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Modi's Party Distances Itself From India's Adani

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.

The Associated Press on MSN · 1d

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.

India's Andhra Pradesh Mulls Next Steps on Adani

Reuters · 12h

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

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

U.S. News & World Report · 1d

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,

India Today on MSN · 12h

Andhra Pradesh government scrutinises previous deals with Adani Group

The Andhra Pradesh government is reassessing its past agreements with the Adani Group amid accusations of unethical conduct in public-private partnerships.

Adani Bribery Charges Rocking India

Reuters on MSN · 15h

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,

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.

Bloomberg L.P. · 3h

Big Take Asia: The Adani Bribery Charges Rocking India

India’s Gautam Adani, one of the world’s richest men, was charged last week by US prosecutors over his alleged involvement in a $250 million bribery scheme. The indictment sent the stocks and bonds of Adani’s vast conglomerate tumbling and is the second governance crisis to hit the group in two years.

11h

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

Adani Group's troubles deepened as two more credit rating agencies cut their outlook for the Indian conglomerate.

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 ...

Newsweek6d

Billionaire Gautam Adani Charged With Defrauding Investors

Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.

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 ...

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 ...

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 ...

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 ...

San Francisco Examiner1d

TotalEnergies says halting new investment in India's Adani

French energy giant TotalEnergies said Monday it was halting new investment linked to Indian conglomerate Adani, after the indictment of its billionaire founder on US bribery charges, an announcement ...

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