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India, Adani Group
Major fallout for India's Adani Group after U.S. bribery indictment
Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company,
Adani Bribery Fallout: Cancellations and Dropped Investments
Internationally, the crisis has led to significant setbacks for Adani’s global operations. Kenyan President William Ruto recently canceled a procurement process that was set to award control of Kenya’s main airport to Adani, while a committee in Bangladesh has called for a thorough legal review of Adani’s power generation contracts in the country.
India's Opposition Protests Against Billionaire Facing US Bribery and Fraud Charges
Hundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government
Moody's cuts outlook on Adani firms to -ve
Fitch Ratings Says It May Cut Some Adani Group Bonds to Junk Status
The U.S. rating company said it will monitor the U.S. investigations closely, the outcome of which could reflect significantly weaker corporate governance practices at the Indian conglomerate.
Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable
The adverse rating action could hurt the group's ability to raise fresh funds, besides increasing its cost of capital. Adani stocks fell sharply after the rating actions, with Adani Green Energy, at the centre of US indictments,
Moody's cuts outlook on Adani firms to -ve; Fitch puts some Adani bonds on negative watch
Ratings agency Moody's said on Tuesday that it has cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable', citing the US indictment of Chairman Gautam Adani and others on alleged bribery charges,
Adani power deal under scrutiny
Adani ‘bribery’ case: Andhra Pradesh likely to suspend Adani Group’s power supply deal
The State of Andhra Pradesh is likely to suspend Adani Group’s power supply deal as the federal government and the Solar Energy Corporation of India (SECI) is set to investigate the alleged US indictment charges,
India's Andhra Pradesh Mulls Next Steps on Adani, if Power Deal Can Be Scrapped
India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States,
Adani power deal under scrutiny: Andhra official
Both the Telugu Desam Party and the state government have discussed this, TDP spokesperson and chairman of the state biodiversity board N Vijaya Kumar said.
20h
on MSN
Adani Group's troubles keep growing as financial and legal headwinds get stronger
In another blow to the conglomerate, French energy giant TotalEnergies, on Monday suspended new investments linked to Adani ...
Channel NewsAsia Singapore
1h
Major rating agencies downgrade Adani Group following US corruption allegations
A possible hit to Adani Group's access to funding after major rating agencies cast doubt on the outlook for the Indian ...
1d
on MSN
Adani Green plunges 11% after TotalEnergies says it will make no new financial contribution to Adani Group investments
Shares of Adani Green Energy plunged 11.3% on Monday after TotalEnergies SE said it would not make any new financial ...
GlobalData on MSN
1d
Adani Group faces human rights complaint in Australian coal unit
The complaint alleges Adani staff blocked Aboriginal group access to springs near Queensland's Carmichael coal mine.
1d
India’s Adani Group Mess Is Terribly Timed For Modi’s Economy
News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime ...
1d
Adani Group Says Its Companies Have Enough Cash to Meet Debt Payments
Adani Group said its companies have enough cash to meet debt obligations, days after a U.S. indictment against founder Gautam ...
GlobalData on MSN
1d
TotalEnergies halts new financial contributions to Adani Group
French-based TotalEnergies has announced a suspension of new financial contributions to the Adani Group of companies ...
Newsweek
6d
Billionaire Gautam Adani Charged With Defrauding Investors
According to an indictment unsealed on Wednesday, the 62-year-old billionaire and head of the
Adani
Group
conglomerate is charged with securities fraud and conspiring to commit securities and wire ...
2h
As Adani Group stocks wobble, investors take fewer chances
Shares of all the 11 listed companies ended lower on Tuesday, falling between 1% and 7% after Fitch Ratings put some Adani ...
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