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TotalEnergies pauses investments in India's Adani Group
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.
TotalEnergies pauses investments in India's Adani Group after bribery charges
French oil major TotalEnergies (TTEF.PA), opens new tab 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.
India's Andhra Pradesh Mulls Next Steps on Adani
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,
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,
Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?
The AP government says it is ‘digging into all the internal files’ from the previous administration. This move comes days after the US Securities and Exchange Commission (SEC) indicted Gautam Adani, Sagar Adani,
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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, ...
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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 ...
devdiscourse
4h
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.
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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 ...
devdiscourse
3h
Adani Group Bribery Scandal: Political Turmoil Amidst Allegations
BJP distances itself from Indian billionaire Gautam Adani following a U.S. indictment over alleged bribery for power deals.
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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 ...
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on MSN
Fitch Ratings Says It May Cut Some Adani Group Bonds to Junk Status
The U.S. rating company said it will monitor the U.S. investigations closely, the outcome of which could reflect ...
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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