Adani
(Reuters) – India’s Adani Green said it has appointed independent law firms to review the U.S. indictment of founder Gautam Adani and top Adani Green executives for paying $265 million in bribes for power contracts. The appointment of the law firms was announced in a 33-page earnings regulatory filing made by Adani Green late on […]
NEW DELHI: In a first reaction to the recent US indictment, industrialist Gautam Adani on Saturday dismissed the allegations and said that “every attack makes us stronger.” Speaking at the 51st Gem And Jewellery Awards in Jaipur, Adani said that this was not the first time the group had faced “such challenges.”“As most of you […]
This photograph taken on January 11, 2024, shows a general view of the Adani Group owned Mundra Port in Mundra. Punit Paranjpe | Afp | Getty Images Shares in India’s Adani Group climbed further on Friday, resuming a multi-day rally on the back of the group’s statement refuting bribery charges against its billionaire chairman, Gautam […]
TotalEnergies, which is a partner of India’s Adani group in renewable energy projects, will not make any new financial contribution as part of its investments in the group of companies until the ongoing U.S. investigations into Adani executives for corruption are clarified, the French supermajor said on Monday. Last week, the U.S. Attorney’s Office for […]
By Aditi Shah, Aditya Kalra NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group’s CFO said on Saturday. On Wednesday, Gautam Adani, […]
Shares connected to the Adani Group—chaired by Indian billionaire Gautam Adani—plunged by double digits on Thursday after U.S. law enforcement agencies accused Adani and fellow executives of paying more than $250 million in bribes to Indian government officials. Adani Enterprises, the group’s flagship company, fell by over 20%. Fellow group companies Adani Green Energy and […]
By Semafor Africa Photos: YouTube Screenshots Kenya’s government has canceled all public-private partnership contracts signed with subsidiaries of India’s Adani Group. It follows the indictment of billionaire Gautam Adani in New York on Wednesday. President William Ruto announced controversial multimillion-dollar deals in the energy, transport and health sectors would be scrapped during his state of […]
The deals had been sharply criticised over lack of transparency and value for money. Kenyan President William Ruto has ordered the cancellation of a procurement process that had been expected to award control of the country’s main airport to India’s Adani Group after its founder was indicted in the United States. Ruto made the announcement […]
NEW DELHI (AP) — One of Asia’s richest men, Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% 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 […]
Item 1 of 2 People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas/File Photo [1/2]People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing Rights, opens new tab Nov 21 (Reuters) – India’s benchmark equity indexes fell on Thursday, […]