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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Adani bribery case update: Lawyer seeks dismissal of US c...
Reuters · 2026-06-25 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
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