US SEC indicted Gautam Adani on charges of deceiving US investors and lenders. It said Adani raised capital by concealing that his company's major solar project in India was being facilitated with an alleged $250-million bribe to Indian government officials between 2020 and 2024. Adani allegedly destroyed records, withheld evidence and made false statements to investigators to "obstruct justice".

Adani Group has denied bribery allegations made by the US Department of Justice and US Securities and Exchange Commission against Gautam Adani, nephew Sagar Adani and others, calling them "baseless". "The charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty," Adani Group said. "All possible legal recourse will be sought," it added.

Shares of Adani Group companies lost about ₹2 lakh crore ($22 billion) in market value in early trade on Thursday after US prosecutors charged Gautam Adani in an alleged bribery and fraud scheme. Adani Enterprises fell 10%, Adani Ports fell 20%, Adani Total Gas fell 15%, Adani Green fell 17%, Adani Power fell 13% and Adani Energy Solutions fell 20%.

Adani Group stocks fell on Thursday after Chairman Gautam Adani was charged in the US for allegedly participating in a scheme that involved promising to pay over $250 million in bribes to Indian government officials to secure solar energy contracts. Adani Enterprises shares were down 10%, Adani Green Energy stock was down 17% and Adani Energy Solutions stock fell 20%.

Adani Group's billionaire Chairman Gautam Adani has been charged in the US over alleged bribery and fraud. Gautam Adani, nephew Sagar Adani and others allegedly participated in a scheme that involved promising to pay more than $250 million in bribes to Indian government officials to secure solar energy contracts. Adani was charged with allegedly defrauding American investors and bribing officials.

Aditya Ultra Steel Ltd posted strong results from the April to September period of Financial Year 2024-25. The company reported ₹312.39 crore in revenue and ₹5.87 crore in net profit. The company is investing ₹15.35 crore in a 5,000 KWP solar power plant in Gujarat.

Siddhant and Sarthak Mehrotra, innovative farmers from Ramnagar, turned a market gap into a thriving mushroom farming venture, earning a net income of ₹76 lakh in their first year. From a family with an electronics background, they embraced agriculture, blending entrepreneurial spirit with modern farming dynamics.

Brainbees Solutions Limited released its Q2 FY25 financial results which showed a reduction in net losses and an increase in revenue from the same period a year ago. Net losses fell down to ₹63 crore from ₹119 crore a year ago. Revenue saw an increase of 26.4% to ₹1,904.9 crore.

Units of Adani Group scrapped a $600 million dollar bond offering on Thursday after US prosecutors charged Gautam Adani with participating in an alleged bribe plot. The group's existing US-currency notes plunged in Asian trading. Adani allegedly participated in a scheme that involved promising to pay over $250 million in bribes to Indian government officials to secure solar energy contracts.

US Justice Department has said that Google must divest its Chrome browser to end its illegal monopoly in online search. The remedy plan also said that Google should be banned from entering browser market for five years. It however only proposed business limits to Android operating system. The proposal will now be decided upon by a US District Judge.

Zomato CEO Deepinder Goyal on Thursday said he received over 10,000 applications for the Chief of Staff role. Goyal announced the opening for the role on Wednesday and said the employee would have to pay a ₹20-lakh fee and wouldn't get any salary for one year. Goyal said the applicants included both who had the money and those who didn't.

BJP IT head Amit Malviya hit back at Congress as the latter sought probe into allegations of billionaire Gautam Adani paying over $250 million bribes to secure energy contracts. Adani allegedly bribed power companies of Odisha, Tamil Nadu, Chhattisgarh and Andhra Pradesh, which were opposition-ruled at the time, Malviya said. He also questioned timing of allegations ahead of Parliament session.

After Gautam Adani was charged in the US over alleged $250 million bribery, Congress' communications in-charge Jairam Ramesh in a post on X questioned the "intimate nexus between PM Modi and his favourite businessman". "The US SEC's actions also cast poor light on how its Indian counterpart SEBI investigated violations of securities and other laws by Adani Group," he added.

US indictment against Gautam Adani alleges Adani personally met with an Indian government official to advance the alleged bribery scheme to secure solar energy contracts. Adani, nephew Sagar, and Adani Green Energy CEO Vneet Jaain also held meetings with each other to discuss bribes. Another defendant Rupesh Agarwal used PowerPoint and Excel to summarise options for paying and concealing bribes.

A company's policy announcing a "blackout on vacation days, time off and taking sick days" from November 25 until December 31 is being criticised widely on social media. "If you die, you have to inform management 3 days prior," a Reddit user commented. "They wrote 'thank you' [at the end] but it's actually pronounced 'F*** you'," said another.

Zomato CEO Deepinder Goyal's job offer, demanding ₹20 lakh 'fee' with 'no salary for a year', sparked debate, with many criticising it. "You need to be born really privileged to compete," said one person. "I hope this doesn't set a precedent [for] other companies," said another. Praising it, one person said, "The real altMBA has landed."

Zomato CEO Deepinder Goyal responded to an X user who criticised the job offer for his chief of staff position, for which he's seeking ₹20 lakh fee with no salary for a year. "They'll surely go hungry after the loan for ₹20 lakh," said the man, to which Deepinder replied, "Will let you know how this goes :)."

According to the US Securities and Exchange Commission, conspirators of the alleged $250 million bribery scheme, in which Gautam Adani has been charged, referred privately to Adani with code names "Numero uno" and "the big man". Adani's nephew Sagar Adani allegedly used his cellphone to track specifics about the bribes. They've been charged with bribery to secure solar energy contracts.

Indian Railways is set to introduce over 1,000 general coaches to 370 regular trains by the end of November, which will increase passenger capacity by one lakh passengers daily. Over the next two years, 10,000 non-AC coaches will be added, enhancing travel capacity for eight lakh daily passengers.

Shares of Ambuja Cement and ACC tumbled after billionaire Gautam Adani and other Adani Group leaders were charged in the US for allegedly promising $250 million bribes to Indian government officials. Ambuja Cement dropped around 18% to hit an intraday low of ₹452.90. ACC shares fell around 15% to hit an intraday low of ₹1,867.15.

Shares of Adani Group lenders, including SBI, Bank of Baroda, Bank of India, Central Bank of India, Union Bank of India, REC Limited and IDBI Bank, fell around 4-8% on Thursday. This comes after Chairman Gautam Adani and other senior leaders were charged in US for allegedly promising $250 million in bribes to Indian government officials.

Bitcoin crossed the $95,000-mark for the first time on Thursday. This comes as the cryptocurrency continues to rally since Donald Trump won the US Presidential elections on November 5. It has risen around $20,000 since then. Analysts believe that Bitcoin will hit the $100,000 milestone soon, amid expectations of pro-crypto regulations under Trump administration.

Moody's Ratings termed bribery charges against Gautam Adani a "credit negative" for the conglomerate's companies. "Our main focus when assessing Adani Group is on the ability of the group's companies to access capital to meet their liquidity requirements and on its governance practices," it said. Adani allegedly participated in scheme promising $250-million bribe to Indian government officials.

As Adani Group stocks tumbled after the bribery case in US, Bernstein India head of research Venugopal Garre said the market reaction was for the short-term. Garre added that markets are likely to move past the news within a day or a week. Gautam Adani and others allegedly promised $250-million bribes to Indian government officials for solar energy contracts.

Rajiv Jain-led US-based investment firm GQG Partners said it is reviewing its exposure to Adani Group after billionaire Gautam Adani was charged in US over alleged bribery and fraud. GQG Partners is a significant investor in Adani Group stocks. Adani allegedly participated in a scheme that promised to pay $250-million bribes to Indian government officials to secure solar energy contracts.