The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a US court for allegedly bribing Indian officials to secure solar power contracts, in a presentation to investors highlighted cash balances of ₹55,024 crore exceeding long-term debt repayments for the next 28 months.
The Adani Group asserts that the accusations against them are unfounded and emphasizes the limited scope of the allegations.
US prosecutors recently charged Indian billionaire Gautam Adani with helping drive a $250 million bribery scheme to win solar energy contracts in India. They alleged Adani Green Energy Ltd. concealed the plan as it sought to raise money from US investors.
The EV manufacturer streamlines its workforce to boost efficiency, improve margins, and address profitability challenges.
Allegations of corruption rock global markets and will strain US-India ties, and ignite fierce political debate in India.
Siddaramaiah said there is a need to find new markets for surplus milk and gradually the Karnataka Milk Federation should be able to sell 5-6 lakh litres per day in Delhi-NCR.
Since the US election on Nov 5, traders have been betting that President-elect Trump's promised support for digital assets will result in a less stringent regulatory environment and give bitcoin a boost after a lagging few months.
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