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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports
Adani bribery case update: Lawyer seeks dismissal of US c...
Reuters · 2026-06-25 · via Business News Today: Latest Business News, Finance News
The Adani Group has consistently denied wrongdoing.

The Adani Group has consistently denied wrongdoing. | Photo Credit: AMIT DAVE

8

* Adani was charged in ‌2024 ⁠with agreeing to bribe Indian government officials ⁠so a subsidiary of his Adani Group could win approval to develop a solar plant, and then misleading ​U.S. investors by providing ‌reassuring information about his company's anti-corruption practices.

* In a letter to Brooklyn-based U.S. District Judge Nicholas Garaufis, Adani's lawyer, Robert Giuffra, wrote ‌that the case should be dismissed because ​it was beyond the reach of U.S. law and because the prosecutors would ⁠not be able to prove the alleged bribery in India.

* Adani Group has consistently denied ‌wrongdoing.

* Garaufis must sign off on the dismissal of the case.

* Giuffra wrote that the Justice Department's decision to drop the indictment came after "months of detailed and extensive communications and meetings with counsel" for Adani ‌and his co-defendants.

* Giuffra also urged Garaufis to formally ​dismiss civil charges brought by the U.S. Securities and Exchange Commission after the regulator ⁠reached a settlement in which Adani would pay $6 million ⁠and his nephew, Sagar Adani, would pay $12 million.

* Adani Enterprises Limited has ‌separately agreed to pay the U.S. Treasury Department $275 million to settle alleged violations of Iran ​sanctions.

Published on June 25, 2026