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Business

Adani bribery case: US court orders joint trial of criminal, civil cases

A US court has combined three cases against industrialist Gautam Adani into a joint trial, citing similar allegations and transactions. The charges involve the payment of USD 265 million (approximately Rs 2,029 crore) in bribes to secure solar energy contracts with state electricity distribution companies.


Rs 716.58 crore worth of alcohol sold between December 28-31 in Karnataka

Karnataka experienced a surge in liquor sales, with a total of Rs 716.58 crore worth of alcohol sold between December 28 and the afternoon of December 31, according to data from the Federation of Wine Merchants Association Karnataka.


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Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business setbacks

Reliance CMD Mukesh Ambani and Adani Group chairman Gautam Adani, two of Asia's wealthiest individuals and India's richest billionaires, have both left Bloomberg's $100 billion club for the year due to various business challenges.

 

Equity investors become richer by Rs 15.18 lakh crore in five days of market rally

New Delhi: Investors' wealth surged Rs 15.18 lakh crore in five days of market rally that took the BSE benchmark Sensex up over 3 per cent.

 

FSSAI reclassifies packaged drinking water as high-risk food category

The Food Safety and Standards Authority of India (FSSAI) has reclassified packaged drinking water and mineral water as a high-risk food category, enforcing stricter regulatory measures to ensure safety and quality.

Committed to compliances, every attack makes us stronger: Gautam Adani

Coming out in public for the first time after recent allegations and his indictment in the US, Adani group chairman Gautam Adani on Saturday said his conglomerate was committed to compliances and "every attack makes us stronger".

 

Essar Group co-founder Shashi Ruia dies at 80

Essar Group co-founder Shashi Ruia has died after a prolonged illness. He was 80.

France's TotalEnergies says no new investment in Adani till bribe charges cleared

New Delhi: French energy giant TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges.

 

Pizza Hut China debuts unusual bullfrog pizza, sparking mixed reactions online

Pizza Hut China has taken a bold step into culinary experimentation by introducing a limited-edition pizza topped with deep-fried bullfrog, a move that has garnered both curiosity and criticism online. The unconventional dish was first highlighted by global food trend expert David Henke, who shared a photo of the new menu item on X (formerly Twitter), noting the diverse protein preferences in different cultures.

Majority of Adani group stocks trade lower for 2nd day; Adani Green tumbles 11 pc

Shares of eight of the ten listed Adani group firms were trading lower during the morning trade on Friday after billionaire Gautam Adani was charged by US prosecutors for allegedly being part of a scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani Green Energy dropped 10.95 per cent and Adani Energy Solutions tumbled 8.57 per cent to hit the 52-week low of Rs 637.85 on the BSE.

 

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