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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

Police detain a supporter of India's main opposition Congress party during a protest against Indian billionaire Gautam Adani, after he was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, in New Delhi, India, November 25, 2024. REUTERS/Anushree Fadnavis

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.

Adani, Sri Lanka

Hosted on MSN · 2h

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.

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.

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,

Factbox-Major fallout for India's Adani Group

Reuters on MSN · 7h

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.

The Economic Times on MSN · 6h

Major fallout for Adani Group after US bribery indictment

Following U.S. bribery charges against Gautam Adani, several nations and investors have paused or scrapped deals with the Adani Group. TotalEnergies halted investments, and the U.S. International Development Finance Corp is reviewing a $550 million Sri Lanka port project.

India's Andhra Pradesh Mulls Next Steps on Adani

Reuters · 5h

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. indictment' of the group's billionaire founder Gautam Adani in an alleged bribery scheme,

Business Times · 1h

India's Andhra Pradesh state likely to suspend Adani power deal

India’s Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the US indictment of the group’s billionaire founder Gautam Adani over an alleged bribery scheme, two state government sources said.

U.S. News & World Report · 20h

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,

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.

Newsweek5d

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.

ABC News4d

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

Adani, a major power player in India perceived as close to Prime Minister Narendra Modi, was charged Wednesday with securities fraud and conspiracy to commit securities and wire fraud at a court ...

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 ...

energy.economictimes.indiatimes7h

Adani Green issues clarification on TotalEnergies’ statement; says no material impact on growth plan

Adani Green Energy (AGEL) on Tuesday issued an official clarification in connection with TotalEnergies’ statement on its ...

14hon MSN

Telangana govt refuses to accept Adani’s ₹100 crore donation for Skill University. Here’s why

Telangana government has decided to decline a ₹100 crore donation from the Adani Group to the Young India Skills University.

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 ...

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