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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The billionaire, along with other executives, has been indicted in a New York court for allegedly bribing Indian officials to obtain solar contracts and hiding it from US banks and investors.
Gautam Adani, chairman of the Adani Group, along with seven other senior business executives has been charged by US prosecutors in connection with an alleged multimillion dollar bribery scheme, the U.S. Attorney's Office said in a statement.
According to the indictment, which The Morning Context has seen, Adani and two other executives at his renewable firm Adani Green Energy--his nephew and executive director Sagar Adani, and managing director Vneet S. Jain– allegedly agreed to pay over $250 million in bribes to Indian government officials for obtaining "lucrative solar energy supply contracts" between 2020 and 2024.
The prosecutors allege that Adani …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
