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The Adani Group has responded strongly to recent media reports alleging bribery and corruption charges against its top executives, including Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain. According to the group's statement, neither Gautam Adani, Sagar Adani, nor Vneet Jaain have been charged with any violation of the US Foreign Corrupt Practices Act (FCPA), as claimed in recent news articles.
The US Department of Justice (DOJ) indictment contain
The Adani Group has responded strongly to recent media reports alleging bribery and corruption charges against its top executives, including Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain. According to the group's statement, neither Gautam Adani, Sagar Adani, nor Vneet Jaain have been charged with any violation of the US Foreign Corrupt Practices Act (FCPA), as claimed in recent news articles.
The US Department of Justice (DOJ) indictment contain
Adani Enterprises Ltd. (AEL) reported a substantial 664% increase in its consolidated net profit for the September quarter, reaching ₹1,742 crore, compared to ₹228 crore in the same period last year. The company’s revenue from operations also rose by 16%, totaling ₹22,608 crore, up from ₹19,546 crore in the previous year.
Stock Performance and Metrics
Following the earnings announcement, shares of Adani Enterprises rose by 2% to ₹2,849. The
Adani Enterprises Ltd. (AEL) reported a substantial 664% increase in its consolidated net profit for the September quarter, reaching ₹1,742 crore, compared to ₹228 crore in the same period last year. The company’s revenue from operations also rose by 16%, totaling ₹22,608 crore, up from ₹19,546 crore in the previous year.
Stock Performance and Metrics
Following the earnings announcement, shares of Adani Enterprises rose by 2% to ₹2,849. The
Gautam Adani, chairman of the Adani Group, has made headlines by emerging as the biggest dollar gainer on the Forbes India 100 richest tycoons list, with his family's net worth soaring to $116 billion. This remarkable increase of $48 billion has allowed Adani to reclaim the second position on the list, reflecting a strong recovery from last year's short-selling attack, resulting in a staggering 71 percent rise in wealth.
In a closely contested race, Reliance Industries chair
Gautam Adani, chairman of the Adani Group, has made headlines by emerging as the biggest dollar gainer on the Forbes India 100 richest tycoons list, with his family's net worth soaring to $116 billion. This remarkable increase of $48 billion has allowed Adani to reclaim the second position on the list, reflecting a strong recovery from last year's short-selling attack, resulting in a staggering 71 percent rise in wealth.
In a closely contested race, Reliance Industries chair
