(Reuters) -The U.S. Securities and Exchange Commission (SEC) said Indian authorities have not yet acted on its requests to serve summons and complaints to Adani Group executives over alleged securities fraud and a $265 million bribery scheme, a court filing showed on Friday. The case is one of the most high-profile attempts by a U.S. regulator to secure cross-border cooperation from Indian authorities in a matter involving one of that country’s largest conglomerates. The SEC told a New York district cour ...

NEW DELHI/MUMBAI : The Adani Group’s brand-new airport in Navi Mumbai is not even operational but the conglomerate is already going about raising funds for its second terminal, which is expected to start functioning four years from now. The group plans to raise ₹30,000 crore to build the second terminal and has initiated discussions with Indian and Japanese banks as well as the Singapore government’s investment company Temasek. Prime Minister Narendra Modi inaugurated the first terminal of Navi Mumbai Inter ...

Adani’s new Mumbai airport will see its first commercial flight this year, easing pressure on the 80-year-old terminal https://t.co/URwlg2Zaa2 ...

Core Insights - The Competition Commission of India (CCI) has granted in-principle approval for Jindal Power's acquisition of Jaiprakash Associates Ltd (JAL) amid ongoing insolvency proceedings [1][2] - Other companies, including PNC Infratech, Adani Group, and Dalmia Bharat, have also received approval from the CCI for their proposals to acquire JAL [1][2] Company Overview - Jaiprakash Associates Ltd was admitted into the corporate insolvency resolution process (CIRP) due to a default on loan payments, with creditors claiming ₹57,185 crore [4] - The National Asset Reconstruction Company Ltd (NARCL) is the leading claimant after acquiring stressed JAL loans from a consortium of lenders [4] Assets and Operations - JAL has significant real estate projects, including Jaypee Greens in Greater Noida and Jaypee International Sports City, strategically located near the upcoming Jewar International Airport [5] - The company operates four cement plants in Madhya Pradesh and Uttar Pradesh, although these plants are currently non-operational [6] - JAL also has investments in various subsidiaries, including Jaiprakash Power Ventures Ltd and Yamuna Expressway Tolling Ltd [6]

Gautam Adani’s fortune has soared over the last two trading sessions after India’s markets regulator dismissed parts of a high-profile case against his conglomerate https://t.co/27GKeyUMom ...

Adani Group shares add almost $20 billion as rally extends after SEBI dismissed some of Hindenburg's allegations against the conglomerate. Read for free with your email on what could move markets today https://t.co/3kOiAI5X4J ...

Indian conglomerate Adani Group aims to cut its leverage over the next five years and has no plans to issue bonds in international capital markets until 2027 https://t.co/2mBb76DbrH ...

Two years after Hindenburg’s scathing report, SEBI has dismissed some of the allegations against Gautam Adani's conglomerate.@advait_px breaks it down https://t.co/o1lEbrmBOO https://t.co/S2JoJPtw4Y ...

RT Advait Palepu (@advait_px)https://t.co/SrSYcngjSh"India’s market regulator is still investigating some accusations leveled by US short seller Hindenburg Research against the Adani Group...At least three to four cases are still being examined"W/ @dassaikatv ...

India’s market regulator is still investigating some accusations leveled by US short seller Hindenburg Research against the Adani Group https://t.co/yurJEWTty9 ...