Adani Group stocks rose up to 3% after US Department of Justice dropped all criminal charges against Indian billionaire Gautam Adani and his nephew Sagar Adani, concluding a 19-month legal battle. This development, alongside a $275 million settlement with the US Treasury for sanctions violations, lifts uncertainty over the Adani Group's expansion plans. The group had faced allegations of bribery and fraud linked to solar power contracts.

The government signed the agreements with NTPC, Adani Power, Reliance Industries and Lalitpur Power Generation Company to generate 25,400 MW of power for the State and create 1,23,500 jobs.

Reliance, Adani, NTPC and Bajaj Group outline a ₹6.5 lakh crore investment plan that would create nuclear capacity nearly three times India’s current operational fleet of about 8,800 MW operational nuclear power generation capacity.

Adani was accused of bribing Indian officials and misleading US investors to secure a solar power plant project in India.