when the biggest news of the day is about the person who owns it?

Newslaundry

Rahul Gandhi calls Narendra Modi 'compromised' PM who bargained for Adani in US & not trade deal

Rahul Gandhi criticised Prime Minister Narendra Modi, alleging he prioritised Gautam Adani's release from US fraud charges over India-US trade deal. This follows reports that the US Justice Department is nearing the dropping of criminal fraud charges against Adani, who pledged a $10 billion US investment.

The Economic Times

Adani Enterprises, other Adani Group stocks jump up to 3%. Here’s why

Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million is also proposed. This development could lead to the dropping of criminal charges. The Adani Group is reportedly considering substantial US investments.…

The Economic Times

US agrees to settle lawsuit that accused an Indian billionaire of hiding an alleged bribery scheme

The U.S. government has agreed to settle a lawsuit against Indian billionaire Gautam Adani

The Independent UK

US set to drop criminal fraud case against Gautam Adani, sources say, as deal reached in civil case

The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani over an alleged bribery scheme tied to an Indian solar project. Separately, the SEC has settled a related civil fraud case against Adani and his nephew, subject to court approval, with both agreeing to pay civil…

The Economic Times

Adani settles SEC case, criminal charges set to be dropped — a 17-month legal battle winds down

Gautam Adani and his nephew Sagar will pay $18 million to settle US Securities and Exchange Commission charges. The Adani Group faces allegations of false statements regarding Adani Green Energy Ltd. This settlement could pave the way for the conglomerate's return to international markets. The Justice Department is also moving…

The Economic Times

US reportedly dropped fraud charges against Indian billionaire after he hired Trump’s lawyer

Gautam Adani, richest man in Asia, was accused of conspiring to pay $250m in bribes to Indian government officials

The Guardian - US

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The Economic Times

US authorities moving to end fraud cases against Gautam Adani

US authorities are nearing a resolution for fraud charges against Indian billionaire Gautam Adani. The Justice Department may drop its case soon. The Securities and Exchange Commission is also working to settle its parallel civil fraud case. This development would significantly benefit the Adani Group, clearing the path for international…

The Economic Times

Adani Enterprises shares jump 5% after nearly 60 lakh shares worth Rs 1,435 crore change hands in block deal

Adani Enterprises shares surged over 5% following a substantial block deal worth Rs 1,435 crore. Despite a Q4 net loss, revenue climbed 20%, driven by infrastructure and utility segments contributing 80% of EBITDA. The company highlighted a stable, infrastructure-led business model poised for sustained cash generation and value creation.

The Economic Times

Uber's India data centre bet; Cyber cover meets AI risk

Uber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.

The Economic Times

Uber teams up with Adani for first data center in India

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company.

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The Independent UK

Son of Asian billionaire offers to save Pablo Escobar’s ‘cocaine hippos’ from culling

As many as 80 of these hippos have been approved for culling by Colombia

Newslaundry

Why the Adani Group is facing scrutiny over new allegations of secret investments

The Adani Group is making international headlines again.

The Independent UK

Inside the world’s largest renewable energy park – proof the green transition isn’t dead

ON THE GROUND: Stuti Mishra reports from a site in western India that’s roughly seven times larger than the city of Paris and combines solar and wind power to produce energy around the clock. Nothing on this scale exists anywhere else in the world

Newslaundry

SEBI accuses Pranav Adani, relatives of insider trading in Adani Group’s open offer for NDTV: Report

The Securities and Exchange Board of India has alleged that Pranav Adani, the nephew of billionaire Gautam Adani and a senior executive on the boards of multiple Adani Group companies, had “shared price sensitive information about Adani Group’s open offer to acquire shares of NDTV with his brothers-in-law, violating insider…

AAP

Activist claims win in 'biggest' anti-protest lawsuit

A coal mining giant's epic legal pursuit of climate activist Ben Pennings is over after a $600 million lawsuit over an environmental protest was dropped.

The Guardian - UK

Threats, fear and hope as Mumbai slum dwellers await the bulldozers

Many of Dharavi’s 1m residents fear community hub will become playground for rich under Adani Group’s redevelopment plan

Newslaundry

India’s finance ministry ‘pushed’ for LIC investments in Adani Group: WaPo report

Officials of India’s finance ministry fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the Life Insurance Corporation of India, a state-owned insurance and investment company, to an Adani group firm despite being aware of the risks, The Washington Post has reported.

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