Adani Group stocks surged after the US DOJ dropped criminal charges against Gautam Adani and nephew. The group also settled civil sanctions violation allegations with the US Treasury for $275 million, without admitting guilt.
US authorities are closing investigations into Indian billionaire Gautam Adani and his firm. The Treasury Department settled a case for $275 million over Iran sanctions violations, while the DOJ will drop bribery and fraud charges.
US authorities are reportedly closing investigations into Indian billionaire Gautam Adani and his Adani Group. The Treasury Department settled a case for $275 million over Iran sanctions violations, while the DOJ is expected to drop bribery and fraud charges.
Adani Enterprises reported a Q4 net loss of Rs 221 crore versus net profit of Rs 3,845 crore year-ago, with revenue rising 20% to Rs 32,439 crore. The company approved Rs 1.3 per share dividend for FY 2025-26. PAT was impacted by depreciation on Navi Mumbai and copper plant assets. EBITDA grew 3% to Rs 4,479 crore, with core infrastructure and utility now contributing about 80% of total EBITDA.
