Brief by Shorts91 Newsdesk / 07:03am on 24 Jun 2025,Tuesday Business
At the 2025 Adani AGM, Chairman Gautam Adani denied all US bribery allegations, asserting that no group member violated the Foreign Corrupt Practices Act or obstructed justice. He honored the Indian armed forces and remembered the recent Air India crash. Adani revealed plans for a record $15–20 billion annual capital expenditure over five years to boost infrastructure. Meanwhile, Adani Airports Holdings confirmed securing $1 billion in project financing for Mumbai International Airport. Adani Enterprises posted a 752% YoY profit surge in Q4 FY25, driven by a one-time gain. Shares of all Adani firms were trading higher ahead of the AGM. (PC: India Today)
