Adani vs US regulators | Adani’s big legal win in US
The closure of three high-profile cases will be a major boost for the Adani Group after the storms of the past year
Gautam Adani is the chairman and founder of the Adani Group, a multinational conglomerate. He is an Indian businessman, a first-generation entrepreneur and one of the richest people in the world. Gautam Adani was born on June 24, 1962, in Ahmedabad, Gujarat and he has seven siblings.
At the age of 18, Gautam Adani went to Mumbai and worked as a diamond sorter for the Mahindra brothers. He continued doing it for two years before establishing his own diamond brokerage business.
Gautam Adani established Adani Exports, now known as Adani Enterprises in 1988. Gautam Adani gained massive benefits from the Indian liberalization and economic reforms of 1991. It led to immense growth in his company’s revenue, enabling him to expand his businesses. The government of Gujarat, in 1994, announced managerial outsourcing of the Mundra Port and in 1995, Gautam Adani bagged the contract for his company.
Gautam Adani is also the owner and president of the diversified conglomerate, Adani Foundation. It was founded in 1996 and is funded through the Adani Group. In the same, year Gautam Adani founded Adani power, the power-business arm of the Adani Group.
Ten years later, in 2006, he entered the power generation business, and from 2009 to 2012, Gautam Adani acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland.
Gautam Adani has also contributed Rs 100 crore to the PM Cares Fund through his group's philanthropy arm in 2020 to fight the Coronavirus outbreak. He also contributed Rs 5 crore to the Gujarat CM Relief Fund and Rs 1 crore to the Maharashtra CM Relief Fund.
Gautam Adani is married to Priti Adani. They have two sons, Karan Adani and Jeet Adani.
The closure of three high-profile cases will be a major boost for the Adani Group after the storms of the past year
Adani Group shares climbed in morning trade after the US moved to drop charges against Gautam Adani and his associates. The move, along with the LPG settlement, eased regulatory uncertainty and lifted investor confidence.
The move is being seen as the latest example of the Trump administration stepping away from high-profile prosecutions initiated during former President Joe Biden’s administration.
Together, the Adani Centre for Eye (ACE) and Adani Training in Ophthalmic Medicine (ATOM) will create an ecosystem that will be capable of performing 3.3 lakh eye surgeries annually and training 1,000 eye care professionals every year.
The US Justice Department is reportedly set to drop criminal fraud and bribery charges against Gautam Adani linked to an alleged $265 million corruption scheme tied to India’s largest solar power project, according to a Bloomberg report.
The latest ranking places Gautam Adani at the top spot in Asia, with Mukesh Ambani now in second place. Both remain among the top 25 richest people globally, even as their wealth levels have seen changes this year.
In a pre-motion letter filed ahead of a planned April 30 motion seeking dismissal of the lawsuit, Adanis through their lawyers said the SEC's claims over a 2021 bond sale by the group's renewable energy arm, Adani Green Energy Ltd (AGEL) are legally flawed on multiple grounds.
Mukesh Ambani continues to hold the title of India’s richest person and also remains Asia’s wealthiest individual. His total wealth rose by about 9% over the past year to reach Rs 9.8 lakh crore.
Though New York City mayor-elect Zohran Mamdani champions socialist politics in New York, his surname traces back to the same Gujarati roots as that of corporates Mukesh Ambani and Gautam Adani. Across the seas and centuries, these family names tell a story of commerce, migration and shared histories.
Indian-American tech mogul Nikesh Arora’s daughter, Ayesha Arora, is set to marry Jack Hughes in a traditional Hindu ceremony in Jodhpur. The high-profile guest list included Gautam Adani, the Ambani family, US officials and others.
Rahul Gandhi has challenged Prime Minister Narendra Modi to scrap the India-US interim trade deal, accusing him of secretly visiting Israel amid the controversy.
The towers of Mumbai have seen kilometres of expanse of Dharavi's asbestos and tin roofs for decades. Most pity the slums as a place that is deprived of the basics, while others romanticise them. As Asia's largest shanty town stands at the cusp of a major overhaul, it's humming with enterprise. Beyond the filth, Dharavi runs businesses that generate a billion dollars a year.
The $100 billion direct investment is expected to catalyse an additional $150 billion across related sectors over the next decade. These include server manufacturing, advanced electrical infrastructure, sovereign cloud platforms, and semiconductor and compute ecosystems.
With Gautam Adani and Sagar Adani accepting service, the US civil fraud case will move ahead in New York, giving the businessmen 90 days to respond to allegations of misleading investors.
According to the Bloomberg Billionaires Index, Mukesh Ambani was the biggest wealth gainer among Indian billionaires in 2025. Ambani added $16.50 billion to his net worth during the year.
Here is this week's Glasshouse
Jeet Adani, Gautam Adani’s younger son and a director at Adani Airports, said the experience gained in ports and logistics helped the group enter aviation with confidence.
While speaking to India Today, Adani said that aviation is a fragile system in which even small issues can quickly escalate into major problems.
Jeet Adani said the new airport will unlock long-term growth and improve global connectivity for the city.
Rahul Gandhi and industrialist Gautam Adani, who has been at the Congress MP's crosshairs, came face-to-face during Sharad Pawar's birthday bash. However, it was ensured that no photos of the encounter became public.
Leader of Opposition Rahul Gandhi issued a video rebuttal to Prime Minister Narendra Modi following the Prime Minister's criticism of Youth Congress protests at the AI Global Summit.
We decode what the Adani Group's $100 billion announcement really means for India's AI future.
Leader of Opposition Rahul Gandhi, who finally spoke in Lok Sabha on Wednesday, launched his most direct and scathing attack on the Modi government, accusing the centre of selling national interest to the United States in the trade deal.
Leader of Opposition Rahul Gandhi on Wednesday launched a blistering attack on the government over the India-US trade deal. Rahul Gandhi alleged that the government has "sold Bharat Mata" through the India-US interim trade deal.
As the showdown between the government and the opposition continued for a second day on Tuesday, eight Opposition MPs were suspended from the Lok Sabha for 'unruly behaviour' after they tore papers and threw them at the Chair.
On this Special Report, the focus is on the shifting political landscape of Maharashtra following the reported death of Ajit Pawar. An Unidentified speaker analyzes the potential merger of the Nationalist Congress Party (NCP) factions and the leadership vacuum left behind. The speaker notes, 'I think is the only person who has the stature to bring together the NCP on one platform.' The discussion highlights the central role of the Bharatiya Janata Party (BJP) in determining the next Deputy Chief Minister and the future of the Mahayuti alliance. The programme explores whether Sunetra Pawar or other senior leaders like Chhagan Bhujbal will step up, while emphasizing that the BJP, led by Devendra Fadnavis and Amit Shah, remains the dominant force controlling the state's political narrative. The Unidentified speaker also reflects on previous failed unity attempts between Sharad Pawar and the NDA, suggesting the NCP now faces a battle for its own relevance.
This special report covers a volatile 'freaky Friday' in the Indian markets where the Nifty 50 slipped towards the 25,000 mark and the rupee hit a historic low of 91.95 against the US dollar. The program highlights a massive ₹1.5 lakh crore wipeout in Adani Group stocks following reports of US SEC summons. On the sidelines of the World Economic Forum in Davos 2026, global economists and Indian business leaders discussed the 'high levels of uncertainty and volatility' expected in the coming year. The report features insights from top bankers and IT leaders on the transformative power of AI and the challenges posed by global trade tariffs. Additionally, the show covers the political fallout in India, with Rahul Gandhi criticizing the government over a 'dead economy' and job losses linked to international tariff pressures. As Davos concludes, the focus shifts to the upcoming Union Budget 2026 and its potential impact on domestic recovery.
A political firestorm has erupted in Mumbai, with the Adani Group at its epicentre. During a rally, Raj Thackeray accused the BJP of enabling land grabs to benefit the corporate giant, particularly concerning the Brihanmumbai Municipal Corporation (BMC). The BJP swiftly retaliated, releasing pictures of Thackeray meeting with the industrialist and alleging his associations with other figures. Amid the political back-and-forth, one commentator noted, 'But in this country, even if there are so many industrialists, I don't want to show the world that there is so much mercy on one person.' The allegations have turned the Adani connection into a significant flashpoint in the ongoing political battle for Mumbai.
In this Special Report, India Today’s Sahil Joshi analyses the potential reunification of the NCP factions following Ajit Pawar’s visit to Delhi for Sharad Pawar’s 85th birthday. The discussion, hosted by Rajdeep Sardesai, explores the political implications of this meeting and the joint appearance of the Pawar family with industrialist Gautam Adani. Aneesh Gawande, spokesperson for NCP (SP), admits that the factions are ‘ideologically aligned’ against the BJP, hinting at local alliances in Pune and Pimpri-Chinchwad. Meanwhile, Avinash Adik of the Ajit Pawar faction defends local adjustments, stating, ‘We are a secular party.’ The report questions if these moves signal a shift ahead of the 2029 elections.
In this report by India Today’s Omkar Wable, the focus is on the significant political reunion of the Pawar family in Maharashtra. Deputy Chief Minister Ajit Pawar has announced that his faction and Sharad Pawar’s NCP (SP) will contest the Pimpri-Chinchwad Municipal Corporation elections together. Omkar Wable highlights Ajit Pawar’s statement that 'the clock and the tutari have reunited' after a two-year split. The report also notes that the alliance was finalized around the time industrialist Gautam Adani visited Baramati for an AI institute inauguration. Wable mentions that while the reunion is set for Pimpri-Chinchwad, a similar formula may apply to the Pune Municipal Corporation polls, despite concerns over election symbols.
In a scathing attack on the Centre, Leader of Opposition Rahul Gandhi criticizes the proposed 'G. Ramji Bill' (Viksit Bharat Guarantee for Rozgar and Ajeevika Mission), which aims to replace MGNREGA. Citing Congress President Mallikarjun Kharge’s observation that 16 countries appreciated India's rights-based development model, Gandhi alleges Prime Minister Narendra Modi has 'destroyed' this legacy 'single-handedly' without cabinet consultation. He terms the bill a 'devastating attack' on states' rights, infrastructure, and the democratic structure of panchayats. Gandhi further claims the move is designed to 'take money away from poor people' and benefit industrialists like Gautam Adani, comparing the decision's impact to demonetization.
In a scathing attack on the Modi government from Berlin, Leader of Opposition Rahul Gandhi alleged that the BJP is proposing the 'elimination of the Indian Constitution'. Speaking at the Hertie School, Gandhi claimed that Prime Minister Narendra Modi's vision is creating divisions and that the Opposition is fighting 'captured institutions' rather than just a political party. He also criticised the government's economic policies, stating that demonetisation 'systematically destroyed' small and medium industries to favour a duopoly of 'Ambani and Adani'. India Today's Rahul Gautam reports on the potential political confrontation.
On this Special Report, Jeet Adani, Director of Adani Airports Holdings Ltd, speaks exclusively to India Today on 'Jab We Met'. He details the massive engineering challenge behind the Navi Mumbai International Airport, stating, 'We had to manufacture the site and then build the airport on it.' Adani emphasizes the project's strategic importance as a 'growth unlock' for India and outlines its sustainability measures, including mangrove protection and green energy goals. He also shares personal insights on his father, Gautam Adani, and the family's work ethic.
In this exclusive interview, Jeet Adani, Director of Adani Airports, discusses the strategic significance of the new Navi Mumbai International Airport. Speaking to Maria Shakil, Adani highlights the massive engineering challenge of 'moving mountains' to build the airport and the group's commitment to sustainability, aiming for 100% green energy within three to five years. He explains how the project unlocks growth for Mumbai by resolving the city's long-standing connectivity limitations. Adani also reflects on the 'indomitable spirit' of his father, Gautam Adani, a quality he seeks to emulate in his own leadership. The conversation covers the airport's future-proof infrastructure, including plans for EV tolls and seamless multi-modal transport connectivity.
In an exclusive interview with India Today, Jeet Adani, Director – Airports, Adani Airports Holdings Ltd (AAHL), said the upcoming Navi Mumbai International Airport (NMIA) will unlock long-term growth and improve global connectivity for the city.
In his first-ever television interview, Pranav Adani, Managing Director of Adani Enterprises, spoke to Aaj Tak about the Group's vision for 2026 and beyond. He highlighted the 'optimism' surrounding India's journey towards a $5 trillion and eventually a $10 trillion economy, emphasising the critical role of infrastructure.
In this Special Report, Telangana Minister for Roads & Buildings Komatireddy Venkat Reddy strongly criticises IndiGo for recent flight cancellations, calling it a 'failure of management' and 'negligence'. Speaking during the Telangana Rising Global Summit 2025, Reddy highlights the plight of stranded passengers and demands immediate corrective action from the airline and the Centre. He also details Telangana’s massive infrastructure push, including the ₹36,000 crore Regional Ring Road and the development of a 'Future City' near the airport. The Minister outlines the state's vision for a $3 trillion economy by 2047 and confirms plans to meet the Prime Minister to seek grants for the Metro rail expansion.
Congress leader Rahul Gandhi has dropped another vote chori charge on the Election Commission, claiming centralised software used to delete voters in Karnataka's Aland assembly segment ahead of the 2023 polls.
The big talking point of this edition of News Today is US President Donald Trump's decision to impose an additional 25% tariff on India, raising the total to 50%, over its oil imports from Russia.
US President Donald Trump on Wednesday announced an extra 25 per cent trade tariff on India for purchasing oil from Russia, taking the total levy to 50 per cent.