Deepak kumar Blogs

  US prosecutors charged Adani, his nephew Sagar, and other defendants for paying over USD 250 million in bribes between 2020 and 2024 to Indian government officials Adani group stocks faced heavy drubbing during the early trade on Thursday, with Adani Energy and Adani Enterprises tumbling 20%, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The stock of the group’s flagship firm Adani Enterprises plunged 20%. (Reuters) The stock of the group’s flagship firm Adani Enterprises plunged 20%, Adani Energy Solutions tanked 20%, Adani Green Energy plummeted 19.17%, Adani Total Gas tumbled 18.14%, Adani Power slumped 17.79%, and Adani Ports dived 15% on the BSE. Also, Ambuja Cements cracked 14.99%, ACC fell 14.54%, NDTV dropped 14.37% and Adani Wilmar declined 10%. Some of the group firms also hit their lowest trading per...

  Adani Group stocks in trouble again. What should investors do now? A dani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades.  Adani Green Energy  spiked over 6 per cent,  Adani Enterprises  rallied nearly 4 per cent,  Adani Power  gained more than 3 per cent, and Adani Ports added over 2 per cent. This recovery followed a sharp 23 per cent decline on Thursday, November 23, driven by intensified controversies surrounding the group. U.S. prosecutors indicted  Adani Group  Chairman  Gautam Adani , his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. Adani Group's Compounding Troubles The U.S. allegations claim that the Adani Group conspired with executives from a former New York-listed company to bribe Indian officials and secure business contracts. Adani Group...

  Shares of eight of the ten listed Adani group firms were trading lower during the morning trade on Friday after billionaire Gautam Adani was charged by US prosecutors for allegedly being part of a scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. 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. The stock of the group's flagship firm, Adani Enterprises, slumped 6.98 per cent to hit its 52-week low of Rs 2,030. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year low of Rs 279.20 and NDTV dipped 3.41 per cent. In contrast, ACC and Ambuja Cements were trading over 2 per cent higher even after falling in the opening deals. In the equity market, the BSE benchmark Sensex quoted 781.02 ...

  FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024. REUTERS G autam Adani Indictment, Adani Group stocks November 22, 2024: Adani Group stocks such as   Adani Green   Energy, Adani Energy Solutions,   Adani Enterprises ,   Adani Power , and   Adani Ports , were in focus following Gautam Adani’s US indictment. Energy stocks end lower. Adani Group’s shares lost nearly $27 billion in market value Thursday after US federal prosecutors accused its billionaire founder and other executives of allegedly plotting to bribe Indian government officials to win solar energy contracts, Bloomberg reported. November 22, 2024 15:39 Adani indictment, Adani stocks closing figures: Adani Green Energy, Adani Energy Solutions’ stocks tank; Adani Power down 3% ​ Adani Green ​ Energy (-7.96%) Adani Energy Solutions (-6.94%) ​ Adani Power ​ (-3.08%) ​ Adani Wilmar ​ (-0.64%) ​ Ambuja Cement ​...