"adani-group"

The US Securities and Exchange Commission (SEC) filing alleged that the Adani Group, in collaboration with Azure Power, paid $265 million in bribes to state electricity officials across several states, including Andhra Pradesh, Chhattisgarh, Tamil Nadu, Odisha, and Jammu and Kashmir, between 2021 and 2023. These bribes reportedly secured power supply contracts after the Solar Energy Corporation of India faced challenges finding buyers for the 12 gigawatts of solar electricity awarded to Adani and Azure Power in 2020.

The Congress party has been demanding the union government to constitute a Joint Parliamentary Committee (JPC) on the Adani Group irregularities.

Speaking to the media at Telangana Bhavan, Rama Rao pointed out that smaller countries like Kenya ended their agreements with Adani after the indictment. "Why can't Telangana do the same?" he asked, accusing both Congress and BJP of double standards. He further challenged Congress leader Rahul Gandhi and Telangana Chief Minister Revanth Reddy to justify their ties with Adani, alleging complicity and hypocrisy.

Adani Green Energy dropped 10.95 per cent and Adani Energy Solutions tumbled 8.57 per cent to hit the 52-week low of Rs 637.85 on the BSE

We need to study the report before coming to a conclusion. It would take two to three days, says party spokesperson

Speaking at a press conference in New Delhi on Wednesday, the Congress MP, while replying to a query that Congress governments in Telangana and Karnataka had signed agreements with Adani, said all those involved with Adani should be investigated, irrespective of who that was

Moody's Ratings stated that the indictment of Adani Group's chairman and other senior officials on bribery charges is "credit negative" for the group's companies. Billionaire Gautam Adani has been accused by U.S. prosecutors of participating in a scheme to pay over $250 million (approximately ₹2,100 crore) in bribes to Indian officials to secure favorable terms for solar power contracts.

Stock of the group's flagship firm Adani Enterprises plunged 22.99 per cent, Adani Ports dived 20 per cent, Adani Energy Solutions tanked 20 per cent

He questioned the Congress’s inconsistency in criticising the BJP’s association with industrialist Gautam Adani while remaining silent on similar collaborations involving Congress-led state

Addressing a public meeting at Rajura constituency in Maharashtra on Saturday, he said both Pradhani (Prime Minister) and Adani had made grand plans to loot Mumbai, he said, referring to the Dharavi slum development project.

This apart, posters taking a sarcastic jibe at the Congress MP, especially with the party's hypocrisy towards Adani Group also surfaced in different parts of the city.

Questions party's stance, pointing out Chief Minister Revanth Reddy's support for establishment of Adani-Ambuja cement plant in Ramannapet despite significant local opposition

Meanwhile, Nara Lokesh urged Adobe to set up its research and development (R&D) wing in Andhra Pradesh to become partners in smart governance and Artificial Intelligence-driven solutions in the state

The fight against the proposed Ambuja Cement factory by the Adani Group in Ramannapet in Yadadri-Bhongir district is gaining momentum

Speaking at Telangana Bhavan on Wednesday, Jagadish Reddy voiced his support for the people of Ramannapet, opposing the Ambuja cement factory project. He warned that the project would devastate the local environment, stating, "If the Ambuja cement factory is allowed, Ramannapet mandal will become barren, and even animals will be deprived of grass to eat." His remarks echoed public concerns about the impact on agriculture and water resources.

He said Revanth Reddy, who defined Modi-Adani as a double engine, had reached an understanding with the duo

The locals have been protesting for weeks, expressing concerns that dust and ash from the factory will devastate their green fields and disrupt their lives

Questions are being raised about the timing of Adani Group's Rs. 100 crore funding to Congress's Young India Skill University, just ahead of the public hearing for Ambuja Cement's factory in Ramannapet.

Adani Group rejects allegations as baseless, says it has no involvement in any Swiss court proceedings

When we assess Sebi’s leadership, we must question why government appoints individuals whose impartiality is in doubt