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Some respite! Adani Group stocks recover up to 6% day after US charges Gautam Adani - Times of India
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aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/what-is-pan-2-0-project-will-you-have-to-apply-for-a-new-pan-card-with-qr-code/articleshow/115678638.cms" class="keyword" data-ga="click-topSearches-5|https://timesofindia.indiatimes.com/business/india-business/what-is-pan-2-0-project-will-you-have-to-apply-for-a-new-pan-card-with-qr-code/articleshow/115678638.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">What is Pan 2.0</a></span></div></div></div><div style="width:112 px" data-index="-2" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/high-speed-280-kmph-trains-soon-indian-railways-to-manufacture-bullet-trains-check-top-features/articleshow/115756232.cms" class="keyword" data-ga="click-topSearches-6|https://timesofindia.indiatimes.com/business/india-business/high-speed-280-kmph-trains-soon-indian-railways-to-manufacture-bullet-trains-check-top-features/articleshow/115756232.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Bullet Train</a></span></div></div></div><div style="width:118 px" data-index="-1" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/aadhaar-card-update-deadline-to-update-your-aadhaar-details-for-free-is-approaching-heres-what-you-need-to-know/articleshow/115656716.cms" class="keyword" data-ga="click-topSearches-7|https://timesofindia.indiatimes.com/business/india-business/aadhaar-card-update-deadline-to-update-your-aadhaar-details-for-free-is-approaching-heres-what-you-need-to-know/articleshow/115656716.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Aadhar Card Update</a></span></div></div></div><div style="outline:none;width:119 px" data-index="0" class="slick-slide slick-active slick-current" tabindex="-1" aria-hidden="false"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/vodafone-idea-shares-surge-18-after-union-cabinet-approves-bank-guarantee-waiver/articleshow/115691990.cms" class="keyword" data-ga="click-topSearches-1|https://timesofindia.indiatimes.com/business/india-business/vodafone-idea-shares-surge-18-after-union-cabinet-approves-bank-guarantee-waiver/articleshow/115691990.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Vodafone Idea Share</a></span></div></div></div><div style="outline:none;width:117 px" data-index="1" class="slick-slide slick-active" tabindex="-1" aria-hidden="false"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/top-fixed-deposit-rates-these-bank-fds-will-earn-you-up-to-9-return-for-3-year-deposits-check-list/articleshow/115692422.cms" class="keyword" data-ga="click-topSearches-2|https://timesofindia.indiatimes.com/business/india-business/top-fixed-deposit-rates-these-bank-fds-will-earn-you-up-to-9-return-for-3-year-deposits-check-list/articleshow/115692422.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Top Fixed Deposit</a></span></div></div></div><div style="outline:none;width:113 px" data-index="2" class="slick-slide slick-active" tabindex="-1" aria-hidden="false"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/india-q2-gdp-growth-2024-live-updates-indian-economy-gross-domestic-product-data-fy-2024-25-today-latest-news/liveblog/115797306.cms" class="keyword" data-ga="click-topSearches-3|https://timesofindia.indiatimes.com/business/india-business/india-q2-gdp-growth-2024-live-updates-indian-economy-gross-domestic-product-data-fy-2024-25-today-latest-news/liveblog/115797306.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Q2 GDP Growth</a></span></div></div></div><div style="outline:none;width:118 px" data-index="3" class="slick-slide slick-active" tabindex="-1" aria-hidden="false"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/special-vande-bharat-trains-for-kashmir-indian-railways-to-introduce-new-vande-bharat-trains-with-heating-features-check-details/articleshow/115720597.cms" class="keyword" data-ga="click-topSearches-4|https://timesofindia.indiatimes.com/business/india-business/special-vande-bharat-trains-for-kashmir-indian-railways-to-introduce-new-vande-bharat-trains-with-heating-features-check-details/articleshow/115720597.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Vande Bharat Train</a></span></div></div></div><div style="outline:none;width:115 px" data-index="4" class="slick-slide" tabindex="-1" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/what-is-pan-2-0-project-will-you-have-to-apply-for-a-new-pan-card-with-qr-code/articleshow/115678638.cms" class="keyword" data-ga="click-topSearches-5|https://timesofindia.indiatimes.com/business/india-business/what-is-pan-2-0-project-will-you-have-to-apply-for-a-new-pan-card-with-qr-code/articleshow/115678638.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">What is Pan 2.0</a></span></div></div></div><div style="outline:none;width:112 px" data-index="5" class="slick-slide" tabindex="-1" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/high-speed-280-kmph-trains-soon-indian-railways-to-manufacture-bullet-trains-check-top-features/articleshow/115756232.cms" class="keyword" data-ga="click-topSearches-6|https://timesofindia.indiatimes.com/business/india-business/high-speed-280-kmph-trains-soon-indian-railways-to-manufacture-bullet-trains-check-top-features/articleshow/115756232.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Bullet Train</a></span></div></div></div><div style="outline:none;width:118 px" data-index="6" class="slick-slide" tabindex="-1" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/aadhaar-card-update-deadline-to-update-your-aadhaar-details-for-free-is-approaching-heres-what-you-need-to-know/articleshow/115656716.cms" class="keyword" data-ga="click-topSearches-7|https://timesofindia.indiatimes.com/business/india-business/aadhaar-card-update-deadline-to-update-your-aadhaar-details-for-free-is-approaching-heres-what-you-need-to-know/articleshow/115656716.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Aadhar Card Update</a></span></div></div></div><div style="width:119 px" data-index="7" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/vodafone-idea-shares-surge-18-after-union-cabinet-approves-bank-guarantee-waiver/articleshow/115691990.cms" class="keyword" data-ga="click-topSearches-1|https://timesofindia.indiatimes.com/business/india-business/vodafone-idea-shares-surge-18-after-union-cabinet-approves-bank-guarantee-waiver/articleshow/115691990.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Vodafone Idea Share</a></span></div></div></div><div style="width:117 px" data-index="8" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/top-fixed-deposit-rates-these-bank-fds-will-earn-you-up-to-9-return-for-3-year-deposits-check-list/articleshow/115692422.cms" class="keyword" data-ga="click-topSearches-2|https://timesofindia.indiatimes.com/business/india-business/top-fixed-deposit-rates-these-bank-fds-will-earn-you-up-to-9-return-for-3-year-deposits-check-list/articleshow/115692422.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Top Fixed Deposit</a></span></div></div></div><div style="width:113 px" data-index="9" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/india-q2-gdp-growth-2024-live-updates-indian-economy-gross-domestic-product-data-fy-2024-25-today-latest-news/liveblog/115797306.cms" class="keyword" data-ga="click-topSearches-3|https://timesofindia.indiatimes.com/business/india-business/india-q2-gdp-growth-2024-live-updates-indian-economy-gross-domestic-product-data-fy-2024-25-today-latest-news/liveblog/115797306.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Q2 GDP Growth</a></span></div></div></div><div style="width:118 px" data-index="10" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/special-vande-bharat-trains-for-kashmir-indian-railways-to-introduce-new-vande-bharat-trains-with-heating-features-check-details/articleshow/115720597.cms" class="keyword" data-ga="click-topSearches-4|https://timesofindia.indiatimes.com/business/india-business/special-vande-bharat-trains-for-kashmir-indian-railways-to-introduce-new-vande-bharat-trains-with-heating-features-check-details/articleshow/115720597.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Vande Bharat Train</a></span></div></div></div><div style="width:115 px" data-index="11" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a href="https://timesofindia.indiatimes.com/business/india-business/what-is-pan-2-0-project-will-you-have-to-apply-for-a-new-pan-card-with-qr-code/articleshow/115678638.cms" class="keyword" data-ga="click-topSearches-5|https://timesofindia.indiatimes.com/business/india-business/what-is-pan-2-0-project-will-you-have-to-apply-for-a-new-pan-card-with-qr-code/articleshow/115678638.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">What is Pan 2.0</a></span></div></div></div><div style="width:112 px" data-index="12" tabindex="-1" class="slick-slide slick-cloned" aria-hidden="true"><div><div class="c5HdF" style="width:100%;display:inline-block" tabindex="-1"><span class="FANDV"><a 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data-ga="click-topSearches-7|https://timesofindia.indiatimes.com/business/india-business/aadhaar-card-update-deadline-to-update-your-aadhaar-details-for-free-is-approaching-heres-what-you-need-to-know/articleshow/115656716.cms" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1">Aadhar Card Update</a></span></div></div></div></div></div><button data-role="none" class="undefined undefined slick-arrow slick-next" style="display:block" currentSlide="0" slideCount="7" aria-label="right align"></button></div></div></div><div class="pZFl7"><div data-type="in_view" class=" "><h1 class="HNMDR" data-ua-type="1" onclick="stpPgtnAndPrvntDefault(event)"><span>Some respite! Adani Group stocks recover up to 6% day after US charges Gautam Adani</span></h1></div><div class="t8vf3 byline_action"><div class="xf8Pm byline"><a href="https://timesofindia.indiatimes.com/toireporter/author-TOI-Business-Desk-479263446.cms" commonState="[object Object]" rel="noopener" frmappuse="1">TOI Business Desk</a> / TIMESOFINDIA.COM / <span>Updated: Nov 22, 2024, 12:05 IST</span></div><div class="eg6hg" data-socialshare="115550531"><div class="okf2Z"><div class="nSsMM "><div class="CfcTh icon_share_wrap"><div class="LaAfQ"><i class="ZvS34 "></i><span>Share</span></div></div><a href="/articleshowprint/115550531.cms" class="p4Wx3" rel="noopener" title="print article" data-ga="WEB-articleshowv2|click|atf_print" ga4Data="[object Object]" commonState="[object Object]" frmappuse="1"></a><div class="MRCIT "><span>AA</span><div class="s9FOM"><button type="button" class="lTLxG">+</button><strong>Text Size</strong><ul><li class="" data-ga="WEB-articleshowv2|click|atfSize_small">Small</li><li class="gfVb7" data-ga="WEB-articleshowv2|click|atfSize_medium">Medium</li><li class="" data-ga="WEB-articleshowv2|click|atfSize_large">Large</li></ul></div></div></div><div class="undefined V5EgZ"><a href="https://news.google.com/publications/CAAqBwgKMM6y_Qowwu70Ag" target="_blank" rel="noopener noreferrer" commonState="[object Object]" frmappuse="1">Follow us <i></i></a></div></div></div></div></div><div class="clearfix"></div><div class="JuyWl CpKyX"><div class="vSlIC "><div class="heightCalc"><div class="art_synopsis"><div data-type="in_view" class=" "><div class="tCKCr id-r-synopsis"><div class="faiOF"><div class="WEwSo"><div class="M1rHh undefined" data-ua-type="1" onclick="stpPgtnAndPrvntDefault(event)">Adani Group stocks saw a midday surge on Friday, recovering from previous declines. This comes even as Kenyan President William Ruto's cancellation of a major airport expansion and power transmission project involving Adani, citing new information. The decision comes amidst bribery allegations against Adani by U.S. prosecutors, claims the company denies.</div></div></div></div></div></div><div data-articlebody="1" class="fewcent-115550531 js_tbl_article"><div class="_s30J clearfix "><div class="MwN2O"> <div class="T22zO"><section class="D3Wk1 clearfix id-r-component leadmedia undefined undefined VtlfQ" style="top:0px"><div class="D3Wk1" data-ua-type="1" onclick="stpPgtnAndPrvntDefault(event)"><div class="zPaFh"><div class="wJnIp"><img src="https://static.toiimg.com/thumb/msid-115550616,imgsize-106510,width-400,resizemode-4/115550616.jpg" alt="Some respite! Adani Group stocks recover up to 6% day after US charges Gautam Adani" title="Adani Group has rejected accusations as "baseless", whilst Indian government officials have remained silent on the matter." decoding="async" fetchpriority="high"/></div></div></div><div class="cj2hz img_cptn"><span title="Adani Group has rejected accusations as "baseless", whilst Indian government officials have remained silent on the matter.">Adani Group has rejected accusations as "baseless", whilst Indian government officials have remained silent on the matter.</span><div></div></div></section></div> </div>Adani Group stocks latest news<!-- -->: Adani Group stocks recovered from their initial declines, rising up to 6% during midday trading on Friday. The most significant increase was seen in Ambuja Cement at 6%, whilst ACC advanced by approximately 4%. The flagship company, <a href="https://timesofindia.indiatimes.com/topic/adani-group" styleObj="[object Object]" class="" commonState="[object Object]" frmappuse="1">Adani Enterprises</a>, registered a 2.5% uptick. Additional Adani holdings, including Adani Green Energy, <!-- -->Adani Ports<!-- -->, <!-- -->Adani Power<!-- -->, Adani Total Gas, and Adani Wilmar, increased between 1% and 2%. <!-- -->Adani Energy Solutions<!-- --> remained down by nearly 3%.<br/>The session's earlier trading showed Adani Group shares continuing their downward trend for a second straight day. Adani Enterprises dropped 7%, touching a 52-week low of Rs 2,030, whilst Adani Ports declined 5.3%, reaching Rs 1,055.40 on the BSE.<br/>Additional group companies, including Adani Power, Adani Energy Solutions, Adani Total Gas, and Adani Wilmar, declined between 2.6% and 5%. Adani Green Energy experienced a significant fall of 11%, reaching Rs 1,020.85. Simultaneously, ACC and Ambuja shares traded steady with slight positive movement.<br/>In a separate development, Kenyan President William Ruto cancelled the procurement process for the country's main airport expansion, which included an Adani Group proposal.<br/><div data-type="in_view" class=" "><div class="js_tbl_2ad"></div><div class="mgid_second_mrec_parent"><div id="taboola-mid-article-thumbnails-115550531" class="wdt-taboola" data-target_type="mix" data-mode="thumbnails-mid" data-placement="Mid Article Thumbnails 1" data-pagetype="article" style="max-height:415px;overflow:hidden" data-ua-type="2" onclick="stpPgtn(event)"></div></div></div>Additionally, he ordered the termination of a $700 million-plus agreement with an Adani Group subsidiary for power transmission line construction.<br/>"I have directed agencies within the ministry of transport and within the ministry of energy and petroleum to immediately cancel the ongoing procurement," Ruto said in his state of the nation address, attributing the decision to "new information provided by investigative agencies and partner nations".<div class="mgid_country_osv_parent"><div id="ad_6e9c4-osv-mrec-115550531" class="adInv undefined" data-ua-type="2" onclick="stpPgtn(event)"></div></div><br/>This development follows U.S. prosecutors' indictment of Adani for allegedly collaborating with former New York-listed company executives in a $265 million bribery scheme targeting Indian officials to enhance their solar energy operations.<br/>The Adani Group rejected these claims as "baseless", whilst Indian government representatives have remained silent on the matter.<br/>In October, Adani Energy Solutions entered into a 30-year, $736 million public-private partnership agreement with the Kenya Electrical Transmission Company, which was subsequently suspended by court order that month.<br/></div><div class="js_tbl_readmore_btn" data-ua-type="1" onclick="stpPgtn(event)"></div></div><div class="authorComment js_tblreadmore_hide"><div class="OtxlN" id="auhtor_widget"><div class="f2VrG"><div class="Mn6kH"><div data-pos="0" class="id-r-component QbQNS undefined "><div><img alt="author" msid="" width="" title="" placeholdersrc="https://static.toiimg.com/photo/83033472.cms" imgsize="23456" resizemode="4" offsetvertical="0" placeholdermsid="" type="thumb" src="https://static.toiimg.com/photo/83033472.cms" class="" data-src="https://static.toiimg.com/photo/63379366.cms" data-api-prerender="true"/></div></div></div><div class="kgcOp"><div><h5>About the Author</h5><a href="https://timesofindia.indiatimes.com/toireporter/author-TOI-Business-Desk-479263446.cms" class="mMwSH" commonState="[object Object]" frmappuse="1">TOI Business Desk</a></div></div></div><div id="author_desc" class="GE1a7 oJgW0 "><p>The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.<button class="Wcsek">Read More</button></p></div></div><div data-type="in_view" class=" "><div class=""><div class="ge4Md " style="min-height:75px"><div data-type="in_view" class="loadable-inview "><div><span class="UzraQ null"><span class="aQKeu loadeblecomponentloader"></span></span></div></div></div></div></div></div><div class="mj2wg"><span class="YdEiy">End of Article</span></div><div class="_MxBD"><div id="taboola-below-article-thumbnails-115550531" class="wdt-taboola" data-target_type="mix" data-mode="thumbnails-below" data-placement="Below Article Thumbnails 1" data-pagetype="article" data-ua-type="2" onclick="stpPgtn(event)"></div></div><div class="XAt75" data-bottomsocialshare="115550531"><span class="hY_wX">FOLLOW US ON SOCIAL MEDIA</span><div class="ge4Md " 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Adani Group stocks recover up to 6% day after US charges Gautam Adani","url":"https://timesofindia.indiatimes.com/business/india-business/no-respite-adani-group-stocks-plunge-up-to-11-as-kenya-cancels-deals-after-us-charges-against-gautam-adani/articleshow/115550531.cms"}</script><script type="application/ld+json">{"@context":"https://schema.org","articleBody":"Adani Group stocks latest news: Adani Group stocks recovered from their initial declines, rising up to 6% during midday trading on Friday. The most significant increase was seen in Ambuja Cement at 6%, whilst ACC advanced by approximately 4%. The flagship company, Adani Enterprises, registered a 2.5% uptick. Additional Adani holdings, including Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas, and Adani Wilmar, increased between 1% and 2%. Adani Energy Solutions remained down by nearly 3%.The session's earlier trading showed Adani Group shares continuing their downward trend for a second straight day. Adani Enterprises dropped 7%, touching a 52-week low of Rs 2,030, whilst Adani Ports declined 5.3%, reaching Rs 1,055.40 on the BSE.Additional group companies, including Adani Power, Adani Energy Solutions, Adani Total Gas, and Adani Wilmar, declined between 2.6% and 5%. Adani Green Energy experienced a significant fall of 11%, reaching Rs 1,020.85. Simultaneously, ACC and Ambuja shares traded steady with slight positive movement.In a separate development, Kenyan President William Ruto cancelled the procurement process for the country's main airport expansion, which included an Adani Group proposal.Additionally, he ordered the termination of a $700 million-plus agreement with an Adani Group subsidiary for power transmission line construction.\"I have directed agencies within the ministry of transport and within the ministry of energy and petroleum to immediately cancel the ongoing procurement,\" Ruto said in his state of the nation address, attributing the decision to \"new information provided by investigative agencies and partner nations\".This development follows U.S. prosecutors' indictment of Adani for allegedly collaborating with former New York-listed company executives in a $265 million bribery scheme targeting Indian officials to enhance their solar energy operations.The Adani Group rejected these claims as \"baseless\", whilst Indian government representatives have remained silent on the matter.In October, Adani Energy Solutions entered into a 30-year, $736 million public-private partnership agreement with the Kenya Electrical Transmission Company, which was subsequently suspended by court order that month.","@type":"NewsArticle","mainEntityOfPage":"https://timesofindia.indiatimes.com/business/india-business/no-respite-adani-group-stocks-plunge-up-to-11-as-kenya-cancels-deals-after-us-charges-against-gautam-adani/articleshow/115550531.cms","inLanguage":"en","headline":"Some respite! Adani Group stocks recover up to 6% day after US charges Gautam Adani","keywords":"Business news,Gautam Adani,adani stocks,adani power,adani ports,adani group stocks latest news,adani group stocks,Adani Group,adani enterprises,adani energy solutions","url":"https://timesofindia.indiatimes.com/business/india-business/no-respite-adani-group-stocks-plunge-up-to-11-as-kenya-cancels-deals-after-us-charges-against-gautam-adani/articleshow/115550531.cms","datePublished":"2024-11-22T09:36:00+05:30","dateModified":"2024-11-22T12:05:00+05:30","description":"India Business News: Adani Group stocks saw a midday surge on Friday, recovering from previous declines. 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