The bribery allegations involving business tycoon Gautam Adani and Andhra Pradesh former Chief Minister Jagan Mohan Reddy, amounting to Rs 1750 crores, have led to widespread criticism, especially from Jagan's own sister, YS Sharmila. Sharmila has raised suspicions about her brother's involvement in the scandal, which was highlighted by the U.S. Department of Justice. Sharmila challenged Jagan's responses to the allegations, accusing him of evading questions regarding th

Norwegian diplomat and former UN Environment Programme Executive Director Erik Solheim has strongly criticized the US government's recent report regarding the Adani Group, calling it a case of "American overreach." The report alleges that certain individuals linked to the Adani Group discussed bribes to secure solar energy contracts in India, but Solheim pointed out that the allegations lack evidence of actual bribe payments or involvement from the Adani Group’s top leader

On Tuesday, India condemned the arrest of Chinmoy Krishna Das Brahmachari, a prominent Hindu priest and leader of the International Society for Krishna Consciousness (ISKCON) in Bangladesh, calling for the protection of religious minorities in the country. Chandan Kumar Dhar, also known as Chinmoy Krishna Das, was arrested on Monday afternoon at Dhaka's Hazrat Shahjalal International Airport. A Dh

A major legal battle is unfolding as Gautam Adani, the Indian business magnate, and several of his associates face a $265 million bribery charge in the United States. This indictment, which also implicates his nephew Sagar Adani and executives from an Indian renewable-energy company, is raising significant questions about the extraterritorial application of US laws, especially since those involved do not reside in the US. Prominent Indian-American attorney Ravi Batra highlighted the

The ongoing feud between YS Sharmila and her brother, YS Jagan Mohan Reddy, has escalated with Sharmila demanding a CBI investigation into the controversial Rs 1750 crore bribery scandal involving Jagan and industrialist Gautam Adani. In a public letter, Sharmila accused Jagan of signing a dubious power distribution deal with Adani, which she claims would burden the people of Andhra Pradesh with Rs 1.5 lakh crore over the next five years. She urged CM Chandrababu Naidu to cance

In a bold move, Telangana Chief Minister Revanth Reddy has announced that the state government will not accept a ₹100 crore donation from industrialist Gautam Adani to the Young India Skill University. This decision comes in light of the ongoing controversies surrounding Adani, including allegations of corruption and a case filed against him in the United States. The industrialist is also accused of bribing state Chief Ministers, including Andhra Pradesh’s former CM Jagan Mohan Reddy.

The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt. The strong growth in the first half was fueled by Adani Enterprises' solar and

Kanwal Sibal, the former Foreign Secretary of India, has strongly criticized a report from a US government department regarding the Adani Group, describing it as a violation of India's sovereignty. Sibal condemned the US for overstepping its bounds, arguing that any investigation conducted on Indian soil by US authorities would breach Indian law. He emphasized that if the US had evidence of illegal activity, it should have shared its findings with Indian authorities instead of taking unil

In a major setback for Indian billionaire Gautam Adani, the founder of the Adani Group, and seven others have been indicted in the United States for their involvement in a multibillion-dollar bribery and fraud scheme. The charges allege that the Adani Group bribed Indian officials, particularly in Andhra Pradesh, to secure lucrative solar energy contracts, while defrauding US investors and financial institutions to gain funds. The indictment reveals that Gautam Adani, along with his

The Solar Energy Corporation of India (SECI) has issued a show-cause notice to Reliance Power Ltd. for allegedly submitting a fake bank guarantee in a recent tender bid. The bid, submitted by Reliance NU BESS, a subsidiary of Reliance Power, was for the establishment of a 1,000 MW/2,000 MWh energy storage system. SECI’s investigation revealed that the bank guarantee, purportedly issued by FirstRand Bank’s Manila branch, was fraudulent, as no such branch

Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project. The Incident: Fake Bank Guarantees in SECI Tender

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

The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again. Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolste

In a significant move reflecting the turbulent political history of Bangladesh, the former palace of ex-leader Sheikh Hasina, known as Ganabhaban, is set to be converted into a museum. This decision comes from Muhammad Yunus, the Nobel Peace Prize laureate and current chief advisor of the caretaker government, who aims to honor the student-led uprising that led to Hasina's ousting in August. The museum is envisioned as a space that will not only preserve the memories of Hasina&r

As the Indian cricket team prepares for the crucial second Test against Bangladesh at Kanpur's Green Park Stadium, all eyes are on KL Rahul, who has struggled since his return from injury. With a batting average around 35 and lackluster performances raising doubts about his position, the pressure is on for the experienced player. Indian batting coach Abhishek Nayar remains optimistic, highlighting the need for support during challenging phases. Nayar acknowledged Rahul's pas

Adani Total Gas Ltd. (ATGL) announced on Friday that it has successfully secured $375 million in funding from international lenders to expand its city gas distribution (CGD) network. This financing marks the largest global investment in the CGD sector, underscoring the growing importance of natural gas in India's energy landscape. The funds will enable ATGL to extend its services to over 200 million people, representing approximately 14% of India's population. The financing

India has long aspired to secure a permanent seat on the United Nations Security Council (UNSC), arguing that its status as an emerging superpower merits representation at the high table. Despite support from several permanent members and international coalitions advocating for UNSC reform, experts remain skeptical about India's chances in the near future. One of the most significant hurdles is China’s steadfast opposition. As the only Asian country with a permanent seat,

In the thrilling first Test between India and Bangladesh, Jasprit Bumrah has continued to showcase his exceptional bowling skills, leaving Bangladesh reeling at 112/8. Following a brief but decent partnership, wicket-keeper batter Litton Das and veteran Shakib Al Hasan succumbed to the pressure, both falling to Ravindra Jadeja, who is proving to be a key player in this match. Earlier in the innings, India had a strong showing with Ravichandran Ashwin scoring a remarkable 113 runs an

In the ongoing 1st Test between India and Bangladesh, Hasan Mahmud has put on an impressive display, claiming his fourth wicket by dismissing Rishabh Pant for 39 runs. His fiery bowling has created significant trouble for the Indian batting lineup. Following Pant's exit, wicketkeeper-batter KL Rahul has joined Yashasvi Jaiswal at the crease, who is currently standing strong and has reached his half-century. With India at four wickets down, both Rahul and Jaiswal are focused on b

Gavaskar’s Caution Ahead of Bangladesh Series: Legendary Indian cricketer Sunil Gavaskar has issued a word of caution to Rohit Sharma’s squad regarding the upcoming two-Test series against Bangladesh. Gavaskar highlighted that Bangladesh, fresh from a historic 2-0 series victory in Pakistan, is a formidable opponent. The series will start with the first Test at the MA Chidambaram Stadium in Chennai from September 19-23, followed by the second Test at