ADANI ENTERPRISES LAWSUIT
Calcutta HC bars publication, sharing of video on PM Modi, Gautam Adani till Jan 31
The Calcutta High Court has issued an injunction against a documentary involving Prime Minister Narendra Modi and Gautam Adani. This order prohibits publication, sharing, and re-uploading of the video until January 31 next year. Justice Aryak Dutt mandated social media platforms to remove access to the video and related content. The Adani Group argued that the video contains false and defamatory statements against them.
US set to drop criminal fraud case against Gautam Adani, sources say, as deal reached in civil case
The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani over an alleged bribery scheme tied to an Indian solar project. Separately, the SEC has settled a related civil fraud case against Adani and his nephew, subject to court approval, with both agreeing to pay civil penalties without admitting wrongdoing.
Adani Enterprises, other Adani Group stocks jump up to 3%. Here’s why
Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million is also proposed. This development could lead to the dropping of criminal charges. The Adani Group is reportedly considering substantial US investments. This offers a major relief for the conglomerate.
Gautam Adani, Sagar Adani to seek US SEC fraud case dismissal by April 30
Gautam Adani and nephew Sagar Adani are challenging a US SEC civil lawsuit, seeking dismissal by April 30, 2026, citing lack of court jurisdiction. The Adani Group stocks saw a surge following this move. The SEC had accused them of bribery to benefit Adani Green Energy and failing to disclose this in a 2021 bond offering.
Nomura sued by Adani-linked fund accused in short-seller Hindenburg report
The Elara-owned Oyster Bay Fund borrowed from Nomura to make leveraged bets on Adani Enterprises and Adani Ports. Those positions collapsed after Hindenburg Research’s January 2023 report accused the Adani Group of “brazen stock manipulation” and suggested Elara-linked funds were involved, according to High Court filings.
Adani Enterprises partners with Google for India's largest data centre campus in Visakhapatnam
AdaniConnex, a joint venture of Adani Enterprises, is partnering with Google to establish India's largest data centre campus in Visakhapatnam, Andhra Pradesh. This significant investment will create a major AI hub, featuring gigawatt-scale data centre operations supported by subsea cables and clean energy. The project aims to bolster India's digital infrastructure and create substantial employment opportunities.
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The NYT paradox: Suing OpenAI, then signing with Amazon
The timing of the development is notable and even ironic: it comes even as the NYT continues a legal battle with OpenAI and Microsoft for copyright infringement. However, other media groups, such as News Corp — the owner of The Wall Street Journal, Barron's, MarketWatch, and The New York Post — struck similar deals with OpenAI in May last year.
From market rout to bankruptcy, here's how Hindenburg shook some empires
Hindenburg Research shuts down: Hindenburg Research, founded by Nate Anderson in 2017, exposed various high-profile corporate frauds and financial mismanagement cases globally, leading to significant financial corrections, indictments, and regulatory actions. The firm ceased operations after concluding its final investigation into Wags Capital in 2024.
Gautam Adani's plan to invest $1.85 billion in Kenya’s largest airport blocked by court
Gautam Adani Kenyatta Airport: Kenya’s High Court has temporarily paused a government plan to transfer the management of Nairobi's Jomo Kenyatta International Airport to Adani Group. The 30-year lease proposal has sparked controversy, with Kenya’s aviation union raising concerns about potential job losses and foreign workers replacing locals. The Adani Group has yet to comment on the situation. This legal development follows last month's call for a strike by the Kenya Aviation Workers Union in opposition to the deal.
Sensex, Nifty open with minor gains as IPOs steal attention
Shares of Titan, which crossed the Rs 3 lakh crore market capitalisation mark in Tuesday's session, today added another 1% to hit a fresh 52-week high. BPCL was the top Nifty gainer and was up around 3%. On the other hand, TCS, Kotak Mahindra Bank, Hindalco, and Adani Enterprises fell up to 1%.
Stocks in news: Adani Enterprises, Adani Ports, Coffee Day, Siemens, IRB Infra
IRB Infrastructure Developers, IRB Infrastructure Trust, have collectively reported the toll revenue of Rs 417 crore for the month of August, showing growth of 24% year-on-year.
The real reason behind crash in ACC and Ambuja Cements
The Benchmark index on the daily chart is still restricted within the big Budget Day candle which was formed on 1st February. Nifty witnessed a range-bound price action throughout the week and formed a minor candle within its previous weeks range and closed 0.01% higher at 17,856.50 levels on a weekly closing basis.
Stocks in the news: TechM, Adani Green, DLF, Tata Motors, HPCL and Jet Airways
Edelweiss has downgraded Bajaj Finserv to reduce and revised target price to Rs 6,481 .
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