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The Chicago Cubs are Rumored to be in on Signing former New York Mets SluggerA look at how some of Trump's picks to lead health agencies could help carry out Kennedy's overhaulSpeaking at the 51st India Gem and Jewellery Awards in Jaipur, the Adani Group Chairman said, "Less than two weeks back, we faced a set of allegations from the US about compliance practices at Adani Green Energy. This is not the first time we have faced such challenges. 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." Published: November 30, 2024 10:40 PM IST By Edited by The Adani Group Chairman, Gautam Adani on Saturday spoke out on the recent allegations faced by him and other executives after being linked to an alleged bribery case in the US, saying that every attack has made the group stronger, and every obstacle becomes a stepping stone for a more resilient Adani Group. Speaking at the 51st India Gem and Jewellery Awards in Jaipur, the Adani Group Chairman said, “Less than two weeks back, we faced a set of allegations from the US about compliance practices at Adani Green Energy. This is not the first time we have faced such challenges. 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.” “The fact is that despite a lot of the vested reporting, no one from the Adani side has been charged with any violation of the FCPA or any conspiracy to obstruct justice,” the Adani Group Chairman added. The Adani Group Chairman also reflected on the consistent allegations made against his companies, including the attempt made by US short seller Hindenburg. “January last year, just as we were getting ready to launch our Follow-on Public Offering. We faced a short-selling attack initiated from abroad. This was not a typical financial strike; it was a double hit–targeting our financial stability and pulling us into a political controversy,” he said. “But even in the face of such adversity, our commitment to our principles remained strong. After successfully raising 20,000 crore rupees from India’s largest-ever FPO, we made the extraordinary decision to return the proceeds. We then further demonstrated our resilience by raising capital from several international sources and proactively reducing our Debt to EBITDA ratio to below 2.5 times, an unmatched metric in the global infrastructure space,” he added. Gautam Adani stated that the company’s all-time record financial results in the same year showcased its commitment to operational excellence. “Our all-time record financial results in the same year showcased our commitment to operational excellence. Not a single Indian or foreign credit rating agency downgraded us. Finally, the Supreme Court of India’s affirmation of our actions validated our approach,” he said. Gautam Adani also mentioned the 2010 controversy when the company made a move to invest in a coal mine in Australia. “The resistance from NGOs was huge and lasted almost a decade. In fact, it was so intense that we ended up funding the entire project of 10 billion dollars with our own equity. While we now have a world class operating mine in Australia and it could be seen as a great sign of our resilience, the fact is that 100% equity funding took away over 30 billion dollars of debt financing from our green energy projects,” he recollected. Gautam Adani further added that he had come to accept that the roadblocks were the price of pioneering. “I have come to accept that the roadblocks we face are the price of pioneering. The more bold your dreams, the more the world will scrutinize you. But it is precisely in that scrutiny that you must find the courage to rise, to challenge the status quo, and to build a path where none exists. To pioneer is to embrace the unknown, to break limits, and to believe in your vision even when the world cannot yet see it,” he asserted. In his speech the Adani Group chairman gave the audience three guiding thoughts, “First, embrace technology and sustainability as the twin pillars of progress.... Second, empower and uplift the skilled workforce at the heart of our transformation.... And finally, the future belongs to our youth. The younger generation brings fresh ideas, unshakeable energy, and a willingness to disrupt the old ways of thinking. We must nurture them.” “Let us create an India where the wisdom of tradition, and the promise of innovation come together to challenge the status quo. And let us move forward with confidence to create a future where India’s gems illuminate the world with their brilliance,” Gautam Adani concluded. For breaking news and live news updates, like us on or follow us on and . Read more on Latest on . Topics

Tweet Facebook Mail Russian President Vladimir Putin has approved a record-breaking defence budget, setting aside a staggering third of the government's total spending as the war in Ukraine drains resources from both sides nearly three years on. The budget for next year, which was published on Sunday, allocates about $US126 billion ($194 billion) to national defence – amounting to 32.5 per cent of government spending. The defence budget is about $43 billion higher than the previous record set this year. READ MORE: Billionaire brings $150,000 grocery giveaway to Sydney Russian President Vladimir Putin has approved a round of record defence spending. (Vladimir Astapkovich, Sputnik, Kremlin Pool Photo via AP) (AP) The new three-year budget forecasts a slight reduction in military spending for 2026 and 2027. Legislators in both houses of the Russian parliament approved the budget. Russia's war in Ukraine is the biggest conflict in Europe since World War II. Moscow is currently making gains at key spots along the front lines and fighting a counteroffensive in Kursk region – the site of Kyiv's only major military success this year. But the slow, grinding war – often called a war of attrition, where both sides are trying to wear down the other – has drained both countries' resources. Ukraine has always been on the back foot when it comes to both material and manpower, though it has received billions of dollars in help from its Western allies, including more than half a billion in new military equipment pledged by Germany on Monday. How much aid will continue to come from the US once president-elect Donald Trump takes office remains to be seen. READ MORE: 'Lost my eyesight': Elton John reveals ongoing sight loss at musical Spending on the Russian armed forces will climb to a third of total government spending. (AP) Meanwhile, Russia has more weapons, more ammunition and more personnel – but the strain on its economy and population is growing. Russia has massively increased its military spending over the past two years and its economy is showing signs of overheating: inflation is running high, and companies are facing labour shortages. Trying to control the situation, the Russian Central Bank raised interest rates to 21 per cent in October, the highest in decades. North Korea recently sent an influx of soldiers to help Russia fight on the front lines. The staggering sums countries spend on defending themselves View Gallery The Ukrainian government said last month that about 11,000 North Korean soldiers were in Kursk. Some of Russia's weaponry is also North Korean, accounting for almost a third of the ballistic missiles fired at Ukraine this year, according to Ukrainian defence officials and CNN's tally of attacks. The North Korean troops may help Russia's efforts for some time – but the material losses could be harder to make up for. DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .49ers attempt to bounce back and boost their postseason chances as they visit Green Bay

Nico Iamaleava throws 4 TD passes to lead No. 10 Tennessee over UTEP 56-0