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Factbox-Major fallout for India's Adani Group
Factbox-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,
Indian Parliament Suspended Again in Row Over U.S. Accusations Against Adani
India's lower house of parliament suspended proceedings for a second day on Wednesday after disruption by lawmakers calling for a discussion of U.S. accusations of bribery and fraud against the ports-to-power Adani Group.
Billionaire Gautam Adani’s Fortune Shrinks $16 Billion Amid Fallout From Bribery Case
Since the bribery indictment last week, Indian billionaire Gautam Adani's net worth has tumbled almost $16 billion to about $54 billion currently, according to Forbes real-time data. The group is also facing a backlash from investors and business partners.
1d
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 ...
8m
Markets climb on sharp rally in Adani Group cos
Adani group shares led the recovery rising up to nearly 20 per cent after the group clarified that chairman Gautam Adani and ...
1d
on MSN
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 ...
20h
Adani group clarifies charges: no FCPA violation for Gautam Adani
The Adani Group has issued a clarification regarding the charges against its founder, Gautam Adani, following a US indictment ...
GlobalData on MSN
2d
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.
2d
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 ...
2d
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
2d
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 ...
Yahoo Finance
2d
TotalEnergies pauses funding for Adani Group after bribery charges
STORY: TotalEnergies is pausing business with
Adani
Group
, saying in a statement on Monday (November 25) that it will freeze further payments to the Indian conglomerate. It comes after
Adani
...
4h
Adani Group loses nearly US$55bil in market rout
India’s Adani Group conglomerate says it has lost almost US$55bil in a stock market rout since US prosecutors last week ...
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