US indictments landed a blow on Adani Group, with international deals being reviewed and ratings agencies changing outlook. But recent efforts have helped it claw back market cap.
Global media, however, acknowledges that India does indeed face a Chinese threat. It also notes that controversy surrounding Adani Group creates problems for India’s own domestic growth.
This is significant since US said SECI was having trouble finding buyers for Adani & Azure solar power due to high rates. The firms then allegedly promised bribes to state govt officials.
Adanis not named in allegation of conspiracy to violate US Foreign Corrupt Practices Act, have been named in 'two or three counts relating to securities and bonds', says Rohatgi.
In a filing with the stock exchanges, the group has cited the news reporting on the alleged bribery & corruption charges against Adani officials as 'incorrect'.
Under pressure from opposition BRS, CM says corpus fund Adani offered 'being projected as some benefit to me or my govt', adds 'we have asked Adani Group to stop the fund transfer'.
Explaining the reasoning behind the decision, Telangana CM Revanth Reddy cited concerns over recent controversies and the need to uphold the state's reputation.
U.S. International Development Finance Corporation has not reached a final agreement on the loan, an official with the agency said in an email to Bloomberg.
The US indictment relates to 'a single Adani Green contract, about 10% of its business,' Singh stated on X, adding that the group will provide further details soon.
While the language war in other states is targeting those who can't speak the local language, in Bengal, even those whose mother tongue is Bengali have to constantly prove their Bengali-ness.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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