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The Indian rupee plummeted to a new all-time low of 84.50 against the US dollar due to a massive sell-off in domestic equities, sustained foreign investment outflows, and surging crude … Read More

India’s economic growth is projected to pick up in the third quarter of FY2025, fueled by positive economic indicators and robust sectoral performance, according to an ICRA report. Improvements in … Read More

Goldman Sachs predicts India’s economy will experience a cyclical slowdown, with GDP growth decelerating to 6.3 percent by 2025. Despite this, the country is expected to remain largely unaffected by … Read More

Moody’s Ratings has put the Adani Group’s governance practices under scrutiny following bribery allegations against chairman Gautam Adani. US prosecutors allege Adani’s involvement in a $250 million bribery scheme to … Read More

The US Department of Justice and the US Securities and Exchange Commission have charged Gautam Adani and seven other executives with bribery and fraud. However, in its first reaction to … Read More

Adani Green Energy Ltd. has canceled its $600 million bond offering following a US court order indicting senior Adani Group executives, including Gautam Adani, for alleged bribery.

US prosecutors have brought charges against billionaire Gautam Adani, alleging his involvement in a significant bribery scheme.

Gautam Adani and seven others, including his nephew, were indicted in the US on bribery charges. Moody’s stated that the indictment negatively impacts the credit status of Adani Group companies.

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 77,200, Nifty50 was below 23,400.

Adani Group companies’ share prices plummeted up to 20% following US charges against Gautam Adani and seven others for an alleged multibillion-dollar bribery and fraud scheme to secure solar energy … Read More