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He said while the Congress pretended to oppose him at the national level, it was conspiring to hand over Telangana's resources to the industrialist at the State level.
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Industry sources say the government has designed the tender condition in such a way that small players cannot fulfil the conditions
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Taking to X, Rama Rao blamed Revanth Reddy for the unrest in Lagacherla and Dilawarpur by mishandling issues involving farmers.
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In a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations "are incorrect"
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Andhra Chief Minister 'promises' to act on the irregularities, says government in possession of the "chargesheet reports" filed in the US
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The case raises serious questions over symbiotic relationship between monopolistic business houses and politicians
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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.
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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.
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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
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We need to study the report before coming to a conclusion. It would take two to three days, says party spokesperson
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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
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He called Adani a "fraudster who deceived global powers and bribed Indian officials" and asked the association of Congress and BJP with him, terming it a disgrace to the nation
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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.
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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
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Here is the full report of the US indictment of Gautam Adani and his associates, who are accused of massive bribery charges and concealment of information to dupe investors...
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United States has indicted Gautam Adani on charges of duping investors by hiding fact that more than 250 million US dollars were paid as bribe to Indian officials to get Solar project contracts
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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
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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.
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Though he did not elaborate on why personal data should be shared when the primary focus of the census was caste, Revanth Reddy alleged that both BJP and BRS were trying to create controversies over the caste census as they were worried about the consequences.
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BRS leader points out to an alleged secret meeting between businessmen Gautam Adani and Minister Srinivas Reddy shortly after the ED raids