New York, USA – In a significant escalation of its investigation into the Adani Group, the US Securities and Exchange Commission (SEC) has formally requested assistance from Indian authorities. The SEC’s probe centers on allegations of securities fraud and a $265 million bribery scheme involving the conglomerate’s founder, Gautam Adani, and his nephew, Sagar Adani. … Read more
Adani Wilmar, a prominent player in India’s FMCG sector, witnessed a significant downturn in its share value today. This decline is attributed to the announcement of an Offer For Sale (OFS) by its promoter group, intending to divest a substantial stake in the company. The move has triggered a wave of reactions from investors, leading … Read more
Detailed Analysis: Adani Wilmar, a prominent name in the Indian Fast-Moving Consumer Goods (FMCG) sector, witnessed a significant drop in its share price recently. This downturn followed the announcement that Adani Enterprises, a key player in the Adani Group, would be exiting its long-standing joint venture with Wilmar International. This development has triggered discussions and … Read more
Imagine a company so big it touches almost every aspect of your daily life in India. From the electricity that lights your home to the food you cook, the ports that handle your favorite imports, and the airports you might fly out of, the Adani Group has its hand in a vast array of industries. … Read more