Gautam Adani News

Subscribe to enjoy similar stories. Five foreign freighters, including FedEx and a DHL joint venture, are expected to begin operations at Navi Mumbai International Airport (NMIA), from May, two cargo officials familiar with the matter told Mint. This comes nearly three months before cargo-carrying planes temporarily cease operations at Mumbai International Airport from 1 August.

Subscribe to enjoy similar stories. MUMBAI , NEW DELHI : Telecom operator Bharti Airtel has begun testing mobile signals at the Navi Mumbai International Airport (NMIA), two people familiar with the development said, signalling progress on cellular connectivity at the facility that was inaugurated in late December. The development assumes significance as billionaire Gautam Adani’s newest airport has been operating for over a month without network coverage from private telecom operators, causing persistent connectivity issues for passengers.

Mukesh Ambani has retained the top spot on the Hurun India Rich List 2025, despite a dip in his wealth. The Reliance Industries chairman's net worth stands at INR 8.6 lakh crore, down by Rs 1 lakh crore from the previous year. However, he still holds a comfortable lead over rival Gautam Adani, who made significant strides with a wealth increase of 13%, bringing his fortune to Rs 8.4 lakh crore. Adani’s net worth grew by a substantial Rs 1 lakh crore, cementing his status as a formidable force in the nation's business landscape. The race between these two titans of industry has captivated the country’s attention, and their fortunes continue to fluctuate, reflecting both market dynamics and their expanding business ventures.

Gautam Adani, is preparing to exchange vows with Diva Shah in an intimate wedding ceremony set to take place in Ahmedabad on 7th February.

OpenAI has asked an Indian court to quash a plea by a group representing Indian and global book publishers that accuse it of copyright breaches, arguing its ChatGPT service only disseminates public information, legal papers show.

Adani Infra has sought the Competition Commission of India's (CCI) clearance to pick up a stake in PSP Projects, further bolstering its construction capabilities, showed the company's filing with the regulator.

Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday.

Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm's research led to significant financial losses for Indian billionaire Gautam Adani and his companies.

Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.

Shiv Sena (UBT) MP Sanjay Raut on Sunday launched a scathing attack on Prime Minister Narendra Modi's speech in Lok Sabha, where he emphasized zero tolerance towards corruption. Raut questioned PM Modi's sincerity, pointing out the presence of allegedly corrupt leaders within the BJP, such as Ajit Pawar and Eknath Shinde. Raut's criticism also extended to PM Modi's relationship with business magnate Gautam Adani, implying that the Prime Minister's tolerance of Adundermines his claims of zero tolerance towards corruption.

Tamil Nadu BJP President K Annamalai on Wednesday defended meeting industrialist Gautam Adani, calling it «not a sin» and accusing Congress and DMK of misleading the public with their protests over Adani's ties to the party. «He is a businessman in our country. Every single state government wants to roll a red carpet for inviting big industrialists to their global investor summit. It is the Congress and DMK MPs that started this bogus protest outside the Parliament saying that 'Adani-BJP Ek Hai.' Since CM (MK Stalin) said he has not met Adani, we are making a charge against him. Don't hoodwink Tamil Nadu people… You should acknowledge that Adhas done business in Tamil Nadu,» Annamalai said. Meanwhile, Congress on Tuesday denied BJP's allegations of links to billionaire George Soros. Congress spokesperson Supriya Shrinate called the claims «baseless» and said they were a diversion from the Adani controversy.

Tamil Nadu Chief Minister M K Stalin on Tuesday said he never met industrialist Gautam Adani and sought to know if the BJP and its ally, the PMK, were prepared for a joint parliamentary committee (JPC) probe on the Adani issue. Responding to a question raised by PMK leader G K Mani in the Assembly, Stalin said he had no connection whatsoever with the industrialist whom the PMK and the BJP were spreading a 'misinformation' campaign that he had links. «Electricity Minister Senthil Balaji has already explained in a detailed manner. I and Adani have no ties at all. Are you prepared for a JPC probe on the issue,» Stalin asked, pointing at Mani. The Congress and some other opposition parties have been demanding a JPC probe following the indictment of Adani and other company officials in a US court over bribery allegations.

Dharmendra Pradhan on Monday attacked Congress leader Rahul Gandhi over protests by opposition members in Parliament complex and termed him «comedy king» who is trying to stay relevant. Leaders of some INDIA bloc parties on Monday protested in Parliament complex over the Adani row, with Gandhi conducting a mock 'interview' over the issue with Congress members wearing masks of Prime Minister Narendra Modi and industrialist Gautam Adani «Rahul Gandhi is indulging in what he does best — Stand-up comedy! His malicious claims and rants have crumbled under the weight of comprehensive investigation every time. Playing the role of a pawn to perfection, he yet again attempts to mislead despite his misinformation campaigns failing to cut ice with the people of India,» Pradhan wrote on X tagging a video of the protest.

Gautam Adani responded by saying that this is not the first time the company has faced such challeneges and every attack made us stronger. «We had our successes, our challenges were even bigger. These challenges have not broken us. They made us tougher. We will rise stronger, said Adani while addressing the 51st Gem & Jewellery Awards, Jaipur. „Less than 2 weeks back, we faced allegations from the US. This is not the first time we faced such challenges. What I can tell you is that every attack makes us stronger,“ said Adani. U.S. authorities accused Adani, 62, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.

Adani stocks will be in focus on Friday after reports suggested Indian banks are reevaluating their exposure to the conglomerate. This follows charges of bribery and fraud filed by U.S. prosecutors against Chairman Gautam Adani and others. Public sector banks, including the State Bank of India (SBI), Bank of India, and Union Bank of India, are leading the review, with private lenders such as ICICI Bank, Canara Bank, IDBI Bank, and RBL Bank also involved, according to a Reuters report.

India’s opposition has disrupted Parliament for a third day, protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes

Adani Green Energy following the US indictment for alleged bribery to win contracts. According to highly-placed state government sources, Andhra Pradesh is considering writing to Solar Energy Corporation of India (SECI) to cancel the power purchase agreement (PPA) signed with Adani Green Energy and recommend a probe by a central investigative agency. Other options being considered include formation of a Cabinet sub-committee to examine the charges of bribery and keep the power supply agreement (PSA) signed with SECI in abeyance. The third option is to completely scrap the PSA. Sources said that the state government is veering towards the option of writing to the SECI and ask it to scrap the PPA. The PPA under scrutiny involves the Andhra Pradesh government's procurement of 7,000 megawatts (MW) of solar power through SECI. US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed state government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of J&K, between 2021 and 2022.

US State Department refused to comment on the disruptions in Indian Parliament over the indictment of billionaire Gautam Adani in a US court on charges of bribery. «That is a law enforcement matter,» State Department Spokesperson Matthew Miller told reporters at his daily news conference on Monday. He was responding to a question about Leader of Opposition in Lok Sabha Rahul Gandhi demanding the immediate arrest of Adani. «Is this something you support, such as the arrest and investigations, charges against Adani» he was asked. «I would defer to my colleagues at the Department of Justice to speak to it,» Miller said.

Additionally, the INDIA bloc will be looking forward to cornered the BJP-led NDA alliance over rising tensions in Manipur as well billionaire Gautam Adani's indictment in the United States for alleged bribery worth $256 million. «A total of 42 leaders from 30 political parties were present in the meeting. There are many topics. Everyone has asked for discussion on some topics but we want that there should be a good discussion in the Lok Sabha and Rajya Sabha. The government is ready to discuss any topic. Our only request is that the House should run well and there should be no ruckus. Every member wants to participate in the discussion but the House should run well. To run the winter session well, everyone's cooperation is needed and everyone's participation is necessary,» Union Parliamentary Affairs Minister Kiren Rijiju had said after the Centre called all-party meeting chaired by Union Minister Rajnath Singh.

Sagar Adani, a millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials on his mobile phone, court filings show. U.S. prosecutors called the notes on Adani's phone «bribe notes.» In those notes, Sagar Adani, nephew of the Indian conglomerate's billionaire founder Gautam Adani, noted the amount of the bribe he offered, which government official had been offered the money and how much solar power the official's region would buy in return. He even identified a per megawatt bribe rate to secure the power contracts, the court filings show.

GQG Partners, one of the biggest foreign institutional investors in Adani Group, said it is monitoring the charges filed by the US Attorney's Office for the Eastern District of New York and the Securities Exchange Commission against founder Gautam Adani, group companies and executives. GQG said it is «reviewing the emerging details and determining what, if any, actions for our portfolios are appropriate.» Shares of GQG Partners plunged 20% on the ASX (Australian Securities Exchange) on Thursday, eroding nearly ₹8,100 crore (approx. US $950 million) or 16% of its market value.