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Modi's Party Distances Itself From India's Adani

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 U.S. indictment over alleged bribery to secure power deals in India. The m

Forbes · 1d

India’s Adani Group Mess Is Terribly Timed For Modi’s Economy

News that Indian billionaire Gautam Adani’s empire faces U.S. fraud charges could not be timed worse for Indian Prime Minister Narendra Modi's economy.

The Associated Press on MSN · 1d

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 India's Adani Group

Reuters · 21h

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 West · 3h

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.

CNBC on MSN · 3d

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 Modi, according to Forbes. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

15h

Adani hit by downgrades as projects under review in India, Sri Lanka

Adani Group's troubles deepened as two more credit rating agencies cut their outlook for the Indian conglomerate.

20m

Silence From Modi Allies Shows Adani Has Political Cover

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing.

Newsweek6d

Billionaire Gautam Adani Charged With Defrauding Investors

Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.

16h

Exclusive: India's Andhra Pradesh state likely to suspend Adani power deal, sources say

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

Bangladesh Panel Seeks Global Legal Firm for Power Deals Probe, Including Adani

DHAKA (Reuters) - A Bangladesh government-appointed committee examining power generation contracts, including one with ...

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