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TotalEnergies Pauses Business With Adani, Says It Was Not Aware of US Investigation
PARIS (Reuters) - French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, adding it will stop financial contributions to its Adani Group investments following last week's indictment.
Adani Bribery Fallout: Cancellations and Dropped Investments
Internationally, the crisis has led to significant setbacks for Adani’s global operations. Kenyan President William Ruto recently canceled a procurement process that was set to award control of Kenya’s main airport to Adani, while a committee in Bangladesh has called for a thorough legal review of Adani’s power generation contracts in the country.
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. The allegations involve a $265 million scheme linked to Indian power projects,
Adani Group’s troubles deepen
Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder
TotalEnergies pauses investments in India's Adani Group after bribery charges
French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.
Adani Bribery Charges in U.S. Cloud India’s Investment Plans
The U.S. case against Adani won’t help Prime Minister Narendra Modi’s ambition to leap forward as a global manufacturing power, in part by attracting foreign direct investment.
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 bonds hit one-year low as investors weigh US bribery allegations
Adani dollar bond prices fell to almost one-year lows on Monday as investors cut their exposure to the Indian conglomerate in the wake of bribery and fraud allegations from U.S. authorities. Some of the most liquid debts,
Indian parliament disrupted over Adani bribery allegations, bonds slide to year low
India's parliament was suspended on Monday after opposition lawmakers disrupted it demanding a discussion over bribery allegations against the Adani Group and Adani dollar bond prices fell to almost one-year lows as investors and lenders weighed the case.
4h
on MSN
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, ...
9h
Adani Wilmar Said to Defer Stake Sale Amid US Bribery Charges
Adani Enterprises Ltd. and Wilmar International Ltd. are said to delay a proposed sale of at least 12% in their Indian food ...
31m
on MSN
Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable
The adverse rating action could hurt the group’s ability to raise fresh funds, besides increasing its cost of capital. Adani ...
7h
Adani's 'renewable energy marvel' trapped in US bribery indictment
The crown jewel of Gautam Adani's company is an energy park in western Gujarat state planned to be five times the size of ...
14h
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 ...
cnbctv18
37m
Andhra Pradesh reviewing Adani Power deals; scrapping them is complex, says Nara Lokesh: Report
The review takes place amid allegations against Gautam Adani in the United States, where he has been accused of bribing ...
3h
on MSN
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 ...
ndtvprofit
2h
Adani Wilmar Celebrates 25 Years Of Fortune Foods With New Logo
Adani Wilmar unveiled a new logo to mark Fortune Foods’ 25th anniversary, showcasing symbols of Indian cooking traditions and ...
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