The business empire of Indian Industrialist Gautam Adani is under the radar of the US authorities. The combined market capitalization of all 11 Adani stocks fell by around Rs 2.25 lakh crore to Rs 12 lakh crore. The investigation and its outcomes into allegations by the US persecutors will likely continue to influence investor sentiment and market performance for the Adani Group in the near term. But why is the US involved in this? What is the Gautam Adani bribery controversy all about? In this video Mid-day journalist, Katyayani Kapoor explains the Indictment. Take a look.
21 November,2024 06:52 PM IST
BJP spokesperson Sambit Patra addressed the allegations against Gautam Adani and his company in the US during a press conference in Delhi. He explained that the company is involved in a legal case in the US, which includes both allegations and counter-allegations. Patra stated that the company will defend itself and issue a statement regarding the matter. He emphasized that the company will handle the situation on its own, and the law will take its course. Patra also mentioned that the issue has been widely covered in the media, but the company will provide its own response to the allegations.
21 November,2024 05:23 PM IST
Rahul Gandhi has called for the arrest of Gautam Adani after he was charged in the US over an alleged bribery scheme. Speaking at a press conference, the leader of the Opposition in Lok Sabha said that it is clear from the US investigation that Adani has violated both Indian and American laws. Gandhi questioned why Adani, despite being indicted in the US, is still free in India. He pointed out that while many Chief Ministers have been arrested for corruption, Adani, who is accused of a Rs 2000 crore scam and more, remains untouched. Gandhi claimed this proves Prime Minister Modi is protecting Adani and is involved in corruption with him.
21 November,2024 03:28 PM IST
Dharavi Redevelopment Project has always been a hot topic of discussion since the idea was tabled. In a recent interaction, Adani Group Founder and Chairman Gautam Adani on Tuesday mentioned the Dharavi Redevelopment Project during a speech in a Mumbai college and said it is not just about "urban renewal" but "restoring dignity to over one million residents of our country". Addressing the students at Jai Hind College, Mumbai, Gautam Adani extended greetings to the teachers on Teachers Day. "I wish Happy Teachers Day to all the teachers present here...I find it fascinating that 75 years ago, two visionary professors from DJ Sindh College in Karachi laid the foundation for these institutions in two small rooms. Despite the immense challenges and human displacement during the partition of our country, they envisioned a future where the power of education could heal and unite," he said.
06 September,2024 11:42 AM IST![Know all about the Hindenburg vs Sebi Chief controversy - [Explained]](https://images.mid-day.com/images/images/2024/aug/hndennn_d.jpg "Know all about the Hindenburg vs Sebi Chief controversy - [Explained]")
The Hindenberg Research on August 10th hinted at an explosive claim that could shake India. Soon after the Investment research organisation made certain claims questioning the credibility of SEBI Chief Madhabi Puri Buch. In this episode of Mid-day Explains, we dive deep into the Hindenburg vs. SEBI Chief controversy that has sent shockwaves through India's financial markets. We break down the origins of the dispute, explore the allegations made by Hindenburg Research against prominent Indian companies, and discuss the response from the SEBI Chief. We also analyze how this controversy has impacted the Indian stock market, including the ripple effects on investor sentiment, stock prices, and market regulations with Investment Expert Kavitha Menon
14 August,2024 05:05 PM IST
Prime Minister Narendra Modi on Wednesday launched an all-out attack on Congress leader Rahul Gandhi questioning the party's sudden silence on Adani and Ambani and questioned them on having received money from the industrialists. Addressing a public meeting here today, PM Modi said that for years the Congress’ ‘Shehzada’ used to speak of ‘5 industrialists’ and then he started to speak only of “Ambani and Adani” and now they are silent on them. Congress national general secretary Priyanka Gandhi Vadra on Wednesday replied to Prime Minister Narendra Modi's attack on her brother and former Congress President Rahul Gandhi where he had questioned the Congress' silence on Adani-Ambani and questioned if there was a secret deal between the Congress and the industrialists.
09 May,2024 05:35 PM IST
During a press conference on April 08, Nationalist Congress Party (NCP) President Sharad Pawar attacked the government over various issues prevailing in the country and said that other than Ambani-Adani, issues like unemployment, price hike need to be discussed. He said, “Nowadays names of Ambani-Adani are being taken (to criticise the government) but we need to think about their contribution to the country. I think other issues like unemployment, price rise, and farmers’ issues are more important.”
08 April,2023 02:43 PM IST | Mumbai
In a fresh attack, BJP has accused Congress of pressurising judiciary over Rahul Gandhi’s disqualification case. The attack came after Rahul Gandhi reached the Surat court along with several party leaders. Notably, the court convicted Rahul Gandhi in “Modi surname” case, sentencing him for two years. Now, Congress leader Rahul Gandhi answered on BJP allegations and raked up Adani issue to target Centre.
05 April,2023 03:48 PM IST | Gujarat
Opposition party leaders on March 15 took out a protest march against the Central Government over Adani row. Opposition MPs began their march from Parliament to ED office to submit a memorandum over Adani issue. The opposition is demanding formation of Joint Parliamentary Committee to address the Adani-Hindenburg issue.
15 March,2023 10:35 PM IST | Mumbai
The Supreme Court on March 2 asked SEBI to complete an investigation into Hindenburg’s allegations against Adani Group within two months. It also ordered constituting an expert committee to review regulatory mechanism in view of the falling share prices of Adani firms triggered by the Hindenburg allegations. Business tycoon Gautam Adani on March 2 welcomed the decision and tweeted. Meanwhile, Aam Admi Party Leader Sanjay Singh, also commented on the issue.
02 March,2023 10:38 PM IST | MumbaiADVERTISEMENT
