The Adani Group, led by chairman Gautam Adani, has announced a beneficial partnership with the Gita Press, the largest publisher of Hindu religious texts in India. The Adani Group will be offering free copies of 'Aarti Sangrah' to one crore devotees heading to the Mahakumbh 2025 in Prayagraj. Additionally, they have also joined hands with ISKCON to provide meals, through a system called 'Mahaprasad Seva', to 50 lakh devotees visiting the Kumbh Mela. This initiative is a result of the Adani Group's commitment to their spiritual side and their 'Seva Hi Saadhna Hai' pledge, demonstrating their dedication to helping and serving society.
US President Donald Trump has signed an executive order directing Attorney General Pam Bondi to suspend actions under the Foreign Corrupt Practices Act, claiming it has been "abused" and "harms" US interests. As a result, Adani Group stocks saw a significant increase on Tuesday. The move, which aims to review and establish new enforcement guidelines, has sparked concerns about the implications on US foreign policy.
In a surprising move, President Donald Trump has signed an executive order directing the Department of Justice to pause enforcing the 1977 Foreign Corrupt Practices Act (FCPA), which was at the heart of the bribery investigation against the Adani Group. The move comes amidst growing concerns about the potential impact on American companies and foreign firms from the law's strict provisions. This pause and the upcoming review by the Attorney General is being seen as a relief to the Adani Group, but it remains to be seen what actions the DoJ will take after the six month review period.
Recently, the Competition Commission of India (CCI) has proposed changes to the penalty recovery process, which has sparked public feedback. Tech giant Meta has also appealed against a CCI penalty and will be having a hearing at the NCLAT on January 16th. In addition, the RBI has tightened penalties for payment system violations, while the CCI studies competition in the renewable energy market among BRICS countries. Sebi has also released new guidelines for waiver procedures for penalty interest, but India's digital data protection rules do not impose any penalties. The telecom industry is also facing challenges in recovering investments due to subscriber complaints, and the CCI is seeking more information on a quick commerce complaint. However, the CCI has stated that they are unlikely to probe alleged bribery allegations against the Adani group.
Adani Group chairman Gautam Adani visited the ongoing Maha Kumbh Mela and participated in various activities like offering prayers, cooking and serving Mahaprasad to pilgrims. The industrialist also announced the collaboration between Adani Group and ISKCON to provide free meals to devotees for the entire duration of the Kumbh Mela. This move is seen as a gesture of gratitude towards PM Modi and CM Yogi Adityanath for their management of the religious gathering.
Billionaire businessman Gautam Adani, along with his family, made a special appearance at the ongoing Maha Kumbh Mela in Prayagraj, where they offered prayers at the Triveni Sangam and visited the ISKCON temple camp. Adani, accompanied by his wife and son, also lent a helping hand in cooking the sacred Mahaprasad meals, showcasing his spiritual side. The presence of one of India's most influential businessmen at the world's largest religious gathering has drawn attention and sparked discussions.
At the ongoing Maha Kumbh Mela in India, the Adani Group has captured the devotion and gratitude of thousands of pilgrims by providing services such as free transport, food offerings, and a collection of sacred hymns. Many devotees have expressed their appreciation for the group's efforts, with some calling Adani a true Sanatani for his selfless contributions. The initiative has added a spiritual touch to the Holy Gathering and has left a lasting impact on the lives of countless visitors.
Gautam Adani, chairman of the Adani Group, made an appearance at the Maha Kumbh festival in Prayagraj with his wife and sons. During a media interaction, he announced the wedding date of his youngest son, Jeet Adani. The Adani family was also seen participating in prayers and cooking sacred meals at the ISKCON temple's camp.
Adani Group Chairman Gautam Adani and his wife, Priti Adani, were seen distributing food at the ISKCON camp during the Maha Kumbh Mela in Prayagraj. The initiative, in collaboration with ISKCON, aims to serve meals to over 50 lakh devotees with the support of two kitchens and 2,500 volunteers. A video of the couple serving meals has gone viral on social media, showcasing their involvement in the spiritual event.
The Adani Group, one of India's biggest conglomerates, has brought in top US law firms to assist with civil and criminal charges brought by the Eastern District of New York and the Securities and Exchange Commission (SEC). This is in connection with allegations that the group paid over $250 million in bribes to Indian government officials to secure solar energy contracts. The designated judge overseeing the cases is one of the top firms, Quinn Emanuel, which boasts an impressive track record in business litigation.