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Adani, Sri Lanka

Adani hit by downgrades as projects under review in India, Sri Lanka

Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.

U.S. News & World Report · 2d

US Agency Conducting Due Diligence on Adani's Sri Lanka Project, Bloomberg Reports

A U.S. agency that agreed to lend more than $500 million to a Sri Lanka port development backed by the Adani Group said it is still conducting due diligence on the project in the wake of bribery allegations against the group's billionaire founder Gautam Adani and other top executives,

Bloomberg on MSN · 1d

US Agency Still Reviewing Funding Adani’s Sri Lanka Project

Sign up here.A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.

Reuters on MSN · 1d

US development agency 'assessing ramifications' on Adani's Sri Lanka project

A U.S. agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India's Adani Group on the agency's prior agreement to lend more than $550 million to a Sri Lankan port development backed by the group.

Modi's Party Distances Itself From India's Adani

Hosted on MSN · 1h

Modi's party distances itself from India's Adani amid opposition protests

Indian Prime Minister Narendra Modi's party said it had no reason to defend billionaire Gautam Adani on Tuesday following his U.S. indictment over alleged bribery to secure power deals in India. The m

Forbes · 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 Minister Narendra Modi's economy.

Seattle Times · 1d

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 of protecting the Indian coal magnate whose companies’ shares

Major fallout for India's Adani Group

Reuters · 9h

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,

The Associated Press on MSN · 5d

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments

NEW DELHI -- Asia’s controversial richest man, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme.

News Tribune · 4d

Shares in India’s Adani Group plunge 20 percent after US bribery, fraud indictments

One of Asia's richest men, Indian tycoon Gautam Adani, is again in the spotlight. His companies' stocks plunged up to 20 percent in value Thursday after he was indicted by U.S. prosecutors on charges that he duped investors in a massive solar energy project in India by concealing that it was being facilitated by bribes.

Exclusive: India's Andhra Pradesh state likely to suspend Adani power deal, sources say

India's Andhra Pradesh state is likely to put its power purchase deal linked to Adani Group 'in abeyance citing the U.S.

devdiscourse2h

Adani Group's Financial Turmoil Deepens Amidst Bribery Allegations

Adani Group, led by billionaire Gautam Adani, faces increased scrutiny as U.S. bribery allegations lead to credit downgrades.

Upstream10h

TotalEnergies to pause any new ‘financial contribution’ to Adani Group investments

TotalEnergies' decision to halt further investments in Adani Group companies follows billionaire Gautam Adani’s recent ...

3don MSN

India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges

The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as ...

ABC News4d

US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men

The indictment outlines an alleged scheme to pay about $265 million in bribes to government officials in India. The Adani group denied the allegations against directors of Adani Green Energy ...

TotalEnergies' Statement on its Investments Related to Adani Group in India

TotalEnergies, which is not targeted nor involved in the facts described by such indictment, will take all relevant actions to protect its interests as minority (19.75%) shareholder of AGEL and as a ...

From the Urdu Press: ‘INDIA bloc defeat after defeat… it needs to learn the lessons’, ‘Is Adani above Indian law?’

The BJP could script this victory riding on not just its Hindutva plank, but also because of the Mahayuti government’s ...

Breakingviews: Adani presents India with big financing ultimatum

The country’s government may need to nudge local lenders to support the growth of the billionaire’s infrastructure ...

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