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Factbox-Major fallout for India's Adani Group

Reuters on MSN · 1h

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,

The Associated Press on MSN · 22h

India’s opposition protests against Gautam Adani as billionaire faces US bribery and fraud charges

Adani, 62, one of Asia’s richest men, was thrust into the spotlight last week when U.S. prosecutors in New York charged him and seven of his associates with securities fraud.

CNBC on MSN · 2d

Adani's indictment: How one of India's biggest empires descended into chaos

The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

Andhra Pradesh mulls next steps on Adani

Reuters on MSN · 7h

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,

Live Mint on MSN · 19m

Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?

The AP government says it is ‘digging into all the internal files’ from the previous administration. This move comes days after the US Securities and Exchange Commission (SEC) indicted Gautam Adani, Sagar Adani,

Hindustan Times on MSN · 2h

Andhra Pradesh reviews possibility of scrapping Adani power deal: Report

US authorities have charged Gautam Adani and seven others for allegedly paying $265M in bribes to Indian officials to secure solar power contracts in 2021-2022.

retail.economictimes.indiatimes38s

Adani Wilmar said to defer stake sale amid US bribery charges

Adani Enterprises and Wilmar International are reportedly delaying a 12% stake sale in their Indian food venture, Adani ...

19h

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 ...

23h

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 ...

4don MSN

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

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

22h

Silence From Modi Allies Shows Adani Has Some Political Cover

Prime Minister Narendra Modi’s allies have largely refrained from commenting on the US’s shock bribery allegations against ...

1d

Vedanta to proceed with dollar bond sale in first post-Adani India credit test

Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group's top officials were ...

1d

Bangladesh Panel Seeks Global Legal Firm for Power Deals Probe, Including Adani

DHAKA (Reuters) - A Bangladesh government-appointed committee examining power generation contracts, including one with ...

The Economist1d

The Adani scandal creates a storm for Narendra Modi

F or India’s prime minister, Narendra Modi, it should have been the perfect prelude to the winter session of parliament. Two ...

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