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Indian billionaire Gautam Adani on Saturday said "attacks" on his company made it "stronger", days after US prosecutors accused him and other officials of fraud. The November 20 bombshell indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a multi-million-dollar bribery scheme. Addressing the allegations for the first time, the 62-year-old tycoon said his conglomerate was committed to "world-class regulatory compliance". "What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group," he said at an awards ceremony in the northern Indian city of Jaipur. Adani is suspected of having participated in a $250 million scheme to bribe Indian officials for lucrative solar energy supply contracts. The billionaire, however, said nobody from his company had been charged with any violation of corruption laws or "any conspiracy to obstruct justice". The US Justice Department said Adani, his nephew Sagar Adani, and one other official were charged "with conspiracies to commit securities and wire fraud and substantive securities fraud". Five others were charged "with conspiracy to violate the Foreign Corrupt Practices Act," the department said. On Thursday, Adani's company said it had suffered a loss of nearly $55 billion in market capitalisation across its 11 listed companies since the US indictment was filed. With a business empire spanning coal, airports, cement and media, Adani Group has weathered previous corporate fraud allegations, suffering a similar stock rout last year. The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud. Adani is a close ally of Hindu nationalist Prime Minister Narendra Modi and was at one point the world's second-richest man, and critics have long accused him of improperly benefitting from their relationship. ash/ahawinner 777 casino login 。

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Israel's Pulse can fire rockets and precision-attack missiles. Published: November 23, 2024 9:06 PM IST By Edited by Israel has achieved great success in the midst of the Gaza and Lebanon wars. Israeli defence company Elbit Systems Ltd has announced that it has received an order worth $ 335 million from an unnamed European country. Israeli defence company Elbit Systems Ltd is going to supply state-of-the-art rocket launcher Pulse and Hermès 900 killer drones. This is the same Hermès 900 drone that the Israeli army is using to wreak havoc from Gaza to Lebanon. With the help of this drone and rocket, this European country will be able to increase its defence capability manifold. At the same time, India’s arms manufacturer Adani Defense is also going to benefit from this multi-million-dollar deal. Israel’s Pulse, similar to India’s Pinaka, is a low-cost system that can fire everything from rockets to precision-attack missiles. At the same time, talking about Hermès 900, it is the largest drone of the Elbit company. This killer drone can fly at medium altitude for long distances. This drone is equipped with the capability to spy, monitor, and destroy targets from land to sea. Hermès 900 drones to be made in India About 20 countries of the world, including India, use Hermes 900 drones. “With these arms deals, we are proud to support our European customer, which is effective and can be used anywhere,” Elbit CEO Bezhalel Machlis said in a statement. He said the Hermès 900 drone is designed to meet a variety of mission needs. This Hermès 900 drone deal between Israel and the European country is going to benefit India too as Indian company Adani Defence Systems and Technologies Limited will manufacture these drones in Hyderabad and from there they will be exported to the European country. With this latest deal, India’s role in the global arms market is going to increase significantly. What makes Hermès 900 so special Adani Defence is making this drone in India in collaboration with Elbit. This drone has been handed over to the Indian armed forces and Israel has also taken this drone from India amid the Gaza war. Not only this, many parts of Hermes 900 drones will also be purchased from other companies present in India, which is also going to benefit them. Hermès 900 drone specializes in capturing high quality pictures which is a big advantage for this UAV. The Hermès 900 drone can stay in the air for about 30 hours and can fly at an altitude of about 30 thousand feet. It weighs 970 kg and can carry 300 kg of payload. It has many types of sensors that also identify the fleeing target. For breaking news and live news updates, like us on or follow us on and . Read more on Latest on . Topics

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