Major fallout for 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,
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.
Major fallout for Adani Group after U.S. 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.
Indian shares subdued as Adani firms fall on implications of US indictments
By Bharath Rajeswaran (Reuters) -Indian shares fell on Tuesday, pressured by Adani Group stocks' decline on worries about the implications of the alleged bribery charges against their key executives in the U.
US SEC issues summons for India's Adani, nephew on bribery allegations
The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on U.S. bribery allegations related to a bombshell federal indictment against him, a court filing showed.
Gautam Adani Indictment: 5 Things to know about the alleged bribery charges against the billionaire
US prosecutors have charged Indian billionaire Gautam Adani and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India.In the indictment, prosecutors alleged the tycoon and other senior executives had agreed to the payments to Indian officials to win contracts for his renewable energy company,
Adani Group's troubles keep growing as financial and legal headwinds get stronger
Adani Group is facing fallouts on several fronts as investors and partners rethink ties with the Indian conglomerate in the ...
Adani Green Energy says no talks on new financial commitment with TotalEnergies
Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies , a day after the ...
Fitch Warns Adani Ports’ Dollar Bonds May Be Cut to Junk
Dollar bonds of Adani Group’s ports business may be cut to speculative grade after US prosecutors brought charges of alleged ...
Adani bribery allegations: Ex-YSRCP Minister distances himself from SECI deal
Former Andhra Pradesh Energy Minister denies knowledge of alleged bribery scandal involving Adani Group and SECI solar power ...
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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 ...
Indian Retail Investors Stay Hooked on Adani Shares
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look ...
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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 ...
What to know about billionaire Gautam Adani’s indictment in the U.S.
Hundreds of people protested on Monday in India against billionaire Gautam Adani, who was recently indicted in the U.S. for ...
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The Adani scandal takes the shine off Modi’s electoral success
But victory for the BJP and its partners in Maharashtra, with more than 80% of 288 local assembly seats, is now almost ...
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Fitch puts some Adani bonds on negative watch as Sri Lanka weighs accusations
(Reuters) -Sri Lanka is weighing U.S. bribery accusations against Adani Group and Fitch put some company bonds on a watch ...
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam ...