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Adani Group could find funding harder
Adani Group could find funding harder after US indictment as banks review credit
Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme.
Adani Group funding in focus after US indictment against founder
Bonds issued by the Adani Group dropped sharply for a second day on Friday, although some of its shares stabilised after steep losses the previous day following news of the warrant. Some global banks are considering temporarily halting fresh credit to the Adani Group but maintaining existing loans after the U.
Adani's troubles: Global banks weigh halting fresh credit to Adani after U.S. indictment
Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones.
Never entered into a pact to operate airport in Kenya
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 Adani after U.S. bribery and fraud indictments against one of Asia’s richest me
Never signed pact to operate airport in Kenya: Adani
Billionaire Gautam Adani’s group on Saturday clarified that it had not entered into any binding agreement to operate Kenya’s main airport.On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years,
Adani Group denies entering into contract to operate Kenyan airport
Adani Enterprises, part of the Adani Group, has denied being awarded any airport projects in Kenya, despite setting up a subsidiary in the country for airport management. However, another group firm,
1h
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 ...
2d
on MSN
Adani Group Shares Tumble 20% After US Bribery Indictment
Shares in India's Adani Group took a significant hit on Thursday, dropping by as much as 20 percent, following the unsealing ...
The Star
24m
Mbadi defends Raila's support for Adani Group
Mbadi noted that the AUC chairmanship candidate had recognized the incredible work of
Adani
Group
in some of their ...
Hindustan Times
6m
Gautam Adani, nephew Sagar Adani summoned by US SEC in Adani group bribery case: ‘If you fail to respond…’
Gautam
Adani
of the
Adani
group
and his nephew Sagar
Adani
have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying USD 265 million ( ...
2d
Adani Group firms' shares fall for second session after US indictments
Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate ...
2d
on MSN
Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery
Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from ...
1d
on MSN
India's Adani Group shares show some recovery despite uncertainty over US bribery and fraud charges
The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as ...
devdiscourse
1d
Scandal Unfolds: Alleged Bribery Ties YSRCP and Adani Group
Andhra Pradesh CM N Chandrababu Naidu announced possessing US chargesheet reports on alleged bribery involving the YSRCP and ...
3d
on MSN
Billionaire Gautam Adani of India's Adani Group charged in US with bribery; bond deal pulled
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been ...
2d
on MSN
Shares in India’s Adani Group plunge 20% after US bribery, fraud indictments
One of Asia’s richest men, controversial Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged ...
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